Uzor Kalu and Tony Elumelu joins Forbes Africa 50 Richest List

Tony Elumelu

Orji Uzor Kalu

 Former Abia State governor Chief Orji Uzor Kalu and former United Bank for Africa (UBA) CEO Tony Elumelu are among the three new African billionaires according to Forbes as Nigeria beat South Africa with more number of people in the list for the first time.
See full list here
  Both Uzor Kalu and Elumelu estimated to be worth $1 billion dollars each. Uzor Kalu, 54 a former governor of Abia State in South East Nigeria and founder of the $2.5 billion Slok Holding started business at the age of 19 with a $35 loan from his mother and got his big break in the early 80s when he was awarded lucrative government contracts to import arms and ammunition for the Nigerian military.

Elumelu, 51 a banker by training is the founder of Heirs Holding and former CEO of UBA and also has a controlling stake in Transcorp, Nigeria's largest publicly traded conglomerate. He recently acquired Seadrill's Nigerian Unit for an undisclosed sum.

Nigeria with 13 people on the list topped South Africa for the first time. Of the 13 Nigerians on the list, 6 were billionaires with cement magnate Aliko Dangote leading the pack with an estimated $21.6 billion.

#	Name	Nationality	Net worth (USD)	Age	Sources of Wealth
1	Aliko Dangote	Nigeria	$21.6 billion	57	Cement, Sugar, Flour
2	Johann Rupert & family	South Africa	$7.3 billion	64	Luxury goods
3	Nicky Oppenheimer & family	South Africa	$6.8 billion	69	Diamonds
4	Nassef Sawiris	Egypt	$6.1 billion	53	Construction
5	Christoffel Wiese	South Africa	$5.7 billion	73	Retailing
6	Mike Adenuga	Nigeria	$4.6 billion	61	Oil, Telecom
7	Mohammed Mansour	Egypt	$4.0 billion	66	Diversified
8	Isabel dos Santos	Angola	$3.7 billion	41	Investment
9	Issad Rebrab & family	Algeria	$3.2 billion	70	Food
10	Naguib Sawiris	Egypt	$3.1 billion	66	Telecom
11	Youssef Mansour	Egypt	$2.9 billion	69	Diversified
12	Folorunsho Alakija	Nigeria	$2.5 billion	63	Oil
13	Othman Benjelloun	Morocco	$2.4 billion	82	Banking, Insurance
14	Yasseen Mansour	Egypt	$2.3 billion	53	Diversified
15	Patrice Motsepe	South Africa	$2.3 billion	52	Mining
16	King Mohammed VI	Morocco	$2.1 billion	51	Diversified
17	Koos Bekker	South Africa	$2.0 bilion	61	Media, Investment
18	Stephen Saad	South Africa	$1.9 billion	50	Pharmaceuticals
19	Onsi Sawiris	Egypt	$1.9 billion	84	Construction, Telecom
20	Aziz Akhannouch & family	Morocco	$1.8 billion	53	Petroleum, Diversified
21	Miloud Chaabi & family	Morocco	$1.3 billion	85	Diversified
22	Theophilus Danjuma	Nigeria	$1.1 billion	75	Oil
23	Sudhir Ruparelia	Uganda	$1.1 billion	58	Real Estate
24	Samih Sawiris	Egypt	$1.1 billion	57	Real Estate, Hotels
25	Anas Sefrioui	Morocco	$1.1 billion	57	Real Estate
26	Rostam Azizi	Tanzania	$1.0 billion	50	Telecom, Investment
27	Tony Elumelu	Nigeria	$1.0 billion	51	Investment
28	Orji Uzor Kalu	Nigeria	$1.0 billion	54	Diversified
29	Femi Otedola	Nigeria	$900 million	48	Oil
30	Jim Ovia	Nigeria	$850 million	60	Banking
31	Mohammed Dewji	Tanzania	$800 million	39	Diversified
32	Lauritz (Laurie) Dippenaar	South Africa	$730 million	66	Banking, Insurance
33	Mohamed Bensalah	Morocco	$700 million	44	Financial Services
34	Abdulsamad Rabiu	Nigeria	$700 million	54	Sugar, Flour
35	Bhimji Depar Shah & family	Kenya	$700 million		Consumer goods
36	Desmond Sacco	South Africa	$680 million	72	Mining
37	Mohammed Indimi	Nigeria	$670 million	66	Oil
38	Gus Attridge	South Africa	$660 million	53	Pharmaceuticals
39	Tunde Folawiyo	Nigeria	$650 million	54	Oil
40	Moulay Hafid Elalamy	Morocco	$620 million	54	Insurance
41	Hakeem Belo-Osagie	Nigeria	$600 million	59	Telecom
42	Strive Masiyiwa	Zimbabwe	$600 million	53	Telecom
43	Ali Wakrim & family	Morocco	$600 million		Gas
44	Said Salim Bakhresa	Tanzania	$575 million	65	Manufacturing
45	Reginald Mengi	Tanzania	$550 million		Media, Mining
46	Naushad Merali	Kenya	$550 million	63	Diversified
47	Oba Otudeko	Nigeria	$550 million	70	Manufacturing, Telecom
48	Ahmed Ezz	Egypt	$520 million	55	Steel
49	Jannie Mouton	South Africa	$520 million	67	Financial Services
50	Gerrit Thomas (GT) Ferreira	South Africa	$510 million	66	Banking, Insurance