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Africa's billionaire boom: The 13 tycoons whose wealth has exploded in the last four years

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Aliko Dangote

Africa is undergoing an explosion of wealth as countries open up to the global economy. Many have seen major economic expansions in recent years.

And that's benefiting a small number of already incredibly wealthy individuals — Africa's growing contingent of billionaires.

We looked at Forbes' African rich list from 2011 and compared it to the 2015 list of African billionaires. We stripped out those who hadn't become billionaires in the intervening four years as well as those whose wealth has declined.

Some of those included will have seen massive increases in the value of things they already own — particularly those that own significant shares in major listed companies. Some will have had their wealth re-evaluated and increased considerably by Forbes. 

Take a look at how the richest of the rich in Africa have seen their wealth surge since 2011.

SEE ALSO: Africa's millionaire explosion: The 16 countries where the ultra-wealthy are booming

13. Nicky Oppenheimer, South Africa — $6.6 billion (+$100 million) — As chairman of De Beers, Oppenheimer's wealth comes from the diamond industry, and has sneaked up by 1.5% since 2011.



12. Naguib Sawiris, Egypt — $3 billion (+$100 million) — Naguib is one of three Sawiris family billionaires, and has seen the smallest increase in his wealth since 2011, compared to his brothers.



11. Samih Sawiris, Egypt — $1.05 billion (+$490 million) — though he's only just in the billionaire category, the middle Sawiris brother's net figure rose by 87.5% over four years.



See the rest of the story at Business Insider

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