The authoritative and Influential Force’s Magazine recently released its 2012 world Billionaires list. The most significant thing noticed is the lack of African presence inspite of Africa being the wealthiest country in terms of natural resources endowment. There is a positive correlation between proper resource management and the reaction of an enabling environment for individuals to make money. It is instructive to note that those who stole money (like thieving African presidents) are never included since their wealth is the common patrimony of their unfortunate countries and not due to their business acumen or financial ingenuity. Of the 1,226 dollar billionaire in the world. Nigerian’s Aliko Dangote who remains the richest African but has been displaced as the richest blackman by Ethiopian born Sandi, Sheikh Mohammed Al-Amoudi with a net worth of $12.5billion to Dangote’s $11.2billion. while Dangote is an industrialist and investor with interests spanning diverse sectors of the economy, Sheikh Al-Amoude made most of his produce in construction where he is highly favoured by the Saudi royal family. A brief survey of the worlds’ top 20 billionaires (Bloomberg Billionaires index) reveals that no particular industry is a particular route to making billions trough Information & Communication Technology, Manufacturing and natural resources have an edge. A look at the top 13billionaires will confirm this (A Networth as at March 2, 2012).
1. Carlos Slim Helu, 72, Chairman Groupo Carso, a Mexican of Lebanese ancestry and married into one of the most powerful Lebanese families (the Catholic Gemayel family that produced 2 brothers on presidents) is a telecommunications tycoon who controls America Movil SAB, with about 300million subscribers in central and South America and is the richest man on planet Earth with networth of $68.5billion.
2. Bill Gates, 56, co-founder of Microsoft Comp. in Redmond, Washington, the world’s largest software maker is worth $62.4billion.
3. Warren Buffet, 81, Chairman of Omaha, Nebraska-based Berkshire Hathaway inc. is worth $43.8bn. Almost all of Buffet’s wealth is held in Berkshire Hathaway, the publicly traded holding company he has run since 1965. It should be added that Bill and Merrill Gates foundation was given $39billion by Buffet some year ago whin the foundatio9n was ahead $30billion. (making it worth $69billion at the time because he believed Gates
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