Africa’s wealth disparity has reached unprecedented levels, with just four billionaires now holding more wealth than 750 million people combined – half the continent’s population.
According to a report from Oxfam entitled Africa’s Inequality Crisis and the Rise of the Super-Rich, released on Thusday, Nigerian billionaire Aliko Dangote, South Africans Johann Rupert and Nicky Oppenheimer and Egyptian businessman Nassef Sawiris control a combined $57.4 billion (€49.07bn).
This staggering concentration of wealth highlights the deepening inequality across the continent, the report warns.
Number of African-born millionaires to skyrocket over next decade: report
Oh come on, these 750 people just don’t want to work hard. It’s a perfect system everyone can make it if they stop being lazy. Remember Bezos started is business in he’s parent’s garage. /s, in case…