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