4 African Billionaires Own More than 50% of the Continent’s Wealth

By: Shawn Uiseb

 

Nigerian industrialist Aliko Dangote, South African businessmen Johann Rupert, Nicky Oppenheimer, and Egyptian billionaire Nassef Sawiris and others are worth a combined $57.4 billion — more than the total wealth of an estimated 750 million Africans.

 

A new report released by Oxfam International has painted a stark picture of Africa’s worsening inequality crisis, revealing that just four of the continent’s wealthiest individuals collectively own more wealth than over 50% of Africa’s entire population.

 

The report, titled ‘Africa’s Inequality Crisis and the Rise of the Super-Rich,” names Nigerian industrialist Aliko Dangote, South African businessmen Johann Rupert and Nicky Oppenheimer, and Egyptian billionaire Nassef Sawiris as holding a combined $57.4 billion.

 

This is more than the total wealth of an estimated 750 million Africans.