Four African billionaires richer than 750 million people living on the continent (www.rfi.fr)
from babysandpiper@sopuli.xyz to world@lemmy.world on 11 Jul 14:08
https://sopuli.xyz/post/30237823

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

#world

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Yerbouti@sh.itjust.works on 11 Jul 14:13 next collapse

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…

thallamabond@lemmy.world on 11 Jul 14:16 next collapse

Also:

4 African billionaires have more money than 8ish billion people on earth.

AmidFuror@fedia.io on 11 Jul 14:55 next collapse

Yeah, the headline is poorly constructed. They have more wealth than the 750M people combined.

Otherwise the headline would be like "World's Richest Man Richer than Rest of World."

[deleted] on 11 Jul 16:06 collapse
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naticus@lemmy.world on 11 Jul 22:59 collapse

You can go simpler: 4 wealthiest people are richer than the rest of the people who aren’t those 4 people.

brezel@piefed.social on 11 Jul 14:53 next collapse

Rookie numbers...look at the US.

Carvex@lemmy.world on 11 Jul 15:19 next collapse

And if you suggest just a slight bit less horrible Capitalism please, they scream Communist.

UnderpantsWeevil@lemmy.world on 11 Jul 15:36 collapse

Mamdani’s Jihadist plan to open municipally run grocery stores will destroy NYC with Shari Onions.

CII_RX@lemmy.ml on 11 Jul 22:57 collapse

With *Sherry & Onions. FTFY.

ceenote@lemmy.world on 11 Jul 16:07 next collapse

#LifeGoals for billionaires everywhere else.

PlzGivHugs@sh.itjust.works on 11 Jul 16:58 next collapse

From what I’ve heard (although I have no real sources) a lot of the rich Africans are similarly wealthy to many of the rich Americans. Its mostly owners of resource extraction sites and refineries, similar to oil barons and mining companies in American history, but with even less regulations. That said, you don’t really hear about them as much because the local governments aren’t strong enough to challenge them (or even collect accurate information on them) and they’re less interested in flaunting their wealth to the poor.

Viking_Hippie@lemmy.dbzer0.com on 11 Jul 19:26 next collapse

Thanks to Osvaldo, I will never not associate Dangote with being Africa’s biggest snowflake and also easily confused 😄

<img alt="" src="https://lemmy.dbzer0.com/pictrs/image/82076dd7-b58e-4ab9-b02a-20ef355bb306.webp">

wuphysics87@lemmy.ml on 12 Jul 05:05 collapse

I don’t get it. Isn’t he just saying he doesn’t get it?

Viking_Hippie@lemmy.dbzer0.com on 12 Jul 05:26 collapse

Yeah, he was consistently confused and enraged by Osvaldo’s antics, going as far as to threatening legal action against not just him, but everyone who liked his tweets 😄

EndlessNightmare@reddthat.com on 12 Jul 00:14 next collapse

The extreme level wealth disparity is an inexcusable failure of our species.

Gsus4@mander.xyz on 12 Jul 00:41 next collapse

For reference: the population of Africa is 1.5Billion.

Bubbaonthebeach@lemmy.ca on 12 Jul 01:14 collapse

That is what the Billionaire’s in US are aiming for. That is why they are dismantling all the government systems so that those tax monies are directly funnelled to them for no real services rendered.