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submitted 17 hours ago by [email protected] to c/[email protected]

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

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[-] [email protected] 4 points 6 hours ago

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.

[-] [email protected] 3 points 6 hours ago

For reference: the population of Africa is 1.5Billion.

[-] [email protected] 3 points 7 hours ago

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

[-] [email protected] 6 points 12 hours ago* (last edited 12 hours ago)

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

[-] [email protected] 2 points 2 hours ago

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

[-] [email protected] 1 points 2 hours ago

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 😄

[-] [email protected] 32 points 17 hours ago

Also:

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

[-] [email protected] 24 points 16 hours ago

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."

[-] [email protected] 4 points 8 hours ago

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

[-] [email protected] 11 points 16 hours ago* (last edited 16 hours ago)

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

[-] [email protected] 7 points 15 hours ago

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

[-] [email protected] 2 points 8 hours ago

With *Sherry & Onions. FTFY.

[-] [email protected] 14 points 17 hours ago

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...

[-] [email protected] 4 points 14 hours ago* (last edited 14 hours ago)

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.

[-] [email protected] 0 points 15 hours ago* (last edited 14 hours ago)

#LifeGoals for billionaires everywhere else.

[-] [email protected] 4 points 16 hours ago

Rookie numbers...look at the US.

this post was submitted on 11 Jul 2025
217 points (100.0% liked)

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