Four African billionaires richer than 750 million people living on the continent

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.

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