Last week, the rich and powerful gathered once again at the World Economic Forum in Davos, the Swiss ski resort that has hosted an annual meeting of the world’s super-rich for more than half a century. The setting was familiar, and the guest list predictable. The language was emptier than ever. According to the WEF…
1. Anand Mahindra Mahindra’s engagement with Africa reflects his long-term belief in emerging markets as engines of global growth. With an estimated net worth of over USD 10 billion, he brings both financial strength and strategic vision to the continent. Through the Mahindra Group, he has built a strong presence across Africa in automotive, agriculture,…
Abuja — The world’s 500 richest people added a record $2.2 trillion to their collective fortunes this year, as booming markets in everything from equities to cryptocurrencies to precious metals sent the value of their holdings soaring, according to the Bloomberg Billionaires Index. The gains, which brought their combined net worth to $11.9 trillion, were…
Africa’s richest man and Chairman of Dangote Group, Aliko Dangote, has once again retained his position as Africa’s wealthiest man, topping Forbes’ Real-time Billionaires List with a net worth of $24.4 billion and ranking 88th globally. The latest ranking, released at the weekend, underscores Dangote’s unmatched dominance in Africa’s wealth hierarchy, where he stands far…
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…
