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…
Although Global South countries hold roughly 70% of transition minerals reserves, the majority of the investments in renewable energy are concentrated in the Global North (50%) and China (29%) – with those profits largely falling into the hands of the richest 1%. In 2024, Latin America received 3% of global clean energy investment, and Southeast…
Mukesh Ambani, chairman and managing director of Reliance Industries Ltd., is speaking at an event in Mumbai, India, on March 30, 2024. Indranil Aditya | Nurphoto | Getty Images India’s richest man, Mukesh Ambani, on Friday announced plans to list the country’s largest telecom operator, Reliance Jio Infocomm, by the first half of 2026. Speaking…
In 2000, Africa had no billionaires. Today it has 23 whose combined wealth has soared by 56% in just the past five years, reaching a staggering $112.6 billion. Africa’s richest 5% hold nearly $4 trillion in wealth – more than double the combined wealth of the rest of the continent. Despite soaring poverty, African governments…
President Lazarus McCarthy Chakwera has met with Africa’s richest man, Aliko Dangote, in Abuja, Nigeria, where he is attending the 32nd Afrexim Bank Annual Summit. Hot on the heels of another high-level meeting with billionaire Tony Elumelu, Chakwera’s engagement with Dangote marks a deliberate strategy to court heavyweight African investors capable of shifting Malawi’s economic…
