4 rich Africans reportedly wealthier than half the continent

AFRICA: The four most affluent Africans hold $57.4 billion (€48.9 billion) and are richer than approximately 50% of the continent’s 750 million inhabitants, according to a report released on Thursday by the anti-poverty organization Oxfam.

According to the report, Africa had no billionaires in 2000. Today, the continent has 23 billionaires whose combined wealth has soared by 56% in just the past five years, reaching a staggering $112.6 billion.

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Furthermore, the top 5% of Africans possess nearly $4 trillion in wealth, which is over twice the total wealth of the rest of the continent combined.

The report also states that nearly half of the world’s 50 most unequal countries are in Africa.

In January, Oxfam reported that billionaire wealth was growing faster than ever worldwide.