Africa Is a Country

African Booty

Africa Is a Country Podcast
African Five-a-Side Podcast

African Booty

By
Sean Jacobs

Sean Jacobs
Forbes Magazine–fresh from its cover story last week about Barack Obama’s “Kenyan, anti-colonialist tendencies” which he inherited from his “Luo tribesman father”–gets back to its normal business: reminding us who has real power. Its annual list of the world’s wealthiest people was published this week. As usual they published two lists: the 400 richest Americans (which contains little surprises);  that list is then combined with the rest of the globe’s into a 1000-person list of “The World Billionaires.”  A few of the world’s super wealthy who list themselves as citizens of African countries (whether they live there or not) make the cut:*

127 Nassef Sawiris (Egypt), worth US$5.1bn from construction  (above).
154 Nicky Oppenheimer & family (South Africa), $5bn from diamond mining.
307 Onsi Sawiris (Egypt), father of Nassef, $3.1bn also from construction.
374 Naguib Sawiris (Egypt), brother of Nassef, $2.4bn from telecoms.
421 Johann Rupert & family (South Africa), $2.3bn from luxury goods.
421 Patrice Motsepe (South Africa), $2.3bn from mining.
463 Aliko Dangote (Nigeria), $2.1bn from sugar, flour and cement.
655 Samih Sawiris (Egypt), brother of Nassef, worth $1.5bn from hotels.

We’re not celebrating. We’re not getting any of that money.

* We wanted to, but didn’t have time to work through the list and highlight those wealthy non-Africans who also derive massive profits from the continent. For starters we known that 2 of the top 10–Bill Gates and Lakshmi Mittal–have economic interests on the continent.

Further Reading

An allegiance to abusers

This weekend, Chris Brown will perform two sold-out concerts in South Africa. His relationship to the country reveals the twisted dynamic between a black American artist with a track record of violence and a country happy to receive him.

Shell’s exit scam

Shell’s so-called divestment from Nigeria’s Niger Delta is a calculated move to evade accountability, leaving behind both environmental and economic devastation.

Africa’s sibling rivalry

Nigeria and South Africa have a fraught relationship marked by xenophobia, economic competition, and cultural exchange. The Nigerian Scam are joined by Khanya Mtshali to discuss the dynamics shaping these tensions on the AIAC podcast.

The price of power

Ghana’s election has brought another handover between the country’s two main parties. Yet behind the scenes lies a flawed system where wealth can buy political office.

Beats of defiance

From the streets of Khartoum to exile abroad, Sudanese hip-hop artists have turned music into a powerful tool for protest, resilience, and the preservation of collective memory.

Drawing the line

How Sudanese political satirist Khalid Albaih uses his art and writing to confront injustice, challenge authority, and highlight the struggles of marginalized communities worldwide.