Four billionaires in Africa have more than half of the continent!

Four billionaires in Africa have more than half of the continent!

Afrika - A new report by Oxfam shows the alarming gap between rich and poor in Africa. Accordingly, four billionaires are richer than half of the African population, which corresponds to around 750 million people. These billionaires include Aliko Dangote, Johann Rupert, Nicky Oppenheimer and Nassef Sawiris. According to the report, the assets of the African billionaires have increased by a whopping 56 percent in the past five years, while the scissors between poor and the rich continue to differ.

oxfam calls for a rethink of African governments. These would fail to counter poverty through effective taxation of the rich. Almost half of the 50 countries with the greatest inequality worldwide are located in Africa. The suspected failure of the governments in poverty control means that the super -rich can continue to benefit from the existing Situation.

global inequality

The report also provides global perspectives to the increase in the assets of billionaires. In 2024, the total assets of the billionaires increased by $ two trillion, with the assets growing three times faster than in the previous year. On average, almost four new billionaires were added per week. In Germany, the total assets of the billionaires increased by $ 26.8 billion, which shows that the problem of inequality is not only in Africa, but is an important topic worldwide.

The effects of this extreme social inequality are seen as a threat to democratic institutions. Oxfam addresses that the economic power of the super rich often turns into political power. These benefit from tax cuts and special exemptions, while the average citizens have to pay higher taxes. This unequal tax policy means that many people from the lower income layer have lower political participation and increasingly lose trust in democracy.

claims from Oxfam

In order to counteract this growing inequality, Oxfam calls for a fair taxation of super -rich, including the introduction of a so -called billionaire tax. The income of this tax should be invested in social justice and climate protection in order to close the existing gaps in justice. In addition, the review of market concentrations by the Bundeskartellamt is considered necessary to take action against the shrinking of the competition.

The analysis of Oxfam on these topics has been completed, but the discussion about the billions that are in the hands of fewer people remains up to date and is more urgent than ever. The possibility of reforming tax law and thus promoting the well -being of society as a whole is often blocked by powerful lobby associations. Only through a determined political course can a real rethink in the fight against inequality.

Further information can be found in the reports from [Kleine Zeitung] (https://www.kleinezeitung.at/service/newsticker/aussenpolitik/19886060/vier-milliardaere-in-afrika-reicher-als-Haelft-des-dest. SPIEGEL and and Oxfam.