Africa Is a Country

African Booty

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

Fuel’s errand

When Africa’s richest man announced the construction of the continent’s largest crude oil refinery, many were hopeful. But Aliko Dangote has not saved Nigeria. The Nigerian Scam returns to the Africa Is a Country Podcast to explain why.

Fragile state

Without an immediate change in approach, Somalia will remain a fragmented country populated by self-serving elites seeking foreign patrons.

Coming home

In 1991, acclaimed South African artist Helen Sebidi’s artworks were presumed stolen in Sweden. Three decades later, a caretaker at the residential college where they disappeared found them in a ceiling cupboard, still in their original packaging.

Imaginary homelands

A new biography of former apartheid homeland leader Lucas Mangope struggles to do more than arrange the actions of its subject into a neat chronology.

Business as usual?

This month, Algeria quietly held its second election since Abdelaziz Bouteflika was ousted in 2019. On the podcast, we ask what Abdelmadjid Tebboune’s second term means for the country.

The complexities of solidarity

Assassinated in 1978, Henri Curiel was a Jewish Egyptian Marxist whose likely killers include fascist French-Algerian colons, the apartheid South African Bureau of State Security, and the Abu Nidal Organization.