Mail & Guardian
Mail & Guardian
billionaireslatest news & developments
End SARS is a decentralised social movement, and series of mass protests against police brutality in Nigeria.
AFRICAN MULTIMILLIONAIRES

‘Where are Africa’s Mackenzies?’ We need wealthy Africans to fund feminist and social justice movements

Philanthropy is at its best when it is innovative, risk taking, transformative and wealthy Africans are uniquely placed to disrupt complacent philanthropic giving

  • Theo Sowa
6 min read
Regardless of how the 2024 elections end, the ruling party must undergo radical political transformation to survive (Reuters/Siphiwe Sibeko)
BILLIONAIRES

Competition for campaign contributions results in the rich paying too little tax

In response to “No-one should be as rich as Elon Musk”, Mail & Guardian 20 January

  • Terence Grant
2 min read
South Africa today is a “two-speed society” – one part modern, affluent, technologically advanced, highly skilled, mobile, and increasingly multiracial; the other jobless, marginalised, unskilled, young, mostly rural, and largely black.
BILLIONAIRES

Philanthropy is selfish – it’s time for radical giving

Why should we applaud those giving away a fraction of their fortune; the same people who have a hand in creating such inequities?

  • Armand Bam
7 min read
‘Ventures’ supported reports by ‘Forbes’ that listed Nigeria’s Aliko Dangote as Africa’s richest man with a fortune of $20.2-billion. (AFP)
AFP

Report says Africa has more billionaires than we think

There are far more African billionaires than previously thought, and most of them are Nigerian, says "Ventures" magazine.

  • Staff Reporter
2 min read
BILL CLINTON

Sanctions buster had no regrets

Marc Rich dealt with whoever he liked, and apartheid South Africa was no exception.

  • Jennifer Rankin
4 min read
“Many of the other business in the Steinhoff group offer good prospects and I strongly believe every attempt possible should be made to restructure the group as expeditiously as possible
BILLIONAIRES

Mr Moneybags shrugs off the load

Despite Christo Wiese’s highly public run-in with the British authorities, it is business as usual, writes Heather Formby.

  • Heather Formby
7 min read
BILLIONAIRES

Russian billionaires club sheds two thirds of its members

Russia’s economic slowdown has shredded the net worth of its richest people by more than 70% in the last year.

  • Robin Paxton
3 min read
ALEXEI MORDASHOV

Russia’s super-rich are super-losers in global crisis

Russia’s super-rich are also super-losers, according to a business magazine, which said the top 10 wealthiest had lost two-thirds of their fortunes.

  • Catrina Stewart
2 min read