How Africa’s Billionaires Make Their Money | Forbes
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- Опубликовано: 4 ноя 2024
- Forbes Wealth Editor Rob LeFranco sat down with Diane Brady to talk about the Africans who made the 2023 billionaires list.
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Him: "..It's old money that goes back to the diamond industry in South Africa.."
Her: "The good old days."
Me: 🤨
its insane to say the very least...Forbes is really not in touch in with africa...so many flaws in the interview. Can do better than this
@@japhetdakwa1391 I agree!
How tone deaf of someone to say that.
Africa has wayyyyyyy more than 19 billionaires!! Nigeria alone might have 12-15 lol most African's don't report their earnings, Forbes got to do a lot more digging
Excatly in my country they say there is 1 but us locals know around 5
2023, Can Africans tell African stories , the episode would get more value in having the realistic African context
?
You are very right.
They're telling them. Just not sure if you'll get all the meat.
No one is stopping you from telling African stories
This discussion isn't sound at all.
Why not interview them rather than talking and making assumptions on things not true.
There is no way this host just quoted colonialism as "the good old days"
That was sarcasm.
Go compare the violent crime rates from now and pre-1990
Dangote is a legend hands down. What that man represents is a global change that’s been coming for over 20 years now. It’s a seat at the table and not a small seat a very big and powerful seat at the table.
I don’t look up the sports player the entertainer if I had a chance to meet someone it would be this man I’d just love to follow him around and learn learn learn. To have the wealth that he has I believe him to be one of the worlds most smartest men alive.
Very true. He’s my family through marriage. A very humble and exceptional businessman. He also developed Nigeria’s first oil refinery several years ago.
How is he a legend?
@@trueshineceo He did all these through working with the corrupt Nigerian government, exploiting the natural resources that belongs to all Nigerians, monopoly and he does not have the intelligence to innovate anything new. If the Nigerian government stops being corrupt and actually work to serve the all Nigerians, people like Dangote will not have the “wealth” they have.
Sorry to bust your bubble, but all of Dangote’s wealth is via govt orchestrated monopoly in commodities such as Cement. Credit to him for taking advantage, but for the monopoly and subsidies he enjoys from government, he charges one of the highest prices for things like cement.
@@nubosite You’ve not busted my bubble but only strengthened my point. In a corrupt landscape such as Nigeria, it is a blessing that a man of his knowledge and caliber has leveraged his platform to have an influential position in these essential industries. God makes no mistakes. Dangote is the chosen man who balances between a strong position for working with primarily African companies over the west, and keeps ties with high profile individuals such as Bill Gates. Your claims that government favor Dangote are false. If anything, he’s been clever enough to leverage his businesses to dominance despite the challenges of competitors some of whom are also tied in with government. I’m certain Mansa Musa had haters in his day… but remember Dangote is in that position, not you, and you and everyone else would die to be in it. It’s Gods will. 🙏🏽😎 Thank God for Aliko Dangote, Adedeji Adeleke & the many other inspirational Nigerians who continue to shape the future of the world.
Nothing but generalisation of Africa and it’s businessmen in this video. Disappointed.
very poor reporting
South Africa has fifteen billionaires currently outside the country so how did reach 19. Plus there are many more unknown even to us Africans
They talking about dollar billionaires so it's about 7 but probably higher maybe 9 at max.
@@aadilmohideen5070 nope my country zimbabwe has like over 10Billionairs 🤣
Aliko Dangote is not a monopolist as most people think, Dangote makes large investments in places most people would not want to make ie refinery, everyone keeps money in the bank, the market was open for everyone, but no one made investments into that sector, we also have companies before Dangote Fertilizer for example, so he is not really a monopolist as most people think.
*laughs in govt subsidies ,loans and laws *
@@Diamondglobalunits 😂 subsidies are normal, loans are normal, US President Joe Biden signed the $52B Chips Act, to provide funding to companies that want to build Chip plants, US government lent Billions to Tesla, worlds largest car maker by Market Cap, Laws are simply incentives for people to do what the government wants.
@@Diamondglobalunits you do know that Samsung, LG, Hyundai, silicon banks and almost every single mega companies run on govt subsidies and rules right ??? 😂
@@TdainegonkeeU doesn't make it right.
I totally agree with you, people always try to find excuses for not competing with Dangote, all the excuses are mapped to government. But if you look at it all the billionaires have access to the government as well.
There are 46 billionaires in Africa.
Well what do you expect when these people tell your story. They will always downplay any achievements
@@michaelmaps2004 you are absolutely right, we live now in the misinformation and fake news , the only thing they care about is the money making with the minimal effort possible.
may God bless africa ,i love africa and africans
Only Nigeria has more than 20
20? I am even saying 1000. A lot of them are silent billionaires
@@1111deebee excatly 😂for its dangerous and you get attention
The female too eager to prove she knows things too
19 in Uganda it’s self 🇺🇬
In Nigerians case is a monopoly that's why they are less billionaires here but that will change in a decade but there's one thing for sure billionaires in Africa don't like to be on forbes
Excatly
There are like 300 Billionaires in Africa. Over a 100 in Nigeria alone. Because of things like kidnapping and Scamming, most people hide their wealth.
Billionaires in dollars not naira
@@onweobinna2644 Definitely
Excatly
@@onweobinna2644 he's obviously talking dollars
This Forbes video on how Africa's billionaires make their money is very informative, particularly in highlighting the relatively low number of billionaires on the continent compared to other regions. With only 19 billionaires, Africa's economy presents enormous opportunities for growth and investment. It is worth considering that many investors see the UK as a particularly attractive destination for deploying capital into sustainable income-producing investments. With a stable economic and political environment, as well as a robust legal system and favourable tax policies, the UK presents a strong case for centi-millionaires from Africa to explore investment opportunities that can offer long-term value and stability.
vwry true
Because, most the economy in African countries is state owned. Meaning the economy is in the hands of the masses unlike in the west.
Actually, NIGERIAN BILLIONAIRES are not less than 20...
There’s definitely more then 19 billionaires in Africa. When you factor in presidents, former presidents and top government officials that number goes up even further.
There are over 1000 billionaire$ in Nigeria alone. What are they talking about?
@@1111deebee stop lying
@@asiexcellent3905 You don't even have a clue about Nigeria. Lots of them are hiding their wealth so that they will not be under the radar of the government
@@1111deebee if they were really hiding their wealth then you also wouldn't know.. again, stop lying nigeria doesn't have a 1000+ billionaires
@Stephen Olawoye they might be wealthy. But a billionaire in USD dollar is different.
African billionaire also Africa is the future!!
Johan Rupert money in mainly outside of Africa that's why it's not going anywhere
I guess there are more than 19 billionaires in Africa
Nice interview but a little correction here..... Mike Adenuga is a Nigerian billionaire not SouthAfican
The richest in Africa are in the Food/beverage industry.
Why does she constantly interrupting him?....can he finish a sentence please? so difficult to follow this interviewer as she is way too focused on sounding "in the know".
She is bad in her work
Forbes you got it wrong africa has more billionaires
Former Angola's president daughter was a billion until some of her wealth was seized by the state...
It was not hers
Daddy put her name there
forbes descrediting our billionaires. see their behaviour because they are africans
Excatly
1:02 I stopped listening to this bullshit shortly after. Those “good old days” you’ve mentioned is the Apartheid period.
💀💀
Facts!
I think she meant before SA was a dump with one of the highest violent crime rates in the world.
@@NotKimiRaikkonen Dehumanisation of people, hate crime and Apartheid is not a “better” space to be in
Very informative and useful. What happened to Folorunsho Alakija? Is she no longer a billionaire?
Interesting analysis not enough said about the growth in accessing and processing commodities and banking, especially considering the direction of the market growth, but enough to show a deep understanding of the nature of business in Africa.
Africa have a lot of oligarch Billionaires
There is more than 19 billionaires in Africa
You are joking Africa has more than that number of billionaires, until you do the research quite right you won't know the exact number of billionaires that Africa harbors
The lady's voice hurts my ears, over and over again. Actual pain. Was it the sound mix, or her register of speaking? Not sure.
It's her disregard for Africans
He lies. next time invite Africans themselves
Why should they
Build your own platform
The woman constantly interrupts.
Man this list is wrong. People in America discussing African billionaires who they never interviewed most of them coz they just not interested in the Forbes list. South Africa has about 7 so I'm sure the number is way higher. Also you need to step foot on the continent to better understand who controls the wealth let alone each country in Africa.
True zim has like 5
Don’t try to kill them.
brilliant story
Ridiculous. Nothing but generalizations.
His microphone needs to be turned up, and hers needs to be TURNED DOWN.
This is a lie, there's 27 billionaires in Africa 2023
Or 50
kleptocracy
Ignorance
All they talk is negatively about Africa even w video that supposed to positive. Isn’t it the same way western billionaire have ties with the government 🤷
19 is a relatively high number? Really? Hmm!
... & then they come to the US & run up $25,000.00 bar bills a night
Lmao what does she mean by the good old days? More Africans would be financially wealthy if we just kept our resources
Lol there is way more than that. In nigeria alone, there is 25US$ Billionaire according to Obansajo back in 2008. Lmao not evrybody rushing to send their financials to Forbes. In my own country Cameroon there is billionaires Like Paul Fokam and Baba Danpullo who are wayyyy over the Billion dollar mark just danpullo Real estate holding in South africa should let you know how heavy he is moving.
If white people would not have oppressed africa and asia, then might be african people would have been talk about the same about europe
They forgot Elon Musk !!!!!!
what do she mean by the good old days in South Africa 1:00
I'll give her the benefit of the doubt and hope she was being sarcastic
They probably meant before it was a dump with one of the highest violent crime rates in the world.
Hi
Big surprise, the people with blood money wealth, colonial wealth, don't want to talk, whilst the nouveau riche can't stop jabbering....
Really are you kidding
Theft
Next story 😮
Forbe’s latin america reporting is very poor
Why do they care we they get their money
To make sure it was done legally and ethically. Why wouldn't you care where someone makes their money?
@@NotKimiRaikkonenwe don't go to other continents and steal resources ofcourse they made it by themsleves
@@NotKimiRaikkonen Because Europeans should be asked that question more than Africans
@@zachoo5135 no, but they use corruption and violence to steal from their own citizens.
in zimbabwe they do it by stealing😃
That’s most places
Excatly 😂😂
In East Africa alone. We've got more than 20 billionaires 😅, Do the research, stop the stereotype
By stealing dammy
Lol, they are more than 19
Naira billionaires are not real billionaires
Aliko dangote
Looted money and corruptions .
Spoilers: by stealing and corruption
Motsepe?
He's a small boy that one compared to the others...
19 billionaires is Africa is a lot? That can't be right
do your own research
I’d rather be poor in America than a billionaire in Africa
Good for you
@with wwmansour