AfricaIs aCountry

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

Afrobeats after Fela

Wizkid’s dispute with Seun Kuti and the release of his latest EP with Asake highlight the widening gap between Afrobeats’ commercial triumph and Fela Kuti’s political inheritance

Progress is exhausting

Pedro Pinho’s latest film follows a Portuguese engineer in Guinea-Bissau, exposing how empire survives through bureaucracy, intimacy, and the language of “development.”

The rubble of empire

Built by Italian Fascists in 1928, Mogadishu Cathedral was meant to symbolize “peaceful conquest.” Today its ruins force Somalis to confront the uneasy afterlife of colonial power and religious authority.

Atayese

Honored in Yorubaland as “one who repairs the world,” Jesse Jackson’s life bridged civil rights, pan-Africanism, empire, and contradiction—leaving behind a legacy as expansive as it was imperfect.

Bread or Messi?

Angola’s golden jubilee culminated in a multimillion-dollar match against Argentina. The price tag—and the secrecy around it—divided a nation already grappling with inequality.

Visiting Ngara

A redevelopment project in Nairobi’s Ngara district promises revival—but raises deeper questions about capital, memory, and who has the right to shape the city.

Gen Z’s electoral dilemma

Long dismissed as apathetic, Kenya’s youth forced a rupture in 2024. As the 2027 election approaches, their challenge is turning digital rebellion and street protest into political power.

A world reimagined in Black

By placing Kwame Nkrumah at the center of a global Black political network, Howard W. French reveals how the promise of pan-African emancipation was narrowed—and what its failure still costs Africa and the diaspora.