Hello Venturer,What if you found out you had somehow become the wealthiest person alive? What would you do? Well, I know the first thing I would do is to switch off my phone (sorry mom). Then I would take a long-overdue vacation to a private resort to absorb my new reality. There is no better way to get clarity than at a beautiful resort with a "rich people" pina colada in hand. Well, that is what movies have taught me.I often wish I was wealthy. Not just any type of wealth. The one where I am "new money" born into "old money". The kind you see in movies. But you see, having wealth like that also comes with commitments. For one, I would want to increase or sustain my wealth. Which just means more work for me. It also means I become a metric for economic development.Β It is no wonder the one per cent has so much power.According to a new report, South Africa, Egypt, and Nigeria have done just that. It shows that the bulk of Africa's wealth rests in these three nations. However, this wealth appears to be old money because the wealth present in these countries is not increasing. On the contrary, the number of millionaires has decreased. Meanwhile, it appears new money is brewing on the shores of Mauritius. The island nation currently has the fastest-growing wealth market in Africa.This week, we discuss the disturbingly poor distribution of wealth in Africa.Orufa SuotunimiStaff writer
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Crazy rich Africans ποΈπΎπ°βοΈ
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Hello Venturer,What if you found out you had somehow become the wealthiest person alive? What would you do? Well, I know the first thing I would do is to switch off my phone (sorry mom). Then I would take a long-overdue vacation to a private resort to absorb my new reality. There is no better way to get clarity than at a beautiful resort with a "rich people" pina colada in hand. Well, that is what movies have taught me.I often wish I was wealthy. Not just any type of wealth. The one where I am "new money" born into "old money". The kind you see in movies. But you see, having wealth like that also comes with commitments. For one, I would want to increase or sustain my wealth. Which just means more work for me. It also means I become a metric for economic development.Β It is no wonder the one per cent has so much power.According to a new report, South Africa, Egypt, and Nigeria have done just that. It shows that the bulk of Africa's wealth rests in these three nations. However, this wealth appears to be old money because the wealth present in these countries is not increasing. On the contrary, the number of millionaires has decreased. Meanwhile, it appears new money is brewing on the shores of Mauritius. The island nation currently has the fastest-growing wealth market in Africa.This week, we discuss the disturbingly poor distribution of wealth in Africa.Orufa SuotunimiStaff writer