{"id":46961,"date":"2025-07-10T22:02:32","date_gmt":"2025-07-10T19:02:32","guid":{"rendered":"https:\/\/thesauditimes.net\/en\/?p=46961"},"modified":"2025-07-10T22:02:32","modified_gmt":"2025-07-10T19:02:32","slug":"sawiris-among-4-africans-whose-wealth-surpasses-that-of-half-the-continents-population","status":"publish","type":"post","link":"https:\/\/thesauditimes.net\/en\/sawiris-among-4-africans-whose-wealth-surpasses-that-of-half-the-continents-population\/","title":{"rendered":"Sawiris Among 4 Africans Whose Wealth Surpasses That of Half the Continent\u2019s Population"},"content":{"rendered":"<p>A new report by Oxfam has revealed that just four of Africa\u2019s wealthiest individuals\u2014including Egyptian businessman Nassef Sawiris\u2014collectively hold more wealth than half of the continent\u2019s 1.2 billion people.<\/p>\n<p>According to the report, the net worth of these four individuals has reached record levels in recent years, growing at rates that significantly outpace the economic growth of many African nations. This trend highlights the widening inequality gap across the continent.<\/p>\n<p>&nbsp;<\/p>\n<figure id=\"attachment_46962\" aria-describedby=\"caption-attachment-46962\" style=\"width: 2000px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" data-attachment-id=\"46962\" data-permalink=\"https:\/\/thesauditimes.net\/en\/sawiris-among-4-africans-whose-wealth-surpasses-that-of-half-the-continents-population\/sawiris-among-4-africans-whose-wealth-surpasses-that-of-half-the-continents-population-1\/\" data-orig-file=\"https:\/\/thesauditimes.net\/en\/wp-content\/uploads\/2025\/07\/Sawiris-Among-4-Africans-Whose-Wealth-Surpasses-That-of-Half-the-Continents-Population-1.jpg\" data-orig-size=\"2000,1397\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Sawiris Among 4 Africans Whose Wealth Surpasses That of Half the Continent\u2019s Population\" data-image-description=\"&lt;p&gt;Sawiris Among 4 Africans Whose Wealth Surpasses That of Half the Continent\u2019s Population&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Sawiris Among 4 Africans Whose Wealth Surpasses That of Half the Continent\u2019s Population&lt;\/p&gt;\n\" data-large-file=\"https:\/\/thesauditimes.net\/en\/wp-content\/uploads\/2025\/07\/Sawiris-Among-4-Africans-Whose-Wealth-Surpasses-That-of-Half-the-Continents-Population-1-1024x715.jpg\" class=\"size-full wp-image-46962\" src=\"https:\/\/thesauditimes.net\/en\/wp-content\/uploads\/2025\/07\/Sawiris-Among-4-Africans-Whose-Wealth-Surpasses-That-of-Half-the-Continents-Population-1.jpg\" alt=\"Sawiris Among 4 Africans Whose Wealth Surpasses That of Half the Continent\u2019s Population\" width=\"2000\" height=\"1397\" srcset=\"https:\/\/thesauditimes.net\/en\/wp-content\/uploads\/2025\/07\/Sawiris-Among-4-Africans-Whose-Wealth-Surpasses-That-of-Half-the-Continents-Population-1.jpg 2000w, https:\/\/thesauditimes.net\/en\/wp-content\/uploads\/2025\/07\/Sawiris-Among-4-Africans-Whose-Wealth-Surpasses-That-of-Half-the-Continents-Population-1-300x210.jpg 300w, https:\/\/thesauditimes.net\/en\/wp-content\/uploads\/2025\/07\/Sawiris-Among-4-Africans-Whose-Wealth-Surpasses-That-of-Half-the-Continents-Population-1-1024x715.jpg 1024w, https:\/\/thesauditimes.net\/en\/wp-content\/uploads\/2025\/07\/Sawiris-Among-4-Africans-Whose-Wealth-Surpasses-That-of-Half-the-Continents-Population-1-768x536.jpg 768w, https:\/\/thesauditimes.net\/en\/wp-content\/uploads\/2025\/07\/Sawiris-Among-4-Africans-Whose-Wealth-Surpasses-That-of-Half-the-Continents-Population-1-1536x1073.jpg 1536w, https:\/\/thesauditimes.net\/en\/wp-content\/uploads\/2025\/07\/Sawiris-Among-4-Africans-Whose-Wealth-Surpasses-That-of-Half-the-Continents-Population-1-600x419.jpg 600w\" sizes=\"(max-width: 2000px) 100vw, 2000px\" \/><figcaption id=\"caption-attachment-46962\" class=\"wp-caption-text\">Sawiris Among 4 Africans Whose Wealth Surpasses That of Half the Continent\u2019s Population<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>The wealth of these billionaires is concentrated in key sectors such as heavy industry, telecommunications, banking, and real estate\u2014sectors that play a critical role in Africa\u2019s development but whose returns are largely confined to a narrow elite.<\/p>\n<p>Oxfam\u2019s report calls for the implementation of fair taxation policies, increased transparency in wealth distribution, and greater investment in public services such as education, healthcare, and infrastructure.<\/p>\n<p>These measures, the report argues, are essential to bridging the gap and promoting inclusive economic development across the continent.<\/p>\n<p>The report further stresses that wealth inequality remains one of the most pressing challenges facing Africa\u2019s future, urging policymakers to address the systemic roots of disparity and ensure a more balanced and equitable economic framework.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new report by Oxfam has revealed that just four of Africa\u2019s wealthiest individuals\u2014including Egyptian businessman Nassef Sawiris\u2014collectively hold more wealth than half of the continent\u2019s 1.2 billion people. According to the report, the net worth of these four individuals has reached record levels in recent years, growing at rates that significantly outpace the economic growth of many African nations. This trend highlights the widening inequality gap across the continent. &nbsp; &nbsp; The wealth of these billionaires is concentrated in key sectors such as heavy industry, telecommunications, banking, and real estate\u2014sectors that play a critical role in Africa\u2019s development but<\/p>\n","protected":false},"author":1,"featured_media":46963,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_focuskw":"Sawiris Among 4 Africans","_yoast_wpseo_metadesc":"Sawiris Among 4 Africans Whose Wealth Surpasses That of Half the Continent\u2019s Population .. new report by Oxfam has revealed","om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[235],"tags":[],"class_list":["post-46961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sawiris Among 4 Africans Whose Wealth Surpasses That of Half the Continent\u2019s Population - The Saudi Times<\/title>\n<meta name=\"description\" content=\"Sawiris Among 4 Africans Whose Wealth Surpasses That of Half the Continent\u2019s Population .. new report by Oxfam has revealed\" \/>\n<meta name=\"robots\" content=\"index, follow, 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