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The Extravagance Of The African Billionaire

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AFRICANGLOBE - Africa, a continent home to 80 percent of the world’s population living in poverty, is also the home of some of the world’s wealthiest people. Like their international brethren, despite the struggles of their poor neighbours, the region’s rich have no compunction about flashing their fancy cars, fleets of private jets, tickets to outer space, lavish weddings and exclusive and extravagant real estate.

Billionaire Wiese Targeting Nigeria as Wal-Mart Seizes Foothold in Africa

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“Africa is awakening,” Pepkor Chairman Christo Wiese said in an interview in Cape Town on Aug. 10. “It’s a huge market of almost a billion people with huge resources and a young population. People spend when they’re young.”
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