When you think about billionaires, you probably think of Silicon Valley or Dubai. But you may be surprised to learn that Africa is quickly rising up the ranks. The continent is experiencing exponential economic growth and billionaires are popping up left and right massive infrastructure projects, vast oil reserves and extremely productive diamond mines are some of the reasons why several African businessmen are becoming ultra-wealthy. With that wealth comes excess and often at the expense of the continents poor class. Today, we'll take a look at Africa's richest people and how they live. We'll also look at some of the most exorbitant purchases made by Africa's elite.
Africa is gaining billionaires at a rapid pace. There are now 18 billionaires living on the continent. That's down slightly from a peak of 23 billionaires in 2018. But up significantly since the year 2000.
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