Money Moves January 15, 2020 at 01:00 pm

A few billionaires and millions of hungry people: These are Africa’s seven most unequal nations

Nii Ntreh January 15, 2020 at 01:00 pm

January 15, 2020 at 01:00 pm | Money Moves

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South Africa is the most unequal country in the world. Photo Credit: CNN

South Africa

South Africa is the most unequal country in the world. That is according to a World Bank report from 2019 that profiled wealth inequality in more than 120 countries.

The wealthiest South African homes are about a whopping 1000% richer than the poorest homes.

The country has more than 50,000 millionaires and a handful of billionaires, but almost a third of the 56 million people live in poverty.

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