South Africa, Nigeria to Lose 900 Millionaires to Migration in 2024 | Firstpost Africa
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- Опубліковано 15 гру 2024
- South Africa, Nigeria to Lose 900 Millionaires to Migration in 2024 | Firstpost Africa
Despite wealth disparity being a hot-button issue across Africa, a report says the continent's millionaire population is set to increase by 65% in the next decade. Over half of Africa's millionaires and 90% of its billionaires live in just five countries: South Africa, Egypt, Nigeria, Kenya and Morocco. But many of these millionaires are migrating. They do not want to live in Africa anymore. While the number of millionaires across Africa is increasing, so is their outflow. According to Africa Wealth Report 2024, around 900 millionaires are projected to migrate to another country. Why are Africa's rich migrating? What are the top destinations for these millionaires who are migrating? Watch this video for details.
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They can no longer rip off the continent.
this is not the case at all, this is actually a very bad sign
Never you had a good news about Africa from the this channel 😢
Can you suggest one here?
U think indians love any African? They practise caste system which is flawed. They have already accepted that those caucasians we crawled out of their caucasus caves are more superior followed by those fair in colour in Indian like the news caster.
Guess the lies they told those who have african skin.
That they are superior to anyone from Africa.
Awon weere people.
Must they lie?
@@Mabuabolobathabait's not about lying. India has some big national exam leak scandal, but first post and Wion is here, buzy with Africa. On the other hand, there is no such thing as a country or continent having negative / bad stories only.
It’s western propaganda channel
They don't want to play by the rules. Let them leave. We will build the continent.
without them
Typing faster than you think
Who are the WE 😂
Those whom leaving Africa are the crooks whom work with coloniser.
@@adegboyegaabass-aleshinloy7497 Those who are committed to building their countries in Africa rather than run away. They are the patriotic investors.
I am an African.. but the politicians in Africa are stupid..
Why? If you follow tgem or allow them to control you?
@@alickak8346 exactly. Because the European leaders are manipulating them with promises that they can never executed.
We shall continue to rise ✊
I'm still here as a billionaire, in Ghana so no problem
Let them go
Millionaires and Billionaires are not leaving Africa. In fact they are flocking to Africa. I know this because my boots are on the ground in Africa.
Meanwhile about 4,300 Indian Millionaires will leave India in 2024 which your channel will never show. 😂😂😂
They need to be closer to their masters and it's becoming difficult to fleece Africa.
Millionaires are leaving the UK too
We will make more millionaires like we always do.
The millionaires that move from South Africa were passing by. There do not originate from RSA.
The millionaire in the USA didn't originate from USA
Doesn’t India itself lose more than 3000 millionaires annually?😂😂
So many people being aggressive and saying..let them leave! This is a huge problem for the continent and will have a massive impact on business and the work force. Is it due to crime? Uncertainty? Just greed and corruption? We will never know BUT i can almost assure you that the violence in South Africa is one of the main reasons. Yes say...let them leave...with a " we dont care" attitude. But stop, calm down and think about the thousands who will be left behind to live in this mess
Yes the real issues
Thousands of millionaires LIVING in a COUNTRY with millions of POVERTY STRICKEN PEOPLE.MAYBE WE NEED FEWER MILLIONAIRES AND MORE ORDINARY PEOPLE LIVING REGULAR LIVES.
@@Sunnybwoy47because ordinary people make businesses. Weather you like it or not the rich create jobs which make your so called ordinary people
@@Sunnybwoy47but millionaires have or launch business that provide employment if they close there business or move them this means no jobs no employment increased poverty
If these investors were ALURISTIC ( DANGOTE) there would not be so MUCH POVERTY in their COUNTRIES. Africa surely NEEDS investors but just those who come or STAY in the country with a more PATRIOTIC CONSCIENCE. E
We don't want these PARASITES. Let them go to Europe and USA. Surely in Europe and USA they have to be HONEST ( competitive) to make their money.
Blood money & now they’re running away
Ahhhhhh!!!!
As long as they don't take our land with them
Regarding RSA, they are running away with ill begotten monies.
Let them leave!
i taught it was abahambe why a change😀
@@oswaldsbevewalt What?
@@Freedom20255 if you don't understand it's fine never mind, ciao have a nice day
Africa should start the same immigration procedure as in Europe.
Zim also lost its Billionares 😢
Crime is the biggest factor.
These countries are under clueless leaders .
They tax them highly for welfare instead of increasing infrastructure and business opportunities
High crime rate is the cause. Also economics instability. A lot of my friends has left
Great , don't block the doors on your way out so others can trade with Africa . Since the 1800 it's the same rhetoric . I . 4 billion criminals so you mean ? . Tired of the fake evil projection. Looters won't be missed.
Our Lady of Africa
The Blessed Virgin Mary
She left too....years ago
Once they will leave AFRICA 🌍 WILL BECOME AMERICA 🇺🇸
Instead of the African millionaires creating jobs and building Africa. They are using excuses to run away
They are correct, I wish they can leave with their GARDENERS PLEASE
This is only good for Africa to lose its rich because it allows growth for the poor.
That's not at all how it works but the pain must be so bad that I thought I'd cheer you all up for a second.
Savage
Why you are taking negative about Africa always
God bless mama africà love you mama africà
I don't know why it should be those issues you mentioned that cause millionaires to leave the country, why don't they use those millions and billions to help sove those problems or issues instead of running away, otherwise what is the use of being billionaire or millionaire? Selfish?
You cant blame them
The government is moving mad and failing so bad
Its better they must leave
There are other policies, the depreciation of currency is very big concern for high networth individual, for eg Nigerian currency lost 2/3rds of it's value in 1 year. so many millionaires who bought shares in Nigerian company, even if the shares give very good return but due to currency depreciation they lost so much of money. So they would take their investment where it's stable
@vershima69 I think people who cause madness in government are millionaires and billionaire because often times are the ones who use money to influence government and such influence is often not in the interest of the country.
Would you use your money to help the country
@@gillbersth6853 in Nigeria the billionaires and the politicians are literally the same people
The people leaving are not those people
Abaham…
😅🤐sorry, just couldn’t resist.🙈
Human life is not dependent on millions of capital gains but God's special grace. A mans life consists not in the abundance of things he or she has.
Why not try and correct the problem causing people to leave, rather than "let them leave" talk and falling lower economically. Sucessful counties work hard to attract and retain wealth, and it works. The mere fact of living a wealthy life means spending large amounts of money and paying taxes. This certainly is more assets the country would have if they don't leave. It's addition, not subtraction you want.
Good Riddance 👏🏾👏🏾👏🏾
Nigeria has 3 times that number of millionaires, centi-millionaires, and billionaires.
and 5 times population ..so its not really much as you make it.
The La Grange multiplier
Largest economy Nigeria
Africa wealth is projected to grow over 6% imf said all countries economic growth has stable for the first time since 2020 where are you ppl getting your reports
the problem with nigeria is the political landscape..it has almost 5 times population of next country.. the biggest brain drain in africa is from nigeria..only few like dangote are trying
projection is not reality, just an assumption!
I don't see that as problem at all, it's only natural. They are joining other rich people expanding their reach going into countries that are know to be good business they want to get richer that's why. But don't be fooled they all have a strong link to their respective countries where they come from. They come back to do some great work in Africa. But it you're multi millionaire in Africa and you want be a billionaire you surely need to associate your self with other billionaire
because africa is waking up to the BS
They should move to burkina faso
Most of them are middle class in the WEST let them leave
middle class worth $100 million
@@shadreckdangaphotography yes, upper middle class
Millionaire in dollars not home country currency 😅
That's not true
but millionaires have or launch business that provide employment if they close their business or move them this means no jobs no employment increased poverty
BUY THEY COMPANY'S IS STILL IN AFRICA LAST TIME I CHECK 😂😂😂😂😂
Interesting. Let me not say why i have left.
Fake News I'm still here as a millionaires leaving in Nigeria too
Love how the comments section is filled with ignorance and mockery of the people driving their nations economically, escaping government assisted instability and backwardness through business unfriendly policies as those nations crash.
Should we be concerned?
VERY
definitely
Nah don’t . Colonialism uses propaganda
1 Timothy 6:9 But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition.
1 Timothy 6:10 For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.
Bye bye ,mooiloop ,ndlela nhle ,tsela tshweu. Its not like they're helping us either. In South Africa they're hogging their money and not investing it into the economy.
Come to Zimbabwe 🇿🇼
Your nation's learned from their past gaffes, I see. You're ahead of Africa in that regard.
Fake news just promoting those countries, I am a millionaire and enjoying Africa live in both Zimbabwe & SA.
Africa is sweet.
Nigerians will normally dispute this numbers of millionaires and billionaires in Nigeria. They will argue that Nigerians rich people usually hide their monies. So the number should be higher
Those are not south Africans 🇿🇦 majority is decent of British monarchy colonial DNA. We 🇿🇦 get R350
That’s because Hod is judging African president who has a bad attitude toward God
Silly.
Let be so we used to live without them let them live our country
The rich leaving is not a big deal , more will rise and industrialists still exist . Let them leave
They only going to Zimbabwe then S.A.
White propaganda is real
its true, our Zimbabwean Billionaire left for the UK
@@turnleft8645 Sad he did not go to Russia
Who are these millionaires did they call you and tell you that they millionaires or it is just your assumption. They can leave . At least the job position will be open.
It's an opportunity for new one's to emerge
You wish, but NOPE!
@First Post -- The LORD GOD Rebuke your report about South Africa, Nigerian Millionaires and Billionaires leaving Africa.
If you can not control and suppress their wealth, steal their millionaire s😢
🇯🇲🫵🏿👁️I saw you guys do South Africa dry then leave
They are smart they know, Africa is going from bad to worse...
Exactly, they must keep running towards their "garden" and they must never look back to the "jungle". They should end up in the" garden" or USA, hopefully Biden and the country at large will go from bad to better. As for the garden, I also hope that they move into a chapter that is even better than the current chapter they are experiencing at the moment.
It's because of stupid and selfish politicians
That's why Americans are leaving America!!!
they are not taking their facilities though! chill
WESTERN PROPAGANDA
Who Cares let's them leave we will rebuild our continent
Nigerians like making noises as if they’re leading in Africa…no Ghana ?
Do the so called fiat money rich people feed you ?
when they become poor they will come back.
kenya is not losing any millionaires..
Let them leave. Good riddance.
Big Dislike 👎 for continent Africa ...
Foolish people. God has blessed them in Africa but they want to take their wealth else where rather then helping their countries? What a shame.
You are lying 😊
She looks like an A.I reporter
I notice that
It seems they know something that the poor don't
I AGREE
Is this channel using A.I journalist
First the numbers of millionaires in Africa was false, absolutely nonsense, they are more millionaire than that small numbers you just making noise of it. Too much bla bla bla bla, absolutely nonsense. These crooks let them leave that will pave the ways of goodness son's of Africa who's nationalism & hard-working without collaborate with imperialism.
😮
But with the outflows of millionaires is leading to an inflow of foreign corporations and billionaires is some cases who command more power over governments and because a lot of leaders are not wise, they give in due to monies and other "promises" for investments which is by design as colonial governments favoured royal chartered corporations and later individual corporations to own factors of productions, given concessions to operate certain businesses and even direct economic affairs of which is still the case today!! We need innovative and creative ways in overcoming this exploitative economics as given the so called "Paris Climate" agreements, its a way to make a green re-entry on the continent most crucially as it has 60% of the world's remaining arable land, the world's youngest population and the world population being African in a matter of decades,etc, I think they are running out time over these concessions with some having reached or reaching their expiry dates.
No news here.
STOP LIED ABOUT AFRICA MY SISTER
You need to tell lies about your people. Make a video about those poor folks fleing Ukraine.
❤😊
This news report felt like a teacher is reading me a boring textbook
PROPAGANDA...
They can VOETSEK
😂
😂😂😂😂
@firstpost is she a deep fake
I believe if they leave it will give another people opportunity to become millionaire.
Fake news
Some of your calculations are incorrect. Nigeria has more millionaires and billionaires than your calculation.
Billionaire and millionaire in naira =R200 thousand=10 million naire
=R40 thousand=2 million naira
You see the deference your naire doesn't count it has no value at all
In Dollars not naira ..
@@reportthehype yes those who are appears are in dollars not in naira hes counting on nairas
@@reportthehype Black millionaires not white millionaires.
@@kabelothebe4350 they said black millioniares not white millionaires
Once they will leave AFRICA 🌍 WILL BECOME AMERICA 🇺🇸
It's an opportunity for new one's to emerge