Gautam Adani was the richest person in India with a wealth amounting to over ** trillion Indian rupees. This was a ** percent increase over last year. Mukesh Ambani slipped to the second position with wealth worth over ** trillion Indian rupees. It’s a man’s world Gender pay gap is a global issue, so it comes as no surprise that women did not feature on the *** richest Indians list. Considering the renewed sense of the empowerment of women within the country, the business and economic sectors have witnessed a growing trend in female leadership. Gender gap in economic participation Forbes India rich list for women consisted mostly of women who acquired their fortune either from inheritance, divorce or a wealthy husband. According to the World Economic Forum’s report on global gender pay gap, the gap in economic participation and opportunity was closed by ** percent across all countries. Although the richest men and women may not be directly affected by these indexes, it still speaks for the scarcity of rich women in the world.

As of January 2024, Johann Rupert and his family are the richest people in South Africa with a net worth of 11.1 billion U.S. dollars. The Rupert family are ranked at 216 globally and are the second richest people in Africa after Nigerian billionaire, Aliko Dangote, reclaimed the title. Rupert's net worth dropped by seven million U.S. dollars from 2023, mainly due to a decline in the market value of luxury goods company Richemont, where he owns an estimated 9.14 percent stake. Nicky Oppenheimer and his family placed as the second richest in South Africa, with a net worth of 9.5 billion U.S. dollars and ranking at 276 worldwide. Their net worth source was mostly founded via the diamond market. They were followed by Koos Bekker, the chairman of media group Naspers, with 3.1 billion U.S. dollars who placed 1,133 globally. Patrice Motsepe, the first black African on the Forbes list and founder of African Rainbow Minerals, ranked 1,140 out of the global billionaires list, with a net worth of three billion U.S. dollars. Where does the wealth reside in the continent? The three largest economies on the continent in terms of Gross Domestic Product (GDP), namely Nigeria, Egypt, and South Africa saw the highest concentration of private wealth, with South Africa ranking first when it came to private wealth. In fact, out of Africa’s 20 wealthiest families and individuals, 14 of them were from these economies. Since 2010, the number of high net worth individuals on the continent fluctuated peaking at 148 individuals in 2017 and reaching its lowest in 2020 at 125. High net worth individuals are people whose net assets exceed one million U.S. dollars. On the other hand, South Africa suffered from severe income inequality ranking as the most unequal country in the world with a Gini index of 0.63 points.