Four African billionaires including Tanzania’s business mogul Mohamed Dewji are among wealthy individuals worldwide who have made pledges to dedicate a significant portion of their fortunes to charitable causes.
The giving pledge is a brainchild of Bill Gates and Warren Buffett started in 2010 with the aim to inspire billionaires around the world to donate at least half of their wealth either during their lifetimes or in their wills.
It is however important to note that the giving pledge is simply a moral commitment and not legally binding.
The way it works is that s participants are encouraged to publicly share their commitment to inspiring others to engage in philanthropy.
The Four African billionaires giving pledge Out of the 241 billionaires worldwide who have signed the pledge include Patrice Motsepe, Mohammed Ibrahim, Mohammed Dewji, and Strive Masiyiwa are from Africa.
Checks by Legit.ng shows that as of Tuesday, June 20, 2023, the four billionaires have a combined net worth of $7.2 billion (equivalent to over N5 trillion using an exchange rate of N750).
Patrice Motsepe is a South African billionaire with investments in mining and sports. He is the first African to feature in the Forbes World Billionaires ranking but he is currently ranked 1213 as of Tuesday, June 20, 2023 with a net worth of $2.6 billion.
Mohammed Ibrahim another African billionaire in the list a from Sudan and also has British passport. He made his money from telecom business. Forbes ranks him as the 2414 richest man in the worth with a net worth of over $1.2 billion.
Mohammed Dewji, the 1953 richest man in the world is from Tanzania who made his billions through telecommunications. Dewji is currently worth over $1.5 billion as at Tuesday, June 20.
Strive Masiyiwa is a London-based Zimbabwean billionaire who amassed his wealth from Telecommunication and Agriculture. Forbes ranks him as the 1,673rd richest person in the world with a net worth of $1.8 billion.
List of 10 richest men in Africa as Dangote loses position to South African
Meanwhile, in another report, Legit.ng revealed that Aliko Dangote has lost his position as Africa richest man to South African billionaire Johann Rupert.
Rupert overtook Dangote following the decision of the Central Bank of Nigeria to float the Naira, which seriously affected the value of the Nigerian currency Aliko Dangote has occupied the number one position as Africa’s top billionaire for the past 10 years.