8 Global Problems The Richest Black People Could Easily Solve
After featuring 16 black celebrities whose collective net worth is $10 billion, we thought it would be helpful to highlight several global problems that the money of the richest black people in the world could solve.
To make our experiment more exciting, to the initial $10 billion we added the net worth of Aliko Dangote, Mohammed Al-Amoudi, Mike Adenuga, Patrice Motsepe, Isabel dos Santos, Mo Ibrahim and Michael Lee-Chin – all black billionaires and citizens of countries ranging from Nigeria to Jamaica, according to Forbes 2013 list.
These 23 super-rich black men and women together have a grand total net worth of $50.1 billion.
Below are eight major problems that their money could solve.
Provide Black College Students in the United States With Full Scholarships
The cost of tuition for every African-American college student would be approximately $19 billion . That means the 23 wealthy black people could provide full scholarships for every black student two times over.
[SO THAT IS $19 BILLION DOLLARS THAT COULD BE GOING TO HBCUs]
After it was completely devastated by a massive earthquake in 2010, analysts estimated that it would cost $14 billion to fully rebuild Haiti’s infrastructure. The 23 richest black people in the world could do this with a little over 25 percent of their collective net worth.
Check out the video below on what our money could do for our people.
Solve The Water Crisis In Africa
According to the United Nations, it would cost roughly $9 billion to provide clean and sanitize water for the sub-Saharan African nations, where nearly a billion people lack access to clean water.
The cost to achieve this goal is less than Americans spend on pet food, reports givingwhatwecan.org.
Provide Basic Nutrition and Medicine to Underprivileged African People
With 450 million people living on less than $1.25 per day, it would cost only $13 billion to provide basic nutrition and health care for the millions of Africans in need, according to the United Nations.
Pay Off A Quarter of All African Debt
It would cost $200 billion to pay off the external debt of every African nation once and for all. The 23 richest black people could pay off 25 percent of that debt. Without huge debts to stagnate them, these countries could use their money to reinvest in building roads, schools, hospitals, factories, farms and other infrastructure.
Basic Education For All
Most people living in poverty do not have access to food and water, much less education. But with a cost of just $6 billion according to the United Nations, the richest black people could pay for the world’s poorest people to have basic education more than eight times over.
Provide Electricity to 15 Percent of Sub-Saharan Africa
Electricity is a major need in sub-Saharan Africa, and it is estimated that the region will need investments of $300 billion to provide power, according to cnn.com. U.S. President Obama recently pledged $7 billion dollars to the cause, but the richest black people could instantly bring light to 15 percent of Africa.
Eliminate the Health Care Disparity for African-Americans
According to a report from the National Urban League, African-Americans paid an additional $45 billion in health care spending costs last year, more than any other ethnicity in the United States. This disparity is due to the large numbers of African-Americans who don’t have access to affordable healthcare.
The richest black people in the world could pay the money to close that gap and still have $5 billion left over. Closing that gap would not only be a huge relief to the black people who currently foot that bill, but would also help to make the health care system more efficient for our people.