Top 10 Poorest Men In The World 2020

The famous poorest man in the world is Jerome Kerviel, former futures trader at Societe General, who gambled away investor’s funds to the tune of 4.9 billion Euros, putting a negative balance so deep that it looks impossible that he can ever repay the debt. But we can gain nothing from shaming him any further than what he has already suffered, neither can we benefit anything my looking for a list of men with the biggest negative balances.

Therefore, it is generally agreed that when making a list of the poorest men in the world, what is actually meant is a list of the poorest countries. This is the only list with some benefit; something from which we can learn, and so make our world better. 

So without wasting time any further, we now go to the top 10 poorest people in the world.

Top 10 Poorest Men In The World 2020

  • 1. Venezuela

Venezuela is a country in South America, specifically on the northern coast of South America. Venezuela is made up of a large land area on the South American continent, and many small islands and islets in the Caribbean Sea. The country has a population of about 28 million, and a land area of 916,445 km2.

Venezuela has huge petroleum deposits, and oil is very important to the economy. However, the communist country has suffered from economic troubles, and this has led to the rapid devaluation of the country’s currency.

There are reports of food shortages, and images of Venezuelans lining up at dumpsters in search of what to eat have been widely circulated in the media. In the interest of fair and balanced reporting, we must mention that some people have said that these reports are exaggerated. There are of course people eating out of dumpsters in almost every country in the world.

  • 2. Syria

Syria is a country in Western Asia. It is a vestige of an ancient civilization that was once dominant in its region. Syria has as neighbors the equally ancient country of Lebanon to the southwest, Turkey to the north, Iraq to the east, Jordan to the south, and also Israel to the southwest. Syria has a coast exposed to the Mediterranean Sea in the west.

 Syria has fertile plains that can make it land in which agriculture thrives, and its western coastlands can make it a hub for international trade between Europe and western Asia. However, the country has gone from political unrest to full-blown war. 

Apart from the insurgents and terror organizations, there is also a proxy war between America and Russia going on in Syria. Economic activities are at a standstill, and there is a danger of a humanitarian disaster on our hands.

  • 3. Burundi

Burundi is a landlocked country in East Africa. Burundi is bordered by Rwanda to the north, Tanzania to the east and southeast, and Burundi also has the Democratic Republic of the Congo to the west. As mentioned earlier, the country is landlocked but has some unique advantages.

Burundi is part of the Great Rift Valley and is also well watered by the African Great Lakes. That means that the country can have agricultural activities in full gear all year round. However, very little has been done to improve agriculture to the point when it can significantly boost the economy, putting the country on the economic map.

A great number of Burundians practice subsistent agriculture, and this is just not enough to give them a good quality of life.

  • 4. The Central African Republic

The Central African Republic is a country located in the heart of Africa. The country is landlocked, with Chad to the north, Sudan to the northeast. On the southern part, it has South Sudan to the southeast, the Democratic Republic of the Congo to the south. There is also the Republic of the Congo to the southwest. Some part of CAR also meets Cameroon to the west.

The CAR already had a lack of infrastructure, especially developmental efforts that could help boost agriculture and sustain the economy. That deficit has been worsened by the ongoing war since 2012, which has threatened the lives and livelihood of much of the 4.7 million people that call CAR their home.

  • 5. Congo DR

The Democratic Republic of the Congo, also known as DRC, or simply the Congo, is a large African country. The country is located in Central Africa. It is the largest country in sub-Saharan Africa by land area. It also the second-largest country in all of Africa. Furthermore, there are about 84 million people who call this country home.

 Since 2015, the Eastern part of the country has been mired in social and political unrest, and there is an ongoing military conflict in Kivu. This, and a host of other problems has led to a very high rate of economic hardship for the people of the Congo; they are one of the poorest in the world.

  • 6. Eritrea

Eritrea is a country in Eastern Africa. Its nearest neighbors are Sudan in the west, Ethiopia in the south, and Djibouti in the southeast. Eritrea has an extensive coastline in the northeastern and eastern parts that meets the Red Sea. Eritrea is one of the newest countries in the world; it recently gained independence from Ethiopia, after a long war.

This country is very young and very poor. It is yet to find its feet, and build on infrastructure to help it meet its needs. However, there is plenty of potential in agriculture, tourism, and hospitality.

  • 7. Niger

Niger, which is also alternatively called the Niger, the Republic of the Niger, or Niger Republic, is a country in West Africa. The country is landlocked but derives its name from the Niger River which flows through it. Niger shares borders with the North African country of Libya to the northeast, Chad to the east, Nigeria to the south, and still extends further south so as to meet the Benin Republic. There is still Mali to the north-west and Burkina Faso as its border neighbors

By land area, this is the biggest country in West Africa. Niger has abundant mineral deposits, and one of such minerals is uranium. This has made the Niger republic a beautiful bride in the eyes of several countries in the west. However, this has not translated to the betterment of the lives of the average citizens. They are still among the poorest in the world.

  • 8. Malawi

Malawi is another sub-Saharan African country. It is landlocked, and located in the South East of Africa, near Tanzania and Mozambique. Malawi spans over 118,484 km2 and has an estimated population of about 18,143,217. The land is well watered; Lake Malawi takes up about a third of Malawi’s area.

The potential in agriculture has not been developed; if only there was sustained effort to establish agriculture as an economic boost, it would go a long way to improve the quality of life. Malawi has the majority of its people living well below poverty.

  • 9. Mozambique

Mozambique is a country located in Southern Africa. Some of its neighbors are Tanzania, Malawi, Zambia, Zimbabwe, Eswatini (Swaziland) and South Africa. Mozambique meets the Indian Ocean. 

Mozambique has recently discovered huge mineral deposits, and is seeking foreign investments to exploit them. However, developing agriculture would have been a more sustainable, and environmentally friendly solution.

  • 10. Liberia

Liberia is a country on the West African coast. Its neighbors are Sierra Leone, Guinea, and Ivory Coast. On its southwest side, it meets the Atlantic Ocean. The country was established by America, as a home for many freed slaves.

Liberia produces gold and diamonds. The diamond rush fuelled a long and bloody war which will take some time for the country to recover from. Even though there is a lot of optimism that Liberia will rise from poverty, there is still a lot of poverty in the country today. 

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Closing On The Poorest Men In The World

Most of the poorest men in the world are from sub-Saharan Africa. This has been caused by several years of directionless government, social and political instability, and lawlessness. Africa remains blessed with arable land and can become the food capital of the world if properly harnessed. 

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