BBC World News Changing Fortunes Meets The Millionaire Entrepreneurs Of Brazil & Africa Episode Two – Sitting On A Gold Mine
BBC World News' new series Changing Fortunes continues next month (February) exploring how entrepreneurs across Brazil, Africa and Russia have benefitted from China's success.
Changing Fortunes is a new six part series by BBC World News, exploring the new patterns of wealth that have emerged over the last two decades. The fall of the Soviet Union, the liberalization of India and the opening of China have brought vast new markets into the global economy. The resulting commodities boom has created an explosion of wealth and the rapid development of the internet continues to generate new fortunes.
From the United States, to Brazil, Europe, Africa, India and China - the series meets some of the innovators, entrepreneurs and business success stories whose fortunes offer a window into our rapidly changing world.
Episode two, Sitting on a Gold Mine, (to be broadcast from 9th February) examines how China's insatiable appetite for resources has driven up the prices for raw material, producing a boom for commodity rich countries such as Brazil, Russia and many in Africa.
Known as the King of African Oil, Wale Tinubu is the founder and CEO of the oil conglomerate Oando Group. The quiet commodities magnate started out with just a single second-hand oil tanker but now heads a multi-million dollar enterprise that is one of Africa's largest energy companies.
He was named a Young Global Leader by the World Economic Forum in 2007 and was selected in 2010 as Business Leader of the Year at the African Business Awards. He has appeared in the Forbes list of 'The 10 greatest living business leaders in Africa today'.
The son of a business man and an artist, Bernardo Paz is considered one of Brazil's leading lights. Having created a business empire out of iron ore Paz decided to move on to something completely different. In 2010, he sold part of his Iron ore company and pig iron producer Itaminas, for an estimated 1.2 billion dollars to help fund Inhotim, his contemporary art complex and botanical gardens in the hills of southeast Brazil.
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Changing Fortunes, broadcast in association with Coutts, will TX weekly on BBC World News from 2 Feb on Saturdays at 01.30; 15:30, and Sundays at 09:30; 20:30 (all times GMT).