Karl-Anthony Towns built a $100 million fortune and New York is only making him richer
Karl-Anthony Towns proposed to Jordyn Woods atop the Empire State Building on Christmas Day. The $100 million empire he built getting him there is the real story.
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De'Aaron Fox signed a $229 million Spurs deal and is just getting started building his empire
De'Aaron Fox secured a $229 million San Antonio Spurs extension in August 2025 and is building a commercial empire as fast as he plays the game.
Newmont CEO Natascha Viljoen sells $409,000 in shares as gold stock trades near all-time highs
Newmont Corporation CEO Natascha Viljoen sold 3,882 shares worth $409,000 on June 1 under a prearranged trading plan as gold stock trades near record highs.
African Wealth Briefing — Thurs., June 4, 2026
Patrice Motsepe weighs walking away from CAF to chase South Africa's presidency. Morocco's palace quietly plans for life after Othman Benjelloun at Bank of Africa.
Billionaire Patrice Motsepe may quit CAF to chase South Africa's presidency and football is watching nervously
Fresh uncertainty surrounds Patrice Motsepe's leadership of CAF as speculation grows that the South African billionaire may exit the presidency ahead of his 2029 mandate.
Algeria's jailed auto billionaire Mahieddine Tahkout gets 10 more years and loses everything he owns
Algeria's financial crimes tribunal has sentenced jailed tycoon Mahieddine Tahkout to 10 years in prison and ordered the confiscation of all his assets worldwide.
Cameroon Media mogul Amougou Belinga goes on trial for the murder of a journalist he wanted silenced
Cameroonian media mogul Jean-Pierre Amougou Belinga is facing trial for allegedly ordering the kidnapping and murder of radio journalist Martinez Zogo in January 2023.
Morocco's palace is quietly planning for life after billionaire Othman Benjelloun at Bank of Africa
Othman Benjelloun built Morocco's Bank of Africa into a 32-country pan-African giant. At 93, the question of who leads it next is no longer avoidable.
Kenya's wealthy Kenyatta and Ndegwa families stand to pocket $170 million from the Nedbank NCBA takeover
Kenya's powerful Kenyatta and Ndegwa families stand to receive over $170 million in combined cash and stock from the Nedbank takeover of NCBA Group.
Jay-Z is getting a major Grammy honour and the Recording Academy is calling him an entrepreneur first
The Recording Academy has announced a major Grammy honour for Jay-Z, the 21-time winner and billionaire entrepreneur who built Roc Nation into a global empire.
Cameroonian heirs Gilbert and Nicole Kadji are pushing their late father's $205 million beverage empire into West Africa
Seven years after their father's death, Gilbert and Nicole Kadji are expanding Cameroon's Kadji Group into West Africa with a bold new canned beverage push.
Zimbabwean tycoon Kudakwashe Tagwirei named as alleged $31 million bribery fund financier
Retired Zimbabwean generals have warned President Mnangagwa against a third term bid and named billionaire Kudakwashe Tagwirei as the alleged source of a $31 million fund to bribe MPs.
Access Holdings, led by Aigboje Aig-Imoukhuede, lands $500 million IFC facility to scale local currency lending
Access Holdings has secured a $500 million International Finance Corporation deal to boost local currency financing across its banking network spanning more than 20 African countries.
Kenya's Moi family business empire is under strain as relations with President Ruto sour again
Gideon Moi's family business empire is under renewed pressure as a short-lived political rapprochement with President William Ruto shows signs of breaking down.
NESTOIL LIMITED – in receivership receiver/manager’s press release
Nigeria's court-appointed receiver says the Supreme Court ruling does not end the receivership over Nestoil and Neconde Energy, warning the public against unauthorised dealings.
Congolese billionaire Paul Obambi wants a century-old price tool back to fix Brazzaville's market chaos
Brazzaville Chamber of Commerce president Paul Obambi is demanding the revival of a century-old price reference tool to end market speculation in Congo.