Elon Musk loses $100 billion as SpaceX shares tumble
Elon Musk has lost close to $100 billion in paper wealth in days as SpaceX shares tumbled more than 26 percent from their post-IPO peak.
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Eddie Murphy's $200 million fortune is built on franchises, Donkey and a very long memory
Eddie Murphy went from $4,500 per SNL episode at 19 to a $200 million fortune built on Beverly Hills Cop, Shrek's Donkey, a $70 million Netflix deal and the AFI Life Achievement Award.
Michael B. Jordan owns a Premier League club but can't sell his $12.5M mansion
Michael B. Jordan can't sell his $12.5 million Encino mansion. His most valuable real estate is the Premier League stadium his club just bought back.
Othman Benjelloun leads five Moroccan groups onto Forbes' top 100 Arab family businesses list
Othman Benjelloun's O Capital Group ranked 21st on Forbes Middle East's 2026 Arab family business list as Morocco set a new record with five entries.
Diamond heir Nicky Oppenheimer moves to Africa's fourth-richest as Forbes 2026 ranking reshuffles the top tier
Diamond heir Nicky Oppenheimer has moved to Africa's fourth-richest, worth about $10.6 billion, as the 2026 Forbes list reshuffles the continent's wealthiest.
Usher turned a teenager's audition tape into a $180 million empire spanning music and sports
Usher turned a teenage audition for L.A. Reid into a $180 million empire spanning music, a co-founded record label, a Cleveland Cavaliers stake and the most-watched Super Bowl halftime show ever.
Egypt's Hassan Allam wins $727 million Waldorf Astoria Diriyah deal
Egypt's Hassan Allam Holding has won a $727 million contract to build the Waldorf Astoria Hotel and mixed-use superblock at Saudi Arabia's Diriyah giga-project.
Datatec founder Jens Montanana to pocket $79.5 million as company announces R7.1 billion special dividend
Datatec has announced a R7.1 billion ($434.5 million) special dividend following a refinancing deal with General Atlantic, with founder and CEO Jens Montanana set to pocket R1.3 billion.
African Wealth Briefing — Mon., June 22, 2026
Africa's richest man tells Forbes it has him wrong — his refinery alone, he says, is worth $40 billion. Rupert's Richemont posts a record year, with one big caveat named China.
Africa's richest man says Forbes is underestimating his fortune. His refinery alone, he says, is worth $40 billion.
Aliko Dangote has pushed back on Forbes' estimate of his net worth, saying his oil refinery alone is worth more than $40 billion.
Billionaire Johann Rupert's Richemont posted its strongest year on record but China remains its biggest vulnerability
Johann Rupert's Richemont posted record sales of €22.4 billion in fiscal 2026 but analysts warn China's ongoing luxury slowdown remains the group's most significant structural vulnerability.
Congo's richest oil trader Willy Etoka marries President Denis Sassou Nguesso's daughter
Congolese businessman Willy Etoka has married Claudia Sassou Nguesso, daughter of Republic of Congo President Denis Sassou Nguesso, in a ceremony held in Brazzaville.
African Wealth Briefing — Sat., June 20, 2026
Femi Otedola tightens his grip on FirstHoldCo to 20.42%. The first cracks appear in the Musk trillionaire story as SpaceX slides.
Cameroonian banking billionaire Paul Fokam launches Africa Diamond Invest securities firm in Togo
Cameroonian billionaire Paul Kammogne Fokam's Afriland First Holding has launched Africa Diamond Invest, a new securities firm targeting West African financial markets from a Lomé base.
Nigerian billionaire Ladi Jadesimi will pocket $5.5 million from Aradel Holdings as the company posts its most profitable year ever
Ladi Jadesimi's 5.27 percent stake in Aradel Holdings will earn him N7.5 billion in total dividends for 2025 after the company posted record profits.
Nigerian energy group Aradel Holdings posts $552 million profit in 2025
Aradel Holdings has posted N757.3 billion profit after tax for FY 2025, up 192%, as landmark acquisitions fundamentally reset the scale of Nigeria's leading indigenous energy group.