6 companies in Lo Toney's portfolio that show how he's reshaping venture capital
Lo Toney built Plexo Capital out of Google Ventures and now holds stakes in some of the most consequential companies in tech and media.
Dorcas Adeodun
News Reporter
Dorcas Adeodun is a journalist covering finance, public policy, and economic development. She has more than five years of reporting experience and has worked across business reporting and institutional analysis.
Meet Kenneth Saffold, the Morehouse and Wharton graduate who built a $400 million investment firm
Kenneth Saffold went from Goldman Sachs analyst to BlackRock managing director, then bet everything on a firm he built from scratch.
Nigeria owes its most powerful businesspeople billions and is now trying to pay them back with a N3.3 trillion bond backed by the state
Nigeria's N3.3 trillion power sector debt settlement puts the Tinubu government in the awkward position of owing billions to the country's most powerful private investors.
Ibrahim Mahama's Engineers and Planners wins competitive tender for Ghana's Damang gold mine after Gold Fields' 30-year tenure ends
Ghana has awarded the Damang gold mine lease to Ibrahim Mahama's Engineers and Planners after the firm scored highest in a 4-company competitive tender, beating out three rivals.
Inside the companies Damien Dwin built after Goldman Sachs, Credit Suisse and a $6 billion firm
Damien Dwin built two major investment firms before turning 50. Here are the companies and platforms he controls today.
Meet Jackie Aina, the Nigerian-American soldier who built a multimillion-dollar beauty empire by refusing to let the industry ignore dark skin
Jackie Aina left the US Army, launched a YouTube channel, and built FORVR Mood into a multimillion-dollar beauty empire by championing women with darker skin.
Ray Whiteman walked away from Carlyle and turned $870 million into a $3.9 billion empire
Ray Whiteman left one of the world's most powerful private equity firms to build something entirely his own.
LeBron James fired his agent at 20 and built a $1 billion business empire by choosing equity over endorsements
LeBron James fired his agent at 20 and built LRMR Ventures with 3 childhood friends from Akron, creating a $1 billion business empire built on equity over endorsements.
The Shade Room founder Angelica Nwandu turned down $100 million offers to sell during election season to protect her 28 million Black followers
The Shade Room founder Angelica Nwandu has turned down $100 million-plus offers to sell her platform, refusing to hand over influence over 28 million Black followers to political buyers.
Meet Dr. Laurence Morse, the economist who built a $10.8 billion private equity empire from scratch
Dr. Laurence Morse turned a two-person startup in Connecticut into one of America's largest Black-owned private equity firms managing $10.8 billion.
5 companies owned by Mellody Hobson, one of the most powerful women in American finance
Mellody Hobson runs an empire that stretches from Wall Street boardrooms to NFL ownership suites and the fast-growing women's sports market.
Nigerian gambling magnate Kessington Adebutu to pocket N14.8 billion in Wema Bank dividends
Premier Lotto founder Kessington Adebutu will collect N14.84 billion in gross dividends from Wema Bank after the lender posted record profit before tax of N222 billion in 2025.
Nigerian tycoon Kessington Adebutu's Wema Bank stake is now worth N314.6 billion
Kessington Adebutu's 11.87 billion Wema Bank shares are now worth N314.63 billion, equivalent to $224.74 million, as the lender's share price rises to N26.50.
Wale Tinubu's Oando PLC signs production sharing contract for Angola's Block KON-13
Oando PLC has signed a production sharing contract for Angola's Block KON-13, marking the Nigerian energy group's first move into the Angolan upstream oil market.
Meet David Grain, the Brooklyn postal worker's son who built a $2.5 billion telecom empire and joined the Forbes billionaire list in 2026
David Grain grew up in Brooklyn watching his father build a trucking business and went on to build a $6.7 billion telecom private equity empire.
Meet Nigerian businessman David Olurin, the quiet architect of Africa's commodity future
Nigerian businessman David Olurin is quietly building Cardinal Torch into a force in African commodities, linking local agricultural value chains to global capital and trade.