American billionaire Elon Musk pledges $10.5 billion in SpaceX shares to US children
Elon Musk says he will give one of his SpaceX shares to every US child next year, worth about $10.5 billion in total.
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.
South African tycoon Ipeleng Mkhari's Gautrain consortium secures $540 million from Standard Bank
Standard Bank has underwritten R9 billion of debt for the consortium, backed by Ipeleng Mkhari’s Motseng, that now runs and will upgrade the Gautrain.
Nigerian insurance tycoon Akin Ogunbiyi’s stake in Mutual Benefits is worth $33 million
Akin Ogunbiyi started Mutual Benefits Assurance in 1995 with borrowed money. Three decades later, his stake in the listed insurer is worth $33 million.
Meet Glen Steward, the South African financier who just took his company to Nasdaq
South African financier Glen Steward talks about his farm childhood, his London years, taking Stewards Inc. to Nasdaq, and how African families should protect wealth.
British billionaire and Manchester United co-owner Jim Ratcliffe spends 74th birthday in Zimbabwe
Jim Ratcliffe, the Ineos founder and Manchester United co-owner, marked his 74th birthday with golf in Victoria Falls on an eight-day Zimbabwe holiday.
American billionaire filmmaker Tyler Perry buys $30 million Puerto Rico mansion
Tyler Perry has bought a $30 million Puerto Rico mansion months before moving to the island, where he plans to open a production office.
Indian billionaire Anil Agarwal completes $466 million expansion of South African zinc mine
President Cyril Ramaphosa opened the expansion of Anil Agarwal's Gamsberg zinc mine and pressed Vedanta to process more of the metal in South Africa.
Moroccan tycoon Lamia Tazi's Sothema wins approval for three cannabis epilepsy drugs
Sothema, the Moroccan drugmaker led by Lamia Tazi and controlled by its founding families, has won approval for three cannabis-based epilepsy medicines.
South African billionaire Koos Bekker cashes out $500 million to build luxury hotels
Koos Bekker's family trust has sold Naspers and Prosus shares worth about $500 million in three rounds since 2023, earmarking the money for his hotels.
Tanzanian billionaire Edha Nahdi's Amsons Group buys Oryx's Tanzania fuel business for $230 million
Edha Nahdi's Amsons Group has bought Oryx Energies' Tanzanian fuel business for $230 million, lifting its storage to 800,000 tons and stations to 300.
Indian billionaire Venu Srinivasan's wife and daughter challenge his wealth split
Venu Srinivasan says he fairly split his TVS businesses between his son and daughter. His wife and daughter say ownership of the wealth remains unresolved.
American billionaire Charles Ergen, Adelsons each gave $25 million for Trump's ballroom
Charles Ergen and the Adelson family each committed $25 million to President Trump's White House ballroom, the top amount given, according to donor records.
Late Italian billionaire Leonardo Del Vecchio's heirs weigh a bank-funded buyout
The holding company of the late Luxottica founder's eight heirs has sounded out banks about funding the purchase of one or more of their stakes.
Canadian billionaire Tobi Lutke's fortune jumps $5 billion despite voting backlash
The Shopify co-founder's net worth has climbed to $15 billion since July, even as his comments on voting rights and politics drew criticism at home.
South African billionaire Johann Rupert to collect $22.8 million in Remgro dividends
Rupert Beleggings, which holds Johann Rupert's controlling B shares in Remgro, is due R379.6 million when the investment group pays final and special dividends.
Elon Musk says SpaceX could top $100 trillion within 10 years as Tesla merger talk builds
Elon Musk says SpaceX could be worth more than $100 trillion within 10 years, as Barclays outlines a possible Tesla merger.