Nigerian billionaire Mike Adenuga's Conoil proposes N2 dividend per share after profits fell 75% in 2025
Mike Adenuga's Conoil Plc has proposed a N2 per share dividend for 2025, down 43% from N3.50 in 2024, after profits fell 75% year-on-year.
Saudi-Ethiopian billionaire Mohammed Al Amoudi's MIDROC secures $80 million for Sheraton Addis upgrade
Mohammed Al-Amoudi's MIDROC Ethiopia has signed an $80 million IFC loan to refurbish the Sheraton Addis and build a second Sheraton hotel in Addis Ababa.
Rihanna could soon share Fenty Beauty with Jay-Z as his firm moves to buy out LVMH's $1 billion stake
Jay-Z's MarcyPen Capital Partners is actively pursuing LVMH's 50% stake in Rihanna's Fenty Beauty in a deal that could value the brand at up to $2 billion.
Ripple takes equity stake in Flutterwave at $3.3 billion valuation
Ripple has taken an equity stake in Flutterwave as part of a Series E funding round that values the African payments company at $3.3 billion.
Johann Rupert's net worth hit $19.9 billion and he has never been this close to $20 billion
Johann Rupert's net worth reached $19.9 billion on June 15, 2026, the highest it has ever been, as Richemont shares continued their powerful rally.
Anthony Joshua built a $150 million fortune from boxing and is now betting on DAZN, Alpine F1 and real estate
Anthony Joshua built a $150 million fortune from boxing, DAZN equity, Alpine F1 and endorsements worth $15 million annually.
Steve Harvey slept in his car for three years and built a $200 million empire from that Ford Tempo
Steve Harvey lived in his 1976 Ford Tempo for three years and built a $200 million media empire that earns him $45 million annually.
Lionel Richie filed four trademarks on his own voice to stop AI from cloning it without permission
Lionel Richie has filed four trademark applications on his voice to stop AI platforms from cloning it without his permission or compensation.
NBA champions New York Knicks are paying their roster $211 million and Karl-Anthony Towns leads at $53 million
The NBA champion New York Knicks carry a $211.7 million payroll, second highest in the league, led by Karl-Anthony Towns at $53.1 million this season.
Idrissa Nassa's Coris Holding raises its stake in Cape Verde's biggest bank to 62.25%
Idrissa Nassa's Coris Holding has raised its stake in Cape Verde's biggest bank to 62.25% after completing a mandatory public acquisition offer targeting minority shareholders.
South African fashion tycoon Michael Lewis just bought $5 million of stock in his own retail empire
TFG non-executive chairman Michael Lewis has bought R83 million ($5 million) worth of shares in the South African retail group, nearly doubling his personal stake.
Diana Ross built a $250 million fortune across six decades and at 81 she is still touring
Diana Ross built a $250 million fortune across six decades of music, film, real estate and catalog royalties, and at 81 she is still performing.
John W. Rogers Jr. bought $263,700 worth of Ryan Specialty shares as the stock fell 54% in a year
Ariel Investments co-CEO John W. Rogers Jr. made a $263,700 insider purchase in Ryan Specialty on June 10 as the stock trades near a one-year low.
Dangote Refinery raises $1 billion at $39 billion valuation ahead of IPO
Dangote Petroleum Refinery is raising $1 billion through a private placement at a $39.1 billion valuation with demand already exceeding $2 billion ahead of its pan-African IPO.
Junior Bridgeman turned a $350,000 NBA salary into a $600 million empire built on fast food and Coca-Cola
Junior Bridgeman earned a modest NBA salary and retired worth $600 million, building one of the most unlikely business empires in American sports history.
Ghanaian waste management tycoon Joseph Siaw Agyepong's Jospong now operates in 29 African countries
Joseph Siaw Agyepong's Jospong Group has expanded its waste management operations into 29 African countries, employing 10,000 people directly and creating 250,000 indirect jobs.