American billionaire Eric Schmidt's daughter to close $60 million tech news site
Rest of World, the global tech news site founded by Eric Schmidt's daughter Sophie, will stop publishing as a standalone outlet in January.
Kenyan healthcare tycoon Jayesh Saini cleared to take control of Africa Business Corporation
Jayesh Saini, the Kenyan businessman behind Lifecare Hospitals and Bliss Healthcare, has won approval to take sole control of Africa Business Corporation and Development.
Egyptian billionaire Hassan Allam’s group expands EastHills with $500 million construction contract
Egyptian billionaire Hassan Allam’s group has awarded its construction arm an additional $500 million in works for Phase II of Grova EastHills, taking the project’s combined construction contracts above $1 billion.
Kanye West's Jakarta concert generated $25 million, governor says
Kanye West's first concert in Indonesia drew about 30,000 foreign fans and generated roughly $25 million for Jakarta, the city's governor says.
Singaporean billionaire Peter Lim sells 42% of Valencia, valuing club at $1.4 billion
Peter Lim's Meriton Holdings is selling up to 42% of Valencia CF to Pitchwise, a group backed by KKR founders George Roberts and Henry Kravis.
American hedge fund billionaire Bill Ackman predicts a $1 trillion Israeli company
Pershing Square founder Bill Ackman says artificial intelligence will help Israel produce a $1 trillion company and he is still looking to invest more.
American billionaire Elon Musk offered free internet to 2.4 million South African students
The US ambassador to South Africa says Elon Musk offered schools free Starlink internet but refused the government's demand for 30% local ownership.
Africa's richest man nearly walked away from $327 million Kenya pipeline deal
Aliko Dangote threatened to walk away from his Kenya Pipeline stake purchase over a gap of 46 Kenyan cents a share, people involved said.
Indian billionaire Joy Alukkas unveils record 16.5kg gold earrings in Dubai
Jeweller Joy Alukkas unveiled a 16.5-kilogram pair of gold earrings in Dubai, winning Guinness World Records titles for the heaviest and largest pair ever made.
Australian fashion tycoons Georgia and Daniel Contos buy $61 million Sydney warehouse
Georgia and Daniel Contos, who built White Fox from an eBay store into a global fashion label, have bought a A$87 million Sydney warehouse.
Billionaire Austin McChord wins approval for $410 million Connecticut park
Datto founder Austin McChord and his wife, Allison, won a unanimous vote for their $410 million plan to turn a power plant into a park.
American billionaire Elon Musk could avoid $2.6 billion in taxes with SpaceX gift
Elon Musk's promise to give a SpaceX share to every American child could spare him about $2.6 billion in capital gains tax, economists say.
Indian billionaire Mukesh Ambani's Jio draws record $77 billion in IPO bids
Jio Platforms, the telecom and digital arm of Mukesh Ambani's Reliance Industries, drew more than $77 billion in bids before its Oct. 28 market debut.
South African billionaire Christo Wiese’s Shoprite in banking talks with Investec
Shoprite, the grocer in which billionaire Christo Wiese owns about 10%, is in talks with Investec on a partnership to power its financial services push.
British racing star Lewis Hamilton, 41, says Rwanda Grand Prix will delay retirement
Seven-time Formula One champion Lewis Hamilton says Rwanda's new Grand Prix, due in the early 2030s, means he must keep racing for longer.
British billionaire Mike Ashley's Frasers takes control of Hugo Boss with 50% stake
Frasers Group, the retailer controlled by British billionaire Mike Ashley, has lifted its Hugo Boss stake above 50%, taking control of the German fashion brand.