Chinese billionaire Robin Zeng loses $14.9 billion as CATL shares tumble
CATL founder Robin Zeng has lost $14.9 billion since March after the world's biggest battery maker reported its slowest profit growth in months.
American billionaire Carl Icahn sells former Trump casino site for $6.6 million
Carl Icahn has sold the 10-acre former Trump Plaza site in Atlantic City to George Norcross, ending his last link to Donald Trump's casinos.
American billionaire Elon Musk becomes biggest US political donor with $446 million
Elon Musk has spent $446 million of his own money on the 2026 midterms, nearly three times the next-biggest donors, the Uihlein family.
Ackerman family’s supermarket giant Pick n Pay scraps pay cuts for 22,000 workers
Pick n Pay, built by the Ackerman family, dropped a plan to cut pay and benefits for 22,000 store workers and expects a narrower loss.
Indian billionaire Gautam Adani’s Adani Power reports 134% rise in quarterly profit
Adani Power’s Q2 net profit climbed 134% to ₹69.19 billion as stronger electricity demand and one off gains boosted earnings.
Kenyan betting tycoon Ronald Karauri's insurance bet grabs 25% of minibus market
First HoldCo, the FirstBank parent chaired by billionaire Femi Otedola, grew nine-month pre-tax profit 61% to 911 billion naira on strong fee and trading income.
Nigerian billionaire Aliko Dangote’s refinery IPO could boost active investors fivefold, NGX Group CEO says
Aliko Dangote’s $1.6 billion refinery IPO could increase Nigeria’s active investor base by threefold to fivefold, Nigerian Exchange Group CEO Temi Popoola says.
Tanzania’s youngest billionaire Edha Nahdi’s $230 million Oryx deal triples his fuel storage
Edha Nahdi started a fuel company at 19. His Amsons Group is now paying $230 million for Oryx's Tanzanian fuel business after two Kenyan takeovers.
South African banker Sim Tshabalala's Standard Bank stake is now worth $13.5 million
Sim Tshabalala has run Standard Bank since 2013. His 753,724 shares in Africa's largest lender are worth $13.5 million ahead of his 2027 retirement.
Portuguese billionaire footballer Cristiano Ronaldo eyes 20% stake in Saudi club Al Nassr
Cristiano Ronaldo is expected to take 20% of Al Nassr if a group led by AC Milan owner RedBird Capital buys the Saudi club.
Zimbabwean billionaire Kudakwashe Tagwirei gets boost as party pushes succession to 2029
Zimbabwe's ruling party pushed its leadership vote to 2029, a setback for Vice President Chiwenga as fuel and mining tycoon Kuda Tagwirei's political rise continues.
American media billionaire John Malone predicts $10 billion Musk-Ellison deal for Skydance
John Malone expects Elon Musk's SpaceX to strike a global content deal with Skydance and invest up to $10 billion to help cut its debt.
Indian billionaire Gautam Adani loses race for $13 billion UK ports group
Indian billionaire Gautam Adani's ports company has lost the race for Associated British Ports, which an Australian fund is buying at a £10 billion valuation.
Indian billionaire Anil Agarwal’s Hindustan Zinc posts record $675 million quarterly profit
Billionaire Anil Agarwal’s Vedanta linked Hindustan Zinc reported a 142% increase in quarterly net profit to 64.12 billion rupees as higher metal prices, increased output and lower production costs boosted earnings.
American billionaire Larry Ellison pledges Tesla, SpaceX stock for son's $110bn Warner deal
Oracle co-founder Larry Ellison put up Tesla, SpaceX and Skydance shares as loan collateral this year to help bankroll his son David's Warner Bros. takeover.
American billionaire rapper Jay-Z reportedly picks himself for 2027 Super Bowl halftime show
Jay-Z, whose Roc Nation has chosen every Super Bowl halftime act since 2020, is set to take the stage himself in February, people familiar say.