US billionaire Kenn Ricci's Flexjet just bought TikTok's most famous aircraft broker
Flexjet has acquired London aircraft brokerage The Jet Business and named its founder Steve Varsano, who has 2.5 million TikTok followers, as its new president.
African Wealth Briefing — Sat., June 13, 2026
The world mints its first trillionaire. On the continent, Aliko Dangote's 2026 giving tops $47 million and Sandile Zungu's nickel mine roars back to life.
Billionaire Michael Jordan's private dining club 1000 North is expanding from Jupiter to Sarasota later this year
Michael Jordan is a founding partner of 1000 North, a Jupiter private club now expanding to Sarasota where his members-only dining empire opens this fall.
African Wealth Briefing — Fri., June 12, 2026
Johann Rupert’s Remgro wins control of 50 hospitals in a $950 million deal. Kwabena Adjei’s Kasapreko doubles its IPO target ahead of Monday’s listing.
Billionaire Zak Calisto's Cartrack faces scrutiny after a 29-year-old employee died at its Rosebank office
Zak Calisto's Cartrack is under scrutiny after 29-year-old employee Gcina Dhladhla died at its Rosebank head office on June 6, prompting calls for a Labour Department investigation.
Nigerian banking tycoon Aigboje Aig-Imoukhuede says Access Holdings is done buying banks after 20 acquisitions
Access Holdings chairman Aigboje Aig-Imoukhuede says the group has concluded 20 acquisitions in 20 years and is now shifting focus entirely to shareholder returns.
African Wealth Briefing — Thurs., June 11, 2026
Egypt’s MNT-Halan hits a $1.4 billion valuation. Magda Wierzycka launches an AI fund she half-wishes she didn’t have to.
Black billionaire Herriot Tabuteau sells $11.97 million in Axsome shares as stock trades near all-time highs
Axsome Therapeutics CEO Herriot Tabuteau sold 49,670 shares worth $11.97 million on June 9 under a pre-approved trading plan as AXSM trades near record highs.
Deep-Dive Report: Tony Elumelu — The Crown Jewel
A banker turned energy consolidator is building a self-reinforcing African conglomerate — and his move on Seplat is the most consequential yet. Inside the architecture, the catalyst, and why we decline to put a net-worth figure on him.
Wealth Intelligence: Jim Ovia — The $643 Million Pivot
The founder of Nigeria’s most profitable bank has left its chairmanship — and is pouring his conviction into the Lagos skyline. A full read of where the fortune sits, and where it’s moving.
African Wealth Briefing — Wed., June 10, 2026
Jim Ovia trades the bank chairmanship for Lagos luxury towers. Tony Elumelu plants a Nigerian flag in Ethiopia.
Elon Musk plans single chip factory to double all US semiconductor production
Elon Musk's Terafab targets one terawatt of annual chip output, double current US consumption, with Tesla and Intel anchoring a $122 billion SpaceX facility in Bastrop, Texas.
Nigeria's 2nd richest man takes delivery of $81 million Bombardier Global 8000
Abdul Samad Rabiu has taken delivery of a Bombardier Global 8000 worth $81 million (N110 billion), the world's fastest business jet, completing an order he signed in December 2025.
Africa's largest bank Standard Bank takes leading role in Dangote refinery IPO
Standard Bank CEO Sim Tshabalala has pledged leading-role support for the Dangote refinery IPO and future expansion after touring the Lagos facility with senior executives.
African Wealth Briefing — Tues., June 9, 2026
Patrice Motsepe loses $700 million in three months as gold turns. Three Angolan tycoons block Chevron to claim a $260 million prize.
South African billionaire Mark Shuttleworth-linked Knife Capital exits VoxCroft in US intelligence deal
Knife Capital, the direct successor to Mark Shuttleworth's Here Be Dragons venture capital operation, has exited VoxCroft Analytics in a US intelligence firm acquisition.