Elon Musk unveils AI1 satellite design to power SpaceX's orbital data centers
Elon Musk unveiled SpaceX's AI1 orbital data center satellite on June 8, revealing a 70-meter wingspan design with 150 kW of AI compute capacity ahead of the company's IPO.
America's first Black billionaire Robert L. Johnson returns to BET's network advisory council
BET founder Robert L. Johnson, America's first Black billionaire, has joined the network's new advisory council nearly 25 years after selling BET to Viacom for $3 billion.
Madagascar multimillionaire Mamy Ravatomanga loses control of his Sodiat empire to courts
Madagascar courts have seized control of Sodiat Group's subsidiaries as founder Mamy Ravatomanga remains jailed in Mauritius facing money laundering and corruption charges.
The Inside Story: The Bridge Between Friends
How a near-two-decade friendship between South Africa’s richest man and Rurik Göbel collapsed over a R2.3 billion Stellenbosch land deal.
Deep-Dive Report: Johann Rupert — Beyond Cartier
The three-vehicle architecture behind South Africa’s largest fortune — and why the Richemont headline understates it.
Wealth Intelligence: Aliko Dangote — The $40 Billion Climb
Anatomy of a $6.8 billion year — and the refinery, cement and listings that could carry Africa’s richest man past $40 billion.
African Wealth Briefing — Mon., June 8, 2026
Dangote nears $40 billion after a $6.8 billion year. Johann Rupert wins a $139 million Stellenbosch land fight.
Absa CEO Kenny Fihla's $9 million pay triggers shareholder revolt
Absa Group shareholders delivered a 43.37% vote against the bank's executive pay report at its AGM over CEO Kenny Fihla's R148 million compensation package for 2025.
Egyptian billionaire Naguib Sawiris wants Egypt to export its stray dogs abroad instead of culling them
Egyptian billionaire Naguib Sawiris has called for a national programme to collect, treat and export Egypt's stray dogs to countries where demand for pets exists.
Billionaire Ibrahim Mahama offers 100 jobs to Ghanaians fleeing South Africa's xenophobic attacks
Ghanaian billionaire Ibrahim Mahama has offered 100 jobs to compatriots evacuated from South Africa as xenophobic attacks push more than 900 Ghanaians to seek repatriation home.
Elon Musk becomes world's first trillionaire on June 12 2026
Elon Musk is set to become the world's first trillionaire on June 12 when SpaceX prices its historic $1.77 trillion Nasdaq IPO and begins trading.
Rick Ross was a prison guard at 19 and built a $150 million empire before turning 50
Rick Ross built a $150 million empire from Wingstop franchises, a $35 million Star Island mansion and spirits equity stakes after starting out as a prison guard.
Uganda's richest man Sudhir Ruparelia earns almost $10 million a year renting offices to his own government
Uganda's richest man Sudhir Ruparelia collects UGX3.152 billion ($836,000) monthly from government ministries renting his Kampala properties as parliamentary scrutiny of the arrangement intensifies.
African Wealth Briefing — Sat., June 6, 2026
A new Standard Bank study on how Africa's wealthy think about money — and a look back at a busy week of deals, courtrooms, and succession questions.
3 Angolan tycoons built Etu Energias into a $1 billion oil empire and just blocked Chevron's $260 million deal
Three former Sonangol executives who own Angola's largest private oil company have triggered pre-emption rights to claim Chevron's offshore stakes before Energean can complete its deal.