South African billionaire Ivan Glasenberg’s wealth surges by $510 million in 34 days
Despite recording substantial year-to-date losses totaling $687 million, Glasenberg’s recent ascent in wealth has been notable.
South African exec Anthony Thunstrom-led TFG to strengthen presence in South African sportswear market
TFG aims to solidify its position in the burgeoning sportswear segment amidst resilient consumer demand, despite the challenges posed by the COVID-19 pandemic.
Top Black CEO Marvin Ellison’s shares in Lowe’s reaches $55 million
The recent $4.31-million surge in Ellison’s stake in Lowe’s further cements Ellison’s position as one of America’s richest Black CEOs and one of the world’s leading executives.
Adidas donates $150 million from sale of Kanye West’s Yeezy line to fight anti-Semitism
In its recently published financial results, Adidas disclosed extraordinary expenses totaling more than €340 million ($370 million), which included donations exceeding €140 million ($152 million).
Co-op Bank led by Kenyan banker Gideon Muriuki to add 15 branches in 2024 despite digital shift
As Co-op Bank embarks on its ambitious expansion journey, the institution reaffirms its commitment to serving diverse customer needs while leveraging technological innovations.
U.S.-Nigerian telecom tycoon Sam Darwish loses $4.33 million as IHS shares plunge
According to data tracked by Billionaire.Africa, the market value of Darwish’s stake in IHS Holding has plunged by $4.33 million over the past 24 days.
Nigeria’s aviation authority warns private jet owners, including billionaires, on unauthorized usage
To ensure compliance, the NCAA will deploy officials to General Aviation Terminals (GAT) and private airport wings to monitor PNCF holders’ activities closely.
One of America’s richest Black CEOs, Craig Arnold gains $13.6 million from Eaton stake
Arnold, recognized as one of America’s leading executives, holds a beneficial 0.13-percent stake in Eaton Corporation, or 517,061 shares.
Egyptian billionaire Samih Sawiris’ company to construct Africa’s largest skate park
Construction of Africa’s largest skate park is slated to commence later this year, with the grand opening scheduled for 2025.
Nigerian banker Aigboje Aig-Imoukhuede returns as non-executive chairman of Access Holdings
The decision for his return followed extensive consultations with key stakeholders, and the holdco board unanimously agreed to invite him to helm governance.
South African billionaire Michiel Le Roux’s stake in Capitec hits $1.5 billion
The recent surge in the lender’s share price comes on the heels of its recent acquisition of a majority stake in Cyprus-based digital non-bank consumer lender, Avafin
South African tycoon Johann du Toit’s satellite tech firm secures $14.7-million investment
The funding, led by NewSpace Capital and Knife Capital, aims to enhance production capabilities as the company gears up for an expansion into Europe.
African-American tech billionaire Alex Karp’s wealth surges $300 million in 3 weeks
Karp’s position among Black billionaires underscores the success of African-American entrepreneurs within the tech sector.
Nigeria’s richest banker Jim Ovia’s Zenith Bank stake rebounds above $120 million
The surge in Ovia’s stake marks a recovery from the impact of the recent devaluation of the Nigerian currency, which saw his fortune dip below $100 million in February
South African-born tycoon Barry Stuhler rakes in $3.79 million from Lighthouse stake
This $3.79-million gain further solidifies Stuhler’s position as one of the top investors on the JSE and one of the wealthiest businessmen in the country.
South African businessman Jannie Mouton gains $33 million from Capitec stake
This significant rise in Mouton’s stake reinforces his standing as one of the most affluent investors on the Johannesburg Stock Exchange