Companies owned by the world’s first Black billionaire Robert L. Johnson
Using the proceeds from the sale of BET, he has invested in new ventures, leveraging his expertise to construct a varied portfolio of companies through The RLJ Companies.
South African executive Lance Foxcroft pockets $1.2-million salary in 2023
Foxcroft’s 2023 compensation comprises a base salary of R4.08 million ($0.21 million), complemented by a performance-driven short-term incentive of R3.64 million ($0.19 million).
Mohamed Alabbar, owner of world’s tallest building Burj Khalifa, eyes Zimbabwe for expansion
Alabbar’s extensive business portfolio includes Emaar Properties, a leading real estate developer, and notable ventures such as Noon.com, an e-commerce platform.
U.S.-Nigerian telecom tycoon Sam Darwish gains $7.5 million in 14 days
Darwish, the chairman and CEO of IHS, stands among the prominent figures in the African telecom sector, boasting a 4.17-percent stake in IHS Holding.
Zimbabwean businessman John Moxon’s Meikles stake slumps below $7 million
Moxon, who played a pivotal role in transforming Meikles Limited into one of Zimbabwe’s leading conglomerates, owns a 10.8-percent stake in the group.
Companies owned by America’s supermodel, Tyra Banks
Beyond the runway, the mega mogul ventured into new territories, launching Bankable Productions.
South Africa’s richest man Johann Rupert sees $1.05-billion surge in net worth
The recent increase in Rupert’s fortune is linked to the performance of his 9.14-percent stake in Richemont.
Companies owned by South Africa’s second-richest man Nicky Oppenheimer
The South African billionaire investor is renowned for his global investments in Africa, Asia, the United States, and Europe.
Kenyan tycoon James Ndegwa loses $1.17 million from NCBA stake
Despite this setback, Ndegwa remains one of Kenya’s wealthiest investors and continues to hold a prominent position among the country’s richest businessmen.
South African-British billionaire Clive Calder gains $100 million in just 2 days
The recent $100-million surge in Calder’s fortune, pushing his year-to-date wealth gains to $250 million is tied to the performance of his privately owned assets.
Egyptian tycoon Hani Berzi rakes in $28 million in 5 days from Edita stake
Berzi holds a 41.95-percent stake, equivalent to 303,323,015 ordinary shares in the Egyptian consumer goods giant, facilitated by Quantum Invest BV.
Nigeria’s second-richest man declares 50-percent salary increase across his group
This highlights Rabiu’s dedication to supporting his entire workforce during tough economic times, acknowledging the challenges faced by his employees.
Egypt’s Khamis family gains $38.7 million from Oriental Weavers stake
The Khamis family, one of Egypt’s wealthiest, currently holds a majority stake in Oriental Weavers, a leading carpet manufacturer with a global presence.
South African executive John Copelyn earns $1.2-million salary in 2023
Copelyn’s strategic leadership propels Hosken Consolidated Investments Limited (HCI) to a record-breaking 58.6-percent profit surge in 2023.
South African tycoon Giovanni Ravazzotti loses $31.5 million from Italtile stake
Ravazzotti, a top figure in the South African business arena, owns a 33.88-percent stake in Italtile — this amounts to a total of 447,746,694 shares in the company.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods invests $200 million in sugar estate
The conglomerate is majority-owned by Nigeria’s second-richest man, Abdul Samad Rabiu, and his son, Isyaku Naziru Rabiu.