5 businesses owned by Wiz Khalifa
Rapper-turned-marijuana mogul Wiz Khalifa owns Khalifa Kush, which produces cannabis-based products, and other companies.
South African tycoon Roux Shabangu to lose assets over tax debt
Shabangu is the founder of JB Holdings, a conglomerate with tentacles in commercial real estate, mining, oil and gas, and telecom.
Moroccan tycoon Lamia Tazi suffers $10.3-million loss from Sothema stake
Tazi owns a substantial 8.4-percent stake in Sothema, translating to 605,030 shares in the leading healthcare company.
Ethiopia’s richest man Mohammed Al-Amoudi gains $320 million
In an effort to unlock value from his early investments, Al-Amoudi is presently exploring the sale of his interest in Preem.
4 companies owned by J. Cole
Now J. Cole is strategically investing his earnings, preparing for a life beyond music as he explores various business ventures.
Egypt’s richest man Nassef Sawiris loses $100 million in 8 days
Sawiris’ net worth currently stands at $7.42 billion, down from $7.52 billion on Oct. 12.
South African tycoon Christopher Seabrooke suffers $3.4-million loss from Sabvest stake
Despite the recent decline in Seabrooke’s stake in Sabvest Capital, he remains among the richest investors on the Johannesburg Stock Exchange.
Temitope Lawani-linked Vivo Energy to expand LPG business in Mayotte with Somagaz deal
Vivo Energy is partially owned by Lawani, the co-founder and managing partner of Helios Investment Partners.
Egyptian billionaire Ahmed Ezz’s steel company posts $26-million loss in H1 2023
Ezz, a prominent Egyptian industrialist, holds a 60.7-percent stake in Ezz Steel, equivalent to 329,816,198 shares in the steel behemoth.
Nigerian businessman Tony Elumelu gains $4.1 million in just one week from UBA
Elumelu owns a 7.39-percent stake in UBA, equivalent to 2,527,372,285 ordinary shares in the leading lender.
Bank led by Kenyan banker Rebecca Mbithi plans expansion with $62.1-million rights issue
Family Bank Limited is a commercial bank headquartered in Nairobi and led by Kenyan banker Rebecca Mbithi.
Africa’s first Black billionaire Patrice Motsepe suffers $1-billion wealth decline in 2023
Motsepe made history as Africa’s first Black billionaire in 2008 thanks to the remarkable success of his mining group.
Kevin Hart’s company, Hartbeat, moves to expand to Atlanta
Hart owns Hart House, which offers 100-percent plant-based burgers, tequila brand Gran Coramino and Hartbeat Ventures, among others ventures.
Nigerian billionaire Tony Elumelu’s Heirs Oil & Gas rebrands
Heirs Energies is a subsidiary of Heirs Holdings, an investment company that manages Elumelu’s and his family’s wealth.
5 companies owned by Kenyan tycoon Vimal Shah
According to Forbes’ 2013 ranking of Africa’s wealthiest individuals, Shah, the chairman of Bidco Africa, had a net worth of $1.6 billion.
America’s second-richest Black individual, David Steward, gains $280 million in 15 days
The recent upswing in Steward’s net worth represents a notable financial recovery and extends his year-to-date wealth gains to $3.47 billion.