Nigerian billionaire Femi Otedola congratulates Africa’s richest man Aliko Dangote on refinery launch
Otedola congratulated Dangote on the launch of the Dangote Oil Refinery, a $20-billion project.
Moroccan business magnate Anas Sefrioui loses $41.2 million from ADH stake
Sefrioui, the visionary founder of the Casablanca-based real estate group who ranks as one of Morocco’s most affluent individuals, owns a 64.1-percent stake in ADH.
Top Black executive Cornelius Boone earns $5.3-million salary from eBay
Boone’s role in steering eBay to financial success, coupled with his groundbreaking leadership, is reflected in his base salary, short-term incentive, and long-term incentive.
Egypt’s second-richest man Naguib Sawiris hit by $110-million loss in 9 days
His wealth figures have plummeted due to a sharp decline in the market value of his diverse investments,
Egyptian billionaire Ahmed Ezz loses $47 million in 16 days from Ezz Steel stake
Ezz owns a 60.7 percent of the company, or 329,816,198 shares, in the steel behemoth.
South African billionaire Ivan Glasenberg’s fortunes soars by $230 million in 3 days
With the recent surge in his net worth, Glasenberg presently ranks as the 275th richest individual in the world.
African billionaires’ families absent from global top 25 richest families ranking
As the Al Nahyan family claims the top spot with a $305-billion fortune, the absence of African billionaire families highlights the stark disparities in wealth accumulation.
Firm led by Egyptian billionaire Yasseen Mansour to build $130-million luxury hotel in Cairo
Mansour, chairman of Palm Hills, highlights significance of welcoming Marriott International and Ritz-Carlton as key collaborators in the Palm Hills October project.
U.S.-Nigerian telecom tycoon Sam Darwish suffers $14-million loss in 23 days
This recent paper loss comes on the heels of the impressive $70-million gain he recorded between Oct. 27 and Nov. 14
5 companies linked to South African-based business executive Paul Hanratty
With a wealth of experience and strategic leadership, Hanratty has propelled Sanlam to new heights.
Aliko Dangote’s refinery set to commence operation as first crude stock arrives
This comes shortly after the mega refinery received its license to refine over 300,000 barrels of Nigerian crude daily in November.
South African tycoon Des de Beer moves $16.4 million in Lighthouse shares to private firm
This signifies an internal restructuring within the Des de Beer family’s investment portfolio, leaving his indirect beneficial interest in Lighthouse unchanged.
America’s second-richest Black billionaire David Steward gains $480 million in 24 days
According to the Bloomberg Billionaires Index, Steward’s fortune increased by $480 million over the past 24 days.
Black executive Deborah Telman earns $4.8-million salary from Gilead Sciences
Examining her $4.8-million compensation, which includes a $0.38-million base salary, a $1.2-million short-term incentive, and a $2-million long-term incentive.
South Africa’s richest man Johann Rupert gains $400 million in 9 days
With his latest net worth increase, Rupert has cemented his status as South Africa’s richest individual, maintaining his edge over Nicky Oppenheimer.
Selorm Adadevoh becomes second Ghanaian top executive in African telecom giant, MTN Group
Effective April 1, 2024, Adadevoh will assume his new role in Johannesburg and will be responsible for leading commercial strategy and the group’s operations.