South Africa’s van der Walt brothers see WeBuyCars lose $516 million to cheap Chinese cars
WeBuyCars, the used-car dealer founded by South African tycoons Faan and Dirk van der Walt, has lost about R8.6 billion in market value this year.
Uganda’s richest man Sudhir Ruparelia to open 19-acre island resort on Lake Victoria
Ruparelia Group's Paradise Island Resort, a 38-unit retreat on a private island in Lake Victoria, opens Dec. 1, more than five years after construction began.
How Nigerian billionaire Johnbull Ejovi built a $100 million-a-year offshore oil services business
Nigerian tycoon Johnbull Ejovi turned a small Warri marine company into Ejovi Offshore, a family-run oil services group with about $100 million in annual revenue.
South African tycoon Stephen Saad's Aspen sells menopause drug rights for $220 million
Aspen Pharmacare, led by South African tycoon Stephen Saad, is selling the European rights to its menopause treatment Ovestin to Ennogen for €197 million.
Indian billionaire Mukesh Ambani’s Reliance adds $10.5 billion as shares jump 7% on record profit
Mukesh Ambani’s Reliance Industries gained about $10.5 billion in market value as shares jumped over 7% following a record $3.1 billion quarterly profit.
Canadian billionaire Changpeng Zhao’s Binance replaces 95% of $6.3 billion hack, reopens withdrawals
Changpeng Zhao’s Binance reopened withdrawals on Sunday after replacing about 95% of the $6.3 billion stolen by North Korea-linked hackers last week.
Nigerian billionaire Jim Ovia’s Zenith Bank stake loses $65.5 million in October
Jim Ovia’s Zenith Bank stake lost about $65.5 million in October as the lender’s shares fell 11.2% in a broad Nigerian banking selloff.
The 10 richest billionaires in Africa in November 2026
Aliko Dangote's fortune has jumped to $55.4 billion, lifting the combined wealth of Africa's 10 richest people to $142.5 billion in November 2026.
How South African tycoon Martin Venter turned a rundown farm into the $900 million Val de Vie Estate
Former lawyer Martin Venter bought a run-down Cape wine farm for about R20 million and turned it into Val de Vie, a R15 billion estate.
Nigerian insurance tycoon Wole Oshin's Custodian posts $42 million nine-month profit
Custodian Investment, the Nigerian insurance group run by tycoon Wole Oshin, lifted nine-month profit 26% to ₦57.6 billion as interest income more than tripled.
French telecom billionaire Xavier Niel wins India approval for $5.8 billion Vodafone stake
French billionaire Xavier Niel won Indian approval for his £4.4 billion purchase of a 16.2% Vodafone stake, which will make him the group's largest shareholder.
American billionaire Michael Bloomberg pours $36 million more into Democrats days before US midterms
American billionaire Michael Bloomberg is giving Democrats another $36 million before the midterms, lifting his spending this cycle to about $116 million.
Sugar company controlled by Africa's richest man swings to $56 million profit
Nigerian billionaire Aliko Dangote’s Dangote Sugar swung to a $55.9 million nine-month profit after a N485.9 billion rights issue cut its borrowings by nearly 90%.
Chinese billionaire Yahui Zhou's Nigerian fintech OPay pulls $304 million New York IPO
OPay, the Nigerian payments app founded by Chinese billionaire Yahui Zhou, has called off its $304 million New York listing after an unnamed foreign inquiry.
Nigerian billionaire Femi Otedola pledges $2.1 million more for Augustine University engineering faculty
Nigerian billionaire Femi Otedola has pledged another ₦2.85 billion to complete a new engineering building at Augustine University, where he is chancellor.
Crypto billionaire Changpeng Zhao tells Elon Musk to stop mocking $6.3 billion Binance hack
Binance founder Changpeng Zhao told Elon Musk to stop joking about Binance's $6.3 billion hack, noting the exchange owns SpaceX shares worth over $1 billion.