Egyptian billionaire Naguib Sawiris's family seeks $150 million in London fraud trial
The family investment arm of Egyptian telecom billionaire Naguib Sawiris has opened a 10-week London trial over an alleged foreign exchange fraud.
The 5 African billionaires with major stakes in Africa's 10 biggest banks
Five African billionaires, including Morocco's King Mohammed VI and Femi Otedola, hold stakes worth about $14 billion in four of Africa's biggest banks.
Nigerian billionaire Aliko Dangote extends his $1.6 billion refinery IPO
Aliko Dangote has extended his $1.6 billion refinery IPO by two weeks to let more Africans buy shares, saying demand already far exceeds the offer.
South African tycoon Mzi Khumalo risks losing his Zimbabwe gold mines
A $70 million payment Mzi Khumalo guaranteed for his Zimbabwe gold mines is unpaid, and his family trust's shares are pledged as security.
South African billionaire Robert Gumede’s takeover target Tongaat Hulett to quit the JSE
Tongaat Hulett will be delisted from the JSE on Nov. 3 with nothing for shareholders, as billionaire Robert Gumede's Vision group moves to buy it.
How Ghanaian tycoon Manoj Lakhiani built a water and plastics empire from a $25,000 loan
Manoj Lakhiani dropped out of school at 17 and borrowed $25,000 from his father. He turned it into Blow Group, one of Ghana's biggest manufacturers.
American billionaire Ray Dalio sells famous Australian sheep stations for $209 million
Ray Dalio and his Australian partners have sold six New South Wales farms, including two famous Merino studs, for about $209 million.
Google billionaire Sergey Brin gets Gavin Newsom's backing to kill California's billionaire tax
Gavin Newsom has endorsed a ballot measure bankrolled by Google co-founder Sergey Brin that would kill California's proposed one-time tax on billionaires.
Nigerian tycoon Bola Shagaya's son was business partner of jailed Turkish fund boss
Hakeem Shagaya, son of Nigerian tycoon Bola Shagaya, co-owned a company with the jailed chairman at the center of Turkey's investment fund scandal.
Spanish billionaire Sandra Ortega, Zara founder’s daughter, is set to get even richer
Spain’s richest woman, Sandra Ortega, owns a $9.5 billion Inditex stake and stands to inherit billions more from her father, Zara founder Amancio Ortega.
Elon Musk asks if Indian billionaire Mukesh Ambani is the ‘real boss of India’
Elon Musk asked whether Mukesh Ambani is “the real boss of India” after the government denied blocking Starlink, saying all satellite operators await security clearance.
British fashion mogul Victoria Beckham backs daughter’s beauty brand with $3 million
Victoria Beckham has invested more than $3 million in H7B Ltd, the company linked to Harlo by Harper, a beauty brand for her 15-year-old daughter.
Billionaire Michael Jordan Donates $10 Million to UNC School of Social Work in Honor of His Mother
Billionaire Michael Jordan has made a $10 million commitment to the University of North Carolina’s School of Social Work in honor of his mother, Deloris P. Jorda
Late Nigerian banker Herbert Wigwe's Access Holdings has lagged rivals since his death
Access Holdings shares have risen 23% since Herbert Wigwe's death, while First HoldCo, Zenith, GTCO and UBA gained between 77% and 489%.
UAE billionaire Sheikh Tahnoon-linked Azura Power buys South African energy trader
Azura Power, which a company controlled by Sheikh Tahnoon's network agreed to buy in August, has taken a majority stake in South African trader Enpower.
South African tycoons Mark and Brett Levy's ticket firm sale draws scrutiny
Blu Label, led by Mark and Brett Levy, sold Ticketpro to a consortium that Daily Maverick links to Sport Minister Gayton McKenzie's political circle.