Egyptian billionaires Nassef Sawiris and Mohamed Mansour join UK exodus
Nassef Sawiris and Mohamed Mansour are among the billionaires who have cut ties with Britain, part of a $160 billion exodus tracked by Bloomberg
South African billionaire Koos Bekker loses $800 million as Naspers, Prosus fall
Koos Bekker's fortune has dropped $800 million to $3.2 billion since January, as shares of Naspers and Prosus fell more than 35%.
Binance founder Changpeng Zhao says he's worth far less than $100 billion
Binance founder Changpeng Zhao says he is worth $10 billion to $30 billion, far below Forbes' estimate of more than $100 billion.
Indian billionaire Nikhil Kamath backs AI startup that screens children for autism
Billionaire Nikhil Kamath co-led a Rs 4 crore round in Aignosis, which uses a webcam and AI to flag children who may need autism assessment.
Korean chip billionaire Chey Tae-won sells $700 million stake to fund divorce
SK Group chairman Chey Tae-won will sell 944 billion won of SK Inc. shares to pay a record divorce award to his ex-wife, Roh Soh-yeong.
Madagascar billionaire Hassanein Hiridjee expands Senegal data center to meet AI demand
Hassanein Hiridjee's Stellarix is adding data center capacity in Senegal as Axian pushes deeper into the digital infrastructure behind cloud and AI services.
How Indian tycoon Peeyush Garg built a $74 million-a-year FMCG empire in Nigeria
Peeyush Garg built Daraju from a Ladipo Street trading business into a maker of MYMY toothpaste with ₦111 billion in annual sales.
Larry Ellison relists Florida oceanfront estate for $165 million, more than double 2021 purchase price
Oracle billionaire Larry Ellison has relisted his oceanfront estate in North Palm Beach, Florida, for $165 million, more than double the $80 million he paid for the property in 2021. The new asking price comes as Ellison continues to expand his luxury real estate holdings across South Florida.
Indian billionaire Ravi Jaipuria scraps South African dairy deal, heads to arbitration
Varun Beverages, controlled by Indian billionaire Ravi Jaipuria, terminated its R238 million Crickley Dairy deal and sent the dispute to arbitration.
Nigerian billionaire Femi Otedola gained $815 million in Q3 as First HoldCo shares nearly tripled
Femi Otedola gained about $815 million in the third quarter as First HoldCo shares rose 180% while he spent 351 billion naira on more stock.
Billionaire Aliko Dangote gained $2.3 billion in 3rd quarter, excluding refinery revaluation
A 19.7% rally in Dangote Cement lifted Aliko Dangote's listed stakes by $2.31 billion in the third quarter, separate from Forbes' refinery revaluation.
Wicknell Chivayo’s family confirms his death following fatal Zimbabwe helicopter crash
The family of Zimbabwean businessman Wicknell Chivayo has confirmed his death following a helicopter crash in Marondera that killed all six people aboard the aircraft.
Africa's richest man pulls his fertiliser IPO forward to next year
Aliko Dangote told investors in Nairobi he hopes to list Dangote Fertiliser next year, a year earlier than the 2028 date he gave last week.
Africa's richest monarch watches his mining company multiply profit tenfold in six months
Managem, the mining arm of the Moroccan royal family's Al Mada, lifted first-half profit to 3.778 billion dirhams from 380 million a year earlier.
South African tycoon Marcel Golding's pay jumps fivefold as AOE profit falls 72%
Marcel Golding's pay rose to R5.25 million, about $322,000, at AOE, where profit attributable to shareholders fell 72% to R3.5 million.
Billionaire Larry Ellison pledges another $9.2 billion of Oracle stock to borrow against
Larry Ellison pledged 67 million more Oracle shares as loan collateral, lifting his total to about 413 million shares worth roughly $57 billion.