Nigerian billionaire Abdul Samad Rabiu no longer needs central bank for dollars
Billionaire Abdul Samad Rabiu says he once visited Nigeria's central bank every two weeks for dollars. Now companies buy them from banks at market rates.
American AI billionaire Dario Amodei and fellow Anthropic founders each worth $13 billion
Anthropic's IPO filing shows each of its seven co-founders, including CEO Dario Amodei, owns about 1.4% of the company, a stake worth over $13 billion.
Indian billionaire Mukesh Ambani's Jio shares fetch 22% premium before Wednesday's debut
Shares of Mukesh Ambani's Jio Platforms are quoted 22% above their IPO price in India's gray market, a day before the record listing.
South African billionaire Patrice Motsepe still faces $195 million Tanzania claim, Pula says
Pula Group says a Tanzanian court did not throw out its $195 million claim against Patrice Motsepe's companies, disputing African Rainbow Minerals' account.
Samsung billionaire Hong Ra-hee wins medal for 40 years of giving
Samsung matriarch and art collector Hong Ra-hee received a South Korean state medal for more than 40 years of giving to culture and health care.
Kenyan billionaire Narendra Raval’s $539 million Kitui cement plant to create 4,000 jobs
Kenyan President William Ruto valued Narendra Raval’s Kitui cement plant at Sh70 billion ($539 million) and said it will create 4,000 jobs.
Italian billionaire heir Leonardo Maria Del Vecchio plans $8.3 million takeover of newspaper Il Fatto Quotidiano
Italian billionaire heir Leonardo Maria Del Vecchio plans an $8.3 million bid for Il Fatto Quotidiano’s publisher, but the paper’s founders say they won’t sell.
South African tycoons Mark and Brett Levy face questions over sports minister's visits
Gayton McKenzie, South Africa's sports minister, has acknowledged visiting the Levy brothers' Blu Label offices but denies any role in the sale of Ticketpro.
Ackerman family's Pick n Pay cuts first-half supermarket loss 17% to $31 million
Pick n Pay, the South African grocer built by the Ackerman family, cut its first-half supermarket loss by 16.9% as its Boxer discount chain grew.
Kenya's Kinuthia family's supermarket chain Quickmart lines up $55 million before IPO close
Kenya’s Quickmart has lined up $55 million from four cornerstone investors, including the IFC, as the Kinuthia family-backed chain prepares to close its IPO.
Filipino billionaire Manuel Villar's Vista Land profit falls 59% to $60 million
Filipino billionaire Manny Villar’s Vista Land reported a 59% drop in 2025 profit to 3.8 billion pesos in long-delayed results, while its shares remain suspended.
American billionaire Phil Knight's $100 million film opens to $11.8 million
Wildwood, the stop-motion film financed by Nike co-founder Phil Knight's Laika studio, opened to an estimated $11.8 million in North American theaters.
American billionaire Ken Griffin’s Citadel Securities moves to bigger India office as it expands in fast-growing market
American billionaire Ken Griffin’s Citadel Securities is moving to a larger office in Gurugram early next year as it expands its push into India.
Japanese billionaire Masayoshi Son plans $50 billion AI and data center investment in Malaysia
be watching for confirmation from SoftBank and for details on timing, partners and funding. Excerpt Japanese billionaire Masayoshi Son plans to invest $50 billion in AI and data centers in Malaysia, with sites chosen in Sarawak and the peninsula.
Nigerian billionaire Aliko Dangote’s refinery says IPO closes Tuesday, rules out any further extension
Nigerian billionaire Aliko Dangote’s refinery says Tuesday is the final day to buy into its IPO, with no extension, as it reports rising last-minute demand.
Malagasy tycoon Mamy Ravatomanga faces trial Tuesday over five Boeings flown to Iran
The trial of Malagasy tycoon Mamy Ravatomanga and 27 others over five Boeing 777s that ended up in Iran resumes in Antananarivo on Tuesday.