Billionaire Johann Rupert's Reinet just turned a €22 million gold ETF bet into €80 million
The Rupert family's Reinet investment vehicle has turned a €22 million gold ETF stake bought in 2015 into an €80 million position as gold prices surge.
Jamie Dimon is personally selling the SpaceX IPO to 2,500 wealthy clients at 90 locations across America
JPMorgan CEO Jamie Dimon is personally pitching the SpaceX IPO to more than 2,500 wealthy clients at 90 bank locations across 26 US states.
Africa's richest man's refinery ramps up to 700,000 barrels a day
Dangote Petroleum Refinery has exceeded its nameplate capacity for the first time, processing 700,000 barrels per day in an official test by its process licensors.
Jay-Z is getting a major Grammy honour and the Recording Academy is calling him an entrepreneur first
The Recording Academy has announced a major Grammy honour for Jay-Z, the 21-time winner and billionaire entrepreneur who built Roc Nation into a global empire.
Congolese billionaire Paul Obambi wants a century-old price tool back to fix Brazzaville's market chaos
Brazzaville Chamber of Commerce president Paul Obambi is demanding the revival of a century-old price reference tool to end market speculation in Congo.
King Mswati III raised €12.8 million in a single day to rescue the 79-nation OACPS from financial collapse
King Mswati III raised €12.8 million in a single day at the OACPS Summit in Malabo, rescuing the 79-nation organisation from a financial crisis that threatened its existence.
50 Cent built a $100 million empire from rap royalties, Vitaminwater and a TV production machine
Curtis "50 Cent" Jackson has built an estimated $100 million empire spanning television production, premium spirits, real estate and a landmark Louisiana studio deal.
How Giannis Antetokounmpo built a global business empire worth hundreds of millions
Giannis Antetokounmpo has built a sprawling business empire spanning real estate, media, sports ownership and venture capital alongside his $175 million NBA contract.
Russia's billionaires in Africa: Mines, money and the sanctions squeeze
Several Russian billionaires have built substantial business interests across Africa, spanning gold, diamonds, bauxite and manganese in multiple countries.
Namibia's 33-year-old Miguel Hamutenya just became owner of 52 fuel stations and the country's third-largest energy retailer
Miguel Hamutenya's Nasan Energies completed its takeover of 52 Engen and Shell stations from Vivo Energy, making the 33-year-old entrepreneur Namibia's third-largest fuel retailer.
Egyptian billionaire Naguib Sawiris sold Euronews to a firm now buying Serbia's last independent media
Alpac Capital, which bought Euronews from Egyptian billionaire Naguib Sawiris in 2021, is now acquiring Serbia's last independent media outlets N1 and Nova S for 30 million euros.
How South Africa's biggest banks enabled the Gupta corruption machine
South Africa's major banks and professional services firms provided services to Gupta-linked entities despite clear red flags, enabling state capture corruption documented as the worst in the country's democratic history.
First HoldCo shareholders approve billionaire Femi Otedola's N1 trillion capital plan at today's AGM in Lagos
FirstHoldCo shareholders approved the N253 billion capital raise at today's 14th AGM, clearing the path for Femi Otedola's N1 trillion paid-up capital target for First Bank of Nigeria.
How African billionaires Benedict Peters and Aliko Dangote became the biggest winners of the Hormuz crisis
Satellite images show Nigeria's Dangote refinery and Benedict Peters' Aiteo operation are the biggest beneficiaries of the Hormuz crisis, even as an oil theft mafia costs the country billions annually.
South Africa's Datatec posts one of its best years ever as AI drives record demand for cybersecurity and IT infrastructure
Datatec posted gross invoiced income of $8.5 billion and headline earnings per share up 56.5% in FY2026, with CEO Jens Montanana describing it as one of the strongest years in the group's history.
Nigeria's ex-Skye Bank chairman Tunde Ayeni gets $150,000 bail after 21 days in Kuje prison
An Abuja court granted ex-Skye Bank chairman Tunde Ayeni N200 million bail on May 25, with conditions including property-owning sureties and a N15 billion bank guarantee.