Patrice Motsepe’s ARM faces $1.6 billion market cap wipeout as challenges mount
Patrice Motsepe’s wealth takes a significant $1 billion hit due to the sustained downturn in the market value of his 40.37-percent stake in ARM.
4,095 South African jobs at risk as Neal Froneman-led Sibanye unveils restructuring plan
Sibanye-Stillwater has grown into a leader in the mining industry under the leadership of South African businessman Neal Froneman.
NBA superstar Giannis Antetokoumpo signs $186-million contract extension
Antetokoumpo will rake in $85.6 million in the 2023-2024 NBA season.
A$AP Rocky secures multi-year creative deal with sportswear giant PUMA
This collaboration will see A$AP Rocky take the helm as the creative director for a brand-new category, focusing on the intersection of high-speed racing and urban streetwear.
Firm linked to America’s second-richest Black billionaire reports $2.6 billion in profit
America’s second-richest Black individual David Steward maintains a significant investment in Centene Corporation, valued at $15.3 million.
Black executive David Rawlinson II earns $4.96-million salary from Qurate Retail
David Rawlinson II, one of the world’s highest-ranking Black CEO, has been Qurate’s chairman and CEO since 2021.
7 companies owned by Kenyan tycoon Jaswant Singh Rai
Billionaires.Africa has identified and tracked companies owned by Rai.
Rihanna plans major comeback with $39.1-million deal with Live Nation
In October 2022, Rihanna made her long-awaited musical comeback with the release of her single, “Lift Me Up,” which marked her first release in six years.
F1 icon Lewis Hamilton’s career earnings surpass $500 million
Forbes estimates that Hamilton’s overall earnings for the year, combining race earnings with endorsements, deals, and business ventures, will likely reach $65 million.
Africa’s richest man Aliko Dangote no longer among world’s top 100 billionaires
Currently, with a net worth of $15.8 billion, Dangote is positioned as the 107th wealthiest individual globally.
One of NBA’s richest players, Stephen Curry tops $354 million in career earnings
Curry is set to reach $101.9 million in total earnings this new season.
World’s highest-ranking Black CEO Roz Brewer earns $17.2-million salary from Walgreens
Prior to her tenure at Walgreens, Brewer served as the group president and COO of Starbucks, becoming the first Black woman to hold this prestigious position.
LeBron James to surpass $530 million in career earnings by 2025
James’ on-court earnings for the 2023–2024 season are predicted to boost his career earnings to an impressive $479.47 million.
5 highest-paid NBA players of 2023
In a year of remarkable financial ascent for athletes from various backgrounds, NBA players stand at the forefront, experiencing substantial growth in their earnings.
South African exec Thando Mkatshana earns $1.8-million salary from ARM
Mkatshana’s name resonates through the corridors of ARM, a diversified mining and mineral company founded by South African billionaire Patrice Motsepe in 1997.
Ethiopia’s richest man Mohammed Al-Amoudi gains $320 million
In an effort to unlock value from his early investments, Al-Amoudi is presently exploring the sale of his interest in Preem.