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.
4 companies owned by J. Cole
Now J. Cole is strategically investing his earnings, preparing for a life beyond music as he explores various business ventures.
Bank led by Kenyan banker Rebecca Mbithi plans expansion with $62.1-million rights issue
Family Bank Limited is a commercial bank headquartered in Nairobi and led by Kenyan banker Rebecca Mbithi.
Africa’s first Black billionaire Patrice Motsepe suffers $1-billion wealth decline in 2023
Motsepe made history as Africa’s first Black billionaire in 2008 thanks to the remarkable success of his mining group.
America’s second-richest Black individual, David Steward, gains $280 million in 15 days
The recent upswing in Steward’s net worth represents a notable financial recovery and extends his year-to-date wealth gains to $3.47 billion.
Nigeria’s second-richest man Abdul Samad Rabiu joins world’s 400 richest billionaires
Since he returned to the coveted list of the world’s 500 wealthiest billionaires on Sept. 18, Rabiu has seen his net worth soar by $800 million.
Black executive Peggy Alford earns $9.3-million salary from PayPal in 2022
Alford presently serves as a board member of Macerich, a real estate investment trust, and maintains a seat on Facebook’s board of directors.
Nigerian billionaire Femi Otedola’s power company posts revenue exceeding $70 million in 9 months
Under Otedola’s leadership, the leading power-generating company has excelled across all its segments.
Adidas displays financial strength amid Kanye West’s Yeezy influence
Adidas held over $1 billion worth of unsold Yeezy inventory in May.
John Legend’s first tech venture raises $5 million in funding
“It’s Good,” launched by Legend and tech entrepreneur Mike Rosenthal, is a social app designed to offer personalized food and travel recommendations.
African hoteliers at the helm as Dubai-based luxury travel firm expands into Kenya
Miftah Concierge is a Dubai-based luxury travel service provider co-founded and led by African hoteliers Oscar Kato and Pascaline Nkwe.
First Black woman to lead a listed REIT, Leslie Hale earns $8.4 million from RLJ trust
Apart from her executive and governance roles, Hale owns a 0.94-percent minority stake in the leading real estate investment trust company.
Wale Tinubu’s Oando partners with U.S. firm to boost renewable power in Nigeria
Wale Tinubu, a top figure in the Nigerian energy sector, owns an indirect stake in Oando Plc through his 66.67 percent stake in OODP.
Top Black CEO Marvin Ellison suffers $8.1-million loss from investment in Lowe’s
Ellison is recognized as one of the world’s highest-ranking Black CEOs on the Fortune 500 list.
South African tech tycoon Zak Calisto gains $87 million from Karooooo stake
Calisto, who founded Karooooo in 2001 to provide stolen car recovery services in South Africa, holds a 74.73-percent stake in the company.