Bernard Arnault’s LVMH sets sights on South African billionaire Johann Rupert’s Richemont
Richemont ranks as the fourth-largest luxury company globally.
Nigerian billionaire Abdul Samad Rabiu’s net worth skyrockets to $8 billion, eyes Africa’s top 3 richest spot
Rabiu is also set to receive a dividend of $198 million.
5 African countries with lower government spending than Aliko Dangote’s $640-million dividend
Dangote’s dividend exceeds the yearly government expenditures of these five African countries.
Swazi billionaire Natie Kirsh’s London skyscraper Tower 42 plummets in value by $10 million
Tower 42 is the fifth-tallest tower in London.
Nigerian energy magnate Bryant Orjiako’s Seplat rakes in $950 million in revenue in 2022
Orjiako and Austin Avuru are both credited with turning Seplat Energy into the largest listed company on the Nigerian Exchange.
10 facts about world’s first and richest Black woman billionaire Oprah Winfrey
Winfrey is the world’s first and wealthiest Black woman billionaire.
Aliko Dangote’s cement company reaches all-time highs, profits exceed $800 million in 2022
Dangote recommended a dividend of $0.0434 per share.
Inside Michael Jordan’s $1.7-billion fortune and trailblazing journey to becoming first athlete-billionaire
In June 2014, Jordan became the first athlete to amass a billion-dollar fortune.
Meet the 7 richest South African billionaires in 2023
South Africa maintains its position as Africa’s largest wealth market and most industrialized economy.
Adidas reportedly inks new deal with Kanye West in bid to sell off $500-million Yeezy inventory
West’s net worth has declined by $1.6 billion since his split with Adidas.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement smashes records, surpasses $210-million profit in 2022
BUA Cement Plc is one of Nigeria’s leading cement companies.
Zimbabwean mogul John Moxon gains $6.4 million in under 60 days from stake in Meikles
Moxon ranks as one of the richest businessmen in Zimbabwe.
Abdul Samad Rabiu reclaims title of fourth-richest man in Africa with $700-million net worth surge
Rabiu’s net worth has increased by more than $700 million in the past 24 hours, from $7.1 billion to $7.8 billion.
Adidas’ debt rating takes a hit as Kanye West’s departure impacts earnings
Since Adidas severed ties with Kanye West in October 2022, his net worth has declined by $1.6 billion.
Rihanna’s next billion-dollar move: The cosmetics mogul sets sights on new ventures to boost Fenty Brand
Rihanna is not resting on her laurels.
Nigerian billionaire Femi Otedola donates $4.3-million engineering faculty complex to Augustine University
As an added honor, in September 2022, Otedola was appointed as the distinguished chancellor of the university.