South Africa’s richest man Johann Rupert rakes in $286 million in just 24 hours
Rupert’s net worth rose by $286 million in a day due to Richemont’s share surge.
Swazi billionaire Natie Kirsh bounces back from losses, gains $460 million
Kirsh’s net worth bounces back by $460 million after a multimillion-dollar slump earlier this year.
Meet Robert L. Johnson, the first Black billionaire; he ushered in a new era for Black entrepreneurs
As the founder and former chairman of BET, Johnson built America’s first Black-owned cable television network.
Egyptian billionaire Yasseen Mansour gains $2.2 million from real estate firm
Mansour sees gains from stake in Palm Hills Developments, with shares increasing by 20.86 percent.
Adidas proves it can thrive without Kanye West, set to sell $1 billion worth of Yeezy shoes
Adidas will sell $1 billion worth of Yeezy shoes made with Kanye West.
Africa’s first Black billionaire Patrice Motsepe loses $800 million
Motsepe’s net worth falls by $800 million as African Rainbow Minerals shares decline.
Nigerian oil tycoon Abdulwasiu Sowami completes acquisition of Ardova, pays Femi Otedola $19 million
In 2020, Sowami acquired a controlling stake in Forte Oil from Otedola’s Zenon Petroleum and Gas Limited.
Michael Lee-Chin, one of the world’s Black billionaires, sells megayacht for $362 million
Lee-Chin has also put his luxurious mansion, Coconut Walk Private Estate, up for sale for $35 million.
Herbert Wigwe invests $3.51 million in Lagos-based lender, Access Holdings
The transaction has increased Wigwe’s stake in Access Holdings from 9.19 to 9.62 percent.
Femi Otedola’s siblings, Ayokunle and Rotimi, acquire additional $2 million stake in Geregu
Geregu Power is a leading power-generating company led by Femi Otedola, one of Africa’s richest billionaires.
Kenyan manufacturing firm linked to 93-year-old tycoon loses $5.3-million tax dispute
The recent ruling means that Kaluworks must pay the demanded amounts for corporate tax and VAT.
South African billionaire Koos Bekker’s net worth declines by $200 million in 96 days
Bekker has been an active businessman since 1985.
Zak Calisto’s Karooooo reaches milestone, garnering $32 million in profit
Under the leadership of Calisto, Karooooo remains one of Africa’s most profitable tech companies.
Nigerian billionaire Femi Otedola opens up on Transcorp saga, Elumelu relationship
Nigerian billionaire Femi Otedola has opened up on the Trasncorp saga and his relationship with Tony Elumelu.
Washikala Malango: From refugee to visionary entrepreneur transforming energy in DRC
Under Washikala Malango’s leadership, Altech Group has emerged as the DRC’s leading provider of clean energy products and services.
JPMorgan acquires additional stake in Christo Wiese-linked retailer, Shoprite
Wiese, a South African billionaire who played a key role in the growth of Shoprite, has an 11.63-percent stake in the group.