African-American mogul Ye to sell off Balenciaga, Adidas, Gap hoodies for $20
Since Adidas severed ties with Ye in October, his net worth has declined by $1.6 billion.
South African businesswoman Noluthando Gosa’s stake in ArcelorMittal now worth $18.5 million
Gosa owns a 6.15-percent stake in ArcelorMittal South Africa.
Africa’s richest man Aliko Dangote’s cement plans to buy back shares worth $917 million
None of Dangote Cement’s directors will take part in the share buyback program.
Moroccan billionaire Othman Benjelloun gains $200 million in four weeks
The Moroccan billionaire derives the majority of his wealth from his investment in BMCE Group.
South African billionaire Patrice Motsepe gains $270 million in 53 days from stake in ARM
Motsepe, who founded ARM in 1997 as South Africa’s first Black-owned mining company, owns 39.7 percent of the company.
Billionaire Robert Smith’s Vista Equity secures $11 billion in latest flagship fund
Almost all of Smith’s fortune stems from his stake in Vista Equity.
South African billionaire Nicky Oppenheimer’s net worth increases by $225 million in 2022
The majority of Oppenheimer’s billion-dollar fortune stems from his private equity investments.
Serena Williams’ net worth increases by $20 million in 2022
Williams’ net worth has risen by $35 million since 2019.
South African billionaire Christo Wiese-linked Premier reveals plans to list on JSE
Premier Group operates under the banner of Brait SE.
Kenyan businessman James Mwangi donates $1 million to support families facing extreme hunger
Kenya is suffering from its worst drought in decades.
Africa’s richest man Aliko Dangote is now richer than Binance boss Changpeng Zhao
Dangote has a net worth of $18.3 billion.
26-year-old Nigerian entrepreneur becomes youngest Black woman to raise $10 million
Olowe is a serial entrepreneur who recently graduated from UCLA.
Nairobi-based tycoon Kamal Budhabatti’s Little announces Naivas, Carrefour as new partners
Budhabhatti founded Little in collaboration with the telecom giant Safaricom in 2016.
Nigerian banker Herbert Wigwe acquires additional stake worth $1.5 million in Access Holding
The deal has solidified his interest in the group.
Fourteen of Africa’s 18 billionaires too poor to make Forbes 400 list
It now takes $6 billion to make the Forbes 400 richest list.
South African tycoon Laurie Dippenaar gains $48 million in 27 days from stake in FirstRand
Dippenaar holds a 1.76-percent stake in FirstRand.