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.
Abdul Samad Rabiu loses Africa’s fourth-richest spot as net worth drops $545 million in 24 hours
Rabiu maintains his rank as Nigeria’s second-richest person, outpacing telecom billionaire Mike Adenuga.
Namibian businessman Koos Brandt rakes in nearly $4 million from Capricorn share
The market value of Brandt’s stake in Capricorn has risen by $3.96 million this year.
Egyptian billionaire Nassef Sawiris overtakes Abdul Samad Rabiu as Africa’s fourth-richest man
Since the start of the year, Sawiris’ net worth has risen by $200 million.
Meet seven African billionaires absent from Forbes’ 2023 billionaires list
The total number of African billionaires stands at 26.
Meet the late Reginald Lewis, the first Black businessman to build a billion-dollar company
With a net worth of $400 million in 1993, Forbes listed Lewis as one of the 400 richest Americans.
Fintechs led by Ham Serunjogi, Favor Ori help Elon Musk’s Starlink in processing over $400,000
Serunjogi announced that users in Nigeria have already spent over $100,000 on their SpaceX Starlink kits using Chipper Cash Visa Cards.
Africa’s richest man Aliko Dangote’s wealth grows by $541 million despite Nigeria’s cash woes
Dangote’s net worth now stands at $19.2 billion.
South African billionaire Patrice Motsepe’s net worth slumps by $400 million
Motsepe owns 39.7 percent of ARM.
Tyler Perry steps up to save Atlanta residents from rising real estate taxes with $2.75-million donation
Perry earned $175 million last year.
Meet the first Black billionaire who rebuilt his wealth after costly divorce settlement
As the first Black billionaire, Johnson continues to attract capital and create value for investors.
Steven Bartlett, one of Europe’s most influential entrepreneurs, is investing $100 million in female-founded firms
In 2022, Bartlett made history as the youngest-ever Dragon on BBC’s hit show, “Dragon’s Den.”
Egyptian businessman Ahmed El-Sewedy’s firm plans to introduce innovations in Uzbekistan’s energy sector
Elsewedy Electric is a multinational cable and electrical equipment manufacturer.
Sudanese-British billionaire Mo Ibrahim’s net worth surges by $100 million
Ibrahim holds the distinction of being both a Black British billionaire and the wealthiest Sudanese businessman.
Top 5 African billionaires add $3.05 billion to their wealth in just 45 days
They have gained $3.052 billion in net worth since the start of the year.