Michael Jordan nears $4 billion net worth
Michael Jordan nears $4 billion fortune as his wealth hits $3.8 billion, ranking among the world’s richest Black billionaires.
Egyptian billionaire Sadek El-Sewedy loses nearly $60 million from Elsewedy stake
Egyptian billionaire Sadek El-Sewedy’s stake in Elsewedy Electric drops by $58.6 million as shares decline.
Michael Jordan, Kobe Bryant card sells for nearly $13 million
A rare Michael Jordan and Kobe Bryant card sells for nearly $13 million, breaking records in sports collectibles.
Beyoncé and Jay-Z, worth nearly $3.4 billion, face $110 million in debt
Despite $3.4 billion in wealth, Beyoncé and Jay-Z owe $110.55 million on their Bel-Air home, with mortgages and taxes adding up.
Malagasy tycoon Hassanein Hiridjee’s AXIAN Energy to build $53 million solar plants in Benin
AXIAN Energy partners with Sika Capital on a $53 million solar project to power 50,000 homes in Benin.
Patrick Bitature, one of Uganda’s richest men, faces $10 million legal setback
Ugandan tycoon Patrick Bitature faces $10 million legal setback from South Africa’s Vantage Mezzanine Fund II Partnership.
Moroccan developer Alami Lazraq sees stake recover to $700 million
Moroccan tycoon Alami Lazraq’s stake in Alliance rebounds to nearly $700 million as ADI shares surge on the Casablanca bourse, lifting Morocco’s real estate market.
Nigerian tycoon Abdullahi Bashir Haske targeted as EFCC seeks to freeze $15 million account: Report
EFCC seeks to freeze $15 million belonging to Nigerian businessman Abdullahi Bashir Haske amid money laundering and criminal conspiracy claims.
Zimbabwean tycoon Ken Sharpe criticizes Harare fees after $4 billion project launch
Zimbabwean tycoon Ken Sharpe urges reforms after unveiling Pomona City, a $4 billion WestProp development in Harare.
U.S.-Nigerian mogul Sam Darwish’s stake in IHS nears $90 million
Sam Darwish’s stake in IHS Towers approaches $90 million as the NYSE-listed telecom company climbs 137% in 2025 on growth in Africa and Brazil.
Naguib Sawiris overtakes brother Nassef as Egypt’s richest man
Naguib Sawiris’ fortune hits $9.13 billion, edging past brother Nassef’s $9.03 billion in Bloomberg’s latest ranking.
South African pharma tycoon Stephen Saad loses $44 million from Aspen stake
Aspen Pharmacare shares slide 33 percent, cutting Stephen Saad’s stake by $44 million amid global pharma pressures.
Palantir CEO Alex Karp’s net worth drops $1.9 billion after peaking at $16.4 billion
Alex Karp’s net worth falls to $14.5 billion after a $1.9 billion drop, even as Palantir reports record revenue and contracts.
Kenyan banker James Mwangi-led Equity Group posts $267 million half-year profit
Kenyan banker James Mwangi leads Equity Group to a 17% profit rise, posting $267 million with assets reaching $13.9 billion.
Africa’s richest man Aliko Dangote loses $549 million overnight
Aliko Dangote’s net worth drops $549 million as Dangote Cement shares fall nearly 10 percent, reducing his stake to $4.96 billion.
South African tycoon Mike Teke’s Seriti secures $295 million for Mpumalanga wind project
Seriti Green secures $295 million for a major wind project in Mpumalanga, expanding clean power and creating 800 jobs.