Nigerian billionaire Adebayo Ogunlesi’s net worth rises to $2.5 billion after $800 million gain
Adebayo Ogunlesi’s fortune rises to $2.5 billion in 2025 after an $800 million gain from BlackRock stake growth and major deals.
South African tycoon Adrian Gore's Discovery stake slips under $600 million
Discovery co-founder Adrian Gore sees $21 million erased from his stake as JSE market pressures mount.
Kanye West’s onetime estate listed for just under $17 million
Kanye West’s former Hidden Hills estate returns as a rebuilt 11,000-sq-ft ranch listed for just under $17 million.
Nigerian logistics tycoon Taiwo Afolabi’s SIFAX Group boosts Lagos port efficiency
SIFAX Group partners with Micura Services and expands trade links to the UK, India, and China to improve Lagos port operations and ease exports.
Capitec stock falls, South African billionaire Michiel Le Roux loses $70 million
Michiel Le Roux loses $70 million as Capitec Bank stock falls, but his $2.5 billion stake still signals long-term strength.
Egypt’s second-richest man, Naguib Sawiris, is $2 billion richer this year
Naguib Sawiris adds $2 billion to his net worth, nears $9 billion with new investments in clean energy and mega real estate projects.
Malawian businessman Thom Mpinganjira’s FDH Bank agrees to buy Ecobank Mozambique
Custodian Investment reports $81.4 million revenue, $17.3 million profit, and $299 million in assets for the first half of 2025.
Shoprite, backed by South African billionaire Christo Wiese, posts $14.6 billion in annual sales
Shoprite’s annual sales rose to $14.6 billion, led by South African supermarket growth, digital expansion, and structural shifts across its portfolio.
South African multimillionaire Ackerman family steps back from Pick n Pay leadership
South African multimillionaire Ackerman family ends control of Pick n Pay after $171 million loss triggers leadership shakeup.
Femi Otedola’s ‘Making It Big’ draws praise from WTO’s Okonjo-Iweala and AfDB’s Adesina
Femi Otedola’s memoir earns praise from Okonjo-Iweala and Adesina for its honest take on business, failure, and lasting success.
Nigerian insurance tycoon Wole Oshin’s Custodian posts $81.4 million in half-year revenue
Custodian Investment reports $81.4 million revenue, $17.3 million profit, and $299 million in assets for the first half of 2025.
U.S. richest Black billionaire, Karp, leads Palantir to $1.8 billion in half-year revenue
Alex Karp leads Palantir to $1.88 billion in revenue and $546.3 million net income as AI software demand fuels record contracts.
Aliko Dangote set to become first African with $30 billion fortune
Dangote nears $30 billion fortune as rising cement and sugar shares add $1.23 billion to his wealth in 2025.
South African billionaire Patrice Motsepe’s net worth falls by $200 million over 17 days
Patrice Motsepe’s net worth drops by $200 million in 17 days as African Rainbow Minerals battles profit declines and market pressure.
Fidelis Ayebae retires as Fidson CEO after building Nigerian drugmaker into $66 million giant
Ayebae steps down as Fidson CEO after 30 years; firm posts $3.97 million profit and plans $20 million capital raise.
Black billionaire Robert F. Smith’s Vista targets $200 million savings through loan market pivot
Robert F. Smith’s Vista Equity pursues $200 million savings by swapping costly private debt for syndicated loans.