Johann Rupert’s Richemont gains approval to sell YNAP to Mytheresa
The deal, executed through Richemont’s subsidiary Richemont Italia Holding S.P.A., is set to close on Apr. 23, 2025.
Tyler Perry ranks as world’s richest actor with $1.4 billion
Since 2021, Tyler Perry has added $400 million to his wealth through deals with Netflix, Amazon Studios, and BET.
Johann Rupert gains $1.3 billion following US tariff pause
His stake in Richemont benefited from a 5% surge in shares following President Trump’s announcement of a three-month tariff pause, excluding China.
Cape Town, Marrakesh, Nairobi stand out as Africa’s ultra-rich hubs
A new class of centimillionaires (people with $100 million or more in investable assets) is not just growing in number but also in presence.
Wale Tinubu’s Oando faces sabotage attacks on newly acquired pipelines
Oando Plc, one of Nigeria’s leading oil companies, said three separate incidents were recorded over the past week.
Johann Rupert gains $1.1 billion in just 24 hours
South Africa’s richest man, Johann Rupert’s net worth, surged by $1.1 billion in less than 24 hours, reaching $14.3 billion.
Rob Hersov backs U.S. aid cuts to South Africa
South African billionaire Rob Hersov backs U.S. aid cuts to South Africa, calls for more sanctions against ANC.
Emeka Offor donates $5 million to fight maternal deaths in Nigeria
Nigerian oil mogul Emeka Offor pledges $5 million to The Rotary Foundation to improve maternal and neonatal health in Nigeria’s high-need areas.
Kola Karim eyes big cashout from Mota-Engil’s DBN Energies takeover
Mota-Engil, a Portuguese construction firm, plans to acquire DBN Energies, an oil infrastructure specialist, from Kola Karim.
Ibidapo Lawal unveils $150 million-a-year aluminum plant in Nigeria
The plant, which is expected to generate $150 million in annual revenue once fully operational, will play a significant role in boosting Nigeria’s industrial sector.
Ivan Glasenberg makes first Glencore share purchase in a decade
Ivan Glasenberg increases stake in Glencore after decade-long gap. His stake is worth around $3.7 billion, making him Glencore’s largest individual shareholder.
Thom Mpinganjira’s FDH Bank stake hits $500 million
This significant growth comes after a notable rise in the shares of the Blantyre-based lender on the Malawi Stock Exchange (MSE).
Barry Swartzberg loses $40 million from stake in Discovery
South African businessman Barry Swartzberg’s stake in JSE-listed Discovery has dropped by $40.1 million, falling from R5.5 billion ($283.8 million) to R4.72 billion ($243.7 million).
Pascal Dozie, founder of defunct Diamond Bank, dies at 86
Dozie founded Diamond Bank in 1990, growing it into a major player before its acquisition by Access Holdings in 2018.
Benedict Peters resolves dispute at Accra Apartment Complex, no arrests, police confirm
Pan-African billionaire Benedict Peters’ dispute over lift access at an Accra apartment complex led to a peaceful vehicle protest, resolved without disruptions.
Abdul Samad Rabiu signs deal for palm oil refinery
The facility will support sustainable practices in agriculture and manufacturing.