Egyptian billionaire Yasseen Mansour’s Palm Hills signs deal for real estate project in UAE
Palm Hills expands beyond Egypt with a major Abu Dhabi project near Saadiyat Island, boosting Gulf presence amid record-breaking Q1 2025 sales.
Legal dispute threatens Tanzanian billionaire Rostam Aziz’s Mombasa LPG project
Rostam Aziz’s Mombasa LPG project faces court challenge over alleged environmental harm, coral disruption, and lack of community consultation.
Moroccan billionaire Anas Sefrioui’s stake in Addoha falls below $1 billion
Sefrioui, founder and majority shareholder of Addoha, holds a 64.78 percent stake—equivalent to 260.8 million shares in the Casablanca-based real estate group.
Kenyan businessman Julius Mwale cleared as U.S. court dismisses $1.7 million lawsuit
The court upheld a 2023 loan modification and release agreement barring future claims, ending disputes over alleged business loan issues linked to MMTC.
Egyptian billionaire Yasseen Mansour makes $4 million from Palm Hills
Over the past 15 days, the company’s stock has risen by 9.64 percent, boosting Mansour’s stake from $43.15 million to $47.31 million.
South African media mogul Terrence Moolman loses $7 million from Caxton shares
South Africa's media landscape shifts as Caxton & CTP Publishers stock dips, impacting CEO Terrence Moolman’s fortune.
South African billionaire Patrice Motsepe’s fortune jumps to $3.2 billion
According to Forbes estimates, his net worth rose from $3 billion in mid-March to $3.2 billion by late May.
Black billionaire Alex Karp sells more than $50 million in Palantir stock
The sale was part of automatic transactions to cover tax obligations related to vested restricted stock units.
Zak Calisto joins African billionaire ranks after Karooooo stake tops $1 billion
His controlling stake in Karooooo has surpassed the $1 billion mark, a milestone first reported by Billionaires.Africa.
Malawi’s richest man sees $89 million decline in FMB Capital stake
The continued slide in the company’s share price on the Malawi Stock Exchange has dragged down his holdings significantly.
Otedola hails Tinubu, Cardoso’s reforms as FirstHoldCo regains profitability
At the 13th Annual General Meeting of FirstHoldCo, Otedola pulled back the curtain on the scale of his vision.
South Africa’s Giovanni Ravazzotti takes $33.6 million loss on Italtile investment
The downturn reflects mounting investor caution regarding the company’s near-term growth prospects amid a challenging economic climate in South Africa.
Mauritian businessman Arnaud Lagesse’s IBL Group posts $87 million profit
The results reflect the continued strength of its international operations, which helped cushion the impact of rising costs in its home market.
Rupert joins Dangote, Ogunlesi among African billionaires visiting Washington
Johann Rupert, South Africa’s richest man and Richemont chairman, arrived in Washington during tense talks between Trump and President Ramaphosa.
Kanye West’s South Korea show canceled after $20 million contract loss in Japan
This follows Japan’s $20 million Tokyo Dome show drop after controversial onstage behavior offended local cultural values.
Algeria’s richest Issad Rebrab’s Cevital taps European partner for Béjaïa project
The wastewater treatment plant is a practical step that helps the company stay productive, meet regulatory requirements, and reduce its environmental impact.