Egyptian steel magnate Ahmed Ezz’s stake in Ezz Steel rises by over $100 million
In just two weeks, the Egyptian steel magnate has seen his stake in the steel giant appreciate by more than $100 million amid soaring investor confidence.
Nigerian billionaire Femi Otedola’s stake in FBN Holdings tops $84 million after latest purchase
Otedola’s recent acquisition solidifies his position as the largest shareholder in the parent company of First Bank of Nigeria, raising the market value of his stake to $84.2 million.
Nigerian billionaire Femi Otedola’s wealth grows by $400 million despite naira devaluation
Otedola’s net worth has surged by $400 million since the start of 2024, increasing from $1.1 billion to $1.5 billion, according to Forbes.
Diddy’s legal battles prompt asset sales as he remains in custody
Combs was arrested last week and remains in custody after twice being denied bail.
Vista Equity, under America’s second-richest Black billionaire, joins Blackstone in $8.4-billion Smartsheet deal
This acquisition is expected to deliver substantial value to Smartsheet’s shareholders and aligns seamlessly with the investment strategies of both firms.
Aspen’s 20-percent stock decline costs South African tycoon Stephen Saad nearly $160 million
Saad's wealth drops by nearly $160 million after Aspen Pharmacare's shares tumble 20.17 percent over the past 25 days on the JSE.
Aliko Dangote, Africa’s richest man, to open family office in Dubai amid wealth protection shift
The move comes as Dangote, 67, continues to expand his industrial empire, which includes cement, sugar, fertilizer, and a newly operational $20-billion oil refinery in Lagos.
Africa’s richest man Aliko Dangote says he lacks ‘excess liquidity’ to acquire Arsenal
Dangote, a lifelong Arsenal fan and founder of the diversified Dangote Group, made the disclosure during an interview with Bloomberg’s Francine Lacqua.
Beyoncé poised for multimillion-dollar deal with Levi Strauss
Levi Strauss teased a potential collaboration with Beyoncé in a cryptic Instagram post.
Black shareholders oppose Vodacom’s $2.3-billion payout to ‘Please Call Me’ inventor Nkosana Makate
Nkosana Makate, inventor of the “Please Call Me” service, faces a new setback in his legal battle against Vodacom Group.
Egyptian billionaire Yasseen Mansour invests $10.4 million in Egypt’s education sector
Egyptian billionaire Yasseen Mansour increases stake in Taaleem Management Services with $10.4 million share purchase.
Access Holdings, led by Nigerian banker Aigboje Aig-Imoukhuede, posts $174.5 million in profit in H1 2024
Access Holdings’ profit surges to $174.5 million in H1 2024, riding on strong asset growth and income gains.
Nigerian businessman Tony Elumelu's UBA targets $20-trillion revenue in 25 years
The goal, announced by UBA Group Managing Director and CEO Oliver Alawuba, underscores the bank’s vision to become one of the world’s top 10 banks over the next 25 years.
David Steward secures position as richest Black billionaire in U.S. with $12.7-billion fortune
This spike in his wealth has re-established Steward at the top after a series of fluctuations earlier this year.
South African billionaire Michiel Le Roux's Capitec Bank stake soars above $2.2 billion
Le Roux's stake in Capitec Bank has increased by $95.3 million in just two weeks, reflecting significant gains.
OCI, owned by Egypt’s richest man Nassef Sawiris, to sell methanol business for $2.05 billion
The $2.05-billion deal includes U.S. and European assets and a stake in Natgasoline LLC.