African-American billionaire Alex Karp’s loses $100 million in 16 days
The decline in Karp’s fortune comes despite Palantir achieving impressive milestones under his leadership.
South African tycoon Gus Attridge gains $7.95 million from Aspen shares
The latest bump in his fortune comes on the heels of previous gains between Feb. 12 and March 24, when his stake in Aspen grew by R447.12 million ($25.12 million).
Kenyan tycoon Narendra Raval’s Devki Group secures $32.7-million credit facility
The news of this substantial credit facility coincides with Narendra Raval’s decision to shift a significant portion of Devki Group’s business accounts to Stanbic Bank Kenya.
Algerian-born French entrepreneur Sue Nabi loses $83.6 million from Coty stake
Despite the decline, Nabi remains a key player in the beauty industry. As Coty’s CEO, her visionary leadership continues to significantly impact the global beauty landscape.
Nigerian tycoon Tony Elumelu-linked power company pays off foreign currency loan
With a strong revenue and profit trajectory, Transcorp Power remains well-positioned for continued growth and innovation within Nigeria’s energy sector.
South Africa’s richest person Johann Rupert’s net worth soars $200 million in a day
After a challenging period, South Africa’s richest person Johann Rupert has seen his net worth rebound by $200 million in the past…
Dangote’s fortune rebounds above $17 billion as naira leads global currencies in April
Dangote remains Africa’s richest person and the world’s wealthiest Black billionaire. His net worth has surged past $17 billion.
Egypt’s richest man loses $350 million in just six days
The leading Egyptian billionaire has seen his ranking on the Bloomberg Billionaires Index slip following a decline in the market value of his holdings.
Africa’s first Black billionaire Patrice Motsepe’s fortune rebounds by $200 million
The surge in Motsepe’s fortune is linked to the performance of his 45.9-percent stake in African Rainbow Minerals (ARM).
Botswana tycoon Gulaam Abdoola’s Turnstar sees rental revenue top $24 million
Turnstar anticipates a significant year-on-year increase in pre-tax profit for the fiscal year ended Jan. 31, 2024, under Abdoola’s leadership.
One of America’s richest Black CEOs, Craig Arnold loses $6.2 million from Eaton stake
The market value of Arnold’s stake in the company has declined by $6.21 million over the past eight days, dropping from $170.89 million on April 5 to $164.68 million.
Moroccan billionaire Moulay Hafid Elalamy’s Saham acquires Societe Generale Maroc for $793 million
The acquisition marks a strategic shift for Saham Group as it absorbs all activities, client portfolios, and employees of the acquired entities.
South African tycoon Neal Froneman-led Sibanye considers cutting 4,000 jobs in major gold restructuring
Froneman underlines restructuring need to fortify balance sheet
Ethiopia’s richest man Mohammed Al-Amoudi gains $320 million in 15 days
The recent uptick in his fortune is mainly credited to the strong performance of his broad industrial investments in Sweden, Saudi Arabia, and Ethiopia.
Zenith Bank, led by Nigerian banking tycoon Jim Ovia, to distribute $88.3-million dividend
The record dividend payout underscores its unwavering dedication to shareholder value and its position as a top player in Nigeria’s banking sector.
South African billionaire Ivan Glasenberg gains $520 million in two weeks
Glasenberg’s rising fortune further cements his position among the world’s richest individuals.