American billionaire Michael Dell passes Mark Zuckerberg as fifth-richest with $241 billion
Dell Technologies founder Michael Dell moved back ahead of Meta's Mark Zuckerberg as the world's fifth-richest person after a rebound in technology shares.
Otobong Tommy
Reporter
Otobong Tommy is a business writer and researcher with a background in public administration. She has worked with media and policy-adjacent institutions including Ventures Africa and NAEC, contributing to research and business reporting.
American billionaire Jeff Bezos' Earth Fund joins $500 million endangered species pledge
The Bezos Earth Fund, the climate and nature charity of Amazon founder Jeff Bezos, joined eight funders pledging $500 million to save endangered species.
South African financier Magda Wierzycka may leave the investment firm she founded
Sygnia founder Magda Wierzycka says she may reconsider her future at the firm if shareholders vote down an expanded share option scheme.
Wealthy Kenyan politician Musalia Mudavadi's firm to pay Absa $23 million for two insurers
A firm linked to Kenya's Musalia Mudavadi will pay Absa Sh3 billion to regain control of First Assurance, which its backers sold in 2015.
South African pharma tycoon Stephen Saad's Aspen shares gain $142 million in 2026
Aspen Pharmacare's founder holds shares worth $558.7 million after a 34% rally this year, yet the stake remains $1 billion below its 2015 peak.
Nigerian billionaire Folorunso Alakija receives honorary doctorate from UK's Buckingham University
The University of Buckingham has given Folorunso Alakija, the Nigerian oil tycoon behind Famfa Oil, an honorary doctorate for her business and charity work.
Nigerian pipeline billionaire Emeka Okwuosa says Africa can’t run on renewables alone
Oilserv founder Emeka Okwuosa says Nigeria's shift to clean energy must not cost it reliable power: "Energy transition must not be mistaken for energy abandonment."
Famous Brands, built by South Africa's wealthy Halamandaris family, stumbles in Botswana
Famous Brands, the Steers and Wimpy owner co-founded by the Halamandaris family, expects interim earnings to drop as much as 33% after a Botswana writedown.
Elon Musk settles lawsuits over $1 million voter giveaway
Elon Musk and America PAC have agreed to settle two lawsuits accusing them of misleading voters with a $1 million-a-day giveaway before the 2024 election.
Elon Musk unveils Tesla Roadster fitted with SpaceX thrusters
Elon Musk unveiled a redesigned Tesla Roadster with SpaceX-built thrusters, saying production will start in 2028, eight years later than first promised.
South African property tycoon Des de Beer acquires more Lighthouse shares
Delsa Investments, linked to South African property tycoon Des de Beer, bought 5.5 million shares in European mall owner Lighthouse Properties for R44.8 million.
Billionaire TY Danjuma leads $3.75 million drive to restore his 111-year-old alma mater
Retired Lt. Gen. TY Danjuma, a Nigerian billionaire, is leading a N5 billion drive, about $3.75 million, to rehabilitate Government College Katsina-Ala in Benue State.
VistaJet puts members on court with Ferrari's Charles Leclerc at US Grand Prix
VistaJet members will play pickleball with Ferrari's Charles Leclerc, then spend the US Grand Prix weekend inside Ferrari's Paddock Club in Austin.
Russian billionaires Alisher Usmanov and Mikhail Fridman hit by Lithuania asset freeze
Lithuania has imposed national asset freezes on Russian billionaires Alisher Usmanov and Mikhail Fridman, three weeks after the European Union lifted its sanctions on them.
American billionaire Michael Dell loses over $20 billion, slips to world's fifth-richest
Dell Technologies founder Michael Dell lost more than $20 billion on Wednesday as his company's shares fell 11%, dropping him to fifth on Forbes' ranking.
Indian billionaire Mukesh Ambani's Jio sets $3.1 billion IPO, India's largest ever
Mukesh Ambani's Jio Platforms will open India's largest IPO on Oct. 21, seeking about $3.1 billion at a valuation of roughly $107 billion.