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.
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.
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.
South African billionaire heir Richard Enthoven buys $12 million Sydney beach house
Hollard Australia founder Richard Enthoven has been revealed as the buyer of a A$17.4 million ocean-view home at Ben Buckler in Sydney's North Bondi.
Czech arms billionaire Michal Strnad buys $434 million stake in Canada's MDA Space
The 34-year-old owner of Czechoslovak Group has made his biggest move yet into the space industry, taking a 9.5% stake in the Canadian satellite maker.
Italian billionaire heir Leonardo Maria Del Vecchio admits drug use, attacks Ray-Ban boss
The 31-year-old heir to the EssilorLuxottica fortune spoke about drugs and debt on a podcast while stepping up his attacks on CEO Francesco Milleri.
French billionaire Bernard Arnault's fortune falls to $132 billion as LVMH sales slip
LVMH chairman Bernard Arnault's fortune keeps shrinking after a drop in Louis Vuitton and Dior sales in China sent the luxury giant's shares lower again.
Zimbabwean billionaire Kudakwashe Tagwirei is sworn in as a cabinet minister
Kudakwashe Tagwirei, the US-sanctioned fuel and mining tycoon seen as President Mnangagwa's favored successor, has been sworn in as Zimbabwe's investment minister.
Indian billionaire Adar Poonawalla's lender posts fivefold jump in quarterly profit
Poonawalla Fincorp, the lender controlled by Adar Poonawalla, posted a fivefold jump in quarterly profit as its loan book and margins grew.
French billionaire Pierre Castel's daughter wins court fight over his African beer empire
A Singapore court has upheld Romy Castel's votes to remove CEO Grégory Clerc from the board of a key company in her father's drinks empire.
Congolese billionaire Lucien Ebata plans a 20-fold jump in his oil output
Congolese oil tycoon Lucien Ebata says his company Trident OGX aims to raise production from 2,500 barrels a day to as much as 50,000.
South African billionaire Patrice Motsepe says his current CAF term will be his last
South African billionaire Patrice Motsepe has confirmed he will step down as president of the Confederation of African Football when his term ends.
Nigerian billionaire Aliko Dangote's $16 billion Kenya refinery deal faces mounting scrutiny
Pressure is building in Kenya for the government to publish the terms of Aliko Dangote's $16 billion Lamu refinery, including taxpayers' share.
American billionaire David Duffield sells $18.6 million of Workday shares
Workday co-founder David Duffield has sold $18.6 million of the software company's shares, leaving him with a stake worth about $6.7 billion.
Tanzanian billionaire Rostam Aziz's takeover of the country's top gas field is blocked by regulator
Tanzania's competition watchdog has blocked Taifa Gas, controlled by tycoon Rostam Aziz, from buying the operator of the country's biggest producing gas field.
British billionaire Chris Hohn built a record-breaking hedge fund to pay for Africa's children
British billionaire Chris Hohn built a hedge fund that made $18.9 billion last year. Much of his fortune now funds child health programs across Africa.
Egyptian billionaire Ahmed Elsewedy plans to build electric cars in Algeria
Egyptian billionaire Ahmed Elsewedy’s Elsewedy Electric wants to build electric and hybrid cars in Algeria under its Elsewedy EZZ brand.