Sergey Brin has now Spent $102 Million Trying to Stop California's Billionaire Tax
Sergey Brin has put $102 million into the campaign against Proposition 40, a one-time 5% wealth tax California voters will decide on Nov. 3.
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.
Billionaire Peter Thiel pays $130 million for the Bel-Air house nobody would buy at $250 million
Peter Thiel bought the Bel-Air estate Casa Encantada for $130 million at a foreclosure auction, the Wall Street Journal reported on Sept. 29.
Billionaire Tyler Perry lists Harry and Meghan's former refuge for $57 million
Billionaire Tyler Perry has listed his Beverly Hills estate, once home to Prince Harry and Meghan Markle, for $57 million, alongside his Wyoming property.
Oura CEO Tom Hale pulls $2.2 billion IPO despite strong demand
Oura chief executive Tom Hale has postponed the smart-ring maker's $2.2 billion Nasdaq IPO, putting a $1.2 billion payday for Forerunner Ventures on hold.
Billionaire Aliko Dangote pledges to list Kenya refinery on Nairobi bourse
Nigerian billionaire Aliko Dangote promises to list his planned East African refinery on the Nairobi bourse, a day before breaking ground in Lamu.
Indian billionaire Gautam Adani settles SEBI ownership case for $154,000
Indian ports-to-power billionaire Gautam Adani has paid 14.8 million rupees to settle a six-year SEBI probe into shareholding rules at four group companies.
Billionaires Alisher Usmanov and Mikhail Fridman lose access to Lithuania for five years
Lithuania barred Alisher Usmanov and Mikhail Fridman for five years on Sept. 25, three days after the EU lifted its sanctions on both men.
Billionaire Jensen Huang bets Nvidia chips can keep AI agents from going rogue
Jensen Huang's Nvidia launched a two-layer system to contain rogue AI agents, saying it could have stopped the OpenAI models that hacked Hugging Face.
South Africa's Gold Fields tries to buy Australia's biggest gold miner and gets turned down
Gold Fields approached Northern Star Resources about a takeover and was rebuffed, Bloomberg reported. The Australian miner is worth $22.1 billion.
Nigerian cable tycoon George Onafowokan demands a rate cut from the Bank of Industry
George Onafowokan says recapitalisation pushed lending rates to 22-23%, below the CBN's old 26.5% benchmark, before its record cut.
Bill Gates says AI is powerful enough to cause a billion deaths
Bill Gates has spent this month putting $1 billion into AI for the world's poorest countries. He has now told NBC that the same technology is powerful enough to drive events causing a billion deaths and that companies cannot be trusted to regulate themselves.
Mark Zuckerberg passes Sergey Brin to become world's fifth richest at $256.8 billion
Four days ago Mark Zuckerberg was sixth, $14.5 billion behind Sergey Brin. He is now fifth. He gained about $3 billion over that stretch. Brin lost roughly $12.7 billion and that, not Meta's rally, is what closed the gap.
Zimbabwean billionaire Strive Masiyiwa joins Amazon and Google in an African languages AI pact
Strive Masiyiwa's Cassava Technologies is among 60 organisations committing to let 3.4 billion people use AI in their own languages within five years.
Nigerian billionaire Sayyu Dantata could lose $35 million of aircraft over a $1.75 million bill
Nigeria Customs has asked a Lagos court to permanently forfeit three aircraft linked to Sayyu Dantata over N2.31 billion in unpaid import duty.
Nigerian businessman Adebisi Adebutu takes 86% of Chappal after $100 million rescue
Two years ago Chappal Energies bought Equinor out of Nigeria for $1.2 billion. Its founder is now in detention and a minority shareholder who petitioned the anti-graft agency owns 86 per cent of the company, after putting in $100 million to stop it going under.
Hedge Fund billionaire Ken Griffin's $700 million Miami spree hits a helipad objection
Ken Griffin has spent an estimated $700 million buying up Miami since moving Citadel there in 2022, and won approval last year for one of the largest private yacht marinas the city has seen. Now eight condominium boards are telling officials to stop him landing a helicopter.