South Africa’s richest man Johann Rupert gains $1.4 billion as net worth surpass $10 billion
Rupert still ranks among those African billionaires who have lost a significant portion of their wealth since the start of the year.
African-American mogul Sheila Johnson’s net worth increases by $30 million
Johnson cofounded BET in 1979 and sold it to Viacom for $3 billion in 2001.
Nigerian mogul Pascal Dozie’s stake in MTN Nigeria now worth $148 million
Dozie still owns a 1.6-percent stake in the telecom service provider.
American billionaire Jay-Z meets Jeff Bezos in LA amid plans to acquire NFL team
Bezos is the world’s fourth-richest billionaire, while Jay-Z is the world’s 2,085th richest man.
French businessmen Jeremy Hodara, Sacha Poignonnec step down as co-CEOs of Jumia
Jumia is Africa’s leading e-commerce platform.
Australian billionaire Andrew Forrest’s firm signs deal to build 300-MW fertilizer plant in Kenya
Forrest has a net worth of $16.7 billion.
South African businessman Jens Montanana’s Datatec posts lower earnings in H1 2023
Montanana owns a significant 11.98-percent stake in the Johannesburg-based group.
South African retail tycoon Ackerman family gains $20 million in 15 days from Pick ‘n Pay
Pick ‘n Pay operates more than 2,000 stores across eight African countries.
Egyptian billionaire Nassef Sawiris-linked Fertiglobe posts $1.07 billion in profit in 9M 2022
Fertiglobe is a 58-42 percent joint venture between OCI N.V. and ADNOC.
Ye’s net worth slumps by $1.6 billion to $400 million in days
Ye’s $400-million fortune is made up of real estate, cash, a music catalog, and a five-percent stake in Skims.
OPEC says Aliko Dangote’s petrochemical refinery to account for over half of Africa’s refining additions
THE Dangote Refinery is a $19-billion integrated petrochemical refinery complex.
U.S. billionaire Jeff Bezos’ cloud computing business AWS opens first office in Nigeria
AWS is a subsidiary of Amazon.com.
Egyptian mogul Hend El-Sherbini’s IDH to launch diagnostic venture in Saudi Arabia
IDH is a major consumer healthcare group in the Middle East and Africa.
South African tycoon Stephen Brookes’ Balwin Properties posts $9 million in mid-year profit
Brookes owns a 36.08-percent stake in Balwin Properties.
Lesotho tycoon Sam Matekane sworn in as prime minister
Matekane is the founder of Matekane Group.