6 companies in Lo Toney's portfolio that show how he's reshaping venture capital
Lo Toney built Plexo Capital out of Google Ventures and now holds stakes in some of the most consequential companies in tech and media.
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Meet Kenneth Saffold, the Morehouse and Wharton graduate who built a $400 million investment firm
Kenneth Saffold went from Goldman Sachs analyst to BlackRock managing director, then bet everything on a firm he built from scratch.
Billionaire Michael Jordan's private dining club has not yet opened in Sarasota, and it is already getting bigger
Michael Jordan's members-only dining club 1000 North has gone under contract to buy an adjacent downtown Sarasota property, expanding before the club has even opened its doors.
Oriental Weavers, controlled by Egypt's wealthy Khamis family, pays $18.3 million dividend for 2025 on flat profit
Egypt's Oriental Weavers Carpets will pay EGP 997.66 million ($18.3 million) in dividends for 2025, starting May 2026, as the world's largest carpet maker held profit nearly flat on record revenue.
Nigeria owes its most powerful businesspeople billions and is now trying to pay them back with a N3.3 trillion bond backed by the state
Nigeria's N3.3 trillion power sector debt settlement puts the Tinubu government in the awkward position of owing billions to the country's most powerful private investors.
Ibrahim Mahama's Engineers and Planners wins competitive tender for Ghana's Damang gold mine after Gold Fields' 30-year tenure ends
Ghana has awarded the Damang gold mine lease to Ibrahim Mahama's Engineers and Planners after the firm scored highest in a 4-company competitive tender, beating out three rivals.
How Lindsay Lee spotted AppLovin before it was worth $130 billion and what he backed next
Lindsay Lee led early bets on AppLovin and Guardant Health before founding Authentic Ventures. Here are the businesses across his portfolio.
How Tarrus Richardson built a $500 million private equity empire on businesses others overlook
Tarrus Richardson built IMB Partners into a leading minority-owned US private equity firm. Here are the businesses at the center of his empire.
Meet Howard Sanders, the man who left Citigroup to build a $1.3 billion Black-owned private equity firm
Howard Sanders walked away from Citigroup in 2011 with a plan and a conviction. Auldbrass Partners, now worth $1.3 billion, is what happened next.
African Wealth Briefing — Wed., April 8, 2026
Zenith Bank CEO Adaora Umeoji's 285 million-share stake is now worth $21 million, plus diaspora profiles of Charles Phillips, Tammy Jones and Paul Judge — and our April Investor Memo on the Kirsh Effect remains available for Elite subscribers.
Tetracore Energy opens CNG station in Benin City to fuel Nigeria's gas push
Tetracore Energy Group has commissioned a new CNG station in Uwusan, Benin City, capable of fueling up to 200 vehicles daily.
Adaora Umeoji's Zenith Bank shares are now worth $21 million
Zenith Bank CEO Adaora Umeoji holds 285,096,933 shares in the lender worth N29.3 billion at current market prices, making her one of Nigeria's wealthiest banking executives.
Tammy Jones built a $9 billion real estate platform from inside Wall Street's biggest names
Tammy Jones founded Basis Investment Group, one of the few Black- and woman-led commercial real estate platforms, closing nearly $9 billion in deals.
Paul Judge built and sold three tech companies, then launched the Southeast's largest venture fund
Paul Judge co-founded Panoramic Ventures, the Southeast's largest venture fund, after building three acquired tech companies including Pindrop and CipherTrust.
How Charles Phillips went from Air Force cadet to a $13 billion tech empire
Charles Phillips served in the Marines, climbed Wall Street, ran Oracle and built a $13 billion software company. Recognize came next.
Nigerian billionaire Jim Ovia to pocket $41.5 million in Zenith Bank dividends
Zenith Bank plans to double its total dividend to N10 per share for 2025, which would hand founder and chairman Jim Ovia a payout of approximately N58 billion.