How Robert F. Smith built a $107 billion software empire and became the wealthiest Black American
Robert F. Smith built Vista Equity Partners into a $107 billion software powerhouse. He is the wealthiest Black person in the United States.
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David Grain is a $2.5 billion telecom billionaire. Here are the 7 companies that got him there.
David Grain's $2.5 billion fortune is built on a growing portfolio of broadband, fiber and spectrum companies spanning the US and Canada.
Billionaire Abdul Samad Rabiu reinstates 400 sacked BUA Cement drivers and pays their three months' salary arrears
BUA Cement has reinstated 400 sacked truck drivers and agreed to pay their January to March salary arrears after an Edo monarch brokered a settlement with Abdul Samad Rabiu.
African Wealth Briefing — Thu., April 2, 2026
GTCO posts record N1.23 trillion profit, Moniepoint enters Kenya with a 78 percent bank acquisition, Innoson denies a Ghana relocation, and BET founder Robert L. Johnson quietly reclaims his billionaire status.
Inside the $10 billion retail empire that made Stefan Kaluzny one of America's newest Black billionaires
Sycamore Partners co-founder Stefan Kaluzny turned distressed retail into a billionaire-making machine. Forbes now pegs his fortune at $1.3 billion.
King Mohammed VI's Managem invests $750 million to double gold production to 500k oz
Morocco's Managem Group plans to invest $750 million to raise gold production by 134% to 500,000 ounces by the end of the decade after net profit surged 384% to $322 million in 2025.
Kenyan tycoon Mohammed Jaffer's One Petroleum imported fuel at 3x govt rate during Iran crisis
One Petroleum, a subsidiary of Mombasa billionaire Mohammed Jaffer's Mbaraki Bulk Terminal, was cleared to import 60 tonnes of petrol at three times the government rate as Kenya's Iran war crisis drove fuel supply shortages.
How Sengal Selassie built a $6 billion private credit empire
Sengal Selassie left Goldman Sachs to found Brightwood Capital, a minority-owned private credit firm now managing more than $6 billion.
How Robert L. Johnson lost his billionaire status after building BET and Quietly won it back
BET founder Robert L. Johnson has reclaimed his place among the world's billionaires after decades of quiet, disciplined reinvention.
African Wealth Briefing — Wed., April 1, 2026
Afreximbank commits $2.5 billion to Dangote's refinery, Rupert's Remgro takes full control of Mediclinic for $950 million, Sysco buys Nathan Kirsh's Jetro for $29.1 billion, and Motsepe's ARM moves into Canadian copper.
Meet Kesha Cash, the solo Black female VC behind a $65 million empire and a unicorn
Kesha Cash is the only solo Black female VC running a $65 million empire, a unicorn and multiple exits.
6 companies behind the multimillion-dollar fortune of Ursula Burns, the first Black woman to lead a Fortune 500 firm
These six companies power the multimillion-dollar empire of Ursula Burns, the first Black woman to lead a Fortune 500 firm.
GTCO CEO Segun Agbaje will pocket N410 million from a record dividend but owns just 0.088% of the bank he spent 15 years building
GTCO posted record profit before tax of N1.23 trillion and declared N12.76 per share dividend under Segun Agbaje, but his 32 million shares raise questions about his stake in the bank.
Nigeria's Masai Ujiri joins Serena Williams as a principal owner of WNBA's Toronto Tempo ahead of the franchise's inaugural season
Nigerian basketball executive Masai Ujiri has joined Serena Williams as a principal owner of the WNBA's Toronto Tempo ahead of its inaugural 2026 season.
Strive Masiyiwa's Econet InfraCo lists on Zimbabwe's VFEX at $1 billion in the largest initial listing in the country's capital markets history
Strive Masiyiwa's Econet InfraCo has listed on Zimbabwe's Victoria Falls Stock Exchange at $1 billion, the largest initial listing in the country's capital markets history.
Billionaire Tiger Woods steps away from golf to seek treatment after DUI arrest
Tiger Woods has said he will step away from golf to seek treatment days after his DUI arrest in Florida where two hydrocodone pills were found in his pocket.