Nigerian billionaire Aliko Dangote's $327 million Kenya pipeline deal gets president's backing
Kenya's President William Ruto hit back at critics of Aliko Dangote's Kenya Pipeline stake, which has gained about $45 million as the shares surged.
Latest
American billionaire Elon Musk could avoid $2.6 billion in taxes with SpaceX gift
Elon Musk's promise to give a SpaceX share to every American child could spare him about $2.6 billion in capital gains tax, economists say.
Indian billionaire Mukesh Ambani's Jio draws record $77 billion in IPO bids
Jio Platforms, the telecom and digital arm of Mukesh Ambani's Reliance Industries, drew more than $77 billion in bids before its Oct. 28 market debut.
Spanish golfer Jon Rahm got $26 million from LIV Golf before bankruptcy
Saudi-backed LIV Golf paid Jon Rahm $26 million, Bryson DeChambeau nearly $13.9 million and its executives $15.6 million before filing for bankruptcy, records show.
South African tycoon Adrian Gore's Discovery Bank chief earns $3.1 million, beating him
Discovery Bank chief Hylton Kallner earned R51.3 million last year, outpacing group founder Adrian Gore for a fourth straight year despite a 16% pay cut.
South African billionaire Christo Wiese’s Shoprite in banking talks with Investec
Shoprite, the grocer in which billionaire Christo Wiese owns about 10%, is in talks with Investec on a partnership to power its financial services push.
British racing star Lewis Hamilton, 41, says Rwanda Grand Prix will delay retirement
Seven-time Formula One champion Lewis Hamilton says Rwanda's new Grand Prix, due in the early 2030s, means he must keep racing for longer.
Kenyan billionaire Narendra Raval to host president at $385 million cement plant groundbreaking
Kenyan steel and cement tycoon Narendra Raval breaks ground on his $385 million Kitui cement plant on Tuesday, with President William Ruto expected to officiate.
Google billionaire Sergey Brin leads $317 million fight against California billionaire tax
Google co-founder Sergey Brin and fellow tech billionaires have put $316.7 million into defeating California's one-time billionaire tax, nine times what supporters have raised.
American billionaire Michael Bloomberg gives 14 cities up to $750,000 for housing
Michael Bloomberg's foundation picked 14 US cities, including Miami, Pittsburgh and San Jose, to receive up to $750,000 each to speed up home building.
Nigerian billionaire Femi Otedola eyes 5% stake in Dangote Cement
Billionaire Femi Otedola is buying Dangote Cement shares again as the stock surged 10%, while his First HoldCo stake gained $119 million.
Nigerian lottery billionaire Kessington Adebutu donates $600,000 office to Lagos security fund
Nigerian lottery tycoon Kessington Adebutu fully funded a new multi-storey headquarters for the Lagos State Security Trust Fund and donated five patrol vehicles.
French billionaire Vincent Bolloré's Canal+ posts $7.2 billion nine-month revenue
Canal+, the French pay-TV group backed by billionaire Vincent Bolloré's family, earned $7.2 billion in nine months as MultiChoice's sales slid in South Africa.
British billionaire Mike Ashley's Frasers takes control of Hugo Boss with 50% stake
Frasers Group, the retailer controlled by British billionaire Mike Ashley, has lifted its Hugo Boss stake above 50%, taking control of the German fashion brand.
Chinese billionaire Robin Zeng loses $14.9 billion as CATL shares tumble
CATL founder Robin Zeng has lost $14.9 billion since March after the world's biggest battery maker reported its slowest profit growth in months.
American billionaire Carl Icahn sells former Trump casino site for $6.6 million
Carl Icahn has sold the 10-acre former Trump Plaza site in Atlantic City to George Norcross, ending his last link to Donald Trump's casinos.