Will Smith's $350 million empire survived the Oscars slap and he is building it bigger than ever
Four years after the Oscars slap that threatened to end his career, Will Smith has rebuilt his $350 million empire through sheer commercial resilience.
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How Jim Ovia's $5.5 million bet on Moniepoint built a billion-dollar unicorn
A $5.5 million Series A cheque from Jim Ovia's investment firm helped build Moniepoint from a bank software startup into a billion-dollar unicorn.
Bertina Engelbrecht's Clicks Group has lost $1.2 billion and the outlook is getting worse
Clicks Group has lost R19.7 billion in market value in five months after a brutal interim outlook rattled investors.
Billionaire Johann Rupert's Reinet just turned a €22 million gold ETF bet into €80 million
The Rupert family's Reinet investment vehicle has turned a €22 million gold ETF stake bought in 2015 into an €80 million position as gold prices surge.
Jamie Dimon is personally selling the SpaceX IPO to 2,500 wealthy clients at 90 locations across America
JPMorgan CEO Jamie Dimon is personally pitching the SpaceX IPO to more than 2,500 wealthy clients at 90 bank locations across 26 US states.
Ethelbert Cooper, the Liberian who built a $3 billion African oil empire, is dead at 73
Ethelbert Cooper, the Liberian entrepreneur who co-founded Afren plc and spent four decades shaping Africa's natural resources sector, died on May 23, 2026.
Egyptian billionaire Naguib Sawiris calls for Egypt's state TV to be shut down
Egyptian billionaire Naguib Sawiris has ignited a fierce national debate after publicly calling for Egypt's state television channels to be closed over billions in annual losses.
Global millionaire wealth hit a record $98.3 trillion in 2025 and Africa grew faster than the Middle East
Global wealth held by millionaires hit a record $98.3 trillion in 2025 according to Capgemini's World Wealth Report 2026, with Africa posting 4.1 percent population growth.
Africa's richest man spent $20 million trying to fix Nigeria's tomato problem and the country let him down
Aliko Dangote invested $20 million in Nigeria's largest tomato processing factory in 2016. A decade later, the country's broken supply chain has defeated his ambition.
African Wealth Briefing — Fri., June 5, 2026
Anna Mokgokong signs a $1.35 billion LNG deal at the Port of Ngqura. Dangote's refinery pushes past its own nameplate to 700,000 barrels a day.
Africa's richest man's refinery ramps up to 700,000 barrels a day
Dangote Petroleum Refinery has exceeded its nameplate capacity for the first time, processing 700,000 barrels per day in an official test by its process licensors.
South African tycoon Johnny Copelyn's HCI is betting its free cash on Namibian oil and gas
Hosken Consolidated Investments has gained 25 percent in the past year and CEO Johnny Copelyn is directing most of its free cash into oil and gas exploration.
French billionaire wants to disinherit his five children and give everything to charity
French billionaire Pierre-Edouard Sterin told the French Senate he wants to disinherit his five children and give his entire fortune to philanthropic causes instead.
Tycoon Anna Mokgokong's Tamasa signs $1.35 billion LNG deal to transform the Eastern Cape's energy landscape
Professor Anna Mokgokong's Tamasa Energy Group has signed a $1.35 billion LNG terminal agreement with Transnet at the Port of Ngqura in South Africa's Eastern Cape.
Deep-Dive Report: Patrice Motsepe’s Second Act
Fresh speculation surrounds Patrice Motsepe's leadership of the Confederation of African Football, with growing talk that the South African billionaire may leave the CAF presidency before his term ends in 2029.
Wealth Intelligence: Othman Benjelloun — The Succession Question
At 93, Othman Benjelloun still holds both the chairman and chief-executive titles at Bank of Africa, still chairs the strategy committee, and by all accounts intends to keep going.