Billionaire Pierre Castel's family cannot remove the man running its African beer empire
Four branches of the Castel family have publicly distanced themselves from Romy Castel as the fight over Grégory Clerc's position drags into a year.
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Indian billionaire family-linked Savannah Energy strikes gas at a second Nigerian well
Savannah Energy struck gas at a second Nigerian well, but its shares stay suspended over late accounts and net debt sits at $672 million.
Billionaire Johann Rupert's Cartier opens first New Zealand boutique
Cartier has opened its first New Zealand store, on Auckland's Queen Street. It is the eighth in Oceania for the house that has driven most of billionaire Johann Rupert's recent gains and Richemont's third brand on the same street.
Billionaire Robert Gumede’s Tongaat Hulett faces fresh $32 million court setback
Billionaire Robert Gumede’s Tongaat Hulett rescue faces a fresh legal setback after South Africa’s Constitutional Court rejected the company’s final appeal over R517 million in disputed sugar-industry payments.
South African billionaire Stephen Saad is selling weight-loss drugs faster than anything he has seen
Aspen's normalised headline earnings rose 28% in constant currency on flat revenue, as Mounjaro took 53% of South Africa's weight-loss market.
Coinbase billionaire Fred Ehrsam wants three Venezuelan oil fields the US may seize
Fred Ehrsam's Primavera is pursuing three Venezuelan oil fields whose current operators the Trump administration is considering pushing out.
MacKenzie Scott has now given more than $1 billion to historically Black colleges
MacKenzie Scott has given more than $1 billion to historically Black colleges since 2020, all of it unrestricted, part of $26 billion in donations.
Ivorian billionaire Jean Kacou Diagou is quitting Nigerian life insurance after 15 years
Jean Kacou Diagou's NSIA has approval to hand its Nigerian life portfolio to CHI Life, exiting a quarter of the subsidiary's revenue.
French billionaire family is buying a $135 million Mayfair building with African oil money
The Perrodo family's BNF Capital has agreed terms to buy 27 Savile Row for about £100 million, moving money out of African oil into Mayfair property.
Bill Gates has 60% of his $33 billion foundation portfolio in three stocks and none of them are tech companies
Bill Gates, worth more than $100 billion despite decades of donations, has concentrated 60% of his Gates Foundation's $33 billion investment portfolio in three slow-growing value stocks, none of which are technology companies.
David Tepper cut Micron by 41%, dumped Sandisk entirely and is now betting against Apple with $242 million in put options
David Tepper's Appaloosa Management cut its Micron stake by 41%, sold its entire Sandisk position and placed a $242 million bet against Apple in the second quarter, raising questions about whether the memory chip supercycle is approaching its peak.
South Africa's Brimstone Investment Corporation lifted dividends 76% despite US aid cuts
Brimstone's cash dividends rose 76.5% to R161.4 million and net asset value 11.7%, even as US health funding cuts hit its Obsidian business.
Why Africans with $1 billion in shares are missing from the Bloomberg and Forbes rich lists
Forbes and Bloomberg subtract debt, discount illiquid stakes and refuse to count assets they cannot verify. A billion-dollar holding is not enough.
US-sanctioned Zimbabwean billionaire Kudakwashe Tagwirei has been sworn in as a senator
Sakunda founder Kudakwashe Tagwirei took his oath on Tuesday, appointed by a president who sits alongside him on the same US sanctions list.
Michiel Le Roux's Capitec blocked $43 million in fraud losses using AI that scores every payment in real time
Capitec has revealed that its AI-powered payment screening system blocked $43 million in potential fraud losses for more than 113,000 clients in the year to June 2026, while flagging more than 394,000 potentially fraudulent payments.
Billionaire Mark Cuban bought a $25 million Dallas mansion sight unseen and paid half price
Mark Cuban paid half price for a $25 million Dallas mansion he had never set foot in, buying it sight unseen during a foreclosure and calling it the best guaranteed return on investment available anywhere.