John W. Rogers Jr. is leaving Nike's board after eight years and will stay on as a strategic advisor
Ariel Investments founder John W. Rogers Jr. will retire from Nike's board at the September 2026 annual meeting after eight years of service.
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African Wealth Briefing — Fri., June 19, 2026
Femi Otedola's First HoldCo completes a $32.8 million raise as he tightens his grip. Manu Chandaria plans a center to honor the late Raila Odinga.
Elon Musk's SpaceX shares have dropped 20 percent from their peak and analysts say the stock is worth far less
SpaceX shares have fallen more than 20 percent from their post-IPO high and credible analysts say the stock is still significantly overvalued at current levels.
MTN Nigeria CFO Modupe Kadri spends $760,000 to buy more shares in a vote of confidence in the telecom giant
MTN Nigeria CFO Modupe Kadri has acquired 1.3 million shares worth N1.03 billion in a personal bet on the telecom giant's long-term growth.
Kenya's government denies Wicknell Chivayo has any role in the $2.9 billion airport expansion deal
Kenya's Transport minister has formally denied that Wicknell Chivayo's company had any role in the KSh375 billion JKIA airport expansion contract awarded this month.
Nairobi court dismisses bid to halt tribunal proceedings in tycoon Chris Obure's $59 million Senteu Plaza battle
A Nairobi court has dismissed a bid to halt tribunal proceedings tied to Chris Obure's SBS Dunhill Group and its KSh7.6 billion Senteu Plaza dispute.
Chiwetel Ejiofor built a $16 million fortune from 12 Years a Slave to Marvel
Chiwetel Ejiofor, the son of Nigerian immigrants in East London, turned an Oscar-nominated career across indie film and Marvel into a quiet fortune.
Billionaire Femi Otedola buys 680 million more FirstHoldCo shares and tightens his grip with a 20.42 percent stake
Femi Otedola has acquired approximately 680 million FirstHoldCo shares through its recently completed N45 billion private placement, lifting his total stake to 20.42 percent.
Billionaire Robert F. Smith warns companies not to let AI wipe out their intern programs
Billionaire Robert F. Smith has urged companies not to destroy internship programs as artificial intelligence increasingly reshapes entry-level work across industries.
Elon Musk brings fellow South African Roelof Botha onto SpaceX's board after record IPO
Elon Musk's SpaceX has appointed Roelof Botha, the South African born former Sequoia Capital leader, to its board days after its record $75 billion IPO.
African Wealth Briefing — Thurs., June 18, 2026
Morocco's billionaire prime minister fights bills to cap fuel prices in the industry he dominates. Hassan Allam commits $400 million to an Egyptian data center.
Nigerian billionaire Michael Ade-Ojo sold his first Toyota in 1965 to build an empire that includes car factories and universities
Michael Ade-Ojo started selling cars in Nigeria in 1965. Six decades later, his Elizade Group controls Toyota Nigeria, a $50 million assembly plant and a university.
Liberian-American multimillionaire Richelieu Dennis is sued for defamation by the former CEO of his Essence Ventures
Caroline Wanga has filed a defamation lawsuit against Liberian entrepreneur Richelieu Dennis, alleging he let a false narrative destroy her reputation after the 2025 Essence Festival.
The son of America's richest Black billionaire just secured $30 million for his Nigerian mythology franchise
David Steward II's Lion Forge Entertainment has closed new international distribution deals for its Nigerian mythology series Iyanu after a $30 million investment round.
Kylian Mbappe earns $100 million a year and is building the empire that survives after football
Kylian Mbappe earns $100 million a year, is chasing the all-time World Cup scoring record and is quietly building a $250 million empire designed to survive long after football ends.