Nigerian billionaire Jim Ovia’s Zenith Bank stake loses $65.5 million in October
Jim Ovia’s Zenith Bank stake lost about $65.5 million in October as the lender’s shares fell 11.2% in a broad Nigerian banking selloff.
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Jim Ovia’s Zenith Bank stake lost about $65.5 million in October as the lender’s shares fell 11.2% in a broad Nigerian banking selloff.
Africa's ten richest are now worth $142.5 billion, with Aliko Dangote close to 39% of it. South Africa's Rupert, Oppenheimer and le Roux families are lining up their heirs. And Idrissa Nassa's Coris Bank posted a $106 million nine-month profit.
Africa's ten richest are worth $142.5 billion, up $21.2 billion since September, and Aliko Dangote accounts for 39% of it. The other nine together lost ground. A name-by-name deep-dive on what drives each fortune, why the estimates differ, and what could move the list next.
Idrissa Nassa started out trading bicycle parts in 1984. In 2001 he bought a struggling Burkinabe lender, and today Coris has about $9 billion in assets and a share price up 196% this year. How the trader built the bank, and what his move into Central Africa will test.
Johann Rupert is 76, Nicky Oppenheimer 81 and Michiel le Roux 77. Between them they control about $30 billion, and each family is handing over in a different way. How the structures work, what the heirs have done, and what succession means for Richemont, Capitec and their investors.
Aradel Holdings, in which five African billionaires own about a quarter, raised nine-month revenue sevenfold to ₦3.95 trillion after absorbing Shell's former onshore fields.
Caverton Offshore Support Group, controlled by Nigerian tycoon Aderemi Makanjuola, nearly tripled its nine-month loss to ₦13.7 billion as finance costs mounted.
Elsewedy Electric, the industrial group run by Egyptian tycoon Ahmed Elsewedy, has launched an elevator brand and wants 1 billion pounds in sales in 2027.
Namibian oil tycoon Knowledge Katti's stake in Sintana Energy has lost about $3.2 million in a year after the explorer's shares fell 37%.
A federal judge in Miami dismissed Donald Trump's defamation lawsuit against Rupert Murdoch and the Wall Street Journal with prejudice, ending the Epstein letter case.
Aliko Dangote's fortune has jumped to $55.4 billion, lifting the combined wealth of Africa's 10 richest people to $142.5 billion in November 2026.
Amistad Financial Group, in which Magic Johnson holds a minority stake, lent about $2.3 billion tied to Dodgers owner Mark Walter. Johnson is not accused.
TV pundit Jamie Carragher apologized to Aston Villa, its owners and fans less than 24 hours after Egyptian billionaire Nassef Sawiris threatened legal action.
Sudanese-British billionaire Mo Ibrahim says Africa is living through an era of strongmen as his 2026 index shows governance worsening in 23 countries.
Affluent South Africans gave about R5.8 billion in cash and goods and 3.1 million volunteer hours in 2025, with women and Black donors leading.
Former lawyer Martin Venter bought a run-down Cape wine farm for about R20 million and turned it into Val de Vie, a R15 billion estate.