Russian billionaire Mikhail Fridman's $16 billion claim still hangs over Luxembourg
Mikhail Fridman says he is assessing his legal strategy, leaving Luxembourg unsure whether helping lift his EU sanctions will end the case.
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South Korean billionaire Jay Y. Lee gets $1.9 billion Samsung shares gift from mother
Hong Ra-hee will give her son 11.16 million Samsung shares, lifting his stake to 1.75% and leaving him a gift tax bill above $1 billion.
Nigerian billionaire Michael Ade-Ojo's university wins approval to train doctors
Elizade University, founded by Nigerian auto tycoon Michael Ade Ojo, says it can now train doctors, as its nursing graduates post a perfect pass rate.
Kenyan billionaire Mary-Ann Musangi wants her late father's company in 30 African countries
Mary-Ann Musangi, who runs the consumer goods maker founded by her late father Chris Kirubi, plans to sell in 30 African countries by 2030.
Moroccan billionaire Aziz Akhannouch's party left out of Morocco's new government
Morocco's incoming prime minister has formed a four-party coalition without billionaire Aziz Akhannouch's RNI, which led the government for the past five years.
Nigerian billionaire Aliko Dangote's refinery IPO opens to wealthy Ethiopian investors only
Ethiopia has opened Aliko Dangote's $1.6 billion refinery share sale to as many as 100 qualified investors, but retail buyers are barred.
Egyptian billionaire Ahmed Elsewedy's company wins $2.2 billion Saudi power plant deal
Elsewedy Electric, run by Egyptian tycoon Ahmed Elsewedy, and China's Sinohydro have signed a $2.2 billion contract to build a Saudi gas power plant.
Egyptian billionaire Naguib Sawiris apologizes to Saudis over Riyadh airport attack
Egyptian telecom billionaire Naguib Sawiris apologized for his slow response to the deadly Riyadh airport attack and urged Arab states to confront Iran.
South African billionaire Patrice Motsepe faces pressure to quit as Africa's football boss
Patrice Motsepe's leadership of African football is under strain after his reversal on the Africa Cup of Nations schedule, the Guardian reported.
South African billionaire Patrice Motsepe's mining company sued by its partner
Assore has sued African Rainbow Minerals over who runs Assmang, the iron ore and manganese miner they own equally. ARM rejects the claims.
Nigerian billionaire Aliko Dangote’s refinery posts $5.5 billion EBITDA in nine months
Dangote's Lagos refinery made $4.7 billion in nine months, reversing a loss a year earlier, as investors weigh its $1.6 billion share sale.
Indian billionaire PNC Menon's Sobha buys land in Australia and eyes Sydney
The Dubai developer founded by billionaire PNC Menon has secured sites in Queensland and is weighing Sydney as it pushes into Australia and Texas.
South Korean billionaire Lee Jae-yong to receive $1.9 billion in Samsung shares from mother
South Korean billionaire Lee Jae-yong is set to receive $1.9 billion in Samsung Electronics shares from his mother, increasing his direct stake to 1.75%.
Italian billionaire heir Leonardo Maria Del Vecchio admits drug use, attacks Ray-Ban boss
The 31-year-old heir to the EssilorLuxottica fortune spoke about drugs and debt on a podcast while stepping up his attacks on CEO Francesco Milleri.
American billionaire Charles Koch joins $533 million rescue of Getty Images
Koch Equity Development and the Getty family will own all of Getty Images after a prepackaged bankruptcy that cuts debt and wipes out public shareholders.
British-American billionaire Len Blavatnik gives $15 million to fund foreign policy internships
The Warner Music Group owner's family foundation is giving $15 million to the Council on Foreign Relations to expand its paid internship program.