American billionaire Jay-Z's Yankee Stadium shows gross a record $42.3 million
Jay-Z sold 136,934 tickets across three Yankee Stadium nights in July, grossing $42.3 million in what trackers call a record for a rapper.
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Indonesian billionaire Low Tuck Kwong loses $5.8 billion after selling Bayan stake
Low Tuck Kwong's fortune fell by a third after he sold 30.25% of Bayan Resources to Haji Isam at a fifth of the market price.
Ghanaian billionaire Ibrahim Mahama paid a third of Ghana's disputed evacuation bill
Ibrahim Mahama's Engineers & Planners paid GH¢16 million of the bill to bring Ghanaians home from South Africa. The opposition now wants an independent audit.
Indian billionaire Adar Poonawalla's lender posts fivefold jump in quarterly profit
Poonawalla Fincorp, the lender controlled by Adar Poonawalla, posted a fivefold jump in quarterly profit as its loan book and margins grew.
Nigerian billionaire Arthur Eze named in $2 billion fight over oil pipelines
A former rebel leader says Nigeria's elite share $2 billion a year to guard pipelines, and named oil billionaire Arthur Eze. He offered no proof.
American billionaire Bill Gates’s foundation commits $50 million to cut stillbirths
The Gates Foundation and Wellcome Leap will each commit $50 million to Uzima, a program to halve stillbirths in select countries, starting in sub-Saharan Africa.
Elon Musk’s Cybertruck is selling at no more than 13% of his annual goal
Tesla’s third-quarter data implies about 28,000 to 32,000 Cybertrucks a year, at most 13% of the 250,000 billionaire Elon Musk targeted.
Chinese billionaire Yahui Zhou’s OPay revenue jumps 137% ahead of US IPO
Chinese billionaire Yahui Zhou’s OPay reported a 136.5% increase in first half revenue to $467.1 million as the fintech prepares for a proposed New York IPO.
American billionaire Mark Zuckerberg paid €51 million for Ireland’s priciest home of 2026, a Waterford castle
Mark Zuckerberg and Priscilla Chan paid €51.2 million for Strancally Castle in Waterford, nearly double early estimates and Ireland’s highest residential price this year.
French billionaire Pierre Castel's daughter wins court fight over his African beer empire
A Singapore court has upheld Romy Castel's votes to remove CEO Grégory Clerc from the board of a key company in her father's drinks empire.
South African mining mogul Neal Froneman softens US stance after being called unpatriotic
Neal Froneman, who ran Sibanye-Stillwater for 12 years, has softened his call for the US to target South African policymakers after a Presidency rebuke.
Russian billionaire Roman Abramovich's advisers backdated records to hide his fortune
A BBC Panorama investigation says Roman Abramovich's advisers backdated records to hide yachts, mansions and a $10 billion fortune. He denies wrongdoing.
Senegalese billionaire oil heir Moussa Diao leads $1 billion buyout of African fuel giant Oryx
Senegalese executive Moussa Diao has led a $1 billion management buyout of Oryx Energies, beating a rival bid from tycoon Simon Tiemtoré.
South African billionaire Robert Gumede’s takeover target Tongaat Hulett to quit the JSE
Tongaat Hulett will be delisted from the JSE on Nov. 3 with nothing for shareholders, as billionaire Robert Gumede's Vision group moves to buy it.
African Wealth Briefing — Mon., Oct. 12, 2026
Subscriptions for Aliko Dangote's refinery IPO close tomorrow. Forbes puts him at $51.7 billion, Bloomberg at $35.7 billion, and in the same week Nigeria's finance minister said the country cannot supply the refinery with enough crude.
The Inside Story: After Wigwe — How Herbert Wigwe Bought Access to the Top of Nigerian Banking, and What the Bank Has Become Without Him
In 2002 Herbert Wigwe and Aig Aig-Imoukhuede took over Access, then 65th of 89 Nigerian banks, and bought their way to the top. Since his death in February 2024 the shares have lagged every big rival. The story of the deal-maker, and of the bank he left behind.