U.S. billionaire Josh Kushner builds $17.5 billion fortune as Thrive expands beyond venture capital
Josh Kushner's fortune has reached an estimated $17.5 billion as Thrive Capital, now managing over $65 billion, expands beyond venture capital.
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Zimbabwean billionaire Strive Masiyiwa’s Cassava brings back Dan Kwach to lead AI data centre push
Zimbabwean billionaire Strive Masiyiwa’s Cassava Technologies brings back Dan Kwach to lead its AI data centre expansion across Africa.
South African billionaires GT Ferreira and Laurie Dippenaar buy into Airbnb rival
FirstRand co-founders GT Ferreira and Laurie Dippenaar’s family offices joined a consortium that bought LekkeSlaap, a South African rival to Airbnb.
Kenya’s wealthy Kinuthia family, founders of Quickmart, set for $37 million IPO payday
The Kinuthia family, which built Quickmart from a Nakuru supermarket, stands to collect $37 million as its owners sell half the chain in an IPO.
Ghanaian billionaire Ibrahim Mahama’s $100 million Dzata Cement targets 3 million tonnes
Ibrahim Mahama said Ghanaians “can’t always be beggars” as his Dzata Cement, Ghana’s only wholly Ghanaian-owned cement maker, marked five years in Tema.
South African billionaire heir Jonathan Oppenheimer warns of climate tipping point
Jonathan Oppenheimer, executive chairman of Oppenheimer Generations, said the world may be at a climate tipping point and urged scientists to reach the public.
Nigerian billionaire Aliko Dangote’s refinery IPO opens to Uganda’s wealthy investors
Uganda’s markets regulator has opened Aliko Dangote’s $1.6 billion refinery IPO to high-net-worth and professional investors, days before the offer closes on Oct. 13.
Egyptian billionaire Nassef Sawiris wins Dutch court fight with OCI shareholders
The Amsterdam Enterprise Chamber rejected minority shareholders’ request for an inquiry into OCI, a win for Nassef Sawiris as his €4.10 buyout offer proceeds.
Billionaire Mark Stevens sold $947 million of Nvidia in three months, more than any insider in America
Billionaire Nvidia director Mark Stevens sold $947 million of the chipmaker’s shares in the third quarter, topping a Bloomberg list of U.S. insider sellers that included Arista’s Jayshree Ullal and Jeff Bezos.
Elon Musk’s SpaceX wants to borrow $40 billion for Nvidia chips, and its bonds just hit a record for risk
Elon Musk’s SpaceX is in early talks to raise $40 billion in debt to buy Nvidia AI chips, sending its credit risk to a record and trimming the trillionaire’s fortune by $21 billion in a morning
Billionaire Lionel Messi says goodbye to Argentina after 208 games, 126 goals and a World Cup
Billionaire Lionel Messi played his final game for Argentina on Tuesday, scoring his 126th international goal in a 3-0 win over Benin before 85,000 fans in Buenos Aires.
EU lifts Belarus sanctions on Russian billionaire Mikhail Gutseriev after court wins
The EU has removed Russian billionaire Mikhail Gutseriev and Belarusian businessman Viktar Shautsou from its Belarus sanctions list after court rulings, though Gutseriev stays under separate Russia-related sanctions.
Weston family's Wittington to buy Boots from Sycamore in $8.9 billion deal
Wittington Investments, the holding company of Canada's billionaire Weston family, has agreed to buy Boots from Sycamore Partners and the Pessina family for $8.9 billion including debt, with Galen Weston to become chairman at closing.
Billionaire Mohammed Al-Amoudi accused of funding al-Qaeda in secret Pentagon report
A classified 2002 Pentagon report names billionaire Mohammed Al-Amoudi in an alleged money trail to Osama bin Laden, Swedish broadcaster SVT reports. He denies it.
Chinese billionaire George Zhu's Africa phone giant Transsion launches Hong Kong IPO
Transsion, the Tecno and Infinix maker that sells more phones in Africa than rivals, is raising up to HK$3.36 billion in a Hong Kong listing.
British fashion mogul Victoria Beckham backs daughter’s beauty brand with $3 million
Victoria Beckham has invested more than $3 million in H7B Ltd, the company linked to Harlo by Harper, a beauty brand for her 15-year-old daughter.