Billionaire Jensen Huang pledges $75 million to Vanderbilt University for design college
Jensen and Lori Huang pledged $75 million to name Vanderbilt's San Francisco art college, built on the closing California College of the Arts. GHOST
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Hedge Fund billionaire Ken Griffin buys historic Miami cottage for $2.98 million
Miami approved the $2.98 million sale of a 1905 cottage to Ken Griffin, handing the Citadel founder a full Brickell city block.
Swiss billionaire Thomas Flohr's VistaJet takes eighth Global 8000 as Africa to Asia flying surges
Thomas Flohr's Vista Global has converted an eighth Global 7500 into a Global 8000, adding range as Africa to Asia flying surges.
Nigerian billionaire Abdul Samad Rabiu's BUA Cement lifts half-year profit 80% to $237 million
Abdul Samad Rabiu's BUA Cement lifted half-year profit 80% to $237 million as bulk cement revenue jumped from almost nothing a year earlier.
Stephen Saad's Aspen secures royalty-free rights to Merck's once-monthly HIV pill
Stephen Saad's Aspen Pharmacare is one of seven drugmakers licensed to make Merck's once-monthly HIV prevention pill in 129 countries.
Byron Allen cuts HuffPost jobs weeks after buying a $91 million Aspen estate
Byron Allen is cutting more than a dozen jobs at HuffPost, weeks after buying a $91 million Aspen estate and months after taking control of BuzzFeed.
LeBron James, the NBA's only billionaire, takes a minimum contract to join Philadelphia
LeBron James, the NBA's only billionaire, has joined the Philadelphia 76ers on a minimum contract worth $8 million, a pay cut of over 90 percent.
Mariya Dangote explains why Dangote Cement chose London for secondary listing
Dangote Cement chose London over Dubai for its secondary listing because listing in the Gulf would have taken years, Mariya Dangote told reporters in Lagos.
Ghanaian food entrepreneur Catherine Krobo Edusei sells control of Eden Tree after 29 years
Catherine Krobo Edusei has sold majority control of Eden Tree, the Ghanaian fresh produce brand she founded in 1997 and built over 29 years.
The Long Game: Kirsan Ilyumzhinov's return — and the African foundation he spent three decades building
He is back on the ballot for the presidency of world chess, carrying Russia's endorsement and something no rival can assemble in a single campaign season: thirty years of relationships across a continent that now holds the deciding hand.
African Wealth Briefing — Fri., July 24, 2026
Johann Rupert walks away from a major deal and buys his own shares instead. Patrice Motsepe reopens the platinum mine he shut. And Aliko Dangote's refinery runs at half speed just as Nigeria's petrol imports triple.
The Inside Story: The Six-Month Window
Stephen Saad said you have to be within six months of the first launch to be part of market formation. This week Africa's largest drugmaker won approval to sell a generic Ozempic in Canada — and then discovered it has no ingredient to make it with.
Deep-Dive Report: Both Sides of the Pump
Aziz Akhannouch is worth $1.6 billion, controls the group that sells roughly a third of Morocco's fuel, and runs the government that sets fuel policy and awards public contracts. Inside the structure of a fortune that sits on both sides of the same market.
Wealth Intelligence: The Discipline of No
Johann Rupert spent months examining a "potentially very significant" investment — and walked away. Reinet is now buying back up to €500 million of its own shares instead, sitting on the largest cash pile in its history.
Black-owned staffing firm Epitec acquires TalentBurst's IT and government businesses
Epitec, one of the largest Black-owned firms in the United States, has acquired the IT and government staffing divisions of Boston-based TalentBurst.
France looks to Nigerian billionaire Mike Adenuga to fund its Abuja cultural institute
France is in talks with Nigerian billionaire Mike Adenuga over funding a new Institut Français in Abuja, where Macron will lay the foundation stone.