VistaJet wins luxury service awards
Thomas Flohr's VistaJet won a Luxury Report commendation and a Shanghai brand award, as his Vista Global weighs a stock market listing.
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South African billionaire Johann Rupert's Reinet buys back $15.6 million in shares
South African billionaire Johann Rupert's Reinet has spent about $100 million buying back 3.8 million shares since August, at prices roughly 36% below asset value.
South African tycoons Mark and Brett Levy's ticket firm sale draws scrutiny
Blu Label, led by Mark and Brett Levy, sold Ticketpro to a consortium that Daily Maverick links to Sport Minister Gayton McKenzie's political circle.
Billionaire Oprah Winfrey-backed restaurant chain files for bankruptcy
True Food Kitchen, the healthy restaurant chain backed by Oprah Winfrey, has filed for Chapter 11 with $42 million in debt and closed 12 restaurants.
A $300,000 Ferrari sold for $2.7 million because Michael Jordan once owned it
Michael Jordan's 1997 Ferrari 550 Maranello, which he drove from the United Center after his fifth NBA title, sold for $2.7 million at Pharrell Williams' Joopiter auction.
Egyptian billionaires Nassef Sawiris and Mohamed Mansour join UK exodus
Nassef Sawiris and Mohamed Mansour are among the billionaires who have cut ties with Britain, part of a $160 billion exodus tracked by Bloomberg
Africa's richest man cuts off petrol supply to importers it accuses of blending its fuel
Aliko Dangote's refinery has stopped selling petrol to Nigerian marketers who import fuel, accusing them of blending its product with lower grades
British Billionaire Mike Ashley buys 8.8% of Under Armour, a stock that has lost 90% since 2016
Billionaire Mike Ashley's Frasers Group has taken an 8.78% stake in Under Armour, worth about $77 million, adding to its Puma, Burberry and Harvey Nichols buys.
Elon Musk becomes a trillionaire again as SpaceX shares hit highest since June
Elon Musk's net worth rose back above $1 trillion on Monday as SpaceX shares reached their highest level since mid-June and Tesla also gained, according to Bloomberg and Forbes.
Kenya's wealthy Ndegwa banking family pays $66 million to regain full control of insurer
The Ndegwa family will pay Sh8.5 billion to buy back the ICEA Lion stake it sold to LeapFrog and Prudential for Sh2.4 billion.
Moroccan billionaire Aziz Akhannouch’s Afriquia Gaz posts MAD370 million profit in first half of 2026
Moroccan billionaire Aziz Akhannouch’s Afriquia Gaz reported MAD370.2 million in consolidated net profit for the first half of 2026, up 0.5% year on year.
Indian billionaire Mukesh Ambani’s Jio Platforms sets October 21 launch for $3.8 billion IPO
Indian billionaire Mukesh Ambani’s Jio Platforms plans to launch a $3.8 billion IPO on October 21, with shares expected to list on October 28.
Egyptian businessman Ahmed Heikal's Qalaa Holdings to raise $74 million to clear bank debts and double refinery stake
Egyptian tycoon Ahmed Heikal’s Qalaa Holdings will seek approval for a EGP3.87 billion capital raise to expand energy investments and strengthen its finances.
South African billionaire Koos Bekker loses $800 million as Naspers, Prosus fall
Koos Bekker's fortune has dropped $800 million to $3.2 billion since January, as shares of Naspers and Prosus fell more than 35%.
South African billionaire Nicky Oppenheimer's $15 billion empire after De Beers
Nicky and Jonathan Oppenheimer have turned the family's De Beers payout into stakes in Nigerian cans, cancer clinics, Moroccan furniture and a private airport terminal.
Ghanaian alcohol tycoon Kwabena Adjei is building a 27-storey luxury tower in Accra
Kwabena Adjei's Capemay Properties is building Selton Skye, a twin-tower Accra development where three-bedroom apartments start at $565,000, according to its sales brochure.