South African tycoon Iqbal Survé's side loses a bid for the big banks' compliance files
The Supreme Court of Appeal overturned a 2024 order forcing the Financial Intelligence Centre to hand over confidential bank records.
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Indian billionaire heir Anant Ambani becomes sustainability professor at Newcastle University
Newcastle University appointed Anant Ambani, son of Mukesh Ambani, professor of practice in sustainability on Sept. 14, drawing criticism.
Zimbabwean billionaire Strive Masiyiwa joins Amazon and Google in an African languages AI pact
Strive Masiyiwa's Cassava Technologies is among 60 organisations committing to let 3.4 billion people use AI in their own languages within five years.
Billionaire Michael Jordan opens a $250,000 media studio at Morehouse College
Morehouse College opened its Multimedia Centre on Sept. 23, built with more than $1 million from Michael Jordan and his Jordan Brand.
Billionaire Lionel Messi buys the house next door in Fort Lauderdale for $8 million
An entity tied to Lionel Messi paid $8 million for 71 Compass Lane, creating a 0.8-acre compound with 15 bedrooms in Fort Lauderdale.
Greek shipping billionaire Maria Angelicoussis turns freight profits into an Nvidia stake
Nicrone, the family office of Greek shipping billionaire Maria Angelicoussis, has made Nvidia one of its top listed holdings, Bloomberg reported.
Kenyan billionaire Humphrey Kariuki loses court fight to hold on to a South African wine brand
A Nairobi judge refused to stop Namaqua Wines ending its deal with WOW Beverages, ruling the exclusive distributorship was never put in writing.
Nigerian auto billionaire Michael Ade-Ojo wants his university to stop relying on his money
Michael Ade-Ojo told Elizade University's new governing council to reduce its dependence on him and raise money from companies and donors.
Nigerian billionaire Sayyu Dantata could lose $35 million of aircraft over a $1.75 million bill
Nigeria Customs has asked a Lagos court to permanently forfeit three aircraft linked to Sayyu Dantata over N2.31 billion in unpaid import duty.
Nigerian businessman Adebisi Adebutu takes 86% of Chappal after $100 million rescue
Two years ago Chappal Energies bought Equinor out of Nigeria for $1.2 billion. Its founder is now in detention and a minority shareholder who petitioned the anti-graft agency owns 86 per cent of the company, after putting in $100 million to stop it going under.
Hedge Fund billionaire Ken Griffin's $700 million Miami spree hits a helipad objection
Ken Griffin has spent an estimated $700 million buying up Miami since moving Citadel there in 2022, and won approval last year for one of the largest private yacht marinas the city has seen. Now eight condominium boards are telling officials to stop him landing a helicopter.
Aliko Dangote starts $160 million Djibouti terminal to pump fuel into Ethiopia by pipeline
Aliko Dangote, Djibouti's President Guelleh and Ethiopia's Abiy Ahmed have broken ground on a $160 million fuel storage terminal and pipeline supplying landlocked Ethiopia.
Billionaire Mukesh Ambani's Reliance lines up $1 billion bond sale, its second in three weeks
Mukesh Ambani's Reliance Industries plans a $1 billion sale of 10-year rupee bonds at 7.90%, its second local debt offering in three weeks, bankers say.
Elon Musk on Paramount's investor wish list as Larry Ellison carries $46.7 billion of the load
Paramount CEO David Ellison has considered asking Elon Musk to join a group of equity investors as his $111 billion Warner Bros. Discovery merger nears the finish line.
Billionaire Michael Dell's $10.9 million Boston penthouse opens at $6.5 million
Michael Dell is auctioning his Boston penthouse with bidding from $6.5 million, 40% below the $10.9 million he paid for it in 2016.
Ghana's wealthy Adjei family owns 86% of Kasapreko, a stake now worth $540 million
The Adjei family holds 3.55 billion Kasapreko shares, about 86% of the Alomo Bitters maker, worth GHS6.28 billion or roughly $540 million.