Billionaire Alisher Usmanov is set to come off EU sanctions after four years
EU envoys agreed to lift sanctions on Alisher Usmanov and Mikhail Fridman in a deal renewing penalties on thousands of Russians for three years.
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Ivorian cotton tycoon Koné Daouda Soukpafolo completes takeover of fabric maker Uniwax
COIC, owned by Ivorian cotton tycoon Koné Daouda Soukpafolo, now holds 72.29% of Uniwax after buying 15 million shares from Dutch group Vlisco.
South African media mogul Given Mkhari built four radio stations from scratch
Given Mkhari founded Shilumana, formerly MSG Afrika, and built Capricorn FM, Power 98.7, Rhythm FM and Beat 105.2 by applying for licences.
Billionaire Mark Zuckerberg gains $25 billion in a day as Meta shares jump 12%
Meta shares rose almost 12% on Monday after Wells Fargo raised its target, lifting Mark Zuckerberg's fortune to $253.6 billion, per Forbes.
Nigerian tycoon Olakunle Williams' Tetracore lands power license in Edo State
Olakunle Williams' Tetracore has secured a power generation and distribution license in Edo State, where it supplies 40 million cubic feet of gas a day.
Billionaire Johann Rupert's fibre business now reaches 2.9 million South African homes
Johann Rupert's fiber group Maziv now passes 2.9 million South African homes with 1.38 million subscribers, generating $473 million in revenue, Remgro's results show.
Billionaire Nvidia boss Jensen Huang calls paying $8 billion in California tax 'a privilege'
Nvidia CEO Jensen Huang says paying $8 billion under California's proposed 5% billionaire tax would be "a privilege," even as Zuckerberg, Page and Brin leave the state.
Billionaire Changpeng Zhao adds $9.8 billion in a day, now worth $91.2 billion
Binance founder Changpeng Zhao added $9.8 billion in a day to reach $91.2 billion, an 84% gain this year driven by his 90% Binance stake.
Billionaire Vivek Ramaswamy's fortune hits $2.3 billion as he runs for governor
Vivek Ramaswamy was worth $1 billion in March 2025. He is worth $2.3 billion now, while campaigning for governor of Ohio and if he wins in November, only Donald Trump and J.B. Pritzker would outrank him among America's elected officials.
Billionaire Nvidia boss Jensen Huang puts the chance AI ends the world by 2030 at zero
Four AI subscribers say the industry's leaders illegally agreed to make their products improve more slowly. Jensen Huang, whose chips those products run on, says the risk they were guarding against is a doomsday narrative with a zero per cent chance of materialising.
Nigerian billionaire Aliko Dangote's group says it owns the world's biggest construction fleet
Dangote Industries has bought 4,000 more construction machines, taking its fleet to 6,500, as work begins to double the Lekki refinery to 1.4 million barrels a day.
African Wealth Briefing — Mon., Sept. 21, 2026
Fresh from listing his refinery, Aliko Dangote unveiled a $3.5 billion, 2,650-kilometre pipeline to pump fuel across Southern Africa. And in South Africa, Saki Macozoma sold his entire manganese business to Exxaro for R11.7 billion.
The Inside Story: So He Bought a Bank — How GT Ferreira Was Refused a Banking Licence in 1977, Then Built One of South Africa's Great Fortunes
In 1977, GT Ferreira and two partners applied for a banking licence in South Africa. They were refused. So, over the next eight years, they simply built the thing the regulator wouldn't hand them — buying their way into control of a merchant bank and turning it into the foundation of FirstRand.
Deep-Dive Report: The Pipeline Builder — How Emeka Okwuosa's Oilserv Went From Nigerian Gas Contractor to Pan-African Energy Developer
Emeka Okwuosa's Oilserv helped build the AKK pipeline, Nigeria's gas backbone. Two months later it signed to develop two blocks in Gabon — the moment a contractor becomes a developer. Inside Nigeria's indigenous pipeline champion and its move up the value chain, and across borders.
Investor Memo: The Clean Exit — Why Saki Macozoma Sold His Entire Manganese Business to Exxaro for R11.7 Billion and Kept Everything Else
Saki Macozoma just sold his entire manganese business to Exxaro for R11.7 billion — and kept the trucking, gaming, telecoms and copper. A clean, total exit from one capital-hungry commodity, and a lesson in what a diversified owner should hold and what he should let go.
Nigerian-born tycoon Bassim Haidar puts his £18 million One Hyde Park flat up for sale
Reform donor Bassim Haidar is selling his £18.2m One Hyde Park flat and homes in Mayfair, Kensington and Chelsea amid fears over Labour taxes.