Africa's millionaire population grew 4.1% on gold prices as global wealth hit $98.3 trillion
Africa's millionaire population grew 4.1% in 2025 on higher precious metal prices, with Morocco the fastest-growing market at 16.8%.
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Madagascar billionaire Hassanein Hiridjee has raised $730 million to expand across Africa
Madagascar billionaire Hassanein Hiridjee has raised about $730 million from development lenders since 2025 to expand his Axian across Africa.
Kenyan tycoons Ronald Karauri and Robert Macharia lose SportPesa control to anonymous UAE firm
A UAE-registered firm with no traceable owner holds 54% of SportPesa's Kenyan operator, cutting Ronald Karauri and Robert Macharia below 4%.
Nigerian billionaire Aliko Dangote pitches Cameroon fuel terminal to reach landlocked Central Africa
Nigerian billionaire Aliko Dangote has proposed a fuel storage terminal in Cameroon to serve landlocked Chad and Central African Republic.
Mauritian tycoon Arnaud Lagesse bets on African consumers as IBL revenue tops $2 billion
Mauritian tycoon Arnaud Lagesse is steering IBL Group deeper into African consumer markets, where East Africa now supplies 37% of group revenue.
South Korean billionaire Chey Tae-won ordered to pay ex-wife $644 million in record divorce
South Korean billionaire Chey Tae-won must pay ex-wife Roh Soh-yeong $644 million in cash, the largest divorce award in the country's history.
Hedge fund billionaire Bill Ackman commits $260 million to brain institute after daughter's hemorrhage
Hedge fund billionaire Bill Ackman's foundation is spending $260 million on two Manhattan buildings to house a brain research institute.
Mozambican tycoon Salimo Abdula urges African companies to innovate and expand abroad
Mozambican tycoon Salimo Abdula told the Mozambique CEO Summit that innovation and partnerships will decide which African firms compete globally.
South African billionaire Ivan Saltzman quits Dis-Chem board, ending the founding family's 48-year presence
Ivan Saltzman resigned from the Dis-Chem board with immediate effect, barely three weeks after taking the non-executive seat he retired into.
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
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.