Elon Musk was a trillionaire for eight days. Then it ended
Elon Musk became history's first trillionaire on June 12, 2026. Twelve days later, a brutal tech selloff erased up to $374 billion and ended the milestone.
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African Wealth Briefing — Sun., June 28, 2026
The week the league table got loud — Dangote versus Forbes, a take-private bid from Nassef Sawiris, and Africa named the world's fastest-growing wealth region.
Africa's richest man signs massive equipment deal with China's XCMG to double his refinery's capacity by 2029
Aliko Dangote has signed a major equipment deal with Chinese machinery manufacturer XCMG to double the Dangote Petroleum Refinery's capacity to 1.3 million barrels per day by 2029.
Madagascar billionaire Hassanein Hiridjee's Axian Energy secures $60 million loan from MCB to expand renewable energy across Africa
Hassanein Hiridjee's Axian Energy has secured a $60 million loan from MCB Group to fund its renewable energy expansion across multiple African markets.
Jamaica's richest man bets on cancer treatment's new innovation era
Jamaican-Canadian billionaire Michael Lee-Chin says cancer treatment is entering a transformative new phase of innovation, reflecting a broader investment thesis that connects health, technology and long-term wealth creation.
Botswana fights South African mining tycoon Bridgette Motsepe-Radebe's R83 million legal bill
The Botswana government is fighting Bridgette Motsepe-Radebe's R83 million legal bill after a court cleared the South African businesswoman of a fabricated $10 billion conspiracy.
Nigerian oil billionaire Muhammadu Indimi to pocket $1 million as Jaiz Bank raises dividend
Nigerian oil billionaire Muhammadu Indimi will receive N1.44 billion from Jaiz Bank after shareholders approved a 57 percent dividend increase following another year of strong earnings growth.
Billionaire Jay-Z opens up in eight-part HBO documentary with Rick Rubin
Jay-Z has announced an eight-part HBO documentary series directed by Rick Rubin that will trace the billionaire rapper's music, lyrics and life experiences this fall.
Serena Williams is back at Wimbledon at 44 and the world cannot decide whether to cheer or wince
Serena Williams is making her Wimbledon comeback at 44, facing 20-year-old Maya Joint in her first Grand Slam singles match in approximately four years as a betting long shot.
Adebowale Olujimi's Emadeb Energy commits to host communities trust as Ibom Field moves toward expanded production
Debo Olujimi's Emadeb Energy Group has reaffirmed its commitment to the Ibom Field host communities development trust as PPL 236 moves toward expanded production.
Kiprono Kittony steps down as Radio Africa chairman after 25 years to take over as Kenya Airways board chair
Kiprono Kittony has stepped down as Radio Africa Group chairman after 25 years, with the Kenyan businessman set to take over as Kenya Airways board chair.
Narendra Raval built Kenya's biggest cement and steel empire but tax battles and political scrutiny are testing his limits
Narendra Raval built Kenya's biggest cement and steel empire from a small hardware shop in Gikomba Market, but mounting tax battles and political scrutiny are now testing his limits.
Byron Allen's Freestyle Digital Media acquires mystery thriller The Third Degree for July release on major streaming platforms
Byron Allen's Freestyle Digital Media has acquired VOD rights to mystery thriller The Third Degree for release across North American digital platforms on July 10, 2026.
Jean-Louis Billon built a $1.2 billion palm oil empire, then chased Ivory Coast's presidency
He built his family's plantation roots into a $1.2 billion palm oil and rubber empire, then turned his ambition toward Ivory Coast's presidency. T
Farouk Ismail inherited a failing shop in Lobatse and turned it into a $38 million retail fortune
Farouk Ismail inherited a failing general dealer in Lobatse from his father, made the pivotal decision to hand operational control to a Kerala accountant named Ram, and built a $38 million retail fortune.
Inoussa Kanazoe left his village with 13,500 FCFA and built a $500 million cement and gold empire
Inoussa Kanazoe left his village with 13,500 FCFA, sold ice cream in Abidjan and returned to build a cement empire across five countries and a gold mining group acquiring the mines foreign companies are fleeing.