Trump's billionaire ambassador to Italy is running his diplomacy from a $450 million yacht
Tilman Fertitta is touring Italy's coast on a 384-foot yacht he paid for himself. Venice police pushed back 300 protesters when it arrived.
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Billionaire Gina Rinehart is about to control most of Western Australia's new gas from 2030
Gina Rinehart's Hancock Energy has struck a deal with Strike Energy to unlock the stalled West Erregulla gas field in Western Australia, with production targeted for 2029 as the state braces for tightening gas supply.
Elon Musk's SpaceX backs $220 million water infrastructure deal in Brownsville as city disannexes 444 acres for expansion
The city of Brownsville has approved a $220 million water infrastructure deal involving Elon Musk's SpaceX and disannexed 444 acres of land to accommodate the rocket company's expanding Texas operations.
Angolan billionaire Alberto Almeida de Sousa's Etu Energias to acquire Chevron's blocks for $260 million
Etu Energias, half owned by Alberto Almeida de Sousa, is buying Chevron's stakes in Blocks 14 and 14K for $260 million, displacing Energean.
Nigerian Pharma tycoon Stella Okoli raises $19.8 million to complete new production facility
Stella Okoli's Emzor has raised N26.7bn ($19.8m) at a 19% coupon to finish West Africa's first antimalarial API plant a Sagamu facility that was due to open in late 2025, then early 2026, and is still incomplete.
Nvidia's $96 billion quarter is real but a physicist warns some demand may be propped up by financial engineering
AI researcher Alexander Wissner-Gross says Nvidia's record $96.2 billion quarter may partly reflect circular financing, warning that demand could be "artificially propped up through financial engineering" rather than genuine economic need.
How Magic Johnson turned a Starbucks franchise investment into a $200 million stake in the Los Angeles Dodgers
Magic Johnson built 125 Starbucks stores, sold them all back to Howard Schultz, then used the proceeds to buy a $50 million stake in the Los Angeles Dodgers that is now worth approximately $200 million.
Nigerian tycoon Tope Shonubi's Sahara supplies six months of fuel to Madagascar's power stations
Sahara Group supplied the 67 million litre cargo that opened Madagascar's state fuel imports, after the government seized a rival's storage tanks.
Nigerian billionaire Aliko Dangote cuts off petrol supply to marketers who import
Aliko Dangote's refinery has stopped selling petrol to marketers who also import, citing blending and quality. It lands while he is in court trying to cancel the import licences of six marketers and NNPC which says imports prevent monopoly pricing.
Malagasy billionaire Hassanein Hiridjee just lost a 27-year fuel import arrangement to the state
Axian's Jovena was one of four distributors that ran Madagascar's fuel imports for 27 years. A state agency has now taken the JIRAMA contract.
Ethiopian billionaire Mohammed Al-Amoudi is rebuilding his gold business in a new region
MIDROC has ordered Austrian machinery for a plant treating 1.25 million tonnes of ore a year, eight years after Ethiopia suspended its main mine.
Billionaire Naguib Sawiris wants to run some of Egypt's airports
Orascom Investment is forming a consortium with a global airport operator to bid for some of the 11 Egyptian airports going to private hands.
10 businesses in Zimbabwean billionaire Simon Rudland's empire, from cigarettes to trucks
Simon Rudland's empire spans cigarettes, a $102 million tobacco plant, trucking, fuel stations, citrus juice and mining across two countries.
South African billionaire Robert Gumede tells the Zulu king he will turn sugarcane into fuel
Robert Gumede told King Misuzulu kaZwelithini that Tongaat Hulett will produce ethanol and sell electricity to Eskom, lifting demand for KZN cane.
Mauritius says Malagasy billionaire Mamy Ravatomanga plotted a sea escape in $156 million case
Mauritius says Mamy Ravatomanga planned to leave by sea and made illicit calls from prison. His lawyer calls it conjecture with no evidence behind it.
Nigerian tycoon Ernest Azudialu is pumping more oil while owing lenders over $1 billion
Ernest Azudialu's Nestoil ran its own rig on OML 42 to lift output, twelve days after paying $60 million under an EFCC-brokered repayment plan.