Black billionaire David Steward's son paid $17 million for a horse farm in Florida with 38 stalls
David Steward II paid $17 million for a horse farm in Wellington's Grand Prix Farms, one of Florida's most exclusive equestrian communities.
Latest
African Wealth Briefing — Tues., June 2, 2026
Stephen Saad gains $33.5 million in a single session as Aspen completes its R27 billion APAC sale. Michiel Le Roux's R58 million DA gift becomes the largest individual political donation in South African history.
Ghana liquor tycoon Kwabena Adjei's Kasapreko closes IPO, set to list June 17
Kasapreko PLC has closed its GH¢700 million IPO on the Ghana Stock Exchange, with investors now waiting on allotment results ahead of a June 17 listing.
Moise Katumbi: Congolese billionaire, football club owner and Africa's most tenacious presidential contender
Moise Katumbi built the DRC's biggest private fortune from fish and copper before spending a decade trying to take the country's highest office.
Byron Allen takes over Stephen Colbert's CBS slot and buys BuzzFeed in a massive media power play
Byron Allen has seized Stephen Colbert's CBS late-night slot and acquired BuzzFeed in a bold media expansion that caps decades of building Black-owned broadcast infrastructure.
Nigerian billionaire Jim Ovia's Zenith Bank stake hits $643 million as shares surge
Jim Ovia's Zenith Bank stake has more than doubled in naira terms in 2026 and is now worth $643 million after the naira's strengthening added a dollar bonus.
Italy bans Kanye West from Reggio Emilia show over safety fears
Italian authorities have blocked Kanye West from performing in Reggio Emilia, citing public order concerns, as his troubled European comeback tour loses another date.
Billionaire Robert F. Smith's company sells renovated Palm Beach estate for $29.25 million
A company linked to billionaire Robert F. Smith and his wife Hope has sold a renovated Palm Beach estate for $29.25 million, recording a tidy profit.
South African billionaire Magda Wierzycka warns the UK is no longer safe for global investors
South African billionaire and Sygnia CEO Magda Wierzycka has warned that the UK is losing its appeal as a destination for serious global investors.
Michael Jordan set to pocket millions as PSG's Champions League win triggers jersey sales surge
Michael Jordan is set to pocket millions after PSG's Champions League final win over Arsenal triggered an immediate surge in jersey and merchandise sales.
MacKenzie Scott's Africa giving surpasses $1.5 billion as she deepens ties with continent's top nonprofits
MacKenzie Scott's cumulative giving to Africa has surpassed $1.5 billion, with new grants in 2024 and 2025 scaling up her commitment to the continent.
Egyptian billionaire Hisham Talaat Moustafa's TMG wins Iraqi investment licence for $18.8 billion Baghdad mega-city project
Egypt's Talaat Moustafa Group has secured a formal Iraqi investment licence to develop an $18.8 billion integrated city in southwest Baghdad.
A SpaceX-Tesla merger would create a $3.4 trillion giant that loses money every year
Elon Musk is weighing a potential merger of SpaceX and Tesla that would create the world's largest-ever company deal at $3.4 trillion.
Egyptian tycoon Safwan Thabet's Juhayna Food doubles first-quarter profit to $13.6 million on surging sales
Egypt's Juhayna Food Industries more than doubled its first-quarter net profit in 2026 as revenue climbed sharply across dairy and juice segments.
Billionaire Dr. Dre and Rep. Maxine Waters clash over $360 million Compton School bond measure
Dr. Dre and Rep. Maxine Waters have landed on opposite sides of a $360 million Compton school bond measure ahead of Tuesday's vote.
Uganda clears Absa takeover of Standard Chartered's retail and wealth banking business
The Bank of Uganda has approved Absa Bank Uganda's takeover of Standard Chartered's retail and wealth banking operations in the country.