Africa's richest man Aliko Dangote is worth $54 billion after refinery filing reveals 87% stake
A new prospectus shows Aliko Dangote holds 87.27% of his oil refinery, putting the fortune of Africa's richest man at $54 billion.
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Billionaire Aliko Dangote's $16 billion Kenyan refinery has no secure crude supply
Aliko Dangote breaks ground at Lamu on Sept. 30 on a 700,000-barrel refinery, in a country with no commercial oil production.
Kenyan tycoon Suleiman Shahbal signs a $100 million Mombasa deal with Dubai's DP World
DP World is putting more than $100m into a 535-acre industrial zone at Jomvu with Suleiman Shahbal's GulfCap. At the signing, President Ruto used the podium to tell Shahbal to abandon his bid for Mombasa governor.
Indian billionaire Gautam Adani's airport arm raises $1 billion at an $18 billion valuation
Adani Airport Holdings will raise 98.25 billion rupees from Temasek, BlackRock funds, Alpha Wave Global and Premji Invest for 5.54%.
Billionaire Michael Dell overtakes Jeff Bezos to become world's third richest
Michael Dell is now the world's third-wealthiest person on Forbes' ranking, ahead of Jeff Bezos for the first time. His fortune has more than doubled in a year on demand for AI server hardware.
South African billionaire Johann Rupert names his son Anton co-deputy chair of Richemont
Johann Rupert has put his 39-year-old son Anton in charge of Richemont's creative and commercial direction as non-executive co-deputy chairman, announced on the day of the group's annual general meeting.
Russian billionaire Roman Abramovich loses his third attempt to overturn EU sanctions
Roman Abramovich has lost a third attempt to lift EU sanctions. The court held that his stake in Evraz was enough on its own, no proof he controlled the company or influenced the Kremlin was required.
Billionaire Robert Friedland's Congo copper discovery is now worth 12 million tonnes of metal
Ivanhoe says the Makoko district in the DRC now holds about 12 million tonnes of contained copper, a 30% increase, with a scoping study in 2027.
Moroccan billionaire Moulay Hafid Elalamy now holds 12.5% of Teleperformance
Moulay Hafid Elalamy has closed the €355 million derivative he used to build a stake in Teleperformance, and holds about 12.5% of the CAC 40 group.
Britain's richest woman Denise Coates paid herself £104 million and is now cutting 340 Bet365 jobs
Bet365 will cut about 340 jobs across Stoke, Gibraltar and Malta after tax on online casinos rose from 21% to 40% under Rachel Reeves.
Billionaire Tim Draper ignores Tanzanian government, fields offers for private island
Tim Draper says offers are coming in for his $7.9 million Lake Tanganyika island, days after Tanzania said the land belongs to the state.
Nigerian billionaire Folorunsho Alakija's FAMFA Oil faces a $6.7 million customs demand
An investigation says FAMFA Oil kept three Bombardier jets worth close to $200 million in Nigeria for over a decade on faulty import papers.
Billionaire Naguib Sawiris's son backs $50 million platform to buy Egypt's heritage brands
Onsi Naguib Sawiris has put money behind a new vehicle buying culture-rooted Egyptian brands. Creative Investments Holding has secured $20 million at first close toward a $50 million target, with an Egyptian state SME agency sitting on the same cap table.
U.S.-Nigerian mogul Sam Darwish to receive $115 million as MTN buys out IHS Towers
Sam Darwish built IHS Towers from a Nigerian start-up into the world's third-largest independent tower operator. MTN's takeover at $8.50 a share would convert his 13.5 million shares into about $115 million in cash.
Italian billionaire John Elkann to sell $1.2bn Iveco stake to Tata Motors
Exor is selling out of the truck business. John Elkann's Agnelli family holding company will tender its 27.06 percent of Italy's Iveco into a takeover by India's Tata Motors, a stake worth about $1.2 billion.
There are only 23 crypto billionaires in the world and nine of them made it on Bitcoin
Henley & Partners counts 135,694 crypto millionaires and just 23 crypto billionaires worldwide, with Bitcoin 38% below its October 2025 peak.