American billionaire Elon Musk's SpaceX borrows $40 billion to buy AI chips
Elon Musk says SpaceX has closed $40 billion in debt to buy AI chips arriving next year, and warns credit is drying up for rivals.
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Australian billionaire James Packer paid $1.25 million to Netanyahu's law firm
Australian billionaire James Packer paid $1.25 million to the law firm defending Israel's prime minister, and says the work was unrelated to the case.
American billionaire Phil Knight's $100 million film opens to $11.8 million
Wildwood, the stop-motion film financed by Nike co-founder Phil Knight's Laika studio, opened to an estimated $11.8 million in North American theaters.
Egyptian billionaire Hassan Allam’s group expands EastHills with $500 million construction contract
Egyptian billionaire Hassan Allam’s group has awarded its construction arm an additional $500 million in works for Phase II of Grova EastHills, taking the project’s combined construction contracts above $1 billion.
Kanye West's Jakarta concert generated $25 million, governor says
Kanye West's first concert in Indonesia drew about 30,000 foreign fans and generated roughly $25 million for Jakarta, the city's governor says.
Singaporean billionaire Peter Lim sells 42% of Valencia, valuing club at $1.4 billion
Peter Lim's Meriton Holdings is selling up to 42% of Valencia CF to Pitchwise, a group backed by KKR founders George Roberts and Henry Kravis.
Ghanaian billionaire Ibrahim Mahama's gold mine doubles full-time staff to 426
Six months after taking over the Damang gold mine from Gold Fields, Ibrahim Mahama's company has doubled full-time staff and lifted monthly mining volumes.
American hedge fund billionaire Bill Ackman predicts a $1 trillion Israeli company
Pershing Square founder Bill Ackman says artificial intelligence will help Israel produce a $1 trillion company and he is still looking to invest more.
American billionaire Elon Musk offered free internet to 2.4 million South African students
The US ambassador to South Africa says Elon Musk offered schools free Starlink internet but refused the government's demand for 30% local ownership.
American billionaire Len Blavatnik extends sports streamer DAZN's lifeline after $980 million loss
Len Blavatnik's Access Industries has promised DAZN another year of financial support after the sports streamer lost nearly $1 billion in 2025.
American billionaire Ken Griffin’s Citadel Securities moves to bigger India office as it expands in fast-growing market
American billionaire Ken Griffin’s Citadel Securities is moving to a larger office in Gurugram early next year as it expands its push into India.
Japanese billionaire Masayoshi Son plans $50 billion AI and data center investment in Malaysia
be watching for confirmation from SoftBank and for details on timing, partners and funding. Excerpt Japanese billionaire Masayoshi Son plans to invest $50 billion in AI and data centers in Malaysia, with sites chosen in Sarawak and the peninsula.
Portuguese billionaire footballer Cristiano Ronaldo tops all-time athlete earnings at $2.09 billion
Cristiano Ronaldo has earned $2.09 billion over his career, the most of any athlete, as Stephen Curry and Kevin Durant join the billion-dollar club.
Indian billionaire Mukesh Ambani's family zoo faces questions over orangutan trade
The discovery of five baby orangutans in an Indian forest has renewed scrutiny of Vantara, the vast animal center run by billionaire Mukesh Ambani's family.
Nigerian billionaire Aliko Dangote’s refinery says IPO closes Tuesday, rules out any further extension
Nigerian billionaire Aliko Dangote’s refinery says Tuesday is the final day to buy into its IPO, with no extension, as it reports rising last-minute demand.
African Wealth Briefing — Mon., Oct. 26, 2026
Dangote's refinery IPO closes tomorrow, and new details show he nearly walked away from his Kenya Pipeline deal. Femi Otedola is reportedly buying up to 5% of Dangote Cement. Shoprite is in banking talks with Investec. And Douw Steyn's former home is now Africa's leading boutique hotel.