South Africa’s 10 richest billionaires in 2025
From luxury goods to mining and fintech, they shape economic trends and investment flows across Africa and beyond.
Latest
Kanye West faces $20 million contract loss in Japan after anti-Semitic remarks cost him $1.6 billion
This adds to the rapper’s mounting struggles, exacerbated by a $1.6 billion hit in October 2022 when Adidas cut ties with him over his anti-Semitic remarks.
Flutterwave to delay IPO until profitable, Nigerian tech entrepreneur Olugbenga Agboola confirms
Agboola emphasized that the IPO’s timing isn’t just about being ready from an operational standpoint, but about delivering real, long-term value to its stakeholders.
Aga Khan IV, spiritual leader and business visionary, dies at 88
Aga Khan’s investments shaped East Africa’s media, banking, and hospitality sectors.
South African tycoon Christopher Seabrooke’s stake in Sabvest drops by $6 million
The decline comes as investors on the Johannesburg Stock Exchange (JSE) take profits and adjust their portfolios.
Egypt’s richest man loses $220 million in one week
Despite recent setback, Sawiris' wealth is up by $261 million YTD, driven by early 2025 gains and strong performance in his diverse portfolio.
Egyptian business executive Dalia Khorshid drives Beltone to record $143 million revenue in 2024
The strong results reinforced its position as one of the fastest-growing financial institutions in the Middle East and North Africa (MENA) region.
South African tech mogul Jens Montanana buys Datatec shares worth $4.25 million
The move cements his position among the company’s top shareholders and reflects confidence in its future.
Pick n Pay, backed by Ackerman family, shuts more stores across South Africa
The retailer has closed 32 additional stores across the country, signaling its effort to streamline operations and reduce losses.
South African billionaire Douw Steyn passes away at 72
Douw Steyn, founder of Steyn City and owner of Saxon Hotel, dies at 72 after battling ongoing health issues.
Anglo American plans spin-off, 12 years after Oppenheimer family’s $5.2 billion De Beers exit
Anglo American plans to spin off De Beers by end of 2025, part of broader strategy to focus on high-growth commodities.
Egypt's wealthy Khamis family’s stake in Oriental Weavers rises $13.5 million
This turnaround comes after a strong rally in the company’s shares in recent weeks.
U.S. third-richest Black person Alex Karp’s Palantir delivers $2.9 billion revenue in 2024
Revenue for the twelve months of 2024 climbed to $2.87 billion, up from $2.23 billion in the prior year period.
Oil billionaire Indimi addresses $435 million dividend feud, says he bought daughters’ stakes for $10 million
He has also denied their accusations of intimidation, insisting they were not pressured into transferring their shares.
Nigerian billionaire Femi Otedola's net worth soars by $100 million to $1.7 billion amid naira's recovery
His $100 million gain comes after an impressive 2024, during which his net worth grew by $600 million
One of America’s richest Black executives leads Eaton to $24.9 billion sales in 2024
This was driven by robust organic sales, particularly within the company’s Electrical Americas, Electrical Global and Aerospace segments.