MacKenzie Scott has now given more than $1 billion to historically Black colleges
MacKenzie Scott has given more than $1 billion to historically Black colleges since 2020, all of it unrestricted, part of $26 billion in donations.
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Ivorian billionaire Jean Kacou Diagou is quitting Nigerian life insurance after 15 years
Jean Kacou Diagou's NSIA has approval to hand its Nigerian life portfolio to CHI Life, exiting a quarter of the subsidiary's revenue.
French billionaire family is buying a $135 million Mayfair building with African oil money
The Perrodo family's BNF Capital has agreed terms to buy 27 Savile Row for about £100 million, moving money out of African oil into Mayfair property.
Bill Gates has 60% of his $33 billion foundation portfolio in three stocks and none of them are tech companies
Bill Gates, worth more than $100 billion despite decades of donations, has concentrated 60% of his Gates Foundation's $33 billion investment portfolio in three slow-growing value stocks, none of which are technology companies.
David Tepper cut Micron by 41%, dumped Sandisk entirely and is now betting against Apple with $242 million in put options
David Tepper's Appaloosa Management cut its Micron stake by 41%, sold its entire Sandisk position and placed a $242 million bet against Apple in the second quarter, raising questions about whether the memory chip supercycle is approaching its peak.
South Africa's Brimstone Investment Corporation lifted dividends 76% despite US aid cuts
Brimstone's cash dividends rose 76.5% to R161.4 million and net asset value 11.7%, even as US health funding cuts hit its Obsidian business.
Why Africans with $1 billion in shares are missing from the Bloomberg and Forbes rich lists
Forbes and Bloomberg subtract debt, discount illiquid stakes and refuse to count assets they cannot verify. A billion-dollar holding is not enough.
US-sanctioned Zimbabwean billionaire Kudakwashe Tagwirei has been sworn in as a senator
Sakunda founder Kudakwashe Tagwirei took his oath on Tuesday, appointed by a president who sits alongside him on the same US sanctions list.
Michiel Le Roux's Capitec blocked $43 million in fraud losses using AI that scores every payment in real time
Capitec has revealed that its AI-powered payment screening system blocked $43 million in potential fraud losses for more than 113,000 clients in the year to June 2026, while flagging more than 394,000 potentially fraudulent payments.
Billionaire Mark Cuban bought a $25 million Dallas mansion sight unseen and paid half price
Mark Cuban paid half price for a $25 million Dallas mansion he had never set foot in, buying it sight unseen during a foreclosure and calling it the best guaranteed return on investment available anywhere.
New Apple CEO John Ternus could earn $58 million
Billionaire Tim Cook has handed Apple to John Ternus and kept a $47m package as executive chairman. Filings show only half of Cook's award is performance-linked. Three-quarters of the new chief executive's is.
Monaco's Mareterra district made $3 billion profit in six months with Kazakh billionaire Bulat Utemuratov among investors
Monaco's Mareterra luxury district, built on reclaimed Mediterranean land at a cost of $2.3 billion over 11 years, generated $3 billion in net profit within six months of completion, with Kazakh billionaire Bulat Utemuratov among the investors who shared in the returns.
Kylian Mbappé-backed Alan buys Senegal's Tanel in first Africa deal
Alan, the French health insurance unicorn whose backers include Kylian Mbappé, has bought Dakar's Tanel its first move into Africa. The target is a million African customers by 2030, starting in Senegal and Côte d'Ivoire.
Nigerian tycoon John Alamu is 34 and already runs the country's largest cocoa processor
John Alamu started with ₦100,000 lending to market women in 2014. At 34 he runs Nigeria's largest cocoa processor and a bank in two countries.
Billionaire Mukesh Ambani is taking on India's ice cream giants at 11 cents a cup
Billionaire Mukesh Ambani is entering India’s crowded ice cream market with Bombay Creamery, using ₹10 starting prices and Reliance’s vast retail network to challenge established brands.
Billionaire Stan Kroenke Agrees to Buy Los Angeles Angels in Reported $4 Billion Deal
Billionaire Stan Kroenke is expanding his sports empire after agreeing to acquire a controlling interest in the Los Angeles Angels in a reported $4 billion deal.