Tunisian tycoon Abdelwaheb Ben Ayed gains $2.9 million from Poulina stake
The $2.87-million surge in the market value of his holding solidifies Ben Ayed’s status as one of the wealthiest investors on the Tunis Stock Exchange.
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Magic Johnson joins Taylor Swift and 263 others in the ranks of world’s newest billionaires
His inclusion in the exclusive billionaire club underscores his enduring legacy both on and off the basketball court.
Ray Allen: Turning soar experiences to glorious opportunities
Allen, being a man dedicated to excellence and hard work, overcame bullies, cemented his name in NBA history and is, apparently, a business mogul.
Globacom founder Mike Adenuga’s net worth rebounds sharply, nearing $7 billion
Adenuga remains among the world’s 400 richest people and one of the top five wealthiest individuals in Africa.
Botswana tycoon Farouk Ismail’s Choppies to pay first dividends since 2017
The founders, Ramachandran Ottapathu and Farouk Ismail, are poised to benefit from the dividend payout.
South African businessman Barry Swartzberg loses $8.7 million in Discovery stake
Despite these substantial losses, Swartzberg continues to hold his ground as one of South Africa’s prominent businessmen.
Top Black CEO Marvin Ellison gains $6.6 million from Lowe’s shares
This recent boost follows a previous rise in Ellison’s wealth, with his stake in Lowe’s seeing a $3.3-million uptick between Jan. 24 and Feb. 14.
Kenyan banker James Mwangi leads Equity’s expansion into general and health insurance
The expansion follows a successful foray into life insurance in 2022 and subsequent approval from the Insurance Regulatory Authority (IRA) in May 2023 to establish a general insurance company.
Nigerian tycoon Tony Elumelu-linked power company posts revenue exceeding $100 million in 2023
The surge in the company’s revenue led to a significant 74.9-percent jump in profit, reaching N30.23 billion ($23.15 million) at the end of 2023.
Nigeria’s richest banker Jim Ovia’s stake in Zenith Bank grows by $20.4 million
This recent gain strengthens Ovia’s position as Nigeria’s wealthiest banker, underscoring his success as a leading figure in the financial services industry.
African-American billionaire Alex Karp’s fortune drops $100 million in 19 days
The pullback coincides with a recent downgrade of Palantir Technologies (PLTR), the data analytics software firm Karp co-founded.
Kenyan tycoon Gideon Muriuki’s Co-op Bank to distribute $66.45-million dividend
The proposed dividend marks a significant milestone for the group and reflects its strong financial position.
Britam, owned by Kenya’s richest investors, pours nearly $5 million into fund
This move, aimed at shoring up the unit’s liquidity, brings Britam’s total cash injection into the fund to Ksh6.9 billion ($53.1 million) as of December 2023.
Late Nigerian banker Herbert Wigwe led Access Holdings to $451-million profit in 2023
While Wigwe’s leadership is sorely missed, his impact remains evident in the group’s record-breaking 2023 profits.
Beyond the Basketball Court: Chris Bosh’s Multifaceted Success Story
Bosh’s journey from a Texas high school sensation to an NBA legend is a tale of talent, determination, and resilience.
South African billionaire Stephen Saad leads Aspen to record $1.1-billion revenue
Aspen anticipates a robust second half of 2024, supported by the launch of sterile manufacturing contracts and continued growth in its active pharmaceutical ingredients (API) business.