German billionaire Klaus-Michael Kuehne, logistics magnate behind Kuehne + Nagel, dies at 89
Klaus-Michael Kuehne, the controlling shareholder of Swiss logistics group Kuehne + Nagel and one of Germany's richest investors, has died at the age of 89.
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Evergrande founder Hui Ka Yan, once China's richest man, sentenced to life in prison
Hui Ka Yan, the founder of Evergrande and once China's richest man, has been sentenced to life in prison for fraud and bribery.
Morocco has a new billionaire, Mohammed Bouzoubaa, with a $1.6 billion stake in TGCC
Morocco has another new billionaire in TGCC founder Mohammed Bouzoubaa, whose 19.3 million shares in the construction group are worth $1.62 billion.
Christo Wiese and Johann Rupert have given 24,500 South Africans legal title to their homes through Khaya Lam
Billionaires Christo Wiese and Johann Rupert have backed a project that has handed 24,500 title deeds to South Africans who owned their homes but not the land beneath them, unlocking generational wealth for families who had none.
South African tycoon Giovanni Ravazzotti's Italtile profit falls 14% on cheap imported tiles
Italtile's trading profit fell to R1.8 billion as dumped imports squeezed its factories. The duties it won came after year end.
African Wealth Briefing — Mon., Aug. 24, 2026
Morocco's royal family holds $17.5 billion of the country's listed companies through one vehicle, Al Mada — and the kingdom minted a brand-new billionaire the same week.
Deep-Dive Report: The Necessary Partner — How Simphiwe Mehlomakulu's Reatile Became the Black-Owned Partner ADNOC Needed to Buy Shell's 580 Petrol Stations
ADNOC's ~$1 billion purchase of Shell's 580 South African petrol stations needed something money couldn't buy: a Black-owned local partner without which the deal couldn't close. It picked Reatile. Inside the quiet, decisive role of the empowerment partner in African dealmaking.
Investor Memo: The Palace Portfolio — Inside Al Mada, the Holding Company Through Which Morocco's Royal Family Controls $17.5 Billion of the Economy
Morocco's royal family controls ~$17.5 billion of listed companies — two-thirds of it mining — through a single vehicle, Al Mada. A study of how great fortunes are built to hold and command entire sectors, not to be counted. A look inside the structure, not the person.
The Inside Story: Banking the Overlooked — How Bicycle-Parts Trader Idrissa Nassa Built a $9 Billion Bank Serving the Customers Everyone Else Ignored
In 1984 Idrissa Nassa moved bicycle parts across West African borders. Today he controls a $9 billion banking group in eleven countries — built by serving the traders big banks ignored — and just pledged to mobilise $712 million for Burkina Faso's hospitals and schools.
South African billionaire Johann Rupert's daughter Hanneli now runs his Venice craft biennial
Hanneli Rupert, daughter of Richemont chairman Johann Rupert, runs the Homo Faber craft biennial in Venice, which opens for a month on Sept. 1.
South African billionaire Robert Gumede's $1.9 billion smart city hits land and contract snags
Robert Gumede's Guma Group plans a $1.9 billion smart city on Mpumalanga state land, but contracts, residents and a citrus farm are unresolved.
Elon Musk renews Starlink push for India, targeting 440 million rural users locked out of 4G coverage
Elon Musk has renewed his pitch for Starlink in India, targeting the country's 440 million rural internet users as SpaceX reapplies for regulatory approval to deploy its next-generation satellite constellation.
A Tesla worker would need 2.5 million years to match Elon Musk's 2025 pay of $158 billion, AFL-CIO data shows
AFL-CIO data shows Tesla's CEO-to-worker pay ratio hit 2,522,203-to-1 in 2025, with Elon Musk credited with $158.3 billion in compensation against a median employee salary of $57,243.
Morocco has a new billionaire, construction tycoon M'hammed Kabbaj, worth $1.7 billion
Morocco has a new billionaire in SGTM chairman M'hammed Kabbaj, whose 22.2 million shares in the construction group are worth $1.72 billion.
King Mohammed VI's family owns $17.5 billion in listed Moroccan firms, two-thirds of it mining
Morocco's royal family controls 60% of Al Mada, giving it roughly $17.5 billion in publicly traded Moroccan companies, with $11.3 billion in mining.
Billionaire Ray Dalio says put 10% to 15% of your portfolio into gold
Ray Dalio has told investors to underweight bonds and hold 10% to 15% in gold, warning a US debt crisis could arrive within five years.