South African billionaire Ivan Glasenberg’s wealth surges by $510 million in 34 days
Despite recording substantial year-to-date losses totaling $687 million, Glasenberg’s recent ascent in wealth has been notable.
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South African exec Anthony Thunstrom-led TFG to strengthen presence in South African sportswear market
TFG aims to solidify its position in the burgeoning sportswear segment amidst resilient consumer demand, despite the challenges posed by the COVID-19 pandemic.
Top Black CEO Marvin Ellison’s shares in Lowe’s reaches $55 million
The recent $4.31-million surge in Ellison’s stake in Lowe’s further cements Ellison’s position as one of America’s richest Black CEOs and one of the world’s leading executives.
Adidas donates $150 million from sale of Kanye West’s Yeezy line to fight anti-Semitism
In its recently published financial results, Adidas disclosed extraordinary expenses totaling more than €340 million ($370 million), which included donations exceeding €140 million ($152 million).
Big Boi: The Hip-Hop Millionaire Making Moves Beyond the Mic
Dive into the multifaceted world of Big Boi, the legendary hip-hop artist whose career spans from the iconic duo Outkast to a thriving entrepreneurial empire.
6 businesses owned by Ice T
From street life to stardom, Ice-T’s journey spans groundbreaking rap albums, iconic acting roles, philanthropic efforts, and successful business ventures.
Co-op Bank led by Kenyan banker Gideon Muriuki to add 15 branches in 2024 despite digital shift
As Co-op Bank embarks on its ambitious expansion journey, the institution reaffirms its commitment to serving diverse customer needs while leveraging technological innovations.
U.S.-Nigerian telecom tycoon Sam Darwish loses $4.33 million as IHS shares plunge
According to data tracked by Billionaire.Africa, the market value of Darwish’s stake in IHS Holding has plunged by $4.33 million over the past 24 days.
Nigeria’s aviation authority warns private jet owners, including billionaires, on unauthorized usage
To ensure compliance, the NCAA will deploy officials to General Aviation Terminals (GAT) and private airport wings to monitor PNCF holders’ activities closely.
One of America’s richest Black CEOs, Craig Arnold gains $13.6 million from Eaton stake
Arnold, recognized as one of America’s leading executives, holds a beneficial 0.13-percent stake in Eaton Corporation, or 517,061 shares.
Egyptian billionaire Samih Sawiris’ company to construct Africa’s largest skate park
Construction of Africa’s largest skate park is slated to commence later this year, with the grand opening scheduled for 2025.
Nigerian banker Aigboje Aig-Imoukhuede returns as non-executive chairman of Access Holdings
The decision for his return followed extensive consultations with key stakeholders, and the holdco board unanimously agreed to invite him to helm governance.
South African billionaire Michiel Le Roux’s stake in Capitec hits $1.5 billion
The recent surge in the lender’s share price comes on the heels of its recent acquisition of a majority stake in Cyprus-based digital non-bank consumer lender, Avafin
South African tycoon Johann du Toit’s satellite tech firm secures $14.7-million investment
The funding, led by NewSpace Capital and Knife Capital, aims to enhance production capabilities as the company gears up for an expansion into Europe.
From music sensation to millionaire mogul: Tyler The Creator’s business ventures
Join us on a journey through Tyler, The Creator’s remarkable career evolution, exploring his innovative ventures in music, fashion, and beyond. From founding Odd Future to establishing his fashion line Golf Wang and organizing the Camp Flog Gnaw Carnival, Tyler’s entrepreneurial spirit and creative
African-American tech billionaire Alex Karp’s wealth surges $300 million in 3 weeks
Karp’s position among Black billionaires underscores the success of African-American entrepreneurs within the tech sector.