Billionaire Dr. Dre says the only people who fear AI are those who struggle to create
Billionaire Dr. Dre says he uses AI in the studio and that only people who struggle to create see it as a threat.
Latest
Rival airline asks tribunal to block South African tycoon Tshepo Mahloele's FlySafair takeover
CemAir asked South Africa's Competition Tribunal to block Harith Aviation's purchase of FlySafair, citing the state pension fund's interests on both sides.
Burkinabè billionaire Idrissa Nassa's Coris Bank commits $712 million to hospitals and schools
Idrissa Nassa's Coris Bank has committed to mobilise $712 million for four university hospitals and 27 schools under a memorandum signed in Ouagadougou.
South African billionaire Johann Rupert is $1.3 billion richer on a Cartier jewellery boom
Johann Rupert's fortune has risen to $17.4 billion from $16.1 billion in March, driven by record jewellery sales at Cartier and Van Cleef.
Elon Musk's Tesla and SpaceX are building a 100 million square foot chip plant in Texas
Tesla, SpaceX and Intel are building Terafab, a 100 million square foot chip plant in Texas, with a first phase costing $16.8 billion.
Billionaire Bill Ackman pledges $400 million to brain research after his daughter's stroke
Bill Ackman and Neri Oxman have founded the Ackman Oxman Institute with $400 million in Pershing Square shares, after his daughter's stroke.
Billionaire Robert F. Smith's Vista is exploring a $3 billion sale of Allvue Systems
Vista Equity Partners, founded by Robert F. Smith, has hired Evercore and Barclays to explore a sale of Allvue Systems at up to $3 billion.
South African billionaire Patrice Motsepe's ARM expects earnings to rise up to 22%
African Rainbow Minerals, founded by Patrice Motsepe, expects headline earnings to rise 12% to 22% on higher platinum group metals prices.
Aliko Dangote pledges $432,000 for a Lagos girls' hostel and jobs for first-class graduates
The Aliko Dangote Foundation has pledged ₦600 million for a girls' hostel at Lagos State University and jobs for first-class graduates.
South African tycoon Simphiwe Mehlomakulu takes a stake in Shell's 580 petrol stations
Simphiwe Mehlomakulu's Reatile Group will be the empowerment partner in ADNOC's $1 billion purchase of Shell's South African fuel business.
Billionaire Woody Johnson buys into Lawrence Stroll's Aston Martin F1 team as US market appetite grows
Billionaire Woody Johnson, owner of the New York Jets and a 43% stakeholder in Crystal Palace, has acquired a minority stake in Lawrence Stroll's Aston Martin Formula 1 team and joined its board as vice chairman.
How deepfake ads using Elon Musk, Johann Rupert helped steal $61.5 million from South African investors
South Africa's financial regulator has revealed how deepfake advertisements featuring Johann Rupert and Elon Musk were used to steal R1 billion from South African investors through a trading platform called Banxso.
Aliko Dangote offers Kenya a $500 million stake in $20 billion Lamu refinery as September groundbreaking nears
Aliko Dangote has offered Kenya a $500 million stake in his planned $20 billion Lamu oil refinery, with groundbreaking now targeted for September as East African governments weigh their participation.
Kenyan billionaire Adil Popat's Simba Corp partners with Absa to expand vehicle financing
Absa Bank Kenya has partnered with billionaire Adil Popat's Simba Corporation to finance up to 100 percent of vehicles and farm equipment for buyers.
South African-born billionaire Patrick Soon-Shiong will keep his Lakers stake amid Buss family feud
The South African-born billionaire says he will not sell his minority Lakers stake and intends to partner with incoming owners Bob Iger and Josh Kushner.
Billionaire Harold Hamm launches a multibillion-dollar plan to drill Argentine shale
The US oil billionaire's Continental Resources is buying half of Phoenix Global Resources and plans to invest $4 billion drilling Argentina's Vaca Muerta shale formation.