South African tycoon Johan Burger suffers $1.9-million loss from FirstRand stake
Burger, a seasoned director at FirstRand since 2009, owns a minority 0.11-percent ownership stake in the leading financial services conglomerate.
Latest
Meet Ismail Ahmed: Somali tycoon leading $5-billion payment platform, Zepz
Ahmed’s dedication to financial inclusion transcends the confines of Zepz, positioning him as a true agent of change on the international stage.
Nigerian gambling magnate Kessington Adebutu makes $26 million from Wema Bank
Adebutu owns a 28.09-percent stake in Wema Bank through Neemtree Limited.
South African tycoon Adrian Gore loses $52 million as Discovery shares slump
Despite this setback, Gore maintains his status as a top figure among the richest investors on the JSE.
Africa’s first Black billionaire Patrice Motsepe’s bank targets $1-billion valuation
The bank is eyeing substantial funding of up to $100 million in a Series-D round.
Egypt’s billionaire El-Sewedy family gains nearly $100 million in less than two weeks
This upswing solidifies their position as one of Egypt’s wealthiest families and prominent investors on the Egyptian Exchange.
Meet Keneilwe Moloko: A leading force in South African corporate governance
Her career, spanning finance, real estate, and non-profit initiatives, showcases her as a visionary, a trusted advisor, and a catalyst for ethical and sustainable business practices.
Tiger Woods’ net worth hits $1.36 billion after Nike breakup
However, in a move that sent shockwaves through the sporting world, Woods recently parted ways with Nike. The reason for the split remains shrouded in secrecy.
South African multimillionaire Saltzman family suffers $22-million loss from Dis-Chem stake
The market value of the Saltzman family’s joint stake in Dis-Chem Pharmacies has declined from $487.7 million on Jan. 1 to $465.61 million.
Abdul Samad Rabiu overtakes Mike Adenuga as Nigeria’s second-richest man
Rabiu’s $7.2-billion fortune places him second in Nigeria, fifth in Africa, and 343rd globally on Forbes’ billionaires list.
South African tycoon Jannie Mouton makes $43 million in 15 days from Capitec Bank
Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen. He presently owns a 5.11-percent stake in the leading retail bank.
South Africa’s richest man Johann Rupert gains $800 million in single day
The recent increase in his wealth figures, driven by a sharp rise in Richemont’s share price, trimmed his year-to-date losses to $442 million.
This Week In Review: A Snapshot of African Wealth Dynamics — Otedola’s Dangote Cement Investment Sparks Market Rally, Glasenberg Suffers $389-Million Loss in 2024 (Jan. 15 to 19)
Dive into a week of seismic shifts in African business: Big bets, soaring stocks, and fortunes on the move.
Egyptian billionaire Yasseen Mansour gains $5.2 million from real estate firm
Mansour owns a sizable 5.6-percent stake in the Cairo-based real estate firm.
Africa’s richest man Aliko Dangote makes $1.5 billion within 24 hours
The impressive surge in his fortune over the past 24 hours has seen his net worth increase from $15.5 billion to $17 billion.
Black executive Denise Singleton earns $2.8-million salary from WestRock in 2023
Singleton’s compensation package included a $0.69-million base salary and a non-equity incentive plan compensation of $0.45 million