US-sanctioned Zimbabwean tycoon Kudakwashe Tagwirei has been appointed to the Senate
Emmerson Mnangagwa has appointed Kudakwashe Tagwirei, a tycoon under US and UK sanctions, to Zimbabwe's Senate under a constitutional amendment.
Latest
Nigerian billionaire Aliko Dangote's refinery secures $1 billion backing ahead of planned IPO
Aliko Dangote's petroleum refinery has completed a $1 billion underwriting program, including a funded $600 million private placement, ahead of its planned initial public offering.
Billionaire Masayoshi Son bets $12 billion on Intel, putting 67% of SoftBank's US portfolio in one name
Masayoshi Son's SoftBank has concentrated 67% of its $18 billion US equity portfolio into a single stock, committing $12 billion to Intel in one of the most concentrated big-money bets in recent memory.
Billionaire Josh Kushner and Bob Iger buy the Los Angeles Lakers in record $12.5 billion deal
The Thrive Capital founder, with former Disney chief Bob Iger, agreed to buy the Los Angeles Lakers for $12.5 billion, a record sports-team deal.
Billionaire Warren Buffett's Berkshire lifts Alphabet stake 83% to $38 billion
The investment firm led by Warren Buffett raised its Alphabet position by 83% during the second quarter, lifting the holding to roughly $38 billion.
Billionaire Stanley Druckenmiller dumps Intel, Micron and Broadcom and bets big on Amazon in Q2 portfolio shake-up
Billionaire Stanley Druckenmiller's Duquesne Family Office dumped its entire positions in Intel, Micron and Broadcom in the second quarter while raising its Amazon stake by more than 1,000%.
Billionaire Bill Ackman exits Alphabet, adds Visa, Mastercard and Netflix
The hedge fund run by Bill Ackman sold its entire Alphabet holding during the second quarter while opening fresh positions in Visa, Mastercard and Netflix.
South African Reserve Bank probes DA finance chair Mark Burke's crypto firm Kastelo over R4 billion transfers
South Africa's Reserve Bank is investigating Kastelo, the crypto arbitrage firm founded by DA federal finance chair Mark Burke, over alleged exchange-control contraventions involving approximately R4 billion.
Nigerian energy tycoon Olakunle Williams's Tetracore crosses 1 million safe man-hours
Olakunle Williams's Tetracore Energy has logged 1 million cumulative work hours without a lost-time injury, fatality or major incident while expanding across Nigeria and Ghana.
Wealthy Kenyan banker Gideon Muriuki is charged with fraud, not just failing to report it
Gideon Muriuki and Co-operative Bank face conspiracy to defraud counts alongside the failure-to-report charges halted by the High Court.
South African billionaire Christo Wiese says Ramaphosa should test every decision against jobs
Christo Wiese said President Cyril Ramaphosa should assess every decision by whether it creates jobs or destroys them.
South African billionaire Johann Rupert is funding title deeds for poor households
Johann Rupert has donated to and recapitalised Khaya Lam, which has transferred more than 21,000 title deeds to poor South African households.
California's billionaires have spent $40 million fighting a 5% tax on their fortunes
California billionaires have put nearly $40 million into defeating a ballot measure taxing fortunes above $1 billion at 5%.
Billionaire Michael Jordan's Last Dance jersey carries a $15 million estimate at Pharrell's auction house
JOOPITER, Pharrell Williams's auction house, will sell Michael Jordan's 1998 Finals Game 3 jersey with an estimate up to $15 million.
British school dropout James Dacombe is Europe's youngest self-made billionaire at 25
James Dacombe left school at 17 and now owns 30% of AI chip company Olix, valued at $3.3 billion after a $312 million raise.
South African billionaire Johann Rupert keeps control of Remgro as Ninety One takes 5%
Ninety One's clients have acquired 5.0156% of Remgro, worth about $310 million, though Johann Rupert's family retains voting control.