NBA icon Bradley Beal scores big with his four thriving business ventures
Discover how NBA star Bradley Beal is acing the business game with his ventures in sports, gaming, and real estate.
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This Week In Review: A Snapshot of African Wealth Dynamics — El-Sewedy Family On Rise, Al-Amoudi Sees Wealth Gains in 2023 (Jan. 1 to 5)
The El-Sewedy family’s stunning $775-million gain and Mohammed Al-Amoudi’s remarkable $3.59-billion surge mark the dramatic wealth shifts in Africa last year.
Kanye West’s Yeezy faces financial setback with $1 million in unpaid taxes
Yeezy Apparel, LLC, faces four active tax liens dating back three years.
South African billionaire Michiel Le Roux gains $104.5 million in 2023
Since its inception, Le Roux has played a pivotal role in shaping the landscape of the financial services industry throughout Africa.
7 companies linked to South African businesswoman Phuthi Mahanyele-Dabengwa
Taking the reins at Naspers South Africa in 2019, Mahanyele-Dabengwa, the first Black and female CEO, spearheaded the digital transformation strategy.
South African billionaire Koos Bekker records $300-million wealth loss in 2023
Navigating headwinds: Bekker’s Prosus N.V. stake takes a hit amid industry disruptions.
Kenyan tycoon James Mwangi leads Cogebanque into merger with Equity Bank Rwanda
Equity Group envisions expanding opportunities for wealth creation while upholding the highest standards of service excellence, innovation, and financial inclusion.
Kenyan Ndegwa family-linked ILAM Fahari continues NSE trading amid pending delisting
Last August, ICEA Lion Asset Management, controlled by the heirs of the late Kenyan banking magnate Philip Ndegwa, extended a buyout offer totaling $2.77 million.
Egyptian billionaire El-Sewedy family gains $775 million in 2023
In 2023, Elsewedy Electric shares on the Egyptian Exchange experienced a remarkable surge of 130.7 percent.
4 companies linked to South African tycoon Kennedy Bungane
From leading multimillion-dollar deals to steering diverse companies, Bungane’s strategic brilliance leaves an indelible mark on banking, energy, and investments.
Kenyan multimillionaire banker James Mwangi faces $19.2-million loss in 2023
This follows the financial setback he experienced in 2022 when Equity Group shares dropped significantly with Mwangi’s stake in the lender declining by $13 million.
World’s richest Black woman Oprah Winfrey made $300 million in 2023
The surge in Winfrey’s net worth is attributed to the revaluation of her portfolio of assets and her diversified business ventures within the media and entertainment industry.
Nigerian businessman Dozy Mmobuosi faces 45-year sentence in US
If convicted on all charges, Mmobuosi risks serving a maximum sentence of 45 years.
South African executive Eric Smuts earns $1-million salary from Nampak in 2023
Smuts — who stepped down as CEO of Nampak on April 20, 2023 — received a compensation package comprising a base salary of R4.73 million ($0.256 million)
Botswana tycoon Farouk Ismail sees $3.4 million eroded from Choppies stake in 2023
Despite the plunge, Ismail continues to stand out as a top figure on the Botswana Stock Exchange.
Idrissa Nassa’s bank partners with Canadian firm in $100-million facility to back gold project
Nassa commended the collaborative efforts of the teams from West African Resources, Sprott, and Coris Bank.