From OutKast to Outclass: Andre 3000’s quadruple business
From the rhythm of rap to the rhythm of entrepreneurship, Andre 3000 has composed a symphony of success.
Latest
Media mogul Byron Allen’s $30-billion bid shakes up Paramount Global ownership
The proposal, which marks Allen’s latest play to bolster his media holdings, is expected to be financed through a combination of secured and unsecured senior debt and equity.
Companies owned by Black executive and steel tycoon Kirk Lewis
As the driving force behind Blue Springs Metals, Georgetown Metal Processing, and Madison Metal Processing, Lewis showcases his financial acumen, strategic prowess, and commitment to community development.
Egypt’s Khamis family gains nearly $55 million from Oriental Weavers stake
The Khamis family, one of Egypt’s wealthiest families, presently holds a majority stake in Oriental Weavers, a leading carpet manufacturer with a global presence.
French billionaire Vincent Bollore’s firm makes $2.5-billion bid for DStv owner
Bollore, whose wealth stems from his interests in Bollore Group, has witnessed a notable increase in his net worth, amounting to $99.1 million thus far in the year.
Lewis Hamilton set to join Ferrari — $449-million richer from Mercedes career
Having been linked to Ferrari multiple times throughout his F1 career, Hamilton’s anticipated move to the Italian team marks a significant chapter in his racing journey.
Egyptian billionaire Ghabbour family loses $32 million in 10 days
Presently, the Ghabbour family holds a 62.9-percent stake in GB Corp, solidifying their status as prominent investors on the Egyptian Exchange.
Companies owned by South African-born Canadian billionaire Jack Cockwell
From his role in the growth of Brookfield Asset Management to positions in Rogers Communications and Partners Limited, Cockwell’s influence extends across industries.
Life in the Fab Lane: 7 businesses owned by fashion icon Kimora Lee Simmons
From revitalizing Baby Phat to strategic investments in skincare and wellness, Simmons exemplifies entrepreneurial diversity and acumen.
South African executive Andries van Heerden pockets $1.7-million salary in 2023
Van Heerden received a compensation package of R31.96 million ($1.70 million) in 2023 for his significant role in Afrimat’s financial success.
Africa’s richest man Aliko Dangote gains $7.11 billion in January 2024
According to the Bloomberg Billionaires Index, his wealth surged from $15.1 billion on Jan. 1 to $22.2 billion on Jan. 31, marking a $7.11-billion increase.
South African billionaire Michiel Le Roux loses $64.5 million from Capitec Bank stake
Le Roux presently owns an 11.39-percent stake in Capitec Bank. This stake makes him one of the richest men on the continent.
Nigeria’s second-richest man’s food business hits $610-million revenue in 2023
The surge in revenue is attributed to price adjustments and volume increases from capacity expansion for IRS.
Billionaire Femi Otedola made chairman of Nigeria’s First Bank
The decision to elevate Otedola to the position of chairman was reached at a board meeting today.
South African tycoon Jonathan Jawno’s Transaction Capital to list WeBuyCars on JSE
Under the leadership of Jawno, Transaction Capital’s decision aligns with its objective to enhance shareholder value within its current portfolio.
South African executive Gillian McMahon earns $1.2 million from Bidvest in 2023
This reflects a substantial 50.75-percent increase compared to her compensation package of R15.08 million ($0.8 million) in the preceding year.