Magic Johnson joins billionaire club as his wealth crosses $1-billion mark
Johnson’s empire extends far beyond the realm of sports. He is a majority owner of EquiTrust, a life insurance company that he acquired in 2015.
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Nigerian insurance tycoon Wole Oshin loses $1.3 million from Custodian stake
As Custodian Investment’s largest shareholder, Oshin holds a 26.81-percent stake, representing 1,576,662,503 ordinary shares.
Nigerian billionaire Femi Otedola donates $1 million to Augustine University students
The donation will cover the tuition fees of 750 students.
5 businesses owned by Pharrell Williams
From street-wear to fragrances and venture investing, Pharrell William’s entrepreneurial spirit knows no bounds.
Cameroonian superstar Francis Ngannou earns $10 million in debut boxing fight against Tyson Fury
Ngannou’s spectacular performance against Tyson Fury sparks speculation of a showdown with Deontay Wilder among fight fans.
Oil firm of Dangote’s half-brother Sayyu Dantata posts 9M revenue exceeding $120 million
Dantata, a multimillionaire businessman and the majority stakeholder in MRS Oil Nigeria, owns 60 percent of the company, or 205,730,806 ordinary shares.
5 companies owned by Black entrepreneur Andre Durand
Durand’s impact on these five businesses showcases his exceptional business acumen in the tech world.
Egypt’s newest billionaires, El-Sewedy family gains $374 million in 25 days
Ahmed El-Sewedy and his siblings, Sadek and Mohammed, jointly own a majority stake of 68.1 percent in Elsewedy Electric.
5 companies owned by Kenyan businessman John Kibunga Kimani
Billionaires.Africa has identified and tracked companies owned by Kimani.
Hitesh Anadkat, one of Malawi’s richest men, loses $22.65 million in 21 days
Anadkat presently owns an impressive 35.51-percent stake in FMB Capital, which translates to 872,924,575 ordinary shares.
Nigerian billionaire Mike Adenuga-linked Julius Berger posts revenue exceeding $410 million
Belinda Ajoke Disu, Adenuga’s daughter, serves on the board of Julius Berger, bringing a strong link between the telecom mogul and the group.
5 companies linked to South African business executive Maria Ramos
Before joining AngloGold Ashanti, Ramos was the CEO of Absa Group Limited, a key player in Africa’s financial services sector.
Bank linked to Nigerian billionaire Femi Otedola rakes in $290 million in profit
As a top shareholder in the Lagos-based lender, Femi Otedola stands to benefit from FBNH’s impressive financial performance.
South African exec Mark Blair faces pay cut as Mr. Price misses financial goals
The decline in Blair’s remuneration underscores the complex relationship between executive compensation and a company’s financial performance.
Greek businessman John Coumantaros loses $10 million from Flour Mills stake
Coumantaros, ranked as one of the richest investors on the Nigerian Exchange, holds a 63.34 percent stake in Flour Mills of Nigeria.
Aliko Dangote’s cement empire achieves 9-month profit exceeding $340 million
Dangote Cement’s remarkable financial performance and ability to sustain profit growth solidify its position as a top player in the African cement industry.