Egypt’s richest man Nassef Sawiris loses $103 million in 5 days
Despite the recent $103 million decline in his fortune, Sawiris’ present fortune of $7.51 billion makes him the 303rd richest individual globally.
Latest
Namibian mogul Koos Brandt rakes in $7 million from Capricorn Group
Brandt is the largest individual shareholder in Capricorn Group, with an 18.52-percent stake.
7 companies linked to South African tycoon Sim Tshabalala
Billionaires.Africa has discerned five enterprises, in which Tshabalala assumes directorial or executive responsibilities.
Dangote’s stepbrother, Sayyu Dantata, gains $2.4 million from MRS stake in 48 hours
Dantata owns an impressive 60 percent of MRS Oil Nigeria Limited, through his investment company, MRS Africa Holdings.
Firm linked to Africa’s first Black billionaire Patrice Motsepe to build $132-million solar plant
Through African Rainbow Energy, Motsepe owns an indirect 40-percent stake in SOLA Group.
5 companies owned by Morgan Freeman
Billionaires.Africa highlights five companies under Morgan Freeman’s ownership, cementing his status as an entertainment and business titan.
South African tycoon Noluthando Gosa suffers $13-million loss from ArcelorMittal stake
Gosa derives most of her fortune from a well-diversified investment portfolio, including a 6.15-percent stake in the Gauteng-based steelmaker.
Cameroonian billionaire Samuel Foyou gets green light to launch bank
This bold move by Foyou is expected to ignite a wave of competition among both multinational and national banks.
7 assets owned by Kevin Durant
Durant is one of the world’s highest-paid athletes, with lucrative endorsements from big names like Gatorade, Degree, and a recent lifetime sneaker deal with Nike.
Kenya’s second-largest landowners, Moi family protests half-a-million-dollar legal bill
The Moi family, renowned for its significant influence in both business and politics, has emerged as one of Kenya’s wealthiest families.
7 companies linked to South African businessman Barry Stuhler
With over 30 years of experience in property management and real estate investment, Stuhler’s impact on the industry is unmatched.
4 businesses owned by Alicia Keys
Iconic musician Alicia Keys has lent her Midas touch to various business ventures in beverages, cosmetics and apparel.
Burkinabe tycoon Idrissa Nassa’s Coris Bank advances as finalist in Cape Verde bank acquisition
Under the leadership of Nassa, Coris Bank has emerged as a formidable force in the financial services industry.
Moroccan tycoon Adil Douiri gains $2.4 million as Mutandis shares soar
With this recent bump in the market value of his stake, Adouiri cements his position as one of the richest investors in the Casablanca bourse.
Stephen Saad’s Aspen to pioneer South Africa’s first human insulin production
Established in 1997 by Saad, Aspen has steadily expanded its global presence in the pharmaceutical sector.
Nigerian tech entrepreneur Favor Ori’s explores acquisition options after raising $3 million
PayDay, founded by Ori nearly two years ago, maintains dual headquarters in Canada and Rwanda.