Egyptian tycoon Medhat Khalil rakes in $3.2 million from shares in Raya Holding
Khalil’s stake in Raya Holding is now worth $88 million.
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South Africa’s richest man donates 10,000 homes to underprivileged
Rupert, South Africa’s richest man, and his wife are the founders of the Free Market Foundation.
South African billionaire Adrian Gore sees pay dip amid unmet goals
The reduction came despite company’s robust performance because Gore failed to achieve his personal performance benchmarks.
Nigerian tycoon Atedo Peterside’s Stanbic IBTC stake declines by $1.8 million
Peterside owns a 1.14-percent stake in Stanbic IBTC, which translates to 133,611,115 ordinary shares in the group.
South African exec Thando Mkatshana earns $1.8-million salary from ARM
Mkatshana’s name resonates through the corridors of ARM, a diversified mining and mineral company founded by South African billionaire Patrice Motsepe in 1997.
5 businesses owned by Wiz Khalifa
Rapper-turned-marijuana mogul Wiz Khalifa owns Khalifa Kush, which produces cannabis-based products, and other companies.
South African tycoon Roux Shabangu to lose assets over tax debt
Shabangu is the founder of JB Holdings, a conglomerate with tentacles in commercial real estate, mining, oil and gas, and telecom.
Moroccan tycoon Lamia Tazi suffers $10.3-million loss from Sothema stake
Tazi owns a substantial 8.4-percent stake in Sothema, translating to 605,030 shares in the leading healthcare company.
Ethiopia’s richest man Mohammed Al-Amoudi gains $320 million
In an effort to unlock value from his early investments, Al-Amoudi is presently exploring the sale of his interest in Preem.
4 companies owned by J. Cole
Now J. Cole is strategically investing his earnings, preparing for a life beyond music as he explores various business ventures.
Egypt’s richest man Nassef Sawiris loses $100 million in 8 days
Sawiris’ net worth currently stands at $7.42 billion, down from $7.52 billion on Oct. 12.
South African tycoon Christopher Seabrooke suffers $3.4-million loss from Sabvest stake
Despite the recent decline in Seabrooke’s stake in Sabvest Capital, he remains among the richest investors on the Johannesburg Stock Exchange.
Temitope Lawani-linked Vivo Energy to expand LPG business in Mayotte with Somagaz deal
Vivo Energy is partially owned by Lawani, the co-founder and managing partner of Helios Investment Partners.
Egyptian billionaire Ahmed Ezz’s steel company posts $26-million loss in H1 2023
Ezz, a prominent Egyptian industrialist, holds a 60.7-percent stake in Ezz Steel, equivalent to 329,816,198 shares in the steel behemoth.
Nigerian businessman Tony Elumelu gains $4.1 million in just one week from UBA
Elumelu owns a 7.39-percent stake in UBA, equivalent to 2,527,372,285 ordinary shares in the leading lender.
Bank led by Kenyan banker Rebecca Mbithi plans expansion with $62.1-million rights issue
Family Bank Limited is a commercial bank headquartered in Nairobi and led by Kenyan banker Rebecca Mbithi.