Kings of booze: 7 African tycoons who made a fortune in alcohol
Meet seven extremely successful African tycoons, who have built multimillion-dollar fortunes by manufacturing and distributing alcoholic beverages.
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Tanzanian multimillionaire Said Bakhresa lists Zanzibar mansion for $12 million
Bakhresa is the founder of Tanzanian conglomerate, Bakhresa Group.
Egyptian disruptor Amr Abodraiaa leads startup to bold acquisition of Saudi company
Rology was founded in October 2017 by Egyptian entrepreneurs Amr AboDraiaa, Moaaz Hossam, Mahmoud Eldefrawy, and Bassam Khallaf.
Africa’s fourth-richest man Abdul Samad Rabiu’s net worth skyrockets by $1.6 billion
Rabiu’s net worth skyrockets by $1.6 billion, securing his position among Africa’s wealthiest people.
Kenyan billionaire Manu Chandaria donates $286,000 to cancer hospital
Chandaria donated the funds to the Kenyatta University Teaching, Referral and Research Hospital.
Britam, owned by Kenya’s richest investors, absorbs losses with $45.2-million payment
Britam Holdings is a prominent diversified financial services conglomerate partly owned by Kenya’s richest investors.
Eight Black executives leading America’s top 500 companies in 2023
The newfound representation of Black CEOs is a testament to the progress made in creating a more inclusive business landscape.
South African billionaire Ivan Glasenberg set to acquire Italian bicycle maker, Pinarello
Glasenberg ranks among the world’s richest individuals, ranking 283rd on the Bloomberg Billionaires Index.
South African billionaire Michiel Le Roux faces $251-million loss as Capitec Bank shares decline
Despite the decline in the market value of his stake in the bank, Le Roux remains one of the wealthiest businessmen in South Africa.
South African-born billionaire Patrick Soon-Shiong’s net worth surpasses $9 billion
Soon-Shiong’s present net worth is still lower than the $9.93 billion that he held on May 8.
Tanzanian tycoon Michael Shirima dies at 80
Shirima was the founder of Precision Air, the largest privately held commercial airline in East Africa.
Wealthy Lawyer Asue Ighodalo acquires $200,000 in Nigerian Brewery shares
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South African billionaire Patrice Motsepe-linked TymeBank surpasses 7 million customers
TymeBank is a South African digital-only bank controlled by Africa’s first Black billionaire.
Kenyan tycoon John Kimani gains $3.7 million in 45 days
Kimani, known for his diverse investment portfolio, owns a 34.54-percent stake, equivalent to 6,762,133 shares, in Kakuzi.
Hip-hop’s first billionaire Jay-Z scores legal win, pocketing $7.2 million
The legal saga began in 2016 when Parlux, renowned for its ties with pop culture icons and fashion houses, filed a lawsuit against Jay-Z.
World’s richest Black woman Oprah Winfrey settles trademark lawsuit over ‘Oprahdemics’ podcast
Despite losing more than $100 million in 2022, the “Queen of Talk” remains the World’s richest Black woman.