Egyptian billionaire Naguib Sawiris’ Orascom Investment sells Brazilian subsidiaries for $17.8 million
Orascom Investment Holdings, which is controlled by Sawiris, will use the proceeds to develop tourist destinations.
Latest
5 businesses owned by Bishop T.D. Jakes
Bishop T.D. Jakes owns businesses in education, media, and real estate.
Kenyan exec Peter Ndegwa earns $2.1-million salary from Safaricom in 2023
Ndegwa, a seasoned executive with nearly three decades of experience has played a pivotal role in Safaricom’s recent success.
South Africa’s Ackerman family loses $35 million in 24 hours as Pick ‘n Pay shares plunge
The Ackerman family owns a substantial 25.53-percent stake in Pick ‘n Pay, or 124,677,238 shares.
South African executive Pieter Boone resigns as Pick ‘n Pay CEO
Replacing Boone is Sean Summers, a Pick ‘n Pay veteran who served as managing director and CEO for 11 years.
South African tycoon Adrian Gore takes $37-million loss from investment in Discovery
Gore holds an impressive 7.48-percent stake in Discovery, or 48,599,758 ordinary shares.
South African tycoon Stephen Brookes faces $1.8-million loss from Balwin stake
Brookes is Balwin Properties’ largest shareholder, holding 170,374,031 shares, or a 36.08-percent stake.
Zimbabwean businessman John Moxon loses $10.7 million in 19 days
Moxon owns a 10.8-percent stake in Meikles Limited, a prominent Harare-based conglomerate.
Michael Jordan becomes first professional athlete to join America’s top 400 richest
Jordan’s billion-dollar fortune can be primarily attributed to his lucrative endorsements and business ventures.
Africa’s richest man drops off top 100 billionaires list as wealth dips below $17 billion
As of Sept. 1, Dangote’s net worth stood at $17.8 billion, but it has now plummeted to $16.7 billion.
South African tycoon Gus Attridge loses $7.2 million in 5 days from Aspen stake
Attridge, Aspen’s group chief advisor, who ranks as one of South Africa’s richest businessmen, owns a 4.26-percent stake in the pharmaceutical holding company.
Oriental Weavers, led by Egyptian tycoon Yasmine Khamis, sells stake in NBK Egypt
The Khamis family, Egyptian multimillionaires, holds a majority stake of 56.58 percent in the company, which distributes its products in Oriental Weavers.
Egyptian billionaire Mohamed Mansour’s San Diego MLS team plans training center on tribal land
The campus, spanning 125,000 square feet, will feature a 50,000-square-foot advanced sports facility.
Billionaire movie mogul Tyler Perry gives boost to Bahamas’ ‘Orange Economy’
Tyler Perry is the owner of White Bay Cay, an island in the Bahamas that has a 14,000-square-foot Bali-styled mansion.
Billionaire Sean ‘Diddy’ Combs threatened racism claims for payout, Diageo claims
Diageo alleges that Sean “Diddy” Combs attempted to extort millions by threatening to label the firm as racist.
Shaquille O’Neal’s Big Chicken to open 20 outlets in Michigan
O’Neal is partnering with H&D Group Investments to open new outlets of Big Chicken across Michigan.