Billionaire Robert Smith’s Vista Equity secures $11 billion in latest flagship fund
Almost all of Smith’s fortune stems from his stake in Vista Equity.
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U.S. billionaire Bill Gates commits $7 billion to support health, agriculture in Africa
The Gates Foundation has distributed more than $80 billion in grants, not including the $7 billion just earmarked for Africa.
Kenyan banker Gideon Muriuki’s Co-op Bank posts record earnings, as profits exceed $130 million
Muriuki owns a two-percent stake in the leading financial services group.
South African mogul Neal Froneman gains $4.7 million in 56 days from Sibanye-Stillwater
Froneman owns a 0.074-percent stake in the leading precious metal mining group.
Egyptian businessman Medhat Khalil’s Raya reports double-digit percent decline in profits
Khalil owns a 58.1 percent stake in Raya Holding.
South African billionaire Nicky Oppenheimer’s net worth increases by $225 million in 2022
The majority of Oppenheimer’s billion-dollar fortune stems from his private equity investments.
Led by Egyptian Ghabbour family, GB Auto posts $51.8 million in profit in 9M 2022
The Ghabbour family’s 62.9-percent stake in GB Auto is worth nearly $125 million.
American-Nigerian tycoon Sam Darwish’s IHS posts $214 million in losses in 9M 2022
Darwish owns 3.5 percent of IHS Holdings.
Ex-MTN CEO Mteto Nyati acquires 40-percent stake in South African firm, BSG
Nyati is an inspiring leader with a proven track record of executing growth and turnaround strategies.
Gas tycoon Julius Rone’s UTM signs design contract for Nigeria’s first floating LNG plant
Rone said the facility will be an enabler of industry expansion.
Ethiopian billionaire Mohammed Al-Amoudi gains $340 million in 51 days
Al-Amoudi derives the majority of his wealth from Preem, Sweden’s largest oil refiner, and Svenska.
Serena Williams’ net worth increases by $20 million in 2022
Williams’ net worth has risen by $35 million since 2019.
South African multimillionaire Gus Attridge’s stake in Aspen now worth $171 million
Aspen Pharmacare is a multinational pharmaceutical holding company.
Kenyan entrepreneur Peter Njonjo’s Twiga Foods fires staff, cuts allowances
Njonjo and Grant Brooke founded Twiga Foods in 2013.
Egyptian mogul Khaled Mahmoud’s MM Group posts lower earnings in 9M 2023
Mahmoud owns 10.13 percent of the group, worth nearly $15.8 million.
Nigerian insurance tycoon Wole Oshin’s stake in Custodian now worth $18.9 million
Since Jan. 4, the market value of Oshin’s stake in Custodian has declined to $18.9 million.