South African billionaire Patrice Motsepe earned $1.7 million before stepping back at ARM
Patrice Motsepe was paid R28.5 million for his last seven and a half months as executive chairman of African Rainbow Minerals, its annual report shows.
Latest
UK tax office puts over 200 billionaires under closer watch as rich leave
Britain's tax authority has assigned a dedicated compliance manager to each of more than 200 billionaires with UK tax ties, as wealthy residents keep leaving.
Burkinabe banking tycoon Idrissa Nassa's Coris Bank launches Islamic banking in Chad
Coris Bank, the lender of Burkinabe banking tycoon Idrissa Nassa, has launched Islamic banking in Chad to reach customers outside the formal banking system.
Presco, controlled by Nigerian billionaire Rasheed Sarumi, posts $111 million nine-month profit
Presco, the Nigerian palm oil producer chaired by Rasheed Sarumi, raised nine-month pre-tax profit 8.5% to ₦151.5 billion and paid down half its debt.
Nigerian billionaire Aliko Dangote's refinery takes Nigeria's oil as US buys 58% less
US purchases of Nigerian crude fell by more than half this year as Aliko Dangote's 700,000-barrel-a-day refinery near Lagos kept more oil home.
Russian fishing billionaire Vitaly Orlov sues Norwegian newspaper over sanctions reports
Vitaly Orlov, owner of Russian fishing group Norebo, is suing The Barents Observer, a six-person Norwegian outlet, for defamation in London's High Court.
Australian pubs tycoon Sam Arnaout seals $140 million takeover of Cairns casino
Australian pubs tycoon Sam Arnaout has secured 96.5% of the trust that owns Cairns' only casino, letting him take full ownership and delist it.
Minecraft billionaire Markus Persson lists Beverly Hills mansion for $70 million
Swedish billionaire Markus Persson, the creator of Minecraft, has put his Beverly Hills mansion on the market for $70 million, the same price he paid.
Czech arms billionaire Michal Strnad offers $33.6 billion for Ray-Ban family's empire
Czech defense billionaire Michal Strnad has offered €30 billion for Delfin, the Del Vecchio family holding company that controls Ray-Ban maker EssilorLuxottica.
American media mogul Byron Allen makes nearly $20 million selling his Starz stake
Media mogul Byron Allen has sold his entire 10.7% stake in Starz for almost $45 million, nearly doubling his money in about six months.
Ghanaian waste tycoon Joseph Siaw Agyepong's Jospong signs $46 million Gambia deal
Jospong Group, controlled by Ghanaian tycoon Joseph Siaw Agyepong, has signed a $46 million concession to collect, treat and recycle waste in The Gambia.
American billionaire Michael Dell laughs off talk of buying Everton football club
Dell Technologies founder Michael Dell dismissed talk that his family wants to buy Everton, weeks after the club's American owners put it up for sale.
Ethiopian billionaire Mohammed Al-Amoudi's Nyala Insurance tops $6 million in profit
Nyala Insurance, the Ethiopian insurer co-founded by billionaire Mohammed Al-Amoudi, says annual profit passed 1 billion birr as paid-up capital topped 2 billion birr.
American billionaire Len Blavatnik gives Yale $10 million for inflammation research
The Blavatnik Family Foundation, led by Warner Music owner Len Blavatnik, gave Yale's medical school $10 million to study how inflammation drives disease.
Kenyan trucking tycoon Buzeki partners Olympic champion Asbel Kiprop on shoe brand
Kenyan trucking tycoon Zedekiah Bundotich Kiprop, known as Buzeki, is teaming up with Olympic champion Asbel Kiprop to build a running shoe brand called AK.
American billionaire Jeff Bezos’s Amazon tumbles 11% after hours as AI spending sends free cash flow negative
American billionaire Jeff Bezos’s Amazon fell 11% after hours as AI spending more than doubled and pushed free cash flow negative, despite 39% growth at AWS.