African Wealth Briefing — Sat., June 6, 2026
A new Standard Bank study on how Africa's wealthy think about money — and a look back at a busy week of deals, courtrooms, and succession questions.
Latest
Nigerian oil heir Dumo Lulu-Briggs is running for Rivers State governor for the third time
Dumo Lulu-Briggs, heir to one of Nigeria's most powerful oil dynasties, has won the NDC governorship ticket in Rivers State for the 2027 election.
Zimbabwe tycoon Wicknell Chivayo keeps showing up in Ruto's State House and Kenya's opposition wants answers
Zimbabwean businessman Wicknell Chivayo's repeated access to President Ruto's State House is drawing opposition fury in Kenya amid concerns over his controversial business record.
Nigerian billionaire Femi Otedola gave $14 million to charity in 2019 and just explained why he has no regrets
Nigerian billionaire Femi Otedola revisited his record $14 million donation to Save the Children and explained why he measures wealth by lives changed not money accumulated.
Forbes declares Messi and Ronaldo both billionaires in 2026
Forbes has confirmed both Lionel Messi and Cristiano Ronaldo as billionaires on the same day, completing the most extraordinary wealth story in football history.
3 Angolan tycoons built Etu Energias into a $1 billion oil empire and just blocked Chevron's $260 million deal
Three former Sonangol executives who own Angola's largest private oil company have triggered pre-emption rights to claim Chevron's offshore stakes before Energean can complete its deal.
ExecuJet Africa is pushing into ultra-long-range jets as Africa's wealthy appetite for private aviation grows
ExecuJet Africa is moving into ultra-long-range aircraft management, evaluating the Gulfstream G550 and Dassault Falcon 7X as demand from Africa's wealthy clients accelerates.
Forbes made Beyoncé and Rihanna worth exactly $1 billion each and the math does not add up
Forbes placed Beyoncé and Rihanna at exactly $1 billion each on the same list, raising serious questions about whether billionaire status is journalism or a traffic strategy.
Ronald Karauri's SportPesa paid $14.7 million for football rights. He's now suing 20 companies for using it wrong
Ronald Karauri's SportPesa has sued 20 companies including ESPN, Sofascore and Betway for broadcasting FKF Premier League data without recognizing the SportPesa Premier League branding secured under a $14.7 million deal.
America's 2nd richest Black woman took a $400 million divorce check and built a $1.3 billion empire
Sheila Johnson walked away from her BET divorce with $400 million and built a $1.3 billion empire in luxury hospitality and sports ownership entirely on her own terms.
Forbes dropped Serena Williams but her $350 million empire disagrees
Serena Williams fell off Forbes' 2026 richest self-made women list despite a $350 million fortune, 14 unicorn investments and an imminent return to professional tennis.
Lewis Hamilton's $450 million empire beyond Formula One
Lewis Hamilton became the first Formula One driver in history to earn $100 million in a single year as his business empire accelerates beyond the racetrack.
Will Smith's $350 million empire survived the Oscars slap and he is building it bigger than ever
Four years after the Oscars slap that threatened to end his career, Will Smith has rebuilt his $350 million empire through sheer commercial resilience.
How Jim Ovia's $5.5 million bet on Moniepoint built a billion-dollar unicorn
A $5.5 million Series A cheque from Jim Ovia's investment firm helped build Moniepoint from a bank software startup into a billion-dollar unicorn.
Bertina Engelbrecht's Clicks Group has lost $1.2 billion and the outlook is getting worse
Clicks Group has lost R19.7 billion in market value in five months after a brutal interim outlook rattled investors.
Billionaire Johann Rupert's Reinet just turned a €22 million gold ETF bet into €80 million
The Rupert family's Reinet investment vehicle has turned a €22 million gold ETF stake bought in 2015 into an €80 million position as gold prices surge.