Billionaire Tyler Perry owns 1,500 acres of Georgia and a private island worth $150 million
Tyler Perry owns a 330-acre film studio in Atlanta, a $100 million Georgia mega-mansion still under construction and a private island in the Bahamas.
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Africa's richest man built Nigeria's Peugeot assembly plant from scratch and it now rolls out 120 cars a day
Africa's richest man Aliko Dangote acquired a Peugeot assembly licence in 2017 and built a modern car factory in Kaduna that began production in 2022.
Black billionaire Robert F. Smith launches world's first enterprise AI inference cloud backed by $3.5 billion
Robert F. Smith has launched what is billed as the world's first enterprise AI inference cloud, backed by a $3.5 billion compute commitment to SambaNova.
Kevin Hart's $650 million Hartbeat empire is crumbling under layoffs lawsuits and leadership chaos
Kevin Hart's Hartbeat media company, once valued at $650 million, is fighting multiple lawsuits and has been gutted by layoffs and executive departures since 2024.
Elon Musk is on the brink of becoming the world's first trillionaire as SpaceX targets a $1.8 trillion IPO
SpaceX has filed to sell shares at $135 each targeting a $1.8 trillion valuation in what would be the largest stock market debut in history.
Black billionaire Robert F. Smith's Vista Equity is being sued for selling a company to escape a $270 million insider trading case
A former stockholder is suing Robert F. Smith's Vista Equity in Delaware, claiming it sold Integral Ad Science to escape a $270 million insider trading liability.
Karl-Anthony Towns built a $100 million fortune and New York is only making him richer
Karl-Anthony Towns proposed to Jordyn Woods atop the Empire State Building on Christmas Day. The $100 million empire he built getting him there is the real story.
De'Aaron Fox signed a $229 million Spurs deal and is just getting started building his empire
De'Aaron Fox secured a $229 million San Antonio Spurs extension in August 2025 and is building a commercial empire as fast as he plays the game.
Newmont CEO Natascha Viljoen sells $409,000 in shares as gold stock trades near all-time highs
Newmont Corporation CEO Natascha Viljoen sold 3,882 shares worth $409,000 on June 1 under a prearranged trading plan as gold stock trades near record highs.
African Wealth Briefing — Thurs., June 4, 2026
Patrice Motsepe weighs walking away from CAF to chase South Africa's presidency. Morocco's palace quietly plans for life after Othman Benjelloun at Bank of Africa.
Billionaire Patrice Motsepe may quit CAF to chase South Africa's presidency and football is watching nervously
Fresh uncertainty surrounds Patrice Motsepe's leadership of CAF as speculation grows that the South African billionaire may exit the presidency ahead of his 2029 mandate.
Algeria's jailed auto billionaire Mahieddine Tahkout gets 10 more years and loses everything he owns
Algeria's financial crimes tribunal has sentenced jailed tycoon Mahieddine Tahkout to 10 years in prison and ordered the confiscation of all his assets worldwide.
Cameroon Media mogul Amougou Belinga goes on trial for the murder of a journalist he wanted silenced
Cameroonian media mogul Jean-Pierre Amougou Belinga is facing trial for allegedly ordering the kidnapping and murder of radio journalist Martinez Zogo in January 2023.
Morocco's palace is quietly planning for life after billionaire Othman Benjelloun at Bank of Africa
Othman Benjelloun built Morocco's Bank of Africa into a 32-country pan-African giant. At 93, the question of who leads it next is no longer avoidable.
Kenya's wealthy Kenyatta and Ndegwa families stand to pocket $170 million from the Nedbank NCBA takeover
Kenya's powerful Kenyatta and Ndegwa families stand to receive over $170 million in combined cash and stock from the Nedbank takeover of NCBA Group.
Jay-Z is getting a major Grammy honour and the Recording Academy is calling him an entrepreneur first
The Recording Academy has announced a major Grammy honour for Jay-Z, the 21-time winner and billionaire entrepreneur who built Roc Nation into a global empire.