Diddy settles disputes, Diageo secures full ownership of Ciroc and DeLeon tequila
The joint statement reinforces the severed business ties and emphasizes the parties’ commitment to moving forward independently in the spirits industry.
African Billionaires
Nigerian tycoon Tony Elumelu’s energy company surpasses production milestone
Elumelu acknowledges Heirs Energies’ team for industry leadership, applauds CEO for pioneering impact.
Nigerian billionaire Femi Otedola emphasizes long-term wealth preservation, export potential and shareholder value in Dangote Cement share acquisition
Otedola recently acquired a significant stake in Dangote Cement, Africa’s largest cement manufacturer.
South African executive David Cleasby takes home $2.2-million salary in 2023
The compensation package includes a base salary of $0.39 million, a performance-based short-term incentive of $0.09 million, and long-term incentives totaling $1.11 million.
Nigeria’s richest banker Jim Ovia gains nearly $30 million from Zenith Bank stake
Ovia owns a 16.2-percent stake in the financial services group, comprising 5,072,104,311 ordinary shares, makes him the wealthiest banker in the country.
One of Egypt’s richest men, Hisham Talaat Moustafa rakes in nearly $200 million
According to data tracked by Billionaires.Africa, Moustafa’s stake in the Cairo-based real estate holding company has risen by EGP 6.1 billion ($197.43 million) in the past 21 days.
South African MMA fighter Dricus du Plessis pockets $1 million as UFC’s newest champion
The $1-million payout is a notable increase from his previous earnings.
South Africa’s richest man Johann Rupert’s Richemont hits $6.1 billion in Q3 sales
Rupert’s wealth skyrockets to $12 billion as Richemont’s sales surpass expectations.
Nigerian energy tycoon ABC Orjiako’s Seplat stake surges by nearly $10 million
Orjiako, a former director of the Lagos-based energy conglomerate, holds a 6.43-percent stake in Seplat Energy.
Nigerian cannabis mogul Bassim Haidar gives $0.38-million boost to UK political party
This move positions Haidar as the second Nigerian businessman to contribute significantly to the UK Conservative Party.
South African tycoon Johan Burger suffers $1.9-million loss from FirstRand stake
Burger, a seasoned director at FirstRand since 2009, owns a minority 0.11-percent ownership stake in the leading financial services conglomerate.
Meet Ismail Ahmed: Somali tycoon leading $5-billion payment platform, Zepz
Ahmed’s dedication to financial inclusion transcends the confines of Zepz, positioning him as a true agent of change on the international stage.
Nigerian gambling magnate Kessington Adebutu makes $26 million from Wema Bank
Adebutu owns a 28.09-percent stake in Wema Bank through Neemtree Limited.
South African tycoon Adrian Gore loses $52 million as Discovery shares slump
Despite this setback, Gore maintains his status as a top figure among the richest investors on the JSE.
Africa’s first Black billionaire Patrice Motsepe’s bank targets $1-billion valuation
The bank is eyeing substantial funding of up to $100 million in a Series-D round.
Egypt’s billionaire El-Sewedy family gains nearly $100 million in less than two weeks
This upswing solidifies their position as one of Egypt’s wealthiest families and prominent investors on the Egyptian Exchange.