Burkina Faso’s richest man opens high-tech medical center in Ouagadougou
The facility aims to address the shortage of medical-technical facilities within Burkina Faso, evident during the challenges posed by the COVID-19 pandemic.
African Billionaires
NBA sensation Victor Wembanyama on track to surpass $1 billion in career earnings
The current projections, based on the NBA’s contract limits, suggest that Wembanyama could accumulate over $1 billion by the age of 33.
Egyptian billionaire Yasseen Mansour made $200 million last year
The $200-million surge in Mansour’s fortune in 2023 is largely linked to his investment in the family-owned conglomerate Mansour Group.
Zimbabwean businessman John Moxon made nearly $100 million in 2023
Moxon, who played a pivotal role in transforming Meikles Limited into one of Zimbabwe’s leading conglomerates, owns a 10.8-percent stake in the group.
South African executive Peter Wharton-Hood pockets $1.1-million salary in 2023
Wharton-Hood, the group’s CEO since Sept. 2020, saw a notable 16.6-percent increase in his 2023 compensation package.
Egyptian footballer Mohamed Salah’s career earnings to top $120 million in 2024
Beyond his impressive salary, Salah has solidified his financial standing through lucrative endorsement deals with industry giants, including Adidas.
Nigerian billionaire Aliko Dangote gains over $100 million in first week of 2024
The surge is credited to the robust performance of his diversified investment portfolio on the Nigerian Exchange (NGX).
Kenyan tycoon Peter Njonjo resigns from Twiga Foods board after extended leave
Njonjo has officially resigned from the board of the leading agritech firm, marking the end of an era.
Hitesh Anadkat, one of Malawi’s richest men, rakes in $105 million in 2023
Anadkat holds a 35.51-percent stake in FMB Capital, or 872,924,575 ordinary shares.
7 companies owned by African-American businessman Billy Vickers
From reshaping the automotive landscape to fostering diversity, Vickers’ entrepreneurial journey spans three decades, influencing top companies.
South African exec Reeza Isaacs earns $1.9-million salary at Woolworths in 2023
The compensation package underscores Isaacs’ indispensable commitment and prowess as a seasoned executive in the global retail industry.
Serena Williams’ financial triumph continues with $30-million increase in 2023
Starting the year at $260 million on Jan. 1, 2023, Williams concluded 2023 with a net worth of $290 million.
This Week In Review: A Snapshot of African Wealth Dynamics — El-Sewedy Family On Rise, Al-Amoudi Sees Wealth Gains in 2023 (Jan. 1 to 5)
The El-Sewedy family’s stunning $775-million gain and Mohammed Al-Amoudi’s remarkable $3.59-billion surge mark the dramatic wealth shifts in Africa last year.
Kanye West’s Yeezy faces financial setback with $1 million in unpaid taxes
Yeezy Apparel, LLC, faces four active tax liens dating back three years.
South African billionaire Michiel Le Roux gains $104.5 million in 2023
Since its inception, Le Roux has played a pivotal role in shaping the landscape of the financial services industry throughout Africa.
7 companies linked to South African businesswoman Phuthi Mahanyele-Dabengwa
Taking the reins at Naspers South Africa in 2019, Mahanyele-Dabengwa, the first Black and female CEO, spearheaded the digital transformation strategy.