South African billionaire Michiel Le Roux suffers $100-million loss in 24 days
This significant plunge has caused his net worth to slump from $1.2 billion on Oct. 21 to $1.1 billion at the time of this report.
African Billionaires
15 richest investors on the Zimbabwe Stock Exchange
These investors, ranging from entrepreneurs like Michael Fowler to international figures like Nicholas Van Hoogstraten, contribute significantly to Zimbabwe’s economy.
Tripoli-born American executive Nazzic Keene receives $8.6-million salary from SAIC in 2023
The impressive compensation package underscores Keene’s contribution to the company’s growth until her decision to step down from the CEO position.
South African tycoon Jonathan Jawno gains $7.1 million from stake in Transactional Capital
Jonathan Jawno, a founding member of Transaction Capital, owns a significant 9.59-percent stake in the investment holding.
Raphael Wright revolutionizes Detroit with sole Black-owned grocery: A beacon of hope
Business & Finance Raphael Wright has transformed a former liquor store into Detroit’s sole Black-owned grocery, breathing life into the Jefferson-Chalmers neighborhood.…
Africa’s newest billionaires to launch multimillion-dollar industrial city in Tanzania
This venture comes on the heels of Elsewedy Electric’s $40 million investment in a Tanzanian electrical tools factory in 2021.
Tunisian tycoon Abdelwaheb Ben Ayed gains $1 million from Poulina stake
Ben Ayed owns a beneficial 3.4-percent stake in the Tunis-based conglomerate, Poulina Group.
Nigerian tycoon Mike Adenuga holds ground among world’s top 900 billionaires despite early 2023 setback
With a net worth of $3.3 billion, Adenuga holds the title of the third-richest billionaire in Nigeria.
Stephen Curry: NBA legend’s remarkable rise in the business world
Curry, the basketball icon and astute businessman, triumphing on and off the court.
Egypt’s second-richest man Naguib Sawiris’ net worth surges above $5.5 billion
With a $5.71-billion fortune, Sawiris ranks as the 431st richest person globally.
4 companies linked to U.S. top Black executive Thasunda Brown Duckett
Duckett’s illustrious career includes transformative roles as the CEO of JPMorgan Chase Consumer Banking.
South African billionaire Stephen Saad suffers $28-million loss in 10 days
South African billionaire and pharmaceutical tycoon, Stephen Saad’s stake in Durban-based pharmaceutical company Aspen Pharmacare Holdings has declined by more than $28…
South African tycoon Sipho Nkosi steps down from Sasol
Nkosi, a stalwart in South Africa’s business arena, has left an indelible mark on the corporate landscape, having held pivotal roles on the boards of companies.
South African billionaire Johann Rupert’s Richemont posts $2.3-billion half-year profit
Richemont led by Rupert and celebrated for its premium brands posted a modest three-percent increase in profit.
America’s second-richest Black man David Steward loses $380 million in 8 days
The recent slump in Steward’s net worth is attributed to his substantial 59-percent stake in World Wide Technology.
Egyptian billionaire Ahmed El Sewedy’s electric company achieves $261 million in profit in 9 months
El Sewedy Electric’s robust financial standing and strategic initiatives underscore its dominance in the global electrical equipment industry.