Egypt’s newest billionaires, El-Sewedy family gains $374 million in 25 days
Ahmed El-Sewedy and his siblings, Sadek and Mohammed, jointly own a majority stake of 68.1 percent in Elsewedy Electric.
African Billionaires
5 companies owned by Kenyan businessman John Kibunga Kimani
Billionaires.Africa has identified and tracked companies owned by Kimani.
Hitesh Anadkat, one of Malawi’s richest men, loses $22.65 million in 21 days
Anadkat presently owns an impressive 35.51-percent stake in FMB Capital, which translates to 872,924,575 ordinary shares.
Nigerian billionaire Mike Adenuga-linked Julius Berger posts revenue exceeding $410 million
Belinda Ajoke Disu, Adenuga’s daughter, serves on the board of Julius Berger, bringing a strong link between the telecom mogul and the group.
5 companies linked to South African business executive Maria Ramos
Before joining AngloGold Ashanti, Ramos was the CEO of Absa Group Limited, a key player in Africa’s financial services sector.
Bank linked to Nigerian billionaire Femi Otedola rakes in $290 million in profit
As a top shareholder in the Lagos-based lender, Femi Otedola stands to benefit from FBNH’s impressive financial performance.
South African exec Mark Blair faces pay cut as Mr. Price misses financial goals
The decline in Blair’s remuneration underscores the complex relationship between executive compensation and a company’s financial performance.
Greek businessman John Coumantaros loses $10 million from Flour Mills stake
Coumantaros, ranked as one of the richest investors on the Nigerian Exchange, holds a 63.34 percent stake in Flour Mills of Nigeria.
Aliko Dangote’s cement empire achieves 9-month profit exceeding $340 million
Dangote Cement’s remarkable financial performance and ability to sustain profit growth solidify its position as a top player in the African cement industry.
South African exec Roy Bagattini earns $1.7-million salary from Woolworths in 2023
In addition to his executive and governance responsibilities, Roy Bagattini holds a minority stake of 0.158 percent in Woolworths Holdings.
Egyptian businessman Hani Berzi gains $66 million from Edita stake
Berzi owns a significant 41.95-percent stake in the leading packaged food manufacturer through Quantum Invest BV.
Nigerian tycoon Tony Elumelu’s Transcorp records 9M revenue exceeding $150 million
Elumelu, through his investment firm HH Capital, holds a 29.5-percent stake in Transcorp, or 11,990,957,350 ordinary shares.
South African businessman Gus Attridge loses $11.96 million in 24 days
Attridge, Aspen’s group chief advisor, who ranks as one of South Africa’s richest businessmen, owns a 4.26-percent stake in the pharmaceutical holding company.
3 companies owned by Black businessman Robert Reffkin
In 2012, Reffkin and Ori Allon founded Compass, Inc., an online real estate tech firm.
Michael Jordan, worth $3 billion, now ranks as world’s sixth-richest Black individual
With a net worth of $3 billion, only five Black individuals globally surpass Jordan’s financial standing.
U.S.-Nigerian telecom tycoon Sam Darwish’s stake in IHS slumps by $17 million
Darwish holds a substantial 4.17-percent stake in IHS Holdings, or 13,958,158 shares.