3 companies owned by Black businessman Robert Reffkin
In 2012, Reffkin and Ori Allon founded Compass, Inc., an online real estate tech firm.
African Billionaires
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.
South African billionaire Stephen Saad suffers over $100-million loss in just 72 days
Saad, who founded Aspen in 1997, owns a 12.5-percent stake, or 57,151,972 ordinary shares, in the branded pharmaceutical holding company.
7 companies owned by Kenyan businessman Sarbjit Singh Rai
Billionaires.Africa has identified and tracked various companies and assets linked to Rai.
South African tycoon Andre Du Plessis suffers $9-million loss from Capitec stake
Du Plessis, a prominent South African businessman and co-founder of Capitec Bank, owns a beneficial 0.78-percent stake in the leading retail bank.
Nigerian billionaire Femi Otedola makes $171 million in 72 hours
Otedola’s stake in Geregu Power is now worth $1.15 billion, further solidifying his status as one of the continent’s most affluent businessmen.
Patrice Motsepe’s ARM faces $1.6 billion market cap wipeout as challenges mount
Patrice Motsepe’s wealth takes a significant $1 billion hit due to the sustained downturn in the market value of his 40.37-percent stake in ARM.
Bank led by Nigerian tycoon Herbert Wigwe posts over $320 million in profit in 9M 2023
Access Holdings sees key growth and expansion with Wigwe at the helm.
IEA forecasts Aliko Dangote’s refinery to fuel decade-long surge in African oil demand
Reports had indicated that Aliko Dangote was nearing a significant milestone as the Dangote Oil Refinery prepared to receive its first crude oil cargo in October.
South African billionaire Jannie Mouton faces $43-million loss from Capitec stake
South African billionaire Jannie Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen.
4,095 South African jobs at risk as Neal Froneman-led Sibanye unveils restructuring plan
Sibanye-Stillwater has grown into a leader in the mining industry under the leadership of South African businessman Neal Froneman.
NBA superstar Giannis Antetokoumpo signs $186-million contract extension
Antetokoumpo will rake in $85.6 million in the 2023-2024 NBA season.
South African tycoon Jonathan Jawno rakes in $2.6 million in 26 days
South African businessman Jonathan Jawno’s stake in Transaction Capital is now worth $18.6 million.
South African exec Bill Blackie’s salary at Standard Bank amounts to $2.1 million
Blackie has been leading Standard Bank’s business and commercial banking unit since 2022.
Billionaire movie mogul Tyler Perry signs multimillion-dollar deal with Netflix
Perry’s latest partnership with Netflix marks a new chapter in his illustrious career, promising an exciting array of content for global audiences.