Namibian tycoon Quinton van Rooyen faces $8.5-million loss in just one week
Van Rooyen, who owns an impressive 63.94-percent stake in Trustco, ranks as one of Namibia’s richest men.
African Billionaires
Kevin Durant nears $400 million in career earnings milestone in current NBA season
Durant’s salary for the season, which includes impressive cash incentives, is expected to reach a staggering $46.4 million.
South Africa’s richest man Johann Rupert loses another $800 million in 18 days
Despite this recent setback, Rupert retains his status as South Africa’s richest individual, surpassing fellow South African magnate Nicky Oppenheimer.
South African banker Laurie Dippenaar loses $24 million from FirstRand shares
Dippenaar’s 1.76-percent stake in FirstRand is now worth $316.9 million.
Cement empire of Nigeria’s second-richest man surpasses $420 million in 9M revenue
This underscores the financial success of BUA Cement under Rabiu, a prominent industrialist who has solidified his standing as Nigeria’s second-richest man.
Egyptian tycoon Ahmed Ezz makes $300 million in 22 days
Ezz, a leading Egyptian industrialist, owns a 60.7-percent stake in Ezz Steel, or 329,816,198 shares.
8 businesses owned by Nigeria’s richest pastor, Bishop David Oyedepo
Billionaires.Africa explores eight businesses founded by Bishop Oyedepo. His remarkable influence extends far beyond Nigeria.
Egypt’s richest man Nassef Sawiris loses nearly $500 million in 9 days
As a result of this recent $470 million decline, Sawiris, who ranks as the richest man in Egypt and the Arab world, is presently the 322nd wealthiest individual globally.
Magic Johnson joins billionaire club as his wealth crosses $1-billion mark
Johnson’s empire extends far beyond the realm of sports. He is a majority owner of EquiTrust, a life insurance company that he acquired in 2015.
Nigerian insurance tycoon Wole Oshin loses $1.3 million from Custodian stake
As Custodian Investment’s largest shareholder, Oshin holds a 26.81-percent stake, representing 1,576,662,503 ordinary shares.
Nigerian billionaire Femi Otedola donates $1 million to Augustine University students
The donation will cover the tuition fees of 750 students.
5 businesses owned by Pharrell Williams
From street-wear to fragrances and venture investing, Pharrell William’s entrepreneurial spirit knows no bounds.
Cameroonian superstar Francis Ngannou earns $10 million in debut boxing fight against Tyson Fury
Ngannou’s spectacular performance against Tyson Fury sparks speculation of a showdown with Deontay Wilder among fight fans.
Oil firm of Dangote’s half-brother Sayyu Dantata posts 9M revenue exceeding $120 million
Dantata, a multimillionaire businessman and the majority stakeholder in MRS Oil Nigeria, owns 60 percent of the company, or 205,730,806 ordinary shares.
5 companies owned by Black entrepreneur Andre Durand
Durand’s impact on these five businesses showcases his exceptional business acumen in the tech world.
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.