A$AP Rocky secures multi-year creative deal with sportswear giant PUMA
This collaboration will see A$AP Rocky take the helm as the creative director for a brand-new category, focusing on the intersection of high-speed racing and urban streetwear.
African Billionaires
Firm linked to America’s second-richest Black billionaire reports $2.6 billion in profit
America’s second-richest Black individual David Steward maintains a significant investment in Centene Corporation, valued at $15.3 million.
Nigerian businessman Tony Elumelu gains nearly $20 million in 55 days from UBA
Ripple effect: UBA’s double-digit share surge impacts Nigerian businessman Tony Elumelu’s fortune.
GTCO, led by Nigerian banker Segun Agbaje, posts $480-million 9M profit
Nigerian business executive Segun Agbaje’s leadership remains a key ingredient in GTCO’s financial success in recent years.
Black executive David Rawlinson II earns $4.96-million salary from Qurate Retail
David Rawlinson II, one of the world’s highest-ranking Black CEO, has been Qurate’s chairman and CEO since 2021.
Tunisian tycoon Moncef Mzabi suffers $1.2-million loss from ARTES stake
Mzabi owns 24.8 percent of the company, which translates into 9,370,387 ordinary shares.
7 companies owned by Kenyan tycoon Jaswant Singh Rai
Billionaires.Africa has identified and tracked companies owned by Rai.
Egyptian billionaire Yasseen Mansour-led firm commits $647 million to boost residential projects
Under the leadership of Mansour, Palm Hills has become one of Egypt’s leading real estate companies.
South African billionaire Saltzman family loses $22 million in 13 days
South African billionaire Saltzman family presently owns a beneficial 35.12-percent stake in Dis-Chem Pharmacies.
Rihanna plans major comeback with $39.1-million deal with Live Nation
In October 2022, Rihanna made her long-awaited musical comeback with the release of her single, “Lift Me Up,” which marked her first release in six years.
F1 icon Lewis Hamilton’s career earnings surpass $500 million
Forbes estimates that Hamilton’s overall earnings for the year, combining race earnings with endorsements, deals, and business ventures, will likely reach $65 million.
South African billionaire Johann Rupert’s Richemont receives clearance for YNAP-Farfetch partnership
Rupert, who serves as Richemont’s chairman, holds a substantial interest in the company through Compagnie Financiere Rupert.
South African businesswoman Noluthando Gosa suffers $1 million loss in 32 days
Gosa is a long-standing leader of esteemed institutions and a non-executive independent director at ArcelorMittal South Africa.
Top Black CEO Marvin Ellison earns $17.5-million salary from Lowe’s
Ellison, one of the world’s highest-ranking Black CEOs, has been Lowe’s chairman and CEO since 2018.
Africa’s richest man Aliko Dangote no longer among world’s top 100 billionaires
Currently, with a net worth of $15.8 billion, Dangote is positioned as the 107th wealthiest individual globally.
Zimbabwean tycoon John Moxon rakes in $10.6 million in three weeks
Moxon owns a 10.8-percent stake in Meikles Limited, which amounts to 27,933,226 shares.