Former director pleads guilty to embezzling $2.2 million from 50 Cent’s company
The embezzlement scheme dates back over two years, coinciding with 50 Cent’s purchase of $14.8 million worth of champagne and cognac from two French distilleries.
African Billionaires
American-Nigerian mogul Sam Darwish’s IHS to deploy 750 towers in Brazil
Founded by Darwish in 2001, IHS Holding retains its position as one of the largest telecom infrastructure groups in terms of tower count.
Nigerian banker Herbert Wigwe gains $8 million from Access Holdings stake
Wigwe’s commitment to Access Holdings and his strategic share acquisitions have established him as a top figure in the Nigerian banking sector.
Wealthy Kenyan tycoon Andrew Ndegwa loses over $2 million in 49 days
Despite this financial setback, Ndegwa remains one of Kenya’s wealthiest investors and ranks as one of the country’s richest businessmen.
South African exec Basil Sgourdos receives $4.3-million salary from Naspers in 2023
Sgourdos has been the group CFO and financial director of Naspers since 2014.
Kanye West didn’t mean antisemitic comments, says Adidas CEO Bjorn Gulden
Last year, Adidas ended its lucrative collaboration with West following a series of offensive and antisemitic comments.
Nigerian billionaire Mike Adenuga in spotlight over $260-million debt and bribery allegations
Adenuga, whose net worth stands at $3.5 billion, ranks as one of Nigeria’s most prominent and wealthiest businessmen.
Tunisian tycoon Mehdi Tamarziste suffers $2-million loss in just 3 weeks
Tamarziste owns a 12.9-percent stake in Union for Commerce and Industry (UBCI) through his business entity, Tamarziste Group.
5 companies owned by Chris Brown
Brown is more than an entertainer; he’s an industry icon. Billionaires.Africa has identified five companies owned by the music superstar.
South Africa’s richest man Johann Rupert loses $3.4 billion in just 10 weeks
Despite this recent setback, Rupert retains his status as South Africa’s wealthiest individual, surpassing fellow South African magnate Nicky Oppenheimer.
America’s second-richest black woman Sheila Johnson reflects on her struggles in new memoir
Johnson, the co-founder of Black Entertainment Television (BET) and owner of Salamander Hotels & Resorts, has a net worth of $840 million.
South African tycoon Des de Beer sells shares in Resilient REIT
Des de Beer is the founder of numerous real estate investment companies in South Africa, Mauritius and Europe.
10 companies owned by Snoop Dogg
Snoop Dogg, the pioneer of West Coast Rap and hip hop honcho, is a successful businessman with numerous businesses in his kitty.
Egypt’s richest man Nassef Sawiris loses $103 million in 5 days
Despite the recent $103 million decline in his fortune, Sawiris’ present fortune of $7.51 billion makes him the 303rd richest individual globally.
Namibian mogul Koos Brandt rakes in $7 million from Capricorn Group
Brandt is the largest individual shareholder in Capricorn Group, with an 18.52-percent stake.
7 companies linked to South African tycoon Sim Tshabalala
Billionaires.Africa has discerned five enterprises, in which Tshabalala assumes directorial or executive responsibilities.