Michiel Le Roux loses $110 million from investment in Capitec Bank
Le Roux holds an 11.39-percent stake in Capitec Bank.
African Billionaires
7 companies owned by Zimbabwe’s richest man, Strive Masiyiwa
With an enduring legacy spanning two decades, Masiyiwa has redefined telecommunications in Africa.
Egyptian court clears billionaire of pop star lover’s murder
Moustafa had been sentenced to 15 years for his role in the 2008 murder of pop star Suzanne Tamim.
Botswana businessman Farouk Ismail faces $3-million loss from Choppies stake
Choppies has grown from a single store operating under the name “Wayside Supermarket” in Botswana in 1986 into a leading retailer with more than 260 stores in eight countries.
Tony Elumelu’s wealth skyrockets with Transcorp stake closing in on $100 million
Through his investment firm, HH Capital, Elumelu owns a 29.5-percent stake in Transnational Corporation of Nigeria (Transcorp).
Michael Jordan’s net worth grows by $1.8 billion in 2023
With this most recent milestone, Jordan’s legacy continues to redefine the boundaries of success on and off the basketball court.
South African tycoon Giovanni Ravazzotti to receive $5-million dividend from Italtile
Ravazzotti, a leading figure in the business landscape, owns a significant 33.88-percent stake in Italtile.
South African-born billionaire Patrick Soon-Shiong’s net worth slumps by $770 million
Despite his recent decline in fortune, Patrick Soon-Shiong remains among the richest African billionaires.
Credit Bank, owned by Kenya’s wealthy Nyachae family, set to list on Nairobi bourse
Grace Nyachae, widow of Simeon Nyachae and a key figure in the country’s financial services industry, is a founding director of Credit Bank.
South African banker Mike Brown earns $2.3-million salary from Nedbank in 2022
Brown is the CEO of NedBank Group, one of the continent’s most valuable financial services groups.
Tiger Woods’ net worth hits $1.1 billion
Throughout his professional career, Woods has amassed a staggering $1.8 billion, a sum that includes $121 million in prize money on the PGA Tour.
Abducted Indian-Kenyan Sugar billionaire Jaswant Singh Rai released
Kenyan sugar tycoon Jaswant Singh Rai has been released two days after his abduction.
U.S. music mogul Sean ‘Diddy’ Combs donates $1 million to university
Combs is set to present Jackson State University with a $1-million gift to boost their football program.
U.S.-Nigerian telecom tycoon Sam Darwish suffers $40-million loss
Darwish holds a substantial 4.17-percent stake in IHS Holdings, amounting to 13,958,158 shares in the group.
Kenyan sugar mogul Jaswant Rai kidnapped by suspected police officers
Rai’s legal endeavors extended to business matters. In 2022, he contested the awarding of a leasing contract to the Uganda-based Sarrai Group.
South African billionaire Johann Rupert loses $1.1 billion in 23 days
Despite the latest slump in his fortune, Rupert still retains his position as South Africa’s richest man, ahead of Nicky Oppenheimer.