Africa’s richest title returns to Johann Rupert, as Dangote loses $538 million
Rupert, who had briefly conceded the top spot, managed to secure his lead again with a net worth of $10.6 billion.
African Billionaires
5 South Africans who founded billion-dollar pharma companies
Billionaires.Africa shines a spotlight on five South African trailblazers who have propelled South Africa onto the global stage of medical innovation.
Moroccan pharma tycoon Lamia Tazi suffers $9-million loss from Sothema stake
Tazi owns a substantial 8.4-percent stake in the leading healthcare company, or 605,030 issued shares.
Zimbabwean mogul Zed Koudounaris gains $7 million from stake in Axia Corp
Koudounaris owns 20.6 percent of Harare-based Axia Corp., which translates to a total of 113,982,912 ordinary shares.
South African tycoon Noluthando Gosa suffers $8.9-million loss
Gosa derives the majority of her fortune from a well-diversified investment portfolio, including a 6.15-percent stake in ArcelorMittal SA.
Oriental Weavers, controlled by wealthy Khamis family of Egypt, records $137.7 million in H1 revenue
Egyptian businesswoman Yasmine Mohamed Khamis and her siblings own a controlling interest of 56.58 percent of the leading carpet manufacturer.
Johann Rupert ‘no longer’ Africa’s richest man as net worth slumps by $200 million
Despite the latest slump in his fortune, Rupert still retains his position as South Africa’s richest man.
Abdul Samad Rabiu’s BUA Cement partners with Sinoma to expand cement plant
BUA Cement is a leading cement maker led by Nigeria’s second-richest man, Abdul Samad Rabiu.
Hip-hop mogul Rick Ross buys extravagant $35-million Miami mansion
Ross, a native of Miami, amassed his fortune through his successful music career and his adeptness as a record executive.
Billionaire Femi Otedola triumphs as FBNH directors oppose Otudeko’s stake purchase
The overwhelming support of shareholders underscores Otedola’s substantial impact on the nation’s economy.
South African mining billionaire Brian Menell secures $200-million funding
Menell, founder of Techmet, is a scion of the Menell family who founded and controlled the Anglovaal Group.
Led by South Africa’s wealthy Ravazzotti family, Italtile faces tough times
Ravazzotti, the founder of Italtile, holds a 33.88-percent stake in Italtile, presently valued at $287.1 million.
Nigerian billionaire Aliko Dangote is back on top as Africa’s richest man
Dangote’s return to the top of the continent’s richest list follows a surge in his net worth, as reported by Forbes.
South Africa’s richest man Johann Rupert set to reap $233-million dividend in September
Rupert, who serves as Richemont’s chairman, holds a significant interest in the company through Compagnie Financiere Rupert.
South African billionaire Christo Wiese’s stake in Shoprite jumps by $100 million
Wiese, a South African billionaire who played an instrumental role in Shoprite’s growth, owns 11.63 percent of the company.
Tunisian tycoon Moncef Mzabi gains $6.6 million from stake in automobile retailer
Mzabi, now the chairman of the Tunisian automobile retailer, owns 24.5 percent of the company, or 9,370,387 ordinary shares.