5 companies owned by South African billionaire Koos Bekker
Bekker ranks as one of Africa’s richest billionaires.
African Billionaires
South African billionaire Patrice Motsepe’s ARC acquires minority stake in GoSolr, boosting solar energy push
With this latest acquisition, ARC reinforces its commitment to building a greener future.
Startup led by Nigerian entrepreneur Adebowale Banjo raises $1.25 million in pre-seed funding
Since its inception, MyCover.ai, under Banjo’s leadership, has established itself as a trailblazer in innovative insurance solutions.
U.S.-Nigerian telecom tycoon Sam Darwish nets $40 million from IHS Holdings stake
Darwish holds a substantial 4.17 percent stake in IHS Holdings, amounting to 13,905,235 shares.
Bank linked to Nigerian billionaire Femi Otedola rakes in $240 million in profit in six months
Otedola holds the largest stake in the Lagos-based financial services holding group, with a 5.57-percent stake as of June 30, 2023.
Tanzanian multimillionaire Seif Ali Seif to acquire South Africa’s Tongaat Hulett
Ali Seif and his family are the beneficial owners of Kagera Sugar Group which is a subsidiary of the their conglomerate, Super Group.
South African furniture tycoon Eric Ellerine suffers $2.9-million loss in Sabvest Capital stake
Ellerine remains one of the wealthiest investors on the Johannesburg Stock Exchange and a prominent businessman in the country.
South African tycoon Michiel Le Roux rakes in another $91 million from Capitec Bank stake
This followed a recent surge in his stake from May 31 to June 26, during which he witnessed a substantial increase of $120 million.
Moroccan Prime Minister Aziz Akhannouch’s wealth plummets by $600 million in 2023
Akhannouch derives the majority of his fortune from Akwa Group, a multibillion-dollar conglomerate founded in 1932 by his father.
5 companies owned by Africa’s fifth-richest billionaire Abdul Samad Rabiu
Boasting a net worth of $5.6 billion, Rabiu now ranks as the fifth-richest man in Africa.
Adidas claims Kanye West squandered $75 million intended for Yeezy collection marketing
Adidas claims that $75 million was transferred to two of Yeezy and West’s bank accounts, but both parties “mishandled virtually all of the marketing funds.”
Nigerian multi-award-winning artist Davido donates more than $300,000 to orphanages across Nigeria
While Davido’s philanthropic efforts are commendable, his music career continues to soar to new heights.
Ursula Burns, first Black woman CEO of Fortune 500 company, rakes in $3.4 million from Uber stake
The meteoric rise in Uber’s share price has propelled the company’s market ca. to more than $90 billion, resulting in lucrative gains for its investors, including Burns.
America’s second-richest Black man David Steward’s wealth soars above $6 billion
Steward’s fortune has skyrocketed by more than $1.1 billion recently, rising from $4.87 billion on May 9 to $6 billion.
South African tycoon Gareth Ackerman raises alarm over government’s empowerment policy revisions
As the scion of the Ackerman family, one of the richest families in South Africa, Gareth Ackerman’s views carry considerable weight in the business community.
Aliko Dangote reclaims title of richest investor on NGX, as Dangote Cement stake skyrockets to $6.6 billion
The surge in the shares of Dangote Cement, Africa’s largest cement company, was the driving force behind Dangote’s resurgence.