The 10 most expensive homes in South Africa for sale
From the iconic Sandhurst to the exclusive suburbs of Bantry Bay and Clifton, these are the 10 most expensive homes for sale in South Africa in June 2023.
African Billionaires
IBM to invest up to $5 billion in firm linked to America’s richest Black billionaire
Vista Equity Partners has established itself as a dominant force in the technology sector.
Cosmetics billionaire Rihanna steps down as CEO of Savage X Fenty, Hillary Super named new CEO
With Rihanna’s transition and the appointment of Hillary Super as CEO, Savage X Fenty is positioned for continued growth and success.
Angolan billionaire Isabel dos Santos accused by Dutch court of diverting $57.3 million
Accusations of corruption have long plagued dos Santos, including allegations that she and her husband siphoned $1 billion from state funds.
Nigerian tycoon Abdul Samad Rabiu falls out of Bloomberg Billionaires Index
Rabiu is no longer ranked on the Bloomberg Billionaires Index of the 500 richest people in the world.
Nigerian billionaire Aliko Dangote’s net worth dips below $10 billion
The net worth of Nigerian billionaire Aliko Dangote has dipped below the $10-billion mark, according to Forbes.
South African billionaire Ivan Glasenberg rakes in $310 million in just two weeks
This notable increase in Ivan Glasenberg’s net worth can be directly attributed to the recent performance of his 9 percent stake in Glencore.
American-Nigerian mogul Sam Darwish’s IHS consults JPMorgan amid standoff with MTN
IHS Holding, founded by Sam Darwish in 2001, remains the largest telecom infrastructure group in terms of tower count in Africa
Centum, controlled by heirs of late Kenyan tycoon Chris Kirubi halts plans to dilute stake in Two Rivers unit
Centum Investment Plc is controlled by Robert Kirubi and Mary-Ann Musangi, heirs to the late tycoon Chris Kirubi’s business empire
Kenyan tycoon James Mwangi’s Equity Group to invest $5.7 million in insurance business
Under James Mwangi, who holds a 3.38-percent stake in the company, Equity Group witnessed a 15 percent increase in profits in 2022
Aliko Dangote loses $400 million just one week after losing Africa’s richest crown
Dangote’s net worth has declined by a staggering $400 million within the past seven days, dropping from $10.8 billion to $10.4 billion.
Black billionaire Michael Lee-Chin faces $100-million loss this year
According to Forbes, Lee-Chin’s net worth now stands at $1.4 billion, compared to $1.5 billion at the start of the year.
Ghanaian billionaire Kevin Okyere secures $750-million loan to pump oil
Okyere is the founder of Springfield Group, one of Ghana’s few locally-owned oil exploration companies.
Africa’s richest man Johann Rupert slips by $200 million after surpassing Dangote
As a result of the $200-million dip, Rupert’s net worth slumped from $12 billion on June 16 to $11.8 billion at the time of writing.
London-based Nigerian restaurateurs smile as Beyonce donates $1 million to 10 businesses
Beyonce’s recent act of generosity follows closely after a significant milestone in her financial journey.
Scandal-plagued South African billionaire Markus Jooste faces arrest as German court takes action
This comes weeks after Jooste failed to appear in court, marking his first criminal charge since the collapse of Steinhoff.