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.
African Billionaires
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.
Billionaire Gbenga Agboola’s Flutterwave and Audiomack join forces to empower artists with monetization opportunities
Agboola’s visionary leadership has propelled Flutterwave to the forefront of the African tech ecosystem.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods sustains efforts to make rice affordable
BUA Foods, under Rabiu, has maintained its dominant position in the Nigerian economy.
South African mogul Noluthando Gosa suffers $25-million loss from ArcelorMittal stake
Gosa derives the majority of her fortune from a well-diversified portfolio that includes a 6.15-percent stake in ArcelorMittal SA.
Egyptian tycoon Mostafa Kandil’s SWVL regains compliance with Nasdaq’s audit committee requirements
SWVL Holdings Corp is a global provider of tech-enabled mass transit solutions.
Egyptian tycoon Medhat Khalil’s Raya Foods considers offers to boost capital by $11.3 million
Raya Foods is a subsidiary of Raya Holdings, the investment group founded by Khalil.