Egyptian tycoon Ahmed El-Sewedy’s fortune soars as stake in electric company approaches $1 billion
El-Sewedy, alongside his siblings Sadek and Mohammed, collectively owns 68 percent of the company.
African Billionaires
Four assets that make South African billionaire Johann Rupert Africa’s richest man
With an impressive global ranking of 145 among the world’s wealthiest people, Rupert has constructed a diverse investment portfolio.
Nigerian billionaire Mike Adenuga earns $1.5-million dividend from Julius Berger
Adenuga is the largest shareholder in Julius Berger with a 25.1-percent stake.
Kenyan banker Gideon Muriuki’s Co-op Bank adds over 500 jobs, bolstering expansion in Kenya
Under the leadership of Muriuki, Co-op Bank’s 2022 annual report revealed an impressive financial performance.
5 African millionaires who made a fortune in tobacco
These five African multimillionaires built enormous wealth from fueling one of the world’s deadliest and riskiest habits and vices – smoking.
CEO of Africa’s largest publicly listed firm gains $5.48 million in just 18 days
Over the past 18 days, van Dijk’s holdings surged by an impressive $5.48 million, according to data tracked by Billionaires.Africa.
Nigerian tycoon Tony Elumelu’s UBA stake hit hard as naira devaluation sends shockwaves
The devaluation of the naira has eroded the gains that Elumelu would have enjoyed from the surge in UBA’s shares.
Meet the four African billionaires who signed The Giving Pledge
From Tanzania, Sudan, Zimbabwe and South Africa, meet the four African billionaires who have signed The Giving Pledge.
Kenyan tycoon Narendra Raval secures victory in billion-dollar cement industry lawsuit
Kenyan tycoon Narendra Raval secures victory in billion-dollar cement industry lawsuit.
Michael Jordan is reportedly selling his Hornets stake for $3-billion
In 2010, Jordan who is today worth $2-billion, paid $275-million for a majority ownership in the Hornets.
Kenya’s Moi family-linked Sosian Energy electrifies national grid, paving way for power stability
Kenya’s Moi family is Kenya’s second-largest landowner after the Kenyatta family.
Dangote ‘no longer Africa’s richest man’ as devaluation forces Forbes to reshuffle Africa’s wealthiest list
Although Forbes estimates Dangote’s fortune at $10.8 billion, Bloomberg estimates present a slightly different picture.
Tanzanian billionaires Aunali and Sajjad Rajabali lose $2.8 million as CRDB bank shares plummet
Despite this setback, the Tanzanian billionaire brothers remain among the wealthiest investors on the Dar es Salaam Stock Exchange.
South African billionaire Johann Rupert is now Africa’s richest man, according to Forbes
According to Forbes, Rupert has ousted Aliko Dangote to become Africa’s richest man.
South African tycoon Adrian Gore racks up nearly $50 million in just 16 days
Gore, the founder of Discovery, is recognized as one of South Africa’s richest investors and businessmen.
South African tech mogul Jens Montanana gains $17.6 million from Datatec stake
Montanana holds a 14.06-percent stake in the multinational technology company.