South African billionaire Michiel Le Roux bounces back with $200-million net worth surge
Le Roux stages remarkable comeback, reclaiming billionaire status with soaring net worth.
African Billionaires
Angolan oil tycoon Joaquim David eyes 50,000bpd for Etu Energias
David is the founder of Etu Energias, the largest private oil company in the country.
The 10 most generous South African philanthropists of all time
From Allan Gray to Patrice Motsepe, meet the 10 most generous South African philanthropists ever.
Disgraced billionaire Carlos Sao Vicente fails to secure $2.6-million release from Singapore Bank
Disgraced Portuguese-Angolan billionaire businessman, Sao Vicente faces legal setback as Singapore court denies access to funds.
Egypt’s second-richest man Naguib Sawiris suffers $110 million loss in just nine days
Sawiris, Egypt’s second-richest billionaire, faces a net-worth decline amid subdued gold prices.
Kenyatta family’s stake in NCBA Group suffers $11.26-million decline in 2023
The Kenyatta family’s equity holdings in NCBA Group see a $11.26-million decline as stock market volatility persists.
Nigerian banker Herbert Wigwe invests $1.6 million to increase stake in Access Holdings
Wigwe has expanded his stake in Access Holdings, driving growth and confidence in the financial sector.
Zimbabwe’s richest man Strive Masiyiwa bounces back stronger, gains $1 billion in 2023
Masiyiwa’s net worth has soared by $1 billion in 2023.
The 10 richest Black people in America in 2023
From Robert F. Smith to LeBron James, meet the 10 Black billionaires in America in 2023.
Nassef Sawiris’ Orascom Construction sells chemicals subsidiary for $53 million
This divestment is part of Orascom’s strategy to extract value across its assets for allocation to growth and value-accretive areas.
James Mwangi powers Equity Group to robust Q1 profits, exceeding $90 million
Equity Group Holdings reports impressive Q1 profits of $90 million.
South African tycoon Ivan Saltzman to sell $41 million worth of Dis-Chem shares to executives
Saltzman, along with his wife Lynette, co-founded Dis-Chem Pharmacies in 1978.
Tanzanian billionaire Rostam Aziz to build $140-million solar project in Zanzibar
Aziz, one of Tanzania’s wealthiest men, has tentacles in telecoms, aviation, mining, real estate, and port management.
Aziz Akhannouch, Morocco’s richest man, faces staggering $500-million loss in 2023
Akhannouch, Morocco’s prime minister and wealthiest individual, has lost half a billion dollars due to declining petroleum assets.
Tennis legend and investor Serena Williams joins Consello as senior advisor
Williams is the third retired star athlete to join the Consello Group, following the steps of former NFL star Tom Brady and Pau Gasol.
South African billionaire Johann Rupert insists Richemont is not for sale
Richemont recently published its latest full-year financial report, which shows a 21-percent growth in jewelry sales.