Vista Equity, owned by America’s richest Black person Robert F. Smith, seals $2.6 billion acquisition of Duck Creek
Vista Equity Partners was founded by America’s richest Black billionaire Robert Smith in 2000
African Billionaires
Nigerian banker Herbert Wigwe’s Access Holdings pours $300 million into flagship banking business
Herbert Wigwe owns a 4.51 percent stake in Access Holdings, Nigeria’s largest bank in terms of assets.
John Moxon’s stake yields $18.4 million in 14 weeks, cementing his status as one of Zimbabwe’s top investors
Moxon owns a 10.8-percent stake in Meikles Limited.
10 African U.S. dollar billionaires who Forbes missed
Meet 10 African billionaires who did not feature in Forbes’ annual ranking of the world’s richest people.
Strive Masiyiwa, Zimbabwe’s wealthiest man, bounces back with $800-million net worth increase
Masiyiwa derives a portion of his fortune from his stake in Econet Zimbabwe.
Nigerian billionaire Tony Elumelu to pocket $4.65 million in dividends from UBA
Elumelu owns a significant 6.9-percent stake in UBA.
Egyptian tycoon Hassan Allam’s firm bags construction contract for Rosewood Amaala project in Saudi Arabia
With a construction backlog of $2.8 billion, Hassan Allam Holding has established itself as a key player in the construction industry.
African-American billionaire Tyler Perry reaffirms interest in BET acquisition, says he’s ‘very, very interested’
Perry owns a minority stake in BET Media Group, as well as BET+, a high-end digital streaming platform.
Meet the world’s 19 Black billionaires in 2023
While some Black billionaires have not fared well since the start of the year, others have built on their fortunes.
South African billionaire Patrice Motsepe’s net worth slumps by $500 million in 2023
Motsepe remains the richest Black person in Southern Africa.
Ugandan tycoon Patrick Bitature’s Simba Telecom ventures into East Africa’s booming solar energy market
Simba Telecom is a leading telecommunications enterprise.
Orascom Construction, led by Sawiris family, achieves major milestone in Egypt as part of consortium
Orascom Construction is 51.8 percent owned by the Sawiris family.
Moroccan businesswoman Lamia Tazi’s Sothema records over $27 million in profit in 2022
Tazi owns a significant 8.4-percent stake in Sothema.
Tunisian businessman Habib Essayeh suffers $5.9-million setback due to decline in Euro-Cycles shares
Essayeh owns a significant 33.6-percent stake in Euro-Cycles S.A.
Tanzanian tech entrepreneur Joseph Rutakangwa leads U.S.-based startup to raise $4 million in funding
Rutakangwa is empowering companies to broaden their horizons and augment their revenue.
Egyptian billionaire Nassef Sawiris, partner inject $25 million into Aston Villa
The cash is interest-free and likely to be used to fund day-to-day operational activities.