America’s second-richest Black person David Steward gains $664 million
Steward’s net worth is mostly derived from his 59-percent stake in World Wide Technology.
African Billionaires
Jay-Z achieves $2.5-billion net worth milestone, tying with media mogul Oprah Winfrey
In 2019, Jay-Z became hip-hop’s first billionaire.
Moroccan tech tycoon Karim Benjelloun makes over $1 million from recent surge in DISWAY shares
Benjelloun, the founder and general manager of Disway, owns 7.36 percent of the company’s total equity,
Meet Nairobi-based entrepreneur who is disrupting Africa’s transport sector with his innovative startup
Under Bhattacharya, BasiGo has received $10.9 million in funding for BasiGo.
Kenyan businessman John Kimani-linked Kakuzi posts $6.4 million in profit in 2022
Kimani holds a substantial interest in Kakuzi, amounting to 34.54 percent, or 6,762,133 shares.
Led by Egypt’s richest family, Orascom Construction smashes expectations with $134 million in profit in 2022
Orascom Construction is majority-owned by the Sawiris family through their private investment vehicle OS Private Trust Company.
Hitesh Anadkat, one of Malawi’s richest businessmen, amasses $73-million fortune in one year through FMB Capital stake
Anadkat’s stake in FMB Capital has risen significantly, firmly establishing him as one of Malawi’s richest men.
Tunisian tycoon Abdelwaheb Ben Ayed loses $1.65 million from stake in Tunis-based conglomerate
Ben Ayed owns a 3.4-percent stake in Poulina Group.
Meet Richmond Bassey, Nigerian entrepreneur making investment opportunities more accessible for Africans
Bassey is revolutionizing the way Africans can invest in the global capital market.
Kanye West’s net worth dips below $400 million as he suffers $2-million loss
West is one of the world’s richest Black people.
Mauritian tycoon Arnaud Mayer’s Evaco surpasses $9 million in revenue in H1 2023
Mayer founded Evaco Group as a real estate development company in 2001.
Kenyan businessman Baloobhai Patel acquires additional $1.38-million stake in Co-op Bank
Patel has solidified his position as a major player in the Kenyan financial sector with his latest acquisition.
Basketball legend Michael Jordan gains $300 million as net worth hits $2 billion
Jordan is the first athlete to amass a billion-dollar fortune.
Egyptian businessman Hisham Talaat Moustafa to pocket $5.5 million in dividends from real estate conglomerate
Moustafa is one of the richest investors on the Egyptian Exchange.
South African-born billionaire Patrick Soon-Shiong has now lost $820 million so far in 2023
Soon-Shiong is best known for developing the cancer treatment Abraxane.
Herbert Wigwe meets French ambassador to Nigeria amid plans to launch new Access Bank unit in France
This is Wigwe’s second meeting with the ambassador this year.