Africa now home to 25 billionaires, 122,500 millionaires, report says
Africa now counts 25 billionaires and 122,500 millionaires, signaling a new era of wealth creation across the continent.
African Billionaires
Inside the private jets of Africa’s billionaires
From Dangote’s $70M Bombardier to Oppenheimer’s Global 6500, Africa’s billionaires fly in luxury jets that power business across continents.
Inside Africa’s billionaire foundations reshaping health and education
Across Africa, billionaire-backed foundations are funding schools, clinics and jobs, reshaping philanthropy into structured platforms that transform lives.
Triumph Over Legal Tyranny: Billionaire Benedict Peters’ £50m UK Property Battle Ends in Victory
Billionaire Benedict Peters ends decade-long UK property dispute, reclaiming £50 million in London real estate and asserting faith and principle.
Five new African billionaires have emerged so far in 2025
Five new billionaires join Africa’s top ranks in 2025, led by gains in real estate, banking, and tech sectors.
Two new billionaires emerge from Africa’s stock markets in August 2025
Malawi’s Thom Mpinganjira and Egypt’s Hisham Talaat Moustafa join Africa’s billionaire list after major stock gains in August.
South African billionaire Rob Hersov’s podcast remarks spark race-relations backlash
South African businessman Rob Hersov's podcast comments about race and history have reignited debate over inflammatory rhetoric and its impact on public discourse.
Nigerian energy tycoon Ademola Adeyemi-Bero’s First E&P pursues Tanzanian gas opportunity
Ademola Adeyemi-Bero'S Nigeria’s First E&P is expanding into Tanzania’s gas sector, part of a broader push by Nigerian companies to grow beyond West Africa’s oil fields.
Serena Williams backs infant formula startup Nara Organics in $32 million round
Serena Williams has invested in Nara Organics, a new infant formula startup that offers a USDA-certified, FDA-registered organic whole milk formula designed to meet both U.S. and European standards.
9 companies owned by Nigerian billionaire and Bet9ja founder, Kunle Soname
Outside of sports betting, Kunle Soname, a Nigerian gaming tycoon and chairman of Bet9ja, has built an empire that spans aviation, ceramics, hospitality, sports and hospitality.
Co-op Bank Kenya CEO Gideon Muriuki raises stake with $1.57 million share purchase
Gideon Muriuki, CEO of Co‑operative Bank of Kenya, has boosted his personal stake in the lender by acquiring an additional 12 million shares valued at KSh 202.8 million (approximately US $1.57 million) — raising his stake from 2% to 2.2%.
Africa’s richest 5 percent control $4 trillion, twice the rest of the continent
That staggering imbalance is at the heart of a new Oxfam report that lays bare the depth of inequality spreading across the continent.
Angolan oil tycoon Joaquim David’s Etu Energias kicks off drilling drive on flagship Congo Basin block
Etu Energias plans to drill at least three development wells, probe one exploration location and carry out five work overs in existing wells.
10 Black Multimillionaires Who Built Tech Unicorns
From Lagos to London, Atlanta to Silicon Valley, meet 10 black entrepreneurs who have founded, built and scaled tech companies to billion-dollar valuations.
Sudan’s richest family, the Elnefeidis, seeks $17 million from the IFC to import wheat
Sudan's richest family, the Elnefeidis, is seeking a $19 million facility from the International Finance Corporation to support wheat imports for its Cameroon business.
Zak Calisto joins African billionaire ranks after Karooooo stake tops $1 billion
His controlling stake in Karooooo has surpassed the $1 billion mark, a milestone first reported by Billionaires.Africa.