South Korean billionaire Kwon Hyuk-bin loses 35% of Smilegate in a record $1.9 billion divorce
A Seoul court orders Smilegate founder Kwon Hyuk-bin to hand his ex-wife a 35% stake and cash worth $1.91 billion, a national record.
Billionaire news
Billionaire Tim Draper ignores Tanzanian government, fields offers for private island
Tim Draper says offers are coming in for his $7.9 million Lake Tanganyika island, days after Tanzania said the land belongs to the state.
Nigerian billionaire Folorunsho Alakija's FAMFA Oil faces a $6.7 million customs demand
An investigation says FAMFA Oil kept three Bombardier jets worth close to $200 million in Nigeria for over a decade on faulty import papers.
MacKenzie Scott has now given more than $1 billion to historically Black colleges
MacKenzie Scott has given more than $1 billion to historically Black colleges since 2020, all of it unrestricted, part of $26 billion in donations.
Saudi billionaire Prince Alwaleed acquires 70% of Al Hilal football club
Kingdom Holding has completed its SR840 million purchase of 70% of Al Hilal from Saudi Arabia's PIF, valuing the club at about $320 million.
Burkinabè billionaire Idrissa Nassa's Coris Bank commits $712 million to hospitals and schools
Idrissa Nassa's Coris Bank has committed to mobilise $712 million for four university hospitals and 27 schools under a memorandum signed in Ouagadougou.
Italtile founder Ravazzotti’s $420-million stake feels heat as ceramics market slows
Giovanni Ravazzotti’s fortune sways with Italtile’s fortunes as the ceramics market faces its toughest trading climate in years.
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.