South African billionaire Michiel Le Roux’s Capitec Bank stake gains $60 million in 24 hours
This surge not only cements Le Roux’s status among South Africa’s billionaires but also strengthens his reputation as a key investor on the JSE.
Billionaires Africa
Nigerian billionaire Abdul Samad Rabiu leads educational advancement with ASR Africa Initiative
ASR Africa has initiated the construction of a state-of-the-art administrative block and conference room at Al-Qalam University in Katsina State, Nigeria.
Nigerian gambling magnate-backed bank posts $27.2-million profit in 2023
Its profits skyrocketed by 217 percent, leaping from N11.35 billion ($8.52 million) in 2022 to N35.99 billion ($27.2 million).
Adidas shares owned by Egypt’s richest man Nassef Sawiris surpass $2.7 billion
The recent surge in the share price of Adidas has bolstered Sawiris’ wealth significantly, with his stake now valued at $2.71 billion.
South African tycoon Jannie Mouton gains $42.2 million from Capitec Bank stake
This surge in Mouton’s stake solidifies his spot among the most affluent investors on the JSE.
America’s second-richest Black billionaire loses $200 million in 13 days
David Steward, a prominent figure in the tech industry who currently ranks as America’s second-wealthiest Black individual, has encountered a substantial setback…
Africa’s first Black billionaire Patrice Motsepe’s ARM acquires $2.8-million stake in Toronto-listed firm
Motsepe, boasting a net worth of $2.5 billion, derives a significant portion of his wealth from his substantial stake in ARM, cementing his position as one of Africa’s leading industrialists.
Forbes list shows Globacom founder Mike Adenuga as fifth richest in Africa
In recent times, his net worth has surged to $6.9 billion from $6.1 billion in 2023, solidifying his rank as Africa’s fifth-richest and Nigeria’s second wealthiest person.
South African tycoon Stephen Brookes faces $2-million loss from Balwin stake
Despite the recent slump, Brookes remains a prominent figure in the South African real estate landscape.
South African-born billionaire Patrick Soon-Shiong loses $400 million in 9 days
This downturn marks a sharp reversal from the beginning of the year when Soon-Shiong enjoyed a significant wealth surge.
Zimbabwe’s richest man Strive Masiyiwa’s Econet unveils plans to consolidate fintech assets
Econet Wireless Zimbabwe’s strategic restructuring with EcoCash signifies a pivotal step in consolidating its position within the financial technology sector.
South African tycoon Jonathan Jawno’s Transaction Capital stake surges $3.7 million
This substantial gain solidifies Jawno’s position as one of the wealthiest investors on the JSE.
Malawian tycoon Hitesh Anadkat’s stake in FMB Capital falls below $200 million
This adds to a $6-million decrease in the value of his holding between Feb. 1 and March 9.
Egyptian billionaire Elsewedy family’s foundation set to skill up 20,000 students
Established in 2011, the Elsewedy Technical Academy has been dedicated to providing high-quality technical education in line with global standards.
Nigerian banker Peter Ashade-led United Capital rakes in $8.75-million profit in 2023
The company’s performance is marked by an 18 percent year-on-year increase in profit after tax to N11.42 billion ($8.73 million).
Egyptian billionaire Nassef Sawiris’ OCI N.V. posts $392-million loss in 2023
This is attributed to lower global nitrogen pricing and a reduction in natural gas prices in Europe and the United States following the exceptional highs of 2022.