U.S.-Nigerian telecom tycoon Sam Darwish loses $16.6 million from IHS stake
Darwish, the chairman and CEO of IHS, who ranks as one of the top figures in the African telecom industry, holds a substantial 4.17-percent stake in the group.
Billionaires Africa
Nigerian tycoon Tony Elumelu’s Transcorp hits $160-million revenue milestone in 2023
Elumelu, through his investment firm HH Capital, holds a commanding 29.5-percent stake in Transcorp, owning 11,990,957,350 ordinary shares.
Africa’s first Black billionaire Patrice Motsepe donates $500,000 in Cote d’Ivoire
Motsepe expressed his gratitude, stating, “We are grateful to the Catholic Church and the Muslim Faith for the crucial religious and spiritual work that they are doing…”
Companies linked to South African business executive Keneilwe Moloko
Billionaires.Africa has identified companies and holdings linked to Moloko, emphasizing her role as a top figure in the South African business scene.
South African executive Osman Arbee pockets $4-million salary in 2023
His 2023 compensation package includes a base salary of R12.3 million ($0.65 million) and a performance-based short-term incentive of R15.96 million ($0.84 million).
Richelieu Dennis: Liberian-born visionary who sold Sundial Brands for $1.6 billion
Under Dennis’ leadership, Sundial Brands thrived, and in 2017, Unilever acquired the brand in a $1.6-billion deal.
South African executive Niel Pretorius takes home over $1 million in 2023
Pretorius scored a 2.61-percent increase in his compensation package in 2023, compared to the R19.99 million ($1.06 million) he received in the previous year.
This Week In Review: A Snapshot of African Wealth Dynamics — Gains for the Khamis Family and Dangote, Setbacks for the Ghabbour Family and Michiel Le Roux (Jan. 29 to Feb. 2)
Join us as we delve into the highs and lows of the continent’s top business figures in our latest review of Africa’s dynamic market shifts and strategic maneuvers.
South African billionaire Ivan Glasenberg-linked Glencore cuts cobalt production targets
Despite the challenges in the production sector, Glencore experienced a positive turn in its share price, surging by 2.49 percent over the past 24 hours to £4.25 ($5.42).
Media mogul Byron Allen’s $30-billion bid shakes up Paramount Global ownership
The proposal, which marks Allen’s latest play to bolster his media holdings, is expected to be financed through a combination of secured and unsecured senior debt and equity.
Companies owned by Black executive and steel tycoon Kirk Lewis
As the driving force behind Blue Springs Metals, Georgetown Metal Processing, and Madison Metal Processing, Lewis showcases his financial acumen, strategic prowess, and commitment to community development.
Egypt’s Khamis family gains nearly $55 million from Oriental Weavers stake
The Khamis family, one of Egypt’s wealthiest families, presently holds a majority stake in Oriental Weavers, a leading carpet manufacturer with a global presence.
French billionaire Vincent Bollore’s firm makes $2.5-billion bid for DStv owner
Bollore, whose wealth stems from his interests in Bollore Group, has witnessed a notable increase in his net worth, amounting to $99.1 million thus far in the year.
Lewis Hamilton set to join Ferrari — $449-million richer from Mercedes career
Having been linked to Ferrari multiple times throughout his F1 career, Hamilton’s anticipated move to the Italian team marks a significant chapter in his racing journey.
Egyptian billionaire Ghabbour family loses $32 million in 10 days
Presently, the Ghabbour family holds a 62.9-percent stake in GB Corp, solidifying their status as prominent investors on the Egyptian Exchange.
Companies owned by South African-born Canadian billionaire Jack Cockwell
From his role in the growth of Brookfield Asset Management to positions in Rogers Communications and Partners Limited, Cockwell’s influence extends across industries.