Nigerian billionaire Aliko Dangote gains over $100 million in first week of 2024
The surge is credited to the robust performance of his diversified investment portfolio on the Nigerian Exchange (NGX).
Billionaires Africa
Kenyan tycoon Peter Njonjo resigns from Twiga Foods board after extended leave
Njonjo has officially resigned from the board of the leading agritech firm, marking the end of an era.
Hitesh Anadkat, one of Malawi’s richest men, rakes in $105 million in 2023
Anadkat holds a 35.51-percent stake in FMB Capital, or 872,924,575 ordinary shares.
7 companies owned by African-American businessman Billy Vickers
From reshaping the automotive landscape to fostering diversity, Vickers’ entrepreneurial journey spans three decades, influencing top companies.
South African exec Reeza Isaacs earns $1.9-million salary at Woolworths in 2023
The compensation package underscores Isaacs’ indispensable commitment and prowess as a seasoned executive in the global retail industry.
Serena Williams’ financial triumph continues with $30-million increase in 2023
Starting the year at $260 million on Jan. 1, 2023, Williams concluded 2023 with a net worth of $290 million.
5 businesses owned by ‘Avatar’ star Zoe Saldana
Saldana, now shines as an entrepreneur with Cinestar Pictures, BESE, and strategic investments.
This Week In Review: A Snapshot of African Wealth Dynamics — El-Sewedy Family On Rise, Al-Amoudi Sees Wealth Gains in 2023 (Jan. 1 to 5)
The El-Sewedy family’s stunning $775-million gain and Mohammed Al-Amoudi’s remarkable $3.59-billion surge mark the dramatic wealth shifts in Africa last year.
Kanye West’s Yeezy faces financial setback with $1 million in unpaid taxes
Yeezy Apparel, LLC, faces four active tax liens dating back three years.
South African billionaire Michiel Le Roux gains $104.5 million in 2023
Since its inception, Le Roux has played a pivotal role in shaping the landscape of the financial services industry throughout Africa.
7 companies linked to South African businesswoman Phuthi Mahanyele-Dabengwa
Taking the reins at Naspers South Africa in 2019, Mahanyele-Dabengwa, the first Black and female CEO, spearheaded the digital transformation strategy.
South African billionaire Koos Bekker records $300-million wealth loss in 2023
Navigating headwinds: Bekker’s Prosus N.V. stake takes a hit amid industry disruptions.
Kenyan tycoon James Mwangi leads Cogebanque into merger with Equity Bank Rwanda
Equity Group envisions expanding opportunities for wealth creation while upholding the highest standards of service excellence, innovation, and financial inclusion.
Kenyan Ndegwa family-linked ILAM Fahari continues NSE trading amid pending delisting
Last August, ICEA Lion Asset Management, controlled by the heirs of the late Kenyan banking magnate Philip Ndegwa, extended a buyout offer totaling $2.77 million.
Egyptian billionaire El-Sewedy family gains $775 million in 2023
In 2023, Elsewedy Electric shares on the Egyptian Exchange experienced a remarkable surge of 130.7 percent.
4 companies linked to South African tycoon Kennedy Bungane
From leading multimillion-dollar deals to steering diverse companies, Bungane’s strategic brilliance leaves an indelible mark on banking, energy, and investments.