Ethiopia’s richest man Mohammed Al-Amoudi gained $3.59 billion in 2023
The $3.6-billion surge in Al-Amoudi’s fortune represents a daily average gain of $10 million throughout the year.
Billionaires Africa
Michael Jordan made $1.8 billion in 2023 thanks to Hornets sale
The primary driver behind the substantial increase in Jordan’s wealth was the sale of his controlling stake in the Charlotte Hornets, a professional basketball team.
Nigeria’s second-richest man Abdul Samad Rabiu lost $1.8 billion in 2023
Starting 2023 with a net worth of $7.5 billion, Rabiu faced a $1.8-billion wealth decline due to the Central Bank’s implementation of a free float policy.
South Africa’s richest man Johann Rupert rebounds strongly, gains $1.49 billion in 2023
The surge in Rupert’s fortune not only cements his position as one of Africa’s richest billionaires but also propels him to the top of South Africa’s wealth hierarchy.
David Steward soars past peers as Black billionaire with biggest wealth gain in 2023
The secret behind Steward’s financial success in 2023 lies in his stake in WWT, a closely held tech behemoth specializing in information services and hardware.
Billionaire Michael Lee-Chin’s firm snags $100 million for Caribbean business boost
Lee-Chin’s vision for Portland Caribbean Fund III sets a transformative course for sustainable growth in the Caribbean.
Africa’s first Black billionaire Patrice Motsepe lost $600 million in 2023
The decline in his net worth is closely tied to the sustained downturn in the market value of his 40.37-percent stake in African Rainbow Minerals (ARM).
7 companies linked to late Mauritian tycoon Pierre Guy Noel
Explore his influential connections to seven key companies, ranging from MCB Capital Markets to the Blue Penny Museum.
Moroccan tycoon Lamia Tazi gains $3 million from Sothema stake in 32 days
Tazi, the chairperson of Sothema and one of the wealthiest investors on the Casablanca bourse owns an 8.4-percent stake in the leading healthcare group.
6 companies owned by Zimbabwean businessman John Moxon
From retail and agriculture to hospitality and security, Moxon’s strategic leadership has shaped a conglomerate with a century-long history.
South African billionaire Saltzman family gains $131.2 million in 65 days
Lynette and Ivan Saltzman own a beneficial 35.12-percent stake in the Gauteng-based Dis-Chem Pharmacies.
Malagasy tycoon Hassanein Hiridjee’s AXIAN Telecom secures 5G license for Free in Senegal
The development follows AXIAN Telecom’s strategic move in July 2023, where the company, led by Hiridjee, increased its stake in Free in Senegal to 80 percent.
Egyptian billionaire El-Sewedy family’s inks $300-million deal for agricultural food complex
This latest venture with MAFI comes shortly after Elsewedy Electric announced plans to launch a multimillion-dollar industrial city project in Tanzania.
South African billionaire Patrick Soon-Shiong’s net worth soars above $10 billion
Soon-Shiong’s financial resurgence throughout this year highlights his business skills and significant influence in healthcare and biotechnology.
Hitesh Anadkat, one of Malawi’s richest men, gains $9.7 million in 43 days
Anadkat holds an impressive 35.51-percent stake in FMB Capital Holdings.
Simone Biles shines as world’s greatest gymnast, banking $7.1 million in 2023
At the world championships in Belgium, Biles won gold in the all-around competition, making her the most decorated gymnast, male or female.