Black executive Shundrawn Thomas earns $8.9-million salary from Northern Trust
The accomplished corporate executive received a long-term incentive award of $8.56 million, highlighting his dedication and expertise during his over 18 years of tenure.
Billionaires Africa
South African accountant Terence Nombembe assumes director role at Nedbank
Nombembe’s appointment comes at a pivotal juncture for the South African banking sector, grappling with challenges posed by rising inflation and economic uncertainty.
Black CEO Alfred Liggins earns $7.7-million salary from Urban One in 2022
Liggins — the only child of Cathy Hughes, the founder of Urban One — received a compensation package comprising a base salary of $1.25 million.
Burkinabe tycoon Idrissa Nassa’s Coris Bank to acquire Standard Chartered’s Cote d’Ivoire unit
Coris Bank International as established itself as a pivotal player in the West African financial services sector.
Kenyan tycoon James Mwangi suffers $2.1-million loss from Equity Group stake
Mwangi owns a 3.38-percent stake in Equity Group, or 127,809,180 ordinary shares.
Beyonce’s net worth jumps $350 million with creative exploits and historic tour
A key contributor to Beyonce’s financial success is attributed to her recently concluded Renaissance World Tour, which brought in $100 million (post-tax).
6 companies owned by South African real estate tycoon Steven Herring
With decades of experience and a portfolio exceeding $160 million, Herring ranks as one of the leading figures on the African business scene.
Black executive Jason Tyler earns $4.4-million salary from Northern Trust
Beyond his executive and leadership roles at Northern Trust, Tyler owns a minority 0.02-percent stake in the financial services company.
Egyptian billionaire Ghabbour family gains $49 million in 22 days
This impressive financial gain further solidifies the Ghabbour family’s position as one of the richest investors on the Egyptian Exchange.
Nigerian banker Herbert Wigwe-led Access Bank ventures into Hong Kong market
Wigwe highlighted the significance of Access Holdings’ presence in the Hong Kong market, emphasizing its potential to boost cross-continental trade.
Moroccan billionaire Othman Benjelloun suffers $53-million loss from Bank of Africa stake
Benjelloun, who ranks as Morocco’s second-richest individual, owns a significant 27.41-percent stake in Bank of Africa.
Nigerian billionaire Aliko Dangote sees wealth surge by $400 million, cements status as Africa’s richest
Dangote’s net worth has risen from $15.8 billion on Dec. 1 to $16.2 billion — the recent uptick has narrowed his year-to-date wealth losses to $2.49 billion.
Indian billionaire Sunil Mittal’s firm spends $115 million to increase interest in Airtel Africa
Mittal, the chairman of Bharti Airtel, has cemented his position as one of the world’s wealthiest individuals, with a net worth of $15.4 billion.
Kenyan tycoon Peter Njonjo takes timeout amid operational turmoil at Twiga Foods
Njonjo, in his remarks, mentioned that he would be focusing on personal matters during his leave.
Leading Black executive Roz Brewer earns $14.1-million salary from Walgreens
Examining the nuances of Brewer’s 2023 compensation, highlighting an 18.24-percent decrease following her departure from Walgreens in September.
This Week In Review: A Snapshot of African Wealth Dynamics — Fortune of Swazi Legend Natie Kirsh On The Rise (Dec. 11 to 15)
A concise look at the most significant events in African wealth dynamics over the past week.