Mellody Hobson’s triumph: From poverty’s shadow to becoming a financial luminary
Hobson’s journey from financial hardship to leading a top investment firm exemplifies resilience, skill, and commitment to diversity.
Billionaires Africa
South African tycoon Des de Beer moves $16.4 million in Lighthouse shares to private firm
This signifies an internal restructuring within the Des de Beer family’s investment portfolio, leaving his indirect beneficial interest in Lighthouse unchanged.
America’s second-richest Black billionaire David Steward gains $480 million in 24 days
According to the Bloomberg Billionaires Index, Steward’s fortune increased by $480 million over the past 24 days.
Black executive Deborah Telman earns $4.8-million salary from Gilead Sciences
Examining her $4.8-million compensation, which includes a $0.38-million base salary, a $1.2-million short-term incentive, and a $2-million long-term incentive.
South Africa’s richest man Johann Rupert gains $400 million in 9 days
With his latest net worth increase, Rupert has cemented his status as South Africa’s richest individual, maintaining his edge over Nicky Oppenheimer.
Selorm Adadevoh becomes second Ghanaian top executive in African telecom giant, MTN Group
Effective April 1, 2024, Adadevoh will assume his new role in Johannesburg and will be responsible for leading commercial strategy and the group’s operations.
5 companies owned by Black executive Robin Washington
As one of America’s leading executives, she navigates a strategic investment portfolio, leaving an indelible mark on companies like Salesforce, Alphabet, Honeywell, and more
Kevin Hart: From shoe salesman to comedy mogul and entrepreneurial maverick
Hart, once a shoe salesman, overcame adversity to become a celebrated, high-earning comedian and enterpreneur, blending humor with resilience.
Royal family of Morocco loses $119 million from stake in Attijariwafa Bank
Members of Morocco’s Alaouite royal family own a 46.5-percent stake in the financial services group through Societe Nationale d’Investissement.
Otedola becomes second Nigerian billionaire with stakes in two companies worth over 1 trillion naira
With his strategic investments and relentless pursuit of excellence, Otedola continues to make significant contributions to the Nigerian economy and beyond.
Black executive Anre Williams earns $18.24-million salary from American Express in 2022
For over three decades, Williams has exhibited remarkable dedication at American Express, dating back to 1990 when he joined the group.
Ugandan tycoon Patrick Bitature and Absa Bank clash over $13.6-million loan
The growing number of legal disputes surrounding Bitature has raised concerns about his financial standing.
South African tycoon Laurie Dippenaar rakes in $15 million in just 18 days
The $15.52-million bump in the market value of Dippenaar’s stake in FirstRand further cements his position as one of South Africa’s richest businessmen.
Startup led by Nairobi-based entrepreneur secures $5-million funding from UK gov’t
BasiGo has secured $5 million in debt funding from British International Investment.
Startup led by U.S.-based Nigerian entrepreneur to acquire Tosin Eniolorunda-backed PayDay
Bitmama, led by CEO Ruth Iselema, has reportedly extended an offer of $1 million in equity in the crypto company to Payday investors.
Nigerian energy tycoon Bryant Orjiako’s stake in Seplat surges by $30 million
Orjiako, a former director of the Lagos-based energy conglomerate, holds a 6.43-percent stake in Seplat Energy.