Sibanye, under South African mogul Neal Froneman, loses over half its value in 2023
South African multinational precious metal mining group, under the leadership of CEO Neal Froneman, has witnessed a dramatic decline in its share value.
Billionaires Africa
Nigerian billionaire Femi Otedola sells $6.4 million worth of Geregu Power shares
This move by Otedola reduced his stake in Geregu Power from 95.56 percent to a slightly smaller but still substantial 95.38 percent.
Aicha Evans: Senegalese-American executive who led the $1.3-billion acquisition of Zoox by Amazon
Evans’ journey, from Senegal to Paris, and from CEO to the visionary behind a billion-dollar deal, is a testament to the limitless possibilities of ambition.
4 businesses owned by LL Cool J
LL Cool J owns a consumer content brand and record label among other ventures.
5 businesses owned by Jamie Foxx
Foxx, the Texas-born musician and actor is a successful businessman in his own right with a few businesses in his kitty.
Egyptian billionaire Yasseen Mansour rakes in $4.4 million from real estate firm
Mansour owns a substantial 6.87-percent stake, which translates to 202,291,698 ordinary shares in the Cairo-based real estate firm.
South African tycoon Adrian Gore gains $21 million from investment in Discovery
As the founder of the leading financial services group, Gore owns a 12.96-percent stake in Discovery, which amounts to 87,267,598 ordinary shares.
Oprah Winfrey surges past Jay-Z on world’s richest list with $2.8-billion net worth
Forbes’ latest rankings position Winfrey as the world’s 1,057th richest person, leaving Jay-Z behind at the 1,224th spot.
Billionaire Michael Lee-Chin’s NCB set to raise $180 million from investors
NCB is majority-owned by Jamaican-Canadian billionaire Michael Lee-Chin, a top figure among the world’s Black billionaires.
Fani Titi, one of Africa’s leading executives, urges South Africans to ditch ‘useless’ politicians
Titi also acknowledged reasons for hope, highlighting a growing awareness of the urgent need for action to address South Africa’s challenges.
Egypt’s second-richest man Naguib Sawiris’ net worth falls below $5.5 billion
Naguib Sawiris has seen his wealth figures slump by $350 million over the past 49 days, translating to an average loss of $7.14 million per day since Sept. 13.
5 companies linked to South African businesswoman Noluthando Gosa
Gosa owns a substantial 6.15-percent stake in ArcelorMittal South Africa, a Gauteng-based steelmaker.
South African exec Terence Sibiya earns $1.1-million salary from Nedbank in 2022
Sibiya was appointed Nedbank’s managing executive for the rest of Africa in 2018, and, in 2020, he joined the group executive committee.
Blackstone and firm led by America’s richest Black billionaire join forces to acquire Energy Exemplar
Vista Equity Partners, under the leadership of Smith, has rapidly become a dominant force in the technology sector since its establishment in 2000.
Kenyan tycoon Suresh Bhagwanji Shah loses $1.8 million from I&M Bank stake
Shah is credited with transforming I&M into one of East Africa’s leading banking groups.
South African tycoon Jens Montanana suffers $6.4-million loss from Datatec stake
Montanana maintains his status as one of the wealthiest investors on the Johannesburg Stock Exchange.