Nigerian billionaire Femi Otedola makes $171 million in 72 hours
Otedola’s stake in Geregu Power is now worth $1.15 billion, further solidifying his status as one of the continent’s most affluent businessmen.
Billionaires Africa
Patrice Motsepe’s ARM faces $1.6 billion market cap wipeout as challenges mount
Patrice Motsepe’s wealth takes a significant $1 billion hit due to the sustained downturn in the market value of his 40.37-percent stake in ARM.
Bank led by Nigerian tycoon Herbert Wigwe posts over $320 million in profit in 9M 2023
Access Holdings sees key growth and expansion with Wigwe at the helm.
IEA forecasts Aliko Dangote’s refinery to fuel decade-long surge in African oil demand
Reports had indicated that Aliko Dangote was nearing a significant milestone as the Dangote Oil Refinery prepared to receive its first crude oil cargo in October.
South African billionaire Jannie Mouton faces $43-million loss from Capitec stake
South African billionaire Jannie Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen.
4,095 South African jobs at risk as Neal Froneman-led Sibanye unveils restructuring plan
Sibanye-Stillwater has grown into a leader in the mining industry under the leadership of South African businessman Neal Froneman.
NBA superstar Giannis Antetokoumpo signs $186-million contract extension
Antetokoumpo will rake in $85.6 million in the 2023-2024 NBA season.
South African tycoon Jonathan Jawno rakes in $2.6 million in 26 days
South African businessman Jonathan Jawno’s stake in Transaction Capital is now worth $18.6 million.
South African exec Bill Blackie’s salary at Standard Bank amounts to $2.1 million
Blackie has been leading Standard Bank’s business and commercial banking unit since 2022.
Billionaire movie mogul Tyler Perry signs multimillion-dollar deal with Netflix
Perry’s latest partnership with Netflix marks a new chapter in his illustrious career, promising an exciting array of content for global audiences.
A$AP Rocky secures multi-year creative deal with sportswear giant PUMA
This collaboration will see A$AP Rocky take the helm as the creative director for a brand-new category, focusing on the intersection of high-speed racing and urban streetwear.
Firm linked to America’s second-richest Black billionaire reports $2.6 billion in profit
America’s second-richest Black individual David Steward maintains a significant investment in Centene Corporation, valued at $15.3 million.
Nigerian businessman Tony Elumelu gains nearly $20 million in 55 days from UBA
Ripple effect: UBA’s double-digit share surge impacts Nigerian businessman Tony Elumelu’s fortune.
GTCO, led by Nigerian banker Segun Agbaje, posts $480-million 9M profit
Nigerian business executive Segun Agbaje’s leadership remains a key ingredient in GTCO’s financial success in recent years.
Black executive David Rawlinson II earns $4.96-million salary from Qurate Retail
David Rawlinson II, one of the world’s highest-ranking Black CEO, has been Qurate’s chairman and CEO since 2021.
Tunisian tycoon Moncef Mzabi suffers $1.2-million loss from ARTES stake
Mzabi owns 24.8 percent of the company, which translates into 9,370,387 ordinary shares.