5 companies owned by Timbaland
Timbaland’s business ventures reflect his genius, both within and beyond the music industry.
Billionaires Africa
Africa’s richest man Aliko Dangote’s sugar firm to boost production to 1.5 million tonnes
Dangote Sugar Refinery currently boasts a refining capacity of 1.44 million metric tonnes, making it Nigeria’s largest household and commercial sugar producer.
South African billionaire Christo Wiese sells Shoprite shares worth $49.4 million
Wiese, through Titan Fincap, a subsidiary controlled by his investment vehicle, Titan Premier Investments, sold 3.83 million ordinary shares in Shoprite.
4 businesses owned by Lizzo
Lizzo owns Yitty, a shapewear brand as a record label, touring company and a stake in Hydrow, a maker of at-home rowing machines.
South African tycoon Zak Calisto’s Karooooo abandons second-hand vehicles business
Karooooo, which Calisto controls, owns Carzuka, a leading digital marketplace for used vehicles.
South African billionaire Michiel Le Roux loses $55 million in just 4 days
Le Roux owns an 11.39-percent stake in Capitec Bank.
Nigerian billionaire Abdul Samad Rabiu donates $2.5 million to reconstruct mosque
Rabiu, Nigeria’s second richest man, is a devoted muslim and one of Africa’s most generous philanthropists.
Botswana tycoon Farouk Ismail gains $3 million from Choppies stake
This surge has solidified Farouk Ismail’s standing as one of Botswana’s most affluent businessmen.
5 businesses owned by Akon
Akon owns a record label, clothing line and a cryptocurrency project among other ventures.
South Africa’s richest man Johann Rupert loses $3.7 billion in three months
Data from the Bloomberg Billionaires Index reveals that Rupert’s net worth slumped from $14.4 billion on July 16 to $10.7 billion.
South African-born billionaire Patrick Soon-Shiong gains $220 million
At the time of drafting this report, Soon-Shiong held the 257th position on the global list of the richest individuals.
Nigerian businessman Tony Elumelu rakes in $12 million in 31 days from UBA
Elumelu owns a 7.39-percent stake in UBA, equivalent to 2,527,372,285 ordinary shares in the leading lender.
Zambian banker Saviour Chibiya’s salary at Absa tops $1 million
Chibiya’s leadership and contributions to Absa Group’s success testify to his position in the financial services sector.
Kenyan investment banker Jimnah Mbaru loses $1 million in 38 days
As a non-executive director on Britam’s board, Mbaru holds a beneficial stake of 5.15 percent, comprising 130,000,000 shares in the company.
5 companies linked to South African businessman Mteto Nyati
In the South African business landscape, Nyati stands tall as a prominent figure, leaving an indelible mark on the corporate landscape.
Nigerian oil tycoon Omamofe Boyo’s stake in Oando declines by $17.5 million
Boyo’s stake in Oando is held through his 33.33-percent position in Ocean and Oil Development Partners.