Nigeria’s second-richest man Abdul Samad Rabiu’s gains $1.2 billion in 45 days
Rabiu’s fortune has taken a remarkable turn, with his net worth bouncing back by more than $1 billion.
Billionaires Africa
Shoprite, linked to South African billionaire Christo Wiese, sees profits soar to $308 million
Wiese, an influential figure in the retail sector, holds an 11.58-percent stake in Shoprite, valued at over $900 million.
Firm linked to Kenyan tycoon Chris Kirubi’s heirs to secure $20-million loan from IFC
Centum Real Estate (Centum RE) is a property developer linked to Robert Kirubi and Mary-Ann Musangi, heirs to the late tycoon Chris Kirubi’s business empire.
South African tycoon Neal Froneman earns $10-million salary from Sibanye-Stillwater
Froneman, a highly respected executive within the mining industry, has played a pivotal role in the transformation of Sibanye-Stillwater.
12 inspirational quotes from the late South African tycoon Raymond Ackerman
Billionaires.Africa remembers Ackerman by recalling some of his most enduring quotes about leadership, entrepreneurship and humanity.
10 companies owned by Will Smith
Smith is one of the most successful actors of his generation, grossing in excess of $4 billion for his movies.
19-year-old star Coco Gauff wins first Grand Slam title, raking in $3-million prize
Gauff is set to cement her position again as one of the world’s highest-paid tennis players and top-earning individuals.
Egyptian tycoon Hend El-Sherbini hit by $25-million loss in IDH investment
El-Sherbini remains one of Egypt’s richest businesswomen and one of the top investors on the Egyptian Stock Exchange.
U.S. billionaire Jeff Bezos pledges $22.8 million to land restoration efforts in Africa
This move by Bezos and The Bezos Earth Fund follows their announcement in October 2022, outlining plans to collaborate with African and European nations.
Botswana tycoon Farouk Ismail faces $3-million loss from Choppies stake
The market value of Ismail’s shares in Choppies has taken a sharp hit, plummeting by BWP41.13 million ($2.99 million) since Aug. 16.
7 companies the late South African tycoon Raymond Ackerman owned
Ackerman’s influence extended far beyond his retail empire. He passed away at the age of 92, leaving behind a lasting imprint.
Racism claim: Billionaire mogul Sean ‘Diddy’ Combs floors Diageo in court
Throughout his association with Diageo, Combs is reported to have earned nearly $1 billion.
10 businesses Magic Johnson has owned
Through Magic Johnson Enterprises (M.J.E.), Johnson has had investments in insurance, healthcare, food services, staffing, and sports.
South African tech tycoon Zak Calisto gains nearly $35 million in 18 days
The recent surge in Calisto’s stake is noteworthy, considering he suffered a substantial loss of $18.71 million between Aug. 1 and 21.
Nigerian billionaire Olugbenga Agboola’s Flutterwave expands reach to India
Agboola believes this expansion will usher in an era of smoother financial transactions between the two regions.
Namibian tycoon Quinton van Rooyen plans to convert $73-million loan into Trustco shares
Van Rooyen, through Next Capital, has proposed a financial maneuver to bolster Trustco Group’s financial stability.