South African billionaire Nicky Oppenheimer hit by $120-million loss in 5 days
Despite the decrease in net worth, Oppenheimer’s fortune of $9.28 billion makes him the 235th richest man globally.
Billionaires Africa
Kanye West’s Yeezy sneakers return for second sale amid high demand
In May, Adidas announced its decision to sell off the inventory of Yeezy sneakers created in partnership with West.
Gail Kelly: South African-born exec and first female CEO of a major Australian bank
Gail Kelly’s career reached new heights when she was appointed the first female CEO of a major Australian bank, the revered St. George Bank, in 2002.
Currency fluctuation wipes $400 million from Dangote’s wealth in 24 hours
Dangote’s net worth had recently surged to $11.2 billion, putting him on the verge of reclaiming the title of Africa’s richest man.
South African businessman Adrian Gore bags $81.6 million from Discovery stake
Gore owns a 7.38-percent stake in Discovery, or 48,599,758 ordinary shares.
Nigerian businessman Pascal Dozie’s stake in MTN Nigeria surges by $8 million
The surge in the market value of Dozie’s 1.6-percent stake in MTN Group can be attributed to renewed investor interest.
Adidas rakes in $440 million in sales from Kanye West’s Yeezy sneakers
This marks the first release of the Yeezy sneakers following the termination of Adidas’ collaboration with West in October 2022.
Nigerian insurance tycoon Wole Oshin gains $3 million from Custodian stake
Oshin holds a 26.81-percent stake in Custodian Investment, or 1,576,662,503 ordinary shares.
Michael Jordan finalizes sale of Hornets stake in $3-billion deal
The deal, valued at an impressive $3 billion, marks the end of Michael Jordan’s decade-long tenure as the franchise’s chief decision-maker.
Ugandan tycoon Charles Mbire’s MTN Uganda posts more than $60-million profit in H1 2023
Holding a 3.99-percent stake in the telecom services provider, Mbire’s stake in MTN Uganda is $42 million.
Mxolisi Mgojo: South African tycoon with $4.8 million in Exxaro shares
Under Mgojo’s leadership, Exxaro Resources attained unprecedented heights.
Kenyan tycoon Suresh Bhagwanji Shah gains $1.1 million in 19 days
This $1.13-million increase solidifies Shah’s position as one of the richest investors on the Nairobi Securities Exchange.
Sean ‘Diddy’ Combs faces setback as Cannabis producers terminate $185-million deal
For Combs, this development is a setback in his ambitions to diversify and expand his business ventures, especially in the cannabis industry.
Meet Clifton R. Wharton, Jr.: First Black CEO of a Fortune 500 company
Wharton, Jr.’s story is an extraordinary tale of a man who refused to be limited by the societal constraints of his time.
Johann Rupert’s wealth slump could shake Africa’s richest ranking
The decline in Rupert’s fortune and the surge in Nigerian billionaire Aliko Dangote’s net worth set the stage for a potential shift in the rankings of Africa’s richest individuals.
Nigerian gambling magnate Adebutu’s daughter faces $1-million loss in Wema Bank stake
Abolanle Matel-Okoh, daughter and CEO of Havilah Ventures, who is also on the board of Wema Bank Plc, holds a 4.54-percent stake in Wema Bank.