Johann Rupert’s Richemont posts record earnings, with profit exceeding $2.1 billion
The group’s financial performance in the first half of 2023 builds on previous results.
Billionaires Africa
Wealthy Kenyatta family gains $11.6 million from stake in NCBA since start of 2022
The Kenyatta family owns a 13.2-percent stake in NCBA Group.
26-year-old Nigerian entrepreneur becomes youngest Black woman to raise $10 million
Olowe is a serial entrepreneur who recently graduated from UCLA.
South African tycoon Jonathan Jawno gains $20 million from stake in Transactional Capital
Jawno owns a significant 9.59-percent stake in the investment holding.
Nairobi-based tycoon Kamal Budhabatti’s Little announces Naivas, Carrefour as new partners
Budhabhatti founded Little in collaboration with the telecom giant Safaricom in 2016.
South African businessman Adrian Gore gains $51.7 million in 10 days
Discovery was founded in 1992 by Gore and Barry Swartzberg.
Strive Masiyiwa’s Liquid to spend $19.7 million to set up Dataport service in Africa
Liquid Intelligent Technologies is a subsidiary of Cassava Technologies, a pan-African technology firm founded by Strive Masiyiwa.
Nigerian mogul Pascal Dozie’s stake in MTN Nigeria now worth $148 million
Dozie still owns a 1.6-percent stake in the telecom service provider.
Court cancels corruption allegations against Nigerian billionaire Benedict Peters
Peters is the founder of Aiteo Group.
Nigerian banker Herbert Wigwe acquires additional stake worth $1.5 million in Access Holding
The deal has solidified his interest in the group.
South African pharma billionaire Stephen Saad’s Aspen closes $1.26-billion credit facility
Aspen Pharmacare Holdings Limited is a South African multinational pharmaceutical holding company.
Egyptian businessman Samih Sawiris on verge of losing ‘billionaire’ status
The Egyptian billionaire has seen a steady decline in his wealth since 2008.
American billionaire Jay-Z meets Jeff Bezos in LA amid plans to acquire NFL team
Bezos is the world’s fourth-richest billionaire, while Jay-Z is the world’s 2,085th richest man.
Fourteen of Africa’s 18 billionaires too poor to make Forbes 400 list
It now takes $6 billion to make the Forbes 400 richest list.
Nigerian telecom billionaire Mike Adenuga has now lost $1 billion since start of 2022
Adenuga is one of the world’s 500 wealthiest billionaires.