Egyptian businessman Samih Sawiris on verge of losing ‘billionaire’ status
The Egyptian billionaire has seen a steady decline in his wealth since 2008.
Billionaires Africa
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.
French businessmen Jeremy Hodara, Sacha Poignonnec step down as co-CEOs of Jumia
Jumia is Africa’s leading e-commerce platform.
Latest U.S. Black billionaire Sean ‘Diddy’ Combs splashes $185 million to acquire cannabis ventures
The African-American tycoon became a billionaire a day after Ye lost his billionaire status.
South African tycoon Laurie Dippenaar gains $48 million in 27 days from stake in FirstRand
Dippenaar holds a 1.76-percent stake in FirstRand.
Namibian tycoon Quinton van Rooyen’s Trustco gets suspended from JSE after court loss
Trustco takes pride in investing in high-quality world-class assets.
Australian billionaire Andrew Forrest’s firm signs deal to build 300-MW fertilizer plant in Kenya
Forrest has a net worth of $16.7 billion.
Ghana’s richest stock investor Daniel Ofori loses more than $11 million from stake in GCB Bank
Ofori owns 7.49 percent of GCB Bank.
Botswana tycoon Ramachandran Ottapathu’s Choppies posts $11 million in profit as earnings soar
Choppies Enterprises was established in 1986 by Ottapathu and Farouk Ismail.
Africa’s richest billionaire Aliko Dangote gains $700 million in one week
Dangote’s net worth has rose by $700 million in the past week.
South African businessman Jens Montanana’s Datatec posts lower earnings in H1 2023
Montanana owns a significant 11.98-percent stake in the Johannesburg-based group.
Nigerian banker Herbert Wigwe acquires another 45 million shares in Access Holdings
Access Holdings is Nigeria’s largest financial services group by assets.
Egyptian billionaire Nassef Sawiris-linked Orascom begins construction of 500-MW wind farm
The billionaire Sawiris family owns 51.8 percent of Orascom Construction.
Greek mogul John Coumantaros’ Flour Mills suffers $11-million reduction in profit in H1 2023
Coumantaros controls 63.3 percent of Flour Mills through Excelsior Shipping Company Limited.