Johann Rupert’s Richemont gains approval to sell YNAP to Mytheresa
The deal, executed through Richemont’s subsidiary Richemont Italia Holding S.P.A., is set to close on Apr. 23, 2025.
Billionaires Africa
Elon Musk’s Starlink gains ground in Lesotho and Somalia
The move comes as countries across the continent ramp up efforts to improve digital connectivity and attract foreign investment.
Adrian Gore’s Discovery stake declines by nearly $40 million
In the past two weeks, Adrian Gore's stake has dropped by R753.34 million ($39.83 million) as Discovery's shares slide on the JSE.
Tyler Perry ranks as world’s richest actor with $1.4 billion
Since 2021, Tyler Perry has added $400 million to his wealth through deals with Netflix, Amazon Studios, and BET.
Aigboje Aig-Imoukhuede-led Access Holdings seals Kenyan bank acquisition
Access Holdings, led by Aigboje Aig-Imoukhuede, finalizes the acquisition of the National Bank of Kenya, boosting its East African footprint and market reach.
Johann Rupert gains $1.3 billion following US tariff pause
His stake in Richemont benefited from a 5% surge in shares following President Trump’s announcement of a three-month tariff pause, excluding China.
Mansour family firm plans $150 million automotive factories in Egypt
Mansour Group to invest $150 million in two Egypt factories to boost local auto production and expand the country’s industrial footprint.
Cape Town, Marrakesh, Nairobi stand out as Africa’s ultra-rich hubs
A new class of centimillionaires (people with $100 million or more in investable assets) is not just growing in number but also in presence.
NCBA, backed by Kenya’s richest families, fined by regulator
NCBA, partly owned by some of Kenya’s wealthiest families, has been fined for mishandling customer data, as regulators tighten enforcement of privacy laws.
Hisham Talaat Moustafa’s stake falls by $110 million in 26 days
The setback comes on the heels of a more positive period earlier this year, when his stake grew by $54.87 million.
Wale Tinubu’s Oando faces sabotage attacks on newly acquired pipelines
Oando Plc, one of Nigeria’s leading oil companies, said three separate incidents were recorded over the past week.
Mary Vilakazi-led FirstRand plans bank for Ghana’s super-rich
FirstRand sharpens its private banking focus in Ghana and beyond as Africa’s millionaire class expands.
Merali family's Sameer Africa posts highest profit in 11 years
This marks a 460% jump from last year, driven by forex gains and lower finance costs after clearing all debts.
Stephen Saad’s stake in Aspen slips below $450 million
South African pharma tycoon Stephen Saad’s stake in Aspen Pharmacare drops to $434.35 million, losing $62.85 million in 15 days.
Hassanein Hiridjee's AXIAN Telecom secures $100 million for expansion
AXIAN Telecom has secured $100 million from EIB Global to expand 4G and 5G in Madagascar and Tanzania, enhancing digital access and inclusion.
Namibia’s top 7 richest people in 2025
Namibia's richest, including Frans Indongo and Koos Brandt, fuel economic growth through diversified investments.