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.
Billionaires Africa
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.
Koos Bekker's Prosus backs Rain’s $75 million funding round
Under South African billionaire Koos Bekker, Prosus continues its efforts to support tech solutions that address the evolving needs of workers worldwide.
Laurence Rapp-led Vukile acquires mall in Portugal for $72 million
Vukile Property Fund expands its Iberian retail portfolio with a $72.2 million acquisition of Forum Madeira, strengthening its foothold in Portugal’s tourism sector.
Johann Rupert gains $1.1 billion in just 24 hours
South Africa’s richest man, Johann Rupert’s net worth, surged by $1.1 billion in less than 24 hours, reaching $14.3 billion.
Rob Hersov backs U.S. aid cuts to South Africa
South African billionaire Rob Hersov backs U.S. aid cuts to South Africa, calls for more sanctions against ANC.
Wema Bank, backed by Adebutu, launches $93.7 million rights issue
Wema Bank, backed by Kessington Adebutu, launches $93.7 million rights issue to boost capital and meet CBN's 2026 recapitalization deadline.