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.
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Nigerian telecom billionaire Mike Adenuga has now lost $1 billion since start of 2022
Adenuga is one of the world’s 500 wealthiest billionaires.
South African tycoon Laurie Dippenaar gains $48 million in 27 days from stake in FirstRand
Dippenaar holds a 1.76-percent stake in FirstRand.
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.
Nigerian banker Herbert Wigwe acquires another 45 million shares in Access Holdings
Access Holdings is Nigeria’s largest financial services group by assets.
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.
South African retail tycoon Ackerman family gains $20 million in 15 days from Pick ‘n Pay
Pick ‘n Pay operates more than 2,000 stores across eight African countries.
Mauritian tycoon Arnaud Lagesse’s IBL rebounds after two difficult years
Lagesse and his siblings own a 16.8-percent joint stake in IBL Group, or 114,369,469 shares.
Kenyan billionaire families Moi, Rai secure court pardon in $8.2-million land battle
The Moi family is said to be Kenya’s second-largest landowner after the Kenyattas.
Nigerian billionaire Femi Otedola celebrates 60th birthday on $750,000-a-week yacht owned by Aristotle Onassis
Otedola is one of Nigeria’s richest men.
Angolan gov’t takes ownership of Unitel S.A. from billionaire businesswoman Isabel dos Santos
Dos Santos was once considered Africa’s wealthiest woman.
U.S. billionaire Jeff Bezos’ cloud computing business AWS opens first office in Nigeria
AWS is a subsidiary of Amazon.com.
Egyptian mogul Hend El-Sherbini’s IDH to launch diagnostic venture in Saudi Arabia
IDH is a major consumer healthcare group in the Middle East and Africa.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $168.4 million in profit in 9M 2022
Rabiu derives the majority of his fortune from his 92-percent stake in BUA Cement.
Nigerian billionaire Mike Adenuga receives $3.1 million in dividends from oil company
Adenuga owns 74.4 percent of Conoil.