South African tycoon Jens Montanana loses $4.5 million from Datatec stake
Montanana’s significant shareholding continues to position him as one of the wealthiest investors on the Johannesburg Stock Exchange.
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Egypt’s billionaire El-Sewedy family loses $677 million as Egyptian pound tumbles
Despite this financial setback of $677 million, the El-Sewedy family maintains their position as one of Egypt’s leading billionaire families.
Cummins linked to Black executive Sharon Barner to invest $1 billion to bolster manufacturing presence
Cummins steams ahead with strong financials and executive leadership.
Black executive Kenneth Frazier loses $6.4 million from Merck & Co. stake
As a result, the company’s market capitalization has fallen below $310 billion, leading to significant losses for shareholders, including Frazier.
Michael Jordan’s net worth soars to $3.2 billion — here’s how he did it
Jordan’s historic inclusion on the 2023 Forbes 400 list marked a significant milestone — the first time a professional athlete cracked the ranks of America’s elite billionaires.
Egyptian billionaire Yasseen Mansour loses $12 million from Palm Hills stake
Despite this setback, Mansour remains a prominent figure in the African business scene. Forbes estimates his current net worth at $1.2 billion.
Under South African business leader Sim Tshabalala, Standard Bank delivers $2.3-billion headline earnings
Under Tshabalala, the bank continues to reach significant milestones.
Aga Khan IV’s stake in Nairobi-based insurer nears $40 million
As investors renew their interest in Jubilee Holdings on the Nairobi Security Exchange, Aga Khan IV’s investment in the company continues to yield substantial gains.
South African billionaire Ivan Glasenberg’s wealth surges by $510 million in 34 days
Despite recording substantial year-to-date losses totaling $687 million, Glasenberg’s recent ascent in wealth has been notable.
South African exec Anthony Thunstrom-led TFG to strengthen presence in South African sportswear market
TFG aims to solidify its position in the burgeoning sportswear segment amidst resilient consumer demand, despite the challenges posed by the COVID-19 pandemic.
Top Black CEO Marvin Ellison’s shares in Lowe’s reaches $55 million
The recent $4.31-million surge in Ellison’s stake in Lowe’s further cements Ellison’s position as one of America’s richest Black CEOs and one of the world’s leading executives.
Adidas donates $150 million from sale of Kanye West’s Yeezy line to fight anti-Semitism
In its recently published financial results, Adidas disclosed extraordinary expenses totaling more than €340 million ($370 million), which included donations exceeding €140 million ($152 million).
Co-op Bank led by Kenyan banker Gideon Muriuki to add 15 branches in 2024 despite digital shift
As Co-op Bank embarks on its ambitious expansion journey, the institution reaffirms its commitment to serving diverse customer needs while leveraging technological innovations.
U.S.-Nigerian telecom tycoon Sam Darwish loses $4.33 million as IHS shares plunge
According to data tracked by Billionaire.Africa, the market value of Darwish’s stake in IHS Holding has plunged by $4.33 million over the past 24 days.
Nigeria’s aviation authority warns private jet owners, including billionaires, on unauthorized usage
To ensure compliance, the NCAA will deploy officials to General Aviation Terminals (GAT) and private airport wings to monitor PNCF holders’ activities closely.
One of America’s richest Black CEOs, Craig Arnold gains $13.6 million from Eaton stake
Arnold, recognized as one of America’s leading executives, holds a beneficial 0.13-percent stake in Eaton Corporation, or 517,061 shares.