Nigeria’s second-richest man Abdul Samad Rabiu gains $4.18 billion in wealth this year
With a year-to-date wealth gain of $4.18 billion, pushing his net worth to $8.27 billion, he ranks among the top 20 wealth gainers globally in January 2024.
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Nigerian billionaire Femi Otedola is $300-million richer in 28 days
The surge in Otedola’s net worth is attributed to the stellar performance of his diverse investment portfolio.
Egyptian tycoon Medhat Khalil gains nearly $23 million in just five days
The recent surge solidifies his position as one of the high-value investors on the Egyptian Exchange and one of the country’s wealthiest individuals.
Africa’s richest man Aliko Dangote secures spot among world’s biggest gainers
Overcoming naira woes and macroeconomic uncertainties, Dangote’s net worth climbs to $22 billion — a $6.9 billion surge in 2024.
Companies owned by Nigerian-born tech billionaire Tope Awotona
From revolutionizing scheduling with Calendly to empowering entrepreneurs through investments in Vonza and driving positive change with Givebutter.
Herbert Wigwe-led Access Holdings expands portfolio with pension business acquisition
According to Wigwe, the proposed acquisition will contribute positively to the growth and development of the pension industry.
Saudi doctor overtakes South African billionaire Patrick Soon-Shiong as world’s second-richest doctor
Saudi doctor Sulaiman Al Habib has now become the world’s second-richest doctor, surpassing South African billionaire Patrick Soon-Shiong.
South African tycoon Gus Attridge suffers $8-million loss from Aspen shares
Attridge, Aspen’s group chief advisor who ranks as one of South Africa’s richest businessmen, owns a 4.26-percent stake in the pharmaceutical holding company.
South African executive Mark Steyn pockets $1.5 million from Bidvest in 2023
Steyn’s 2023 compensation package is 52.85-percent higher than the previous year’s package of R18.38 million ($0.96 million).
Nigerian billionaire Mike Adenuga gains $16.3 million from Conoil shares
This swift increase underscores Adenuga’s adept strategic investments, propelling his total fortune to $7 billion and securing his position among the world’s wealthiest individuals.
South African billionaire Koos Bekker is $400 million richer in 25 days
The $400-million surge in his fortune is attributed to the performance of his investment portfolio, which includes stakes Prosus N.V. and Naspers.
South African billionaire Saltzman family sells head office in $25.5-million deal
By owning these critical assets outright, Dis-Chem aims to enhance its operational efficiency and ensure long-term strategic stability.
Ugandan businessman Patrick Bitature faces prosecution over $26-million fraud
If found guilty, the 60-year-old Ugandan businessman and his 56-year-old wife could face severe legal consequences.
Nigerian tycoon Fola Adeola’s Iwosan Investments unveils new medical facility in Lagos
Iwosan Investments is a leading healthcare investment firm committed to transforming and improving Nigeria’s healthcare landscape.
This Week In Review: A Snapshot of African Wealth Dynamics — Dewji’s $300-Million Surge, Dippenaar’s $28-Million Setback, and Dangote’s Net Worth Hits $20 Billion (Jan. 22 to 26)
Join us as we delve into the highs and lows of the continent’s top business figures in our latest review of Africa’s dynamic market shifts and strategic maneuvers.
South African exec Marthinus Visser pockets $1 million from OUTsurance in 2023
Visser saw a notable 43.68-percent increase in his 2023 compensation package compared to the R14.03 million ($0.74 million) he received in the previous fiscal year.