Top Black CEO Marvin Ellison suffers $8.1-million loss from investment in Lowe’s
Ellison is recognized as one of the world’s highest-ranking Black CEOs on the Fortune 500 list.
Hot News
Tunisian tycoon Abdelwaheb Ben Ayed loses $1.3 million from Poulina stake
Ben Ayed owns a 3.4-percent stake in Poulina Group, making him one of the richest investors on the Tunis Stock Exchange.
Greek tycoon John Coumantaros’ Flour Mills pays $842 million to Nigerian suppliers
Coumantaros, a Greek business magnate, is one of the wealthiest industrialists on the Nigerian Exchange, owning a 63.34-percent stake in Flour Mills of Nigeria.
South African tech tycoon Zak Calisto gains $87 million from Karooooo stake
Calisto, who founded Karooooo in 2001 to provide stolen car recovery services in South Africa, holds a 74.73-percent stake in the company.
5 companies owned by Nelly
Billionaires.Africa turns the spotlight on five companies directly owned by Nelly, revealing the vast empire that bolsters his net worth.
Egyptian businessman Hani Berzi’s Edita to pay out $9.7 million in dividends
Berzi owns a significant stake of 41.95 percent in Edita Food Industries through Quantum Invest BV.
Billionaire Royal Family of Morocco gains $242 million from Attijariwafa Bank
Through Al Mada, his royal family office, King Mohammed VI of Morocco lays claim to the largest fortune by any Moroccan on the Casablanca Stock Exchange.
Egypt’s second-richest man Naguib Sawiris targets $7-billion Reko Diq mine
With a net worth of $5.61 billion, Sawiris ranks as Egypt’s second-richest individual.
Patrice Motsepe and Johann Rupert unite to elevate Boland Rugby’s prospects
Motsepe and Rupert, the majority shareholders of the Pretoria-based Blue Bulls Company, recently acquired a 74-percent stake in Boland Rugby Union.
4 businesses owned by Ludacris
Champaign, Illinois-born rapper Ludacris owns a record label, a highly-rated restaurant, and a cognac brand among other things.
Beyonce earned $145 million from Renaissance Tour during the Summer — Forbes
Beyonce smiled to the bank as her Renaissance Tour grossed $460 million during the summer, and earned her $145 million.
5 companies linked to South African businessman Nkululeko Sowazi
With his extensive knowledge and strong leadership, Sowazi has solidified his position as a prominent figure in the business world.
5 companies owned by Timbaland
Timbaland’s business ventures reflect his genius, both within and beyond the music industry.
Africa’s richest man Aliko Dangote’s sugar firm to boost production to 1.5 million tonnes
Dangote Sugar Refinery currently boasts a refining capacity of 1.44 million metric tonnes, making it Nigeria’s largest household and commercial sugar producer.
South African billionaire Christo Wiese sells Shoprite shares worth $49.4 million
Wiese, through Titan Fincap, a subsidiary controlled by his investment vehicle, Titan Premier Investments, sold 3.83 million ordinary shares in Shoprite.
4 businesses owned by Lizzo
Lizzo owns Yitty, a shapewear brand as a record label, touring company and a stake in Hydrow, a maker of at-home rowing machines.