7 companies owned by Drake
Aubrey Graham, better known as Drake, isn’t just a rapper and singer; he’s a mogul whose influence stretches beyond music.
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Richest Nigerian banker Jim Ovia’s stake in Zenith Bank declines by $32 million
Ovia, a key figure in the evolution and digital transformation of Nigeria’s banking industry, founded Zenith Bank in 1990.
7 businesses owned by Lil Wayne
A consummate entrepreneur, Lil Wayne owns businesses in apparel, mobile gaming, cannabis, talent management and media.
South Africa’s richest man Johann Rupert loses another $600 million
Despite this recent setback, Rupert retains his status as South Africa’s richest man, ahead of Nicky Oppenheimer.
Botswana tycoon Gulaam Abdoola’s Turnstar Holdings reports more than $11 million in half-year revenue
Turnstar Holdings, headquartered in Gaborone, the capital city of Botswana, is a property loan stock group led by Abdoola.
South African billionaire Stephen Saad earns $2-million salary from Aspen in 2023
Apart from his executive and governance roles in Aspen Pharmacare, Saad also holds a controlling 12.5-percent stake in the company.
Pick ‘n Pay, led by South African Ackerman family, launches food waste reduction initiative
This initiative underscores the Ackerman family’s commitment to reducing food waste and promoting sustainability in South Africa’s retail landscape.
Druski joins elite ranks of top-earning creators, amasses $10 million in single year
Notably, Druski continues to serve as a Google Pixel ambassador, starring in their latest television commercial for the 2023 NBA Playoffs.
7 companies owned by Nigeria’s richest woman Folorunso Alakija
Billionaires.Africa has identified and cataloged seven companies owned by Alakija, showcasing her diverse business empire.
Ivorian tycoon Bernard Kone Dossongui ventures into cement business in Madagascar
Dossongui’s Atlantic Financial Group (AFG) is a holding company with interests in banking and insurance, agriculture, cement and flour milling.
Creating African giants: The transformative power of capital and financial investment
One of the most significant challenges facing African businesses, especially family-owned enterprises, is access to capital and financial investment.
Ethiopian billionaire Mohammed Al-Amoudi looks to sell oil refiner Preem
Preem, which Al-Amoudi controls, has more than 550 petrol stations and two refineries in Gothenburg and Lysekil,
South African exec Mary Vilakazi’s earns $1.68-million salary from FirstRand in 2022
Vilakazi’s tenacity, strategic prowess, and commitment to excellence have propelled her to the top job at FirstRand.
Namibian businessman Quinton van Rooyen rakes in $6.25 million
Van Rooyen, who owns a 63.94-percent stake in Trustco Group Holdings, ranks as one of Namibia’s wealthiest men.
Africa’s biggest lender appoints South African mogul Johan Burger as chairman
The board has expressed confidence that Burger’s appointment meets the necessary criteria for independence and competence.
World’s richest Black woman Oprah Winfrey gains $300 million in just five days
With a net worth of $2.8 billion, Winfrey remains a top figure among the world’s richest Black individuals.