Zimbabwean businessman John Moxon loses $10.7 million in 19 days
Moxon owns a 10.8-percent stake in Meikles Limited, a prominent Harare-based conglomerate.
Hot News
Michael Jordan becomes first professional athlete to join America’s top 400 richest
Jordan’s billion-dollar fortune can be primarily attributed to his lucrative endorsements and business ventures.
Africa’s richest man drops off top 100 billionaires list as wealth dips below $17 billion
As of Sept. 1, Dangote’s net worth stood at $17.8 billion, but it has now plummeted to $16.7 billion.
South African tycoon Gus Attridge loses $7.2 million in 5 days from Aspen stake
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.
Oriental Weavers, led by Egyptian tycoon Yasmine Khamis, sells stake in NBK Egypt
The Khamis family, Egyptian multimillionaires, holds a majority stake of 56.58 percent in the company, which distributes its products in Oriental Weavers.
Egyptian billionaire Mohamed Mansour’s San Diego MLS team plans training center on tribal land
The campus, spanning 125,000 square feet, will feature a 50,000-square-foot advanced sports facility.
Billionaire movie mogul Tyler Perry gives boost to Bahamas’ ‘Orange Economy’
Tyler Perry is the owner of White Bay Cay, an island in the Bahamas that has a 14,000-square-foot Bali-styled mansion.
Billionaire Sean ‘Diddy’ Combs threatened racism claims for payout, Diageo claims
Diageo alleges that Sean “Diddy” Combs attempted to extort millions by threatening to label the firm as racist.
Shaquille O’Neal’s Big Chicken to open 20 outlets in Michigan
O’Neal is partnering with H&D Group Investments to open new outlets of Big Chicken across Michigan.
Nigerian billionaire Abdul Samad Rabiu’s cement company slashes cement prices
This decision comes just one month after Rabiu expressed optimism regarding the completion of two new cement factories by the year’s end.
South African billionaire Koos Bekker gains $300 million in 5 days
With his present fortune of $2.6 billion, Koos Bekker now claims the 1,317th spot on Forbes’ global list of the wealthiest individuals.
KSI joins ranks of wealthiest Black individuals as earnings soar to $24 million
KSI’s $24 million in earnings and influence have propelled him to the second position on Forbes’ recent list of top creators worldwide.
7 biggest charitable gifts of Nigerian billionaire Femi Otedola
Otedola’s charity has touched nearly every facet of Nigerian life, from health to education to religion to historic preservation.
South African banker Alan Pullinger’s salary at FirstRand amounts to $2.7 million in 2023
Pullinger’s ascent to the CEO role in 2018 came after three years as deputy CEO of FirstRand, a position he assumed in October 2015.
Khaby Lame emerges as one of 2023’s top earners, amassing $16.5 million
Lame’s claim to fame revolves around his unique comedy skits that humorously debunk overly complex “life hacks” entirely without uttering a word.
4 companies owned by Kendrick Lamar
Beyond his groundbreaking contributions to the music industry, Lamar subtly and strategically diversifies his financial portfolio.