South African tycoon Giovanni Ravazzotti to receive $5-million dividend from Italtile
Ravazzotti, a leading figure in the business landscape, owns a significant 33.88-percent stake in Italtile.
Hot News
South African-born billionaire Patrick Soon-Shiong’s net worth slumps by $770 million
Despite his recent decline in fortune, Patrick Soon-Shiong remains among the richest African billionaires.
Credit Bank, owned by Kenya’s wealthy Nyachae family, set to list on Nairobi bourse
Grace Nyachae, widow of Simeon Nyachae and a key figure in the country’s financial services industry, is a founding director of Credit Bank.
South African banker Mike Brown earns $2.3-million salary from Nedbank in 2022
Brown is the CEO of NedBank Group, one of the continent’s most valuable financial services groups.
Tiger Woods’ net worth hits $1.1 billion
Throughout his professional career, Woods has amassed a staggering $1.8 billion, a sum that includes $121 million in prize money on the PGA Tour.
Abducted Indian-Kenyan Sugar billionaire Jaswant Singh Rai released
Kenyan sugar tycoon Jaswant Singh Rai has been released two days after his abduction.
U.S. music mogul Sean ‘Diddy’ Combs donates $1 million to university
Combs is set to present Jackson State University with a $1-million gift to boost their football program.
U.S.-Nigerian telecom tycoon Sam Darwish suffers $40-million loss
Darwish holds a substantial 4.17-percent stake in IHS Holdings, amounting to 13,958,158 shares in the group.
Kenyan sugar mogul Jaswant Rai kidnapped by suspected police officers
Rai’s legal endeavors extended to business matters. In 2022, he contested the awarding of a leasing contract to the Uganda-based Sarrai Group.
South African billionaire Johann Rupert loses $1.1 billion in 23 days
Despite the latest slump in his fortune, Rupert still retains his position as South Africa’s richest man, ahead of Nicky Oppenheimer.
7 companies owned by Nigerian multimillionaire Tunde Folawiyo
Folawiyo’s impact extends beyond the Yinka Folawiyo Group. His extensive leadership journey has significantly impacted various companies.
Africa’s richest: Dangote’s grip strengthens as net worth hits $11.2 billion
Dangote’s status as the richest man in Africa has been further fortified by a noteworthy increase of $200 million within a mere span of eight days.
South African defense industry magnate Ivor Ichikowitz pledges to restore Mandela Mural in Kyiv, Ukraine
Through his foundation, Ichikowitz will pay for the restoration of the mural, which faced an act of vandalism in December 2021.
South African billionaire Patrice Motsepe’s ARM expects decline in FY23 earnings
Motsepe’s company expects to report 2023 fiscal year headline earnings of between $441 million and $495 million compared to $606 million in the 2022 financial year.
The 7 richest women on the Nigerian Stock Exchange
Billionaires.Africa presents the seven wealthiest female investors on the Nigerian Stock Exchange as at Aug. 25, 2023.
Bank owned by Kenya’s richest families posts nearly $65 million in half-year profit
NCBA Group, which resulted from a momentous merger in 2019, is partially owned by the Kenyatta, Merali, and Ndegwa families.