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South African billionaire Michiel Le Roux loses $104 million in 38 days from Capitec stake
Le Roux is a 73-year-old South African billionaire and co-founder of Capitec Bank.
Meet the late Reginald Lewis, the first Black businessman to build a billion-dollar company
With a net worth of $400 million in 1993, Forbes listed Lewis as one of the 400 richest Americans.
Fintechs led by Ham Serunjogi, Favor Ori help Elon Musk’s Starlink in processing over $400,000
Serunjogi announced that users in Nigeria have already spent over $100,000 on their SpaceX Starlink kits using Chipper Cash Visa Cards.
Somali tycoon Abdirashid Duale sends aid to Turkey-Syria earthquake victims as death toll crosses 44,000
Duale is recognized for his charitable contributions and support of vulnerable Somalis.
Kenyan president taps steel tycoon Narendra Raval to lead national lottery taskforce
Raval was reported to have a net worth of $400 million in 2015.
Egyptian tycoon Hisham Talaat Moustafa’s group reaches milestone, garnering $72 million in profit
Moustafa’s stake in TMG Holding is worth $286.2 million.
Africa’s richest man Aliko Dangote’s wealth grows by $541 million despite Nigeria’s cash woes
Dangote’s net worth now stands at $19.2 billion.
Ten Black businesspeople in the U.S. worth knowing aside Tyler Perry, Oprah, and Rihanna
Black-owned businesses continue to thrive and deliver value to customers.
South African billionaire Patrice Motsepe’s net worth slumps by $400 million
Motsepe owns 39.7 percent of ARM.
Egyptian billionaire Yasseen Mansour’s Palm Hills closes $20.9 Million bond offering
Mansour holds a significant 5.22-percent stake in Palm Hills Developments.
Nigerian billionaire Mike Adenuga’s firm ventures into cashew business, secures $65.3 million
Adenuga holds a 25.1-percent stake in Julius Berger through his company Goldstones Estates Limited.
Nigerian entrepreneur Dozy Mmobuosi sued for unpaid debts in U.S., UK
Mmobuosi is the founder of Tingo Inc.
Moroccan businesswoman Lamia Tazi gains $10.5 million in two weeks from Sothema shares
Tazi owns a significant 8.4-percent stake in Sothema.
South Africa’s richest man Johann Rupert has gained $1.69 billion so far this year
Rupert derives most of his wealth from his 9.14-percent stake in Richemont.
Tyler Perry steps up to save Atlanta residents from rising real estate taxes with $2.75-million donation
Perry earned $175 million last year.