Dangote’s throne as ‘richest Black person’ under threat as American billionaire keeps pace
The wealth gap between Aliko Dangote and Robert F. Smith has significantly decreased, raising the stakes in this high-profile competition.
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Tanzanian billionaire Mohammed Dewji wins Industrialist of the Year Award
Dewji was named “Industrialist of the Year” at the All Africa Business Leaders Awards annual gala in South Africa on Friday.
The 10 most expensive homes in South Africa for sale
From the iconic Sandhurst to the exclusive suburbs of Bantry Bay and Clifton, these are the 10 most expensive homes for sale in South Africa in June 2023.
IBM to invest up to $5 billion in firm linked to America’s richest Black billionaire
Vista Equity Partners has established itself as a dominant force in the technology sector.
Cosmetics billionaire Rihanna steps down as CEO of Savage X Fenty, Hillary Super named new CEO
With Rihanna’s transition and the appointment of Hillary Super as CEO, Savage X Fenty is positioned for continued growth and success.
Nigerian tycoon Abdul Samad Rabiu falls out of Bloomberg Billionaires Index
Rabiu is no longer ranked on the Bloomberg Billionaires Index of the 500 richest people in the world.
Nigerian billionaire Aliko Dangote’s net worth dips below $10 billion
The net worth of Nigerian billionaire Aliko Dangote has dipped below the $10-billion mark, according to Forbes.
South African billionaire Ivan Glasenberg rakes in $310 million in just two weeks
This notable increase in Ivan Glasenberg’s net worth can be directly attributed to the recent performance of his 9 percent stake in Glencore.
Black billionaire Michael Lee-Chin faces $100-million loss this year
According to Forbes, Lee-Chin’s net worth now stands at $1.4 billion, compared to $1.5 billion at the start of the year.
Ghanaian billionaire Kevin Okyere secures $750-million loan to pump oil
Okyere is the founder of Springfield Group, one of Ghana’s few locally-owned oil exploration companies.
Africa’s richest man Johann Rupert slips by $200 million after surpassing Dangote
As a result of the $200-million dip, Rupert’s net worth slumped from $12 billion on June 16 to $11.8 billion at the time of writing.
London-based Nigerian restaurateurs smile as Beyonce donates $1 million to 10 businesses
Beyonce’s recent act of generosity follows closely after a significant milestone in her financial journey.
Billionaire Gbenga Agboola’s Flutterwave and Audiomack join forces to empower artists with monetization opportunities
Agboola’s visionary leadership has propelled Flutterwave to the forefront of the African tech ecosystem.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods sustains efforts to make rice affordable
BUA Foods, under Rabiu, has maintained its dominant position in the Nigerian economy.
South African mogul Noluthando Gosa suffers $25-million loss from ArcelorMittal stake
Gosa derives the majority of her fortune from a well-diversified portfolio that includes a 6.15-percent stake in ArcelorMittal SA.
Egyptian tycoon Medhat Khalil’s Raya Foods considers offers to boost capital by $11.3 million
Raya Foods is a subsidiary of Raya Holdings, the investment group founded by Khalil.