Meet four African billionaires who may no longer be billionaires by 2023
Among them is Zimbabwe’s richest man Strive Masiyiwa, the world’s 2,257th wealthiest person.
Latest News
Tyler Perry signs deal with Amazon Studios to make four new movies
At the time of writing, Perry’s net worth was estimated to be $1 billion.
African-American billionaire Robert Smith’s Vista Equity mulls acquisition of Coupa Software
Vista Equity Partners is focused on software investments.
Six Black executives leading America’s top 500 companies in 2022
In the history of the Fortune 500, there have only been 22 Black CEOs of 1,800.
African-American mogul Ye to sell off Balenciaga, Adidas, Gap hoodies for $20
Since Adidas severed ties with Ye in October, his net worth has declined by $1.6 billion.
Billionaire Robert Smith’s Vista Equity secures $11 billion in latest flagship fund
Almost all of Smith’s fortune stems from his stake in Vista Equity.
U.S. billionaire Bill Gates commits $7 billion to support health, agriculture in Africa
The Gates Foundation has distributed more than $80 billion in grants, not including the $7 billion just earmarked for Africa.
Serena Williams’ net worth increases by $20 million in 2022
Williams’ net worth has risen by $35 million since 2019.
African-American mogul Sheila Johnson’s net worth increases by $30 million
Johnson cofounded BET in 1979 and sold it to Viacom for $3 billion in 2001.
American billionaire Jay-Z meets Jeff Bezos in LA amid plans to acquire NFL team
Bezos is the world’s fourth-richest billionaire, while Jay-Z is the world’s 2,085th richest man.
Fourteen of Africa’s 18 billionaires too poor to make Forbes 400 list
It now takes $6 billion to make the Forbes 400 richest list.
French businessmen Jeremy Hodara, Sacha Poignonnec step down as co-CEOs of Jumia
Jumia is Africa’s leading e-commerce platform.
Latest U.S. Black billionaire Sean ‘Diddy’ Combs splashes $185 million to acquire cannabis ventures
The African-American tycoon became a billionaire a day after Ye lost his billionaire status.
Ye’s net worth slumps by $1.6 billion to $400 million in days
Ye’s $400-million fortune is made up of real estate, cash, a music catalog, and a five-percent stake in Skims.
U.S. billionaire Jeff Bezos’ cloud computing business AWS opens first office in Nigeria
AWS is a subsidiary of Amazon.com.
The ‘family’ in family business
Simply put, one of the keys to the success of a big business and the most integral part of the business is the family.