Egyptian billionaire Yasseen Mansour's Palm Hills borrows $160 million to finish Cairo mega project
Two Egyptian state banks lent Palm Hills EGP 8 billion to finish its New Cairo project, days after the developer's profit fell 7%.
Real Estate
Evergrande founder Hui Ka Yan, once China's richest man, sentenced to life in prison
Hui Ka Yan, the founder of Evergrande and once China's richest man, has been sentenced to life in prison for fraud and bribery.
Billionaire Mark Zuckerberg and Priscilla Chan reportedly buy an Irish castle
Mark Zuckerberg and his wife Priscilla Chan have reportedly bought Strancally Castle in County Waterford, a Gothic-revival mansion set on a 440-acre riverside estate.
Ugandan tycoon Patrick Bitature ordered to pay $256,136 in consultancy dispute
A Ugandan court has ordered tycoon Patrick Bitature to pay a consultancy about Shs954 million ($256,136), plus interest, over two stalled property projects.
Egyptian billionaire Hisham Talaat Moustafa's TMG books $3.4 billion of sales in a single quarter
Hisham Talaat Moustafa's TMG lifted half-year net profit 23% and booked $3.4 billion of contracted sales in the second quarter alone.
How Isaiah Stewart turned NBA toughness into a multimillion-dollar fortune
Detroit Pistons big man Isaiah Stewart turned a reputation as one of the NBA's toughest enforcers into a fortune of about $8 million to $10 million.
Rwandan tycoon Hatari Sekoko went from refugee truck driver to owning Kigali's tallest tower
Hatari Sekoko drove trucks as a refugee in Uganda. He now owns Kigali's tallest tower and Rwanda's first Marriott hotel.
Egyptian billionaire Hisham Talaat Moustafa wins final approval for $27 billion Cairo city
Egypt's cabinet has approved the country's first private investment zone with its own customs system for Hisham Talaat Moustafa's LE1.4 trillion Spine project.
Mohammed VI's sisters expand property empire with Delano Marrakech deal and French land
The three sisters of Morocco's king are deepening property bets, from a Delano hotel in Marrakech to French supermarket land.
Egyptian billionaire Samih Sawiris' Orascom Development secures $356 million loan for Cairo mega-project
Orascom Development Egypt, founded by Samih Sawris, has secured a $356 million syndicated loan from three top Egyptian banks to accelerate its O West project.
Koos Bekker has spent $334m to take over a Somerset town and residents are demanding a boycott
South African billionaire Koos Bekker has spent $334m buying up a Somerset town's businesses and properties, triggering a boycott campaign against his empire.
Nigerian-born Hakeem Olajuwon built a $300 million fortune without ever borrowing a dollar
Hakeem Olajuwon left Lagos as a teenage goalkeeper, became the NBA's best center, then built a $300 million fortune refusing to borrow a cent.
Kanye West’s onetime estate listed for just under $17 million
Kanye West’s former Hidden Hills estate returns as a rebuilt 11,000-sq-ft ranch listed for just under $17 million.
Top 10 richest real estate tycoons in Egypt
Real estate tycoons like Naguib Sawiris and Hisham Talaat Moustafa are shaping Egypt’s skyline with multi-billion-dollar luxury and mixed-use developments.
Top 10 South African businessmen driving change in real estate
From thriving city centers to expanding suburban areas, demand for both residential and commercial properties is growing steadily.
Egyptian businessman Hisham Talaat Moustafa’s group pledges $167 million toward community development
Hisham Talaat Moustafa holds a 43.16-percent stake in the group.