Cape Town runs short of luxury homes as millionaires move in
Millionaires from Johannesburg and abroad are competing for a shrinking supply of luxury homes in Cape Town, with some houses selling within days of listing.
Real Estate
Filipino billionaire Manuel Villar's Vista Land profit falls 59% to $60 million
Filipino billionaire Manny Villar’s Vista Land reported a 59% drop in 2025 profit to 3.8 billion pesos in long-delayed results, while its shares remain suspended.
American billionaire Carl Icahn sells former Trump casino site for $6.6 million
Carl Icahn has sold the 10-acre former Trump Plaza site in Atlantic City to George Norcross, ending his last link to Donald Trump's casinos.
American billionaire Dan Gilbert pledges $1 billion to redevelop Detroit’s Renaissance Center
American billionaire Dan Gilbert is committing $1 billion to redevelop Detroit’s Renaissance Center and surrounding riverfront through a nonprofit model.
Larry Ellison relists Florida oceanfront estate for $165 million, more than double 2021 purchase price
Oracle billionaire Larry Ellison has relisted his oceanfront estate in North Palm Beach, Florida, for $165 million, more than double the $80 million he paid for the property in 2021. The new asking price comes as Ellison continues to expand his luxury real estate holdings across South Florida.
Billionaire Peter Thiel pays $130 million for the Bel-Air house nobody would buy at $250 million
Peter Thiel bought the Bel-Air estate Casa Encantada for $130 million at a foreclosure auction, the Wall Street Journal reported on Sept. 29.
Ugandan tycoon Patrick Bitature loses a $256,000 case over two buildings he never built
A Ugandan court ordered Patrick Bitature to pay Finicon $256,136 plus nine years of interest for design work on two projects never built.
Billionaire Ken Griffin wins a vote on the private helipad his neighbours are fighting
A Miami Beach committee advanced Ken Griffin's private helipad on Sept. 24, over objections from eight luxury towers housing about 2,000 residents.
Nigerian tycoon Orji Uzor Kalu and family hold $20 million of US property, report says
A new report says 61 Nigerian officials hold 284 US properties worth $271 million, including more than $20 million linked to Orji Uzor Kalu.
Billionaire Lionel Messi buys the house next door in Fort Lauderdale for $8 million
An entity tied to Lionel Messi paid $8 million for 71 Compass Lane, creating a 0.8-acre compound with 15 bedrooms in Fort Lauderdale.
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%.
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.