10 businesses Magic Johnson has owned
Through Magic Johnson Enterprises (M.J.E.), Johnson has had investments in insurance, healthcare, food services, staffing, and sports.
Southern Africa
South African tech tycoon Zak Calisto gains nearly $35 million in 18 days
The recent surge in Calisto’s stake is noteworthy, considering he suffered a substantial loss of $18.71 million between Aug. 1 and 21.
Namibian tycoon Quinton van Rooyen plans to convert $73-million loan into Trustco shares
Van Rooyen, through Next Capital, has proposed a financial maneuver to bolster Trustco Group’s financial stability.
7 companies owned by Kanye West
Despite his setback in 2022, when Adidas severed ties with his Yeezy brand, West remains a top figure among the global Black elite.
South African banker Charles Russon’s salary at Absa amounts to $1.6 million
Russon owns a minority stake of 0.018 percent in Absa Group, which is presently valued at $1.42 million.
5 Black billionaires who bought or sold mansions in the U.S. in 2023
Billionaires.Africa has documented real estate transactions by Black billionaires and multimillionaires, and here are the top five from this year.
Rihanna unveils new sneaker design in exclusive Puma collaboration
This release marks the resurrection of the partnership between Rihanna and Puma, a collaboration that had previously yielded a series of sell-out sneakers.
South Africa’s richest man Johann Rupert expresses worry over inflation
Rupert expressed his worries during Richemont’s annual meeting in Geneva on Wednesday.
Aldworth Mbalati: South African multimillionaire reshaping Africa’s energy sector
Mbalati is more than a businessman; he is a beacon of hope and a driving force in Africa’s energy revolution.
South African billionaire Adrian Gore’s Discovery ventures into renewables
Discovery, led by Gore, plans to collaborate with power developers to establish wind and solar plants based on the aggregated demand.
South African tycoon Johan Burger gains $4.4 million from FirstRand stake
Burger, who has been a director at FirstRand since 2009, owns a beneficial 0.110-percent stake, or 6,000,000 ordinary shares, in the leading financial services group.
South African tycoon Raymond Ackerman, founder of Pick ‘n Pay, dies at 92
Ackerman’s passing marks the end of an era in South African retail, but his enduring legacy will continue to inspire future generations.
10 companies linked to South African businessman Saki Macozoma
Billionaires.Africa has meticulously documented Macozoma’s affiliations with various companies where he currently holds leadership positions or has in the past.
South African exec Funeka Montjane earns $2-million salary from Standard Bank
Montjane’s 2022 compensation package marked an impressive 9.47-percent increase over the previous year’s total reward.
South African billionaire Patrice Motsepe’s ARM pursues lithium and copper assets
Motsepe expressed concerns about the soaring prices of these essential metal assets in the context of the clean energy transition.
South African banker Mike Davis receives $1.4-million salary from Nedbank in 2022
Davis, a leading South African banker and executive ranks as one of the country’s most affluent executives.