South African tech mogul Jens Montanana rakes in $5.5 million in 70 days from Datatec stake
Montanana’s stake since the start of the year has risen to $58.34 million.
Southern Africa
Shoprite, linked to billionaire Christo Wiese, set to launch clothing stores in Cape Town
Wiese owns an 11.63-percent stake in the company.
Hitesh Anadkat poised to become Malawi’s richest man as net worth surges by $50 million
Anadkat’s influence in the African business landscape extends beyond his stake in FMB Capital.
South African billionaire Johann Rupert’s net worth plummets $200 million in just 72 hours
Rupert’s net worth has now declined from $12.7 billion on March 6 to $12.5 billion at the time of writing.
South African billionaire Patrice Motsepe to pocket $67.1 million dividend from ARM
Motsepe owns a 39.7-percent stake in the diversified mining group.
The African citizen by investment opportunity
Investing in other countries offers a useful alternative to immigration.
Shoprite, linked to billionaire Christo Wiese, posts $177 million in profit in H1 2023
Wiese’s stake in Shoprite is worth over $900 million.
South African billionaire Patrice Motsepe’s ARM surpasses expectations with $280 million H1 2023 profit
African Rainbow Minerals is a diversified mining group led by South African billionaire Patrice Motsepe.
Microsoft joins forces with Strive Masiyiwa’s Liquid to bring Internet to underserved African communities
Liquid is a subsidiary of Cassava Technologies, a pan-African technology company.
South African billionaire Stephen Saad eyes million-dollar deals to revive COVID-19 vaccine production lines
Aspen Pharmacare Holdings is a South African multinational pharmaceutical holding company.
Nicky Oppenheimer, Africa’s third-richest man, loses $430 million in 26 days
The recent decline can be attributed to the performance of his private equity investments.
Bernard Arnault’s LVMH sets sights on South African billionaire Johann Rupert’s Richemont
Richemont ranks as the fourth-largest luxury company globally.
South African tycoon Neal Froneman-led Sibanye-Stillwater posts lower earnings
Froneman’s stake in Sibanye-Stillwater is presently worth $4.28 million.
10 richest African billionaires in 2023
African billionaires are bouncing back in 2023, after a challenging 2022 marked by significant losses in their net worth.
Swazi billionaire Natie Kirsh’s London skyscraper Tower 42 plummets in value by $10 million
Tower 42 is the fifth-tallest tower in London.
South African banker Michiel Le Roux on verge of losing ‘billionaire’ status
Le Roux is widely regarded as one of Africa’s richest men.