South African billionaire Koos Bekker loses half a billion dollars on his Naspers stake
Bekker is still one of Africa’s wealthiest men, with a net worth of more than $2.2 billion.
Southern Africa
South African mogul Adrian Gore sells $3.1 million in Discovery Limited shares in May
Gore owns a 7.47-percent stake in the South African financial services conglomerate.
Johann Rupert now South Africa’s richest man, one week after losing spot to Nicky Oppenheimer
Rupert is now ranked 214th on the Bloomberg Billionaires Index.
Dubai billionaire Hussain Sajwani acquires De Grisogono, once owned by Isabel dos Santos
dos Santos was previously the majority shareholder of De Grisogono, a Swiss luxury jeweller.
South African billionaire Patrick Soon-Shiong loses nearly $1 billion since start of 2022
Soon-Shiong holds $7.03 billion of his $8.99-billion fortune in cash.
Namibia-based tech entrepreneur David Akinin’s JABU raises $15 million from investors
Akinin founded JABU in mid-2020.
African Bank to acquire Johann Rupert-linked Grindrod in $97-million deal
Grindrod is a freight logistics and shipping services company owned in part by Rupert’s Remgro Limited.
Healthcare investment as a future focus
The past three years have had a massive global impact, in which the healthcare industry has become the center of all focus.
Swazi billionaire Natie Kirsh gains $340 million in five days
Kirsh’s net worth is now estimated at $7.82 billion.
Strive Masiyiwa’s Ecocash discontinues waste collection services in Harare
EcoCash Holdings is now the fourth most valuable stock on the Zimbabwe Stock Exchange.
Zimbabwean billionaire Strive Masiyiwa loses over $620 million as Econet shares slump
Masiyiwa owns a 52.85-percent stake of Econet Zimbabwe.
5 Angolan multimillionaires you should know
You might not know their names, but you should.
South African billionaire Patrice Motsepe, wife join world leaders at 2022 WEF Annual Meeting in Davos, Switzerland
Motsepe is a member of the WEF Board of Trustees.
Education investment as a future focus
Since 2000, millions of African children have benefited from better access to education.
Billionaire Johann Rupert’s Richemont sees shares dive 14 percent on fears over China slowdown
Rupert’s net worth fell by $896 million as a result of the 14 percent drop in Richemont shares on Friday.
Nicky Oppenheimer unseats Johann Rupert to become South Africa’s wealthiest billionaire
Oppenheimer’s net worth is estimated to be $8.55 billion as of press time.