South African billionaire Koos Bekker’s net worth surges by $100 million back to $2.5 billion
With a net worth of $2.5 billion, Bekker ranks among the wealthiest billionaires on the African continent.
Southern Africa
Pick ‘n Pay troubles drain $120 million from South Africa’s Ackerman family
The Ackerman family holds a significant 25.53-percent stake in the retailer, or 124,677,238 issued shares.
Lebanese Prime Minister Najib Mikati’s stake in Africa’s largest telecom company is worth $900 million
Mikati, a three-time prime minister of Lebanon, co-founded the Beirut-based investment firm M1 Group in 2007.
South African tech tycoon Jens Montanana’s stake in Datatec slumps by $8 million in 28 days
Montanana, who founded Datatec in 1986, owns a 14.26-percent stake in the South African-based ICT solutions and services firm.
South African tycoon Noluthando Gosa suffers nearly $5-million loss from stake in steelmaker
Gosa holds a 6.15-percent stake in ArcelorMittal South Africa, the South African unit of Luxembourgish steel maker ArcelorMittal.
Hitesh Anadkat, one of Malawi’s richest men, rakes in $70 million, pushing YTD gains above $110 million
Anadkat holds an impressive 35.51-percent stake in FMB Capital, or 872,924,575 ordinary shares.
5 companies owned by Africa’s richest man Johann Rupert
Rupert’s journey towards prominence started in the late 1980s, when he assumed the role of chairman at Rembrandt.
South African billionaire Christo Wiese’s Invicta broadens global footprint with Imexpart takeover
As the chairman of Invicta, Wiese controls a significant ownership stake of 19.23 percent in Invicta Holdings.
South African billionaire Stephen Saad’s Aspen Pharma stake falls by $29 million in 27 days
Saad’s stake in Aspen Pharma has fallen by $29 million as investors factor in the challenging operating conditions in the pharmaceutical industry.
Botswana-based mogul Jonathan Gibson gains over $5 million from stake in Chobe Holdings
Gibson’s stake in Chobe Holdings has increased by $5.23 million since the start of the year, solidifying his position as one of Botswana’s richest investors.
Patrice Motsepe’s fortune takes hit, shrinks by $100 million and plunges below $2.5 billion
Despite seeing his net worth decline by $800 million since the start of 2023, Motsepe continues to demonstrate his commitment to philanthropy.
5 companies owned by South African tycoon Piet Mouton
These stakes contribute to Mouton’s expanding wealth and reinforce his position as one of South Africa’s leading business figures.
South African executive Josua Malherbe’s stake in Remgro skyrockets, earning him $1.3 million in 42 days
Malherbe owns a beneficial 0.21-percent stake in the investment holding, or 1,178,995 ordinary shares.
10 assets owned by Botswana’s richest man Abdul Satar Dada
Dada is best known in Botswana for two key businesses: motor dealerships and his significant control over the country’s poultry industry.
South African billionaire Christo Wiese’s Invicta acquires 50-percent stake in Singapore’s KMPFE
Wiese controls a significant ownership stake of 19.23 percent in the Johannesburg-based investment holding company.
Swazi billionaire Natie Kirsh loses $170 million, net worth shrinks below $7.4 billion
The decline in Kirsh’s fortune can be attributed to the performance of his private investments in Kirsh Group.