Egyptian billionaires Nassef Sawiris and Mohamed Mansour join UK exodus
Nassef Sawiris and Mohamed Mansour are among the billionaires who have cut ties with Britain, part of a $160 billion exodus tracked by Bloomberg
United Kingdom
British billionaire Lord Bamford picks his youngest son to run JCB over the heir everyone expected
Lord Bamford has appointed his youngest son George co-chairman of JCB from October, passing over elder son Jo, long seen as the heir apparent.
Billionaire Mike Ashley tightens grip on Hugo Boss as chairman steps down
Billionaire Mike Ashley is tightening his grip on Hugo Boss as Frasers Group raises its stake to 48% and targets majority control of the German fashion house.
Billionaire Alex Beard pleads not guilty to Nigeria, Cameroon bribery charges
Billionaire Alex Beard, the former head of oil at Glencore, has pleaded not guilty to UK bribery charges linked to alleged corrupt payments involving officials in Nigeria and Cameroon.
Billionaire Nik Storonsky could borrow up to $250 million against his Revolut stake
Revolut has proposed letting its billionaire founder, Nik Storonsky, borrow up to $250 million against his stake, five times the current limit.
British school dropout James Dacombe is Europe's youngest self-made billionaire at 25
James Dacombe left school at 17 and now owns 30% of AI chip company Olix, valued at $3.3 billion after a $312 million raise.
Marcus Rashford owns a 63-acre Cheshire estate and a $19 million property empire
Marcus Rashford has poured millions into a 63-acre Cheshire estate, a Bowdon mansion and a leveraged buy-to-let empire built to outlast his playing days.
South African billionaire Magda Wierzycka warns the UK is no longer safe for global investors
South African billionaire and Sygnia CEO Magda Wierzycka has warned that the UK is losing its appeal as a destination for serious global investors.
British billionaire Joe Lewis puts his Klimt, Modigliani and Freud masterpieces into Sotheby's for a £150-200 million London sale
Joe Lewis is targeting more than $200 million at Sotheby's London in June with masterpieces by Klimt, Modigliani and Freud, making it the most valuable single-owner sale in London's history.
Ama Amo-Agyei’s Plantmade once raced to £11m sales — now the founder exits after administration
Plantmade, the viral hair-care brand founded by Ama Amo-Agyei, entered administration owing about £1.8 million and was sold for £30,000 in a pre-pack to Crown Holdings, which has invested to clear back orders and retain jobs. UK coverage previously put the brand on track for £11 million in revenue.
betPawa posts record $111 million profit in 2024
BetPawa, the African mobile betting platform founded by Kresten Buch, reported its biggest annual profit yet on surging digital wagers.
Nassef Sawiris, Egypt’s richest person, relocates to Italy over tax changes in UK
The UK's abolition of the 200-year-old tax status prompted Sawiris, Africa's fourth-richest person with a $9 billion fortune, to reconsider his options.
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Egyptian billionaire Mohamed Mansour appointed to newly created Investment Advisory Board in UK
The board will serve as the UK government’s foreign investment advisory body to Egypt.