Nigerian billionaire Aliko Dangote's refinery takes Nigeria's oil as US buys 58% less
US purchases of Nigerian crude fell by more than half this year as Aliko Dangote's 700,000-barrel-a-day refinery near Lagos kept more oil home.
United States
American billionaire Dan Gilbert pledges $1 billion to redevelop Detroit’s Renaissance Center
American billionaire Dan Gilbert is committing $1 billion to redevelop Detroit’s Renaissance Center and surrounding riverfront through a nonprofit model.
Larry Ellison relists Florida oceanfront estate for $165 million, more than double 2021 purchase price
Oracle billionaire Larry Ellison has relisted his oceanfront estate in North Palm Beach, Florida, for $165 million, more than double the $80 million he paid for the property in 2021. The new asking price comes as Ellison continues to expand his luxury real estate holdings across South Florida.
Billionaire oil tycoon Harold Hamm gives $150 million to study the disease he has
Harold Hamm has given the University of Oklahoma $150 million, the largest gift in its history, to fund healthcare and diabetes research.
French billionaire Patrick Drahi's creditors accuse him of fraudulent deal-making
Lenders to Optimum Communications sued Patrick Drahi in New York on Sept. 28, alleging transfers that put assets beyond creditors' reach.
Billionaire Michael Jordan opens a $250,000 media studio at Morehouse College
Morehouse College opened its Multimedia Centre on Sept. 23, built with more than $1 million from Michael Jordan and his Jordan Brand.
Elon Musk's Boring Company is working on a 200 mph tunnel in Texas
Elon Musk says The Boring Company is working on a 200 mph tunnel linking Austin and San Antonio. No route, cost or timeline has been given.
Elon Musk quietly settled with Apple and now a judge wants to see the terms
Judge Mark Pittman ordered X Corp and SpaceXAI to produce any agreement with Apple after they dropped antitrust claims without explanation.
Lebanese telecoms tycoon Ziad Dalloul's Africell gets $100 million from Washington to counter Huawei in Africa
The US Export-Import Bank will lend nearly $100 million to Africell, the only American-owned mobile operator in Africa, to buy US equipment.
Elon Musk’s Boring Company raises $3 billion at $23 billion valuation
Billionaire Elon Musk’s Boring Company has raised $3 billion at a $23 billion valuation, more than quadrupling its valuation since 2022 as it expands its underground transportation projects.
Billionaire Leon Black is suing the House committee investigating Jeffrey Epstein
Leon Black asked a federal court to block House subpoenas seeking documents about his dealings with Jeffrey Epstein, calling them a fishing expedition.
MacKenzie Scott has now given more than $1 billion to historically Black colleges
MacKenzie Scott has given more than $1 billion to historically Black colleges since 2020, all of it unrestricted, part of $26 billion in donations.
California's billionaires have spent $40 million fighting a 5% tax on their fortunes
California billionaires have put nearly $40 million into defeating a ballot measure taxing fortunes above $1 billion at 5%.
From Sanctions to Strategy: Kirsan Ilyumzhinov’s Reemergence and African Mission
Freed from sanctions, former FIDE President Kirsan Ilyumzhinov is turning to Africa to fuse chess, education, and cosmic vision into a new blueprint for global leadership.
Zimbabwean tycoon Ken Sharpe unveils $100-million luxury estate project in the U.S.
In a call to action, Sharpe urged Zimbabweans in the United States to actively contribute to the nation’s growth.
7 richest Black women in the United States in December 2022
It was a successful year for Black businesswomen in the United States.