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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.
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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.
Gauteng's ultra-wealthy are keeping their Johannesburg mansions and buying R60 million Cape Town retreats rather than choosing between the two cities
Gauteng's ultra-wealthy are not choosing between Johannesburg and Cape Town. They are keeping R20-R40 million Joburg primary homes and buying R60 million coastal retreats alongside them.
South African billionaire Koos Bekker loses $500 million as Naspers and Prosus slide 24% this year
Koos Bekker has lost nearly $500 million in 2026 as Naspers and Prosus shares fell more than 24%, erasing a January peak.
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Wealth Intelligence: Mike Adenuga — The Most Opaque Continuity Plan in African Wealth
Mike Adenuga turned 73. He has positioned Bella Disu as his successor — but the rest of his empire remains the most opaque continuity plan among Africa's top fortunes. We map the holdings and what the market still does not know.
The Sawiris Exit: What Africa’s Richest Man Leaving London Tells Us About Where Billionaire Wealth Is Moving
Nassef Sawiris has closed his London family office, completing a two-year exit triggered by the end of the non-dom tax status. We map the full timeline, what it means for every African UHNWI with London structures, and where billionaire wealth is moving.
Exclusive Briefing: Where Does $17 Billion Go? The Kirsh Repatriation Question and What It Means for Southern African Capital Markets
Nathan Kirsh is about to become the most liquid billionaire Africa has ever produced. The $29.1 billion Sysco deal will generate approximately $17 billion in personal proceeds — and the question every private bank in southern Africa is asking is where it goes.
Egyptian billionaire Sawiris family-linked HOF Capital buys Porsche's Bugatti stake in a deal valuing the brand above $1 billion
HOF Capital, co-founded by Onsi Sawiris of Egypt's billionaire Sawiris dynasty, has led a consortium to buy Porsche's full 45% stake in Bugatti Rimac.
Moroccan tycoon Yariv Elbaz's Forafric is selling its flour business to billionaire Chakib Alj while announcing it wants to pivot to drones and AI
Nasdaq-listed Forafric is selling control of its Moroccan flour business to billionaire Chakib Alj while announcing a drone and AI pivot, one year after a formal going concern warning.
Algeria's richest man Issad Rebrab's Cevital is being sued in France over Brandt's liquidation
About 60 former Brandt employees plan to sue Cevital in 2 French courts in May, calling their dismissals abusive and seeking civil damages from Algeria's biggest private company.
How Algerian billionaire Issad Rebrab's $400 million steelworks gamble in Italy collapsed and took his Brazil iron ore dream down with it
Issad Rebrab bought a struggling Italian steelworks in 2015 and planned a $400 million revival. Three years later, he sold it and his Brazil iron ore plan collapsed with it.
Billionaire Naguib Sawiris pours another $400 million into gold as geopolitical tensions push him to cut Egypt real estate
Naguib Sawiris has added $400 million to his gold investments since the start of the current geopolitical tensions, while cutting Egypt real estate and expanding in the UAE.
Egyptian billionaire Nassef Sawiris formally closes his London family office, completing a UK exit triggered by the end of the non-dom tax status
Nassef Sawiris has formally closed his London family office NNS Advisers, completing a multi-step UK departure triggered by the end of the non-dom tax regime.
Moroccan billionaire Othman Benjelloun opens Morocco's tallest tower in Sale after 8 years of construction
Morocco's tallest building, a $700 million rocket-shaped skyscraper backed by billionaire Othman Benjelloun, has opened in Sale after 8 years of construction.
Egyptian billionaire Samih Sawiris teams up with Emirati investors to deploy $235 million into a coastal tourism megaproject in Morocco's Essaouira
Egyptian billionaire Samih Sawiris has joined UAE-based Al Nowais Investments and Egypt's Sunrise Group to deploy $235 million into a coastal tourism project in Essaouira, Morocco.
Nigeria's 2nd richest man Abdul Samad Rabiu gains N2.7 trillion this week from BUA Cement shares
BUA Cement shares surged 24.8% in 4 trading days, adding N2.7 trillion ($1.95 billion) to Abdul Samad Rabiu's stake value after Q1 profit more than doubled to N176 billion.
Nigerian billionaire Arthur Eze loses another license as South Sudan strips Oranto Petroleum of Block B3 for failing to drill or pay
South Sudan has declined to renew Oranto Petroleum's Block B3 licence after Arthur Eze's company failed to conduct seismic surveys, drill a single well or meet financial obligations since 2017.
Billionaire Abdul Samad Rabiu's BUA Foods grows profit to $103 million in Q1 2026 even as revenue falls 11%
BUA Foods posted $103 million profit in Q1 2026, up from $99 million a year earlier, even as revenue fell 11%, with cost control doing the heavy lifting.
Nigerian billionaire Aliko Dangote’s Dangote Cement posts $233 million profit in Q1 2026
Dangote Cement posted $234 million profit in Q1 2026, up 53% from a year earlier, as volumes rose to 7.47 million tonnes and pan-African losses shrank dramatically.
FirstHoldco Chairman Femi Otedola pays tribute to Mike Adenuga as the Oil and Telecoms billionaire turns 73
Femi Otedola has marked Mike Adenuga's 73rd birthday by recalling how the Globacom founder told him 24 years ago in Epe that he would be a great man.
Oil tycoons Igho Sanomi and Kevin Okyere deny bribing former Nigerian oil minister Diezani Alison-Madueke
Nigerian oil tycoon Igho Sanomi and Ghanaian businessman Kevin Okyere have denied paying bribes to former Nigerian oil minister Diezani Alison-Madueke at her London trial.
Aliko Dangote pledges 95,000 jobs as refinery expansion targets 1.4 million barrels a day
Aliko Dangote has pledged 95,000 skilled jobs as he scales his Lagos refinery to 1.4 million barrels a day, on track to overtake India's Jamnagar.
Aliko Dangote hits $30 billion mark on Forbes billionaires ranking for the first time
Forbes has valued Aliko Dangote at $30.3 billion for the first time, as his producing refinery closes a persistent gap between the world's two top wealth trackers.
Patrick Bitature's "hotels are just a laundry business" comment backfires as Ugandans remind him of his unresolved $10 million debt dispute
Patrick Bitature called hotels a "laundry business" in a viral video and was immediately met with scepticism from Ugandans who pointed to his unresolved $10 million debt dispute over hotel assets.
Nigerian businesswoman Kofo Akinkugbe's SecureID opens East Africa's first smart card factory, commits $20 million to expansion
SecureID Kenya founder Kofo Akinkugbe has opened East Africa's first smart card factory in Nairobi, pledging $20 million and 400 jobs as operations scale.
Tanzanian billionaire Edha Nahdi commits $35 million to build 10 mother-and-child hospitals across Kenya in the largest private-sector health grant in the country's history
Tanzanian billionaire Edha Nahdi has pledged $35 million to build 10 Level 4 mother-and-child hospitals across Kenya in the largest private health grant in the country's history.
Court freezes David Langat's land in Kericho, Eldoret and Nandi over Sh87 million vehicle loan debt that the Ruto ally has been dodging since 2016
A Kenyan court has frozen 3 land parcels belonging to David Langat and his spouse after a creditor sued to recover Sh87 million in vehicle loans that have gone unpaid since 2016.
Hassanein Hiridjee's Axian Group buys five Letshego units in pan-African banking push
Madagascar billionaire Hassanein Hiridjee's Axian Group is buying five Letshego banking subsidiaries in Ghana, Tanzania, Nigeria, Rwanda and Uganda, deepening its pan-African banking footprint.
James Mwangi named CEO of the Year as Equity Bank sweeps 2026 Kenya banking awards
Equity Bank's James Mwangi has been crowned Overall CEO of the Year, with the lender sweeping 10 categories at Kenya's 2026 Think Business Banking Awards.
Indian billionaire Gautam Adani is building an African port empire but a US bribery indictment has already cost him Kenya's biggest airport and $2.5 billion in deals
Adani Group controls Tanzania's biggest container terminal and is eyeing South Africa's ports, but a US bribery indictment already derailed $2.5 billion in Kenya deals.
Kenya's Co-op Bank, controlled by Gideon Muriuki, restructures into holding company for expansion
Co-operative Bank of Kenya plans to restructure into a holding company called Co-opbank Group PLC, separating its banking operations from group activities as it eyes regional expansion.
Gauteng's ultra-wealthy are keeping their Johannesburg mansions and buying R60 million Cape Town retreats rather than choosing between the two cities
Gauteng's ultra-wealthy are not choosing between Johannesburg and Cape Town. They are keeping R20-R40 million Joburg primary homes and buying R60 million coastal retreats alongside them.
South African billionaire Koos Bekker loses $500 million as Naspers and Prosus slide 24% this year
Koos Bekker has lost nearly $500 million in 2026 as Naspers and Prosus shares fell more than 24%, erasing a January peak.
South African banking giant Absa Group's Kenny Fihla earns $7.6 million in first year as CEO
Absa Group CEO Kenny Fihla received R128 million ($7.6 million) in total remuneration in 2025, with buyout awards replacing forfeited Standard Bank incentives making up the bulk of the package.
Brett and Mark Levy built Blu Label into South Africa's invisible infrastructure and it moves R108 billion a year
Brett and Mark Levy's Blu Label Unlimited moves R108 billion a year as South Africa's dominant distributor of prepaid electricity and airtime, serving 35 million customers monthly.
Johann Rupert's Remgro faces $2.3 billion valuation gap as unlisted assets weigh on stock
South African billionaire Johann Rupert's flagship Remgro is trading at a 45.9% discount to its net asset value, leaving a R38 billion valuation gap.
South African billionaire Patrice Motsepe's ARM seals Boliden off-take deal that could restart Nkomati nickel mine
Patrice Motsepe's African Rainbow Minerals has signed a conditional nickel off-take deal with Sweden's Boliden, opening the door to restarting its mothballed Nkomati mine.
Johann Rupert's stepchild Reinet now sits on R128 billion in assets
Johann Rupert's Luxembourg-based Reinet Fund has lifted its net asset value to €6.60 billion, or R128 billion, even after shedding stakes in BAT and PICG.
South African billionaire Patrice Motsepe's ARM seals nickel off-take deal with Boliden to restart mothballed Nkomati mine
Patrice Motsepe's ARM has signed a nickel off-take deal with Sweden's Boliden to restart the mothballed Nkomati mine.
Saudi-Ethiopian Mohammed Al-Amoudi is worth $9 billion on Bloomberg but missing from the Forbes 2026 billionaires list and here is why
Mohammed Al-Amoudi is worth $9.12 billion on Bloomberg but does not appear on the Forbes 2026 billionaires list. Here is why.
How Djiboutian tycoon Abdourahman Boreh helped Dubai build a port empire in the Horn of Africa, then became its most inconvenient witness
Abdourahman Boreh brokered DP World's entry into Djibouti, collected fees from both sides, then fled into exile as the whole deal unravelled.
Dahabshiil founder Abdirashid Duale pledges $150,000 as drought deepens in northern Somalia
Dahabshiil pledged $150,000 for drought relief in northern Somalia, with founder Abdirashid Duale urging faster action as shortages spread.
Ethiopia’s richest man Mohammed Al-Amoudi brings Carrefour into Ethiopia
Ethiopia’s richest man, Mohammed Al-Amoudi, brings Carrefour to 13 Midroc stores, marking the retailer’s first physical presence in Ethiopia.
Ethiopia’s richest man Mohammed Al-Amoudi sees wealth rebound past $8.1 billion
Mohammed Al-Amoudi’s net worth rebounds to more than $8.1 billion after a $2.42 billion gain tied to his stake in Preem.
Somali e-visa controversy: Ismail Ahmed points to Premier Bank involvement
Ismail Ahmed claims Premier Bank helped design Somalia’s e-visa system and benefits from visa fees through Empire Tech Solutions.
Ahmed Osman Guelleh, one of Djibouti's richest men, recalibrates for a tougher market
Ahmed Osman Guelleh built a logistics and beverage empire around Djibouti’s ports and Somaliland’s Coca-Cola plant. Now competition is testing his hold.
Somali businessman Abdiweli Hassan to invest $503 million in Kenya’s Tatu City
Somali businessman Abdiweli Hassan plans a $503 million mixed-use project at Kenya’s Tatu City, expanding his footprint from retail into urban development.
Latest Posts
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.
African Wealth Briefing — Fri., May 1, 2026
Arthur Eze loses another oil block as South Sudan strips Oranto of Block B3, Koos Bekker loses $500 million as Naspers and Prosus slide 24%, Dangote Cement posts $233 million in Q1 profit, and BUA Foods grows Q1 profit to $103 million even as revenue falls 11%.
Wealth Intelligence: Mike Adenuga — The Most Opaque Continuity Plan in African Wealth
Mike Adenuga turned 73. He has positioned Bella Disu as his successor — but the rest of his empire remains the most opaque continuity plan among Africa's top fortunes. We map the holdings and what the market still does not know.
Gauteng's ultra-wealthy are keeping their Johannesburg mansions and buying R60 million Cape Town retreats rather than choosing between the two cities
Gauteng's ultra-wealthy are not choosing between Johannesburg and Cape Town. They are keeping R20-R40 million Joburg primary homes and buying R60 million coastal retreats alongside them.
South African billionaire Koos Bekker loses $500 million as Naspers and Prosus slide 24% this year
Koos Bekker has lost nearly $500 million in 2026 as Naspers and Prosus shares fell more than 24%, erasing a January peak.
Nigeria's 2nd richest man Abdul Samad Rabiu gains N2.7 trillion this week from BUA Cement shares
BUA Cement shares surged 24.8% in 4 trading days, adding N2.7 trillion ($1.95 billion) to Abdul Samad Rabiu's stake value after Q1 profit more than doubled to N176 billion.
A Complete Guide to Sports Betting Bonuses: Are They Worth It?
A clear guide to sports betting bonuses, explaining deposit matches, free bets, wagering requirements, and how to tell if an offer is truly worth it.
Nigerian billionaire Arthur Eze loses another license as South Sudan strips Oranto Petroleum of Block B3 for failing to drill or pay
South Sudan has declined to renew Oranto Petroleum's Block B3 licence after Arthur Eze's company failed to conduct seismic surveys, drill a single well or meet financial obligations since 2017.
Patrick Bitature's "hotels are just a laundry business" comment backfires as Ugandans remind him of his unresolved $10 million debt dispute
Patrick Bitature called hotels a "laundry business" in a viral video and was immediately met with scepticism from Ugandans who pointed to his unresolved $10 million debt dispute over hotel assets.
Aliko Dangote's fortune hits $34 billion as refinery bets pay off
Aliko Dangote's fortune climbed to $34 billion this week, lifted by his industrial empire and bold new refinery ambitions across the African continent.
Bill Gates and Jeff Bezos-backed KoBold Metals breaks ground on a $2.5 billion Zambia copper mine and bets $50 million on Congo lithium
KoBold Metals, backed by Bill Gates, Jeff Bezos and Sam Altman, has broken ground on the $2.5 billion Mingomba copper mine in Zambia and committed $50 million to Congo lithium exploration.
South African banking giant Absa Group's Kenny Fihla earns $7.6 million in first year as CEO
Absa Group CEO Kenny Fihla received R128 million ($7.6 million) in total remuneration in 2025, with buyout awards replacing forfeited Standard Bank incentives making up the bulk of the package.
Billionaire Abdul Samad Rabiu's BUA Foods grows profit to $103 million in Q1 2026 even as revenue falls 11%
BUA Foods posted $103 million profit in Q1 2026, up from $99 million a year earlier, even as revenue fell 11%, with cost control doing the heavy lifting.
Nigerian billionaire Aliko Dangote’s Dangote Cement posts $233 million profit in Q1 2026
Dangote Cement posted $234 million profit in Q1 2026, up 53% from a year earlier, as volumes rose to 7.47 million tonnes and pan-African losses shrank dramatically.
Billionaire Sunil Mittal's Airtel is taking its African mobile money business to London in a deal that could be worth $10 billion
Sunil Mittal's Airtel Africa is targeting a London IPO for its Airtel Money unit that could raise up to $2 billion and value the business at as much as $10 billion, people familiar with the matter said.
Billionaire Oprah Winfrey signs sweeping multi-year deal with Amazon for podcast and TV library
Oprah Winfrey's Harpo Entertainment has signed a multi-year deal handing Amazon's Wondery exclusive distribution rights to The Oprah Podcast and access to her TV archive.
