Alex Karp’s $5.9-billion fortune secures spot as third-richest Black billionaire in U.S.

Karp’s fortune grew by $430 million within 24 hours, marking a significant uptick from $5.47 billion to $5.9 billion, according to Forbes.

, and Omokolade Ajayi

November 7, 2024 . 6:01 PM

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East Africa

This latest decline has further impacted the Merali family’s stake, reducing its value to Ksh2.54 billion ($19.63 million) as of Nov. 22.

, and Feyisayo Ajayi

November 22, 2024

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Southern Africa

Other lenders implicated in the case, including FirstRand and Close Brothers plc, are grappling with the fallout.

, and Timilehin Adejumobi

November 22, 2024

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NCB Financial Group posts remarkable financial gains under Michael Lee-Chin’s leadership, targeting sustained growth and higher shareholder returns.

, and Oluwatosin Racheal Alabi

November 22, 2024

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Oriental Weavers reports robust revenue growth in Q3 2024, driven by international market expansion and strategic domestic initiatives.

, and Oluwatosin Racheal Alabi

November 22, 2024

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