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7 South African-born billionaires who are citizens of other countries
Their ventures have reshaped industries, establishing a lasting global legacy.
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The World’s Black billionaires in 2025
With a combined fortune exceeding $96 billion, Black billionaires are shaping industries from energy and tech to media and infrastructure.
Why Tony Elumelu isn't a dollar billionaire yet
Reports have speculated that his net worth stands at $2.15 billion, but Forbes remains the recognized authority in wealth rankings—anything else is just speculation.
13 companies owned by Nigerian shipping tycoon Victor Odili
His investments have positioned him as a quiet force in Nigeria’s corporate world, with ownership in some of the country’s most essential industries.
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U.S.-Nigerian telecom executive Sam Darwish’s stake in IHS gains nearly $6 million
The recent rally has driven Sam Darwish’s stake to nearly $50 million.
Ghabbour family, one of Egypt’s wealthiest, gains $21.5 million from GB Corp.
The recent rally in GB Corp.’s shares has pushed the Ghabbour family’s stake to nearly $234 million.
Alan Pullinger, South African banker, sees stake in FirstRand dip below $30 million
The decline in Pullinger’s stake reflects the broader uncertainty among investors.
Runa Alam’s DPI takes over $105 million Egypt-based fintech fund
This acquisition is a strategic move that strengthens DPI's presence across the African continent.
Hend El-Sherbini loses $19.5 million from IDH shares
Hend El-Sherbini is one of Egypt’s leading executives and a key figure in the MENA region’s healthcare sector.
Khamis family's stake in Oriental Weavers falls by $17 million
According to data tracked by Billionaires.Africa, the family’s stake has declined by EGP873.06 million ($17.09 million) since Feb. 4.
Moroccan billionaire Anas Sefrioui loses $160 million in 19 days
The dip highlights the challenges investors face amid global economic uncertainty and market conditions.
Abdallah Sallam’s Madinet Masr executes 42.7 million share buyback
The Cairo-based developer said it has repurchased 42.7 million shares, about 2 percent of its total share capital, through open-market transactions.
Samih Sawiris to perform at Cairo Opera House for Gaza refugee support
Egyptian billionaire Samih Sawiris will perform at the Cairo Opera House on May 7, 2025, to raise funds for Gaza’s displaced refugees.
Dalia Khorshid leads Beltone to $205 million capital boost
The capital boost highlights increasing investor confidence, positioning the company for continued expansion.
Mansour family firm plans $150 million automotive factories in Egypt
Mansour Group to invest $150 million in two Egypt factories to boost local auto production and expand the country’s industrial footprint.
Tidjane Thiam, ex-Credit Suisse CEO, eyes presidency in Côte d'Ivoire
Ex-Credit Suisse CEO Tidjane Thiam secures opposition bid, reshaping Côte d'Ivoire’s October presidential race in a political homecoming.
Paul Fokam’s Afriland facilitates $1.2 billion agricultural deal in Bangui
The deal, signed in Bangui, aims to develop 30,000 hectares for large-scale cassava and sugarcane farming and processing.
Femi Otedola leads FirstHoldCo to $660 million earnings in 2024
The results reflect the growing impact of Otedola’s leadership on the 130-year-old institution.
Aliko Dangote scales up $10 million food relief effort in Nigeria
The program is aimed at helping low-income families cope with the harsh economic climate and rising cost of living.
Herbert Wigwe, Aig-Imoukhuede co-own $64 million stake, report shows
Amid a high-stakes estate dispute, new disclosures reveal Herbert Wigwe and Aigboje Aig-Imoukhuede share a $64.5 million stake in Access Holdings.
Abdul Samad Rabiu’s BUA to build gas power plant for LNG project
The new plant will power BUA’s LNG project, boosting energy efficiency and ensuring a dedicated supply.
Aliko Dangote loses $800 million amid fresh naira weakness
This comes despite global interest in his $20 billion Dangote Oil Refinery, one of Africa’s most ambitious projects.
Aig-Imoukhuede leads Access Holdings to $400 million profit
Access Holdings, under Aigboje Aig-Imoukhuede, posted a $400 million profit in 2024, driven by asset growth, cost control, and expansion across Africa.
Edha Nahdi talks $380 million cement expansion with Kenya’s president
The $380 million investment will boost Kenya’s manufacturing, create jobs, and support AfCTA goals.
Samuel Dossou-Aworet-backed Tullow strikes $120 million deal to exit Kenya
This is part of Tullow's ongoing strategy to streamline operations and reduce its debt.
Aigboje Aig-Imoukhuede-led Access Holdings seals Kenyan bank acquisition
Access Holdings, led by Aigboje Aig-Imoukhuede, finalizes the acquisition of the National Bank of Kenya, boosting its East African footprint and market reach.
NCBA, backed by Kenya’s richest families, fined by regulator
NCBA, partly owned by some of Kenya’s wealthiest families, has been fined for mishandling customer data, as regulators tighten enforcement of privacy laws.
Merali family's Sameer Africa posts highest profit in 11 years
This marks a 460% jump from last year, driven by forex gains and lower finance costs after clearing all debts.
Hassanein Hiridjee's AXIAN Telecom secures $100 million for expansion
AXIAN Telecom has secured $100 million from EIB Global to expand 4G and 5G in Madagascar and Tanzania, enhancing digital access and inclusion.
Sylvia Mulinge, Kenyan executive behind MTN’s $1.6 billion Uganda unit
When Mulinge became CEO of MTN Uganda on Oct. 1, 2022, it marked a pivotal moment for the company, women in leadership, and Africa’s business landscape.
South African billionaire Patrice Motsepe under pressure in $195 million lawsuit
The lawsuit threatens to derail ARC’s plans to delist and restructure, casting a shadow over the firm’s future.
7 South African-born billionaires who are citizens of other countries
Their ventures have reshaped industries, establishing a lasting global legacy.
Ackerman family stake tops $180 million as Pick n Pay shares rebound
The family owns 16.71 percent of Pick n Pay, which amounts to 124.68 million shares.
Rodney Sacks, South African executive behind Monster Energy’s $57 billion rise
Rodney Sacks, a South African-born lawyer, built Monster into a $57 billion giant, transforming the global energy drink industry.
Motsepe donates $10 million to support youth sports, education in Africa
The donation highlights his commitment to youth empowerment through sport and education across Africa.
Trevor Noah backs Stitch's latest $55 million funding round
Noah’s involvement as an angel investor is a testament to the growing overlap between Africa’s creative talent and the global tech investment scene.
Michiel le Roux gains nearly $300 million from Capitec stake
This follows a recent rally in the share price of the retail banking giant on the Johannesburg Stock Exchange (JSE).
JP Morgan takes new shares worth $288 million in Bernard Berson-led Bidcorp
It reflects the bank’s growing confidence in the Johannesburg-based food service group, which is led by Bernard Berson.
Clicks Group, led by Bertina Engelbrecht, plans $54.5 million expansion
Clicks Group, led by Bertina Engelbrecht, to invest $54.5 million to expand stores, upgrade supply chains, and grow health and beauty segments.
VARO Energy to acquire Preem from Ethiopian billionaire Mohammed Al-Amoudi
This acquisition signals the end of Ethiopian billionaire Mohammed Al-Amoudi’s long-standing role in Sweden’s energy sector.
Belayneh Kindie ventures into Ethiopia’s electric mobility space with 100 e-buses
Ethiopian businessman Belayneh Kindie launches 100 locally assembled electric buses in Addis Ababa, advancing Ethiopia’s clean transit and electric mobility goals.
Ethiopia’s richest man Mohammed Al-Amoudi sees Preem stake soar to $4.7 billion
Preem’s newly published 2024 annual report provided fresh insights into its valuation, driving up the value of Mohammed Al-Amoudi’s stake.
Ethiopian billionaire Mohammed Al-Amoudi’s Preem posts $12.8 billion in 2024 revenue
The company reported lower revenue and profit for the second straight year, reflecting weaker refining margins and a challenging market environment.
Ethiopia’s 10 richest businessmen
These business leaders are not just accumulating wealth; they are pivotal players in Ethiopia’s transformation.
Ethiopia's richest man adds $552 million to his net worth in 2025 after last year's loss
His net worth now stands at $9.4 billion, reinforcing his status among the world’s wealthiest individuals.
Africa’s richest man Aliko Dangote plans $400 million cement expansion in Ethiopia
The move is expected to double the facility’s annual capacity to 5 million tonnes, strengthening Dangote Cement Plc’s position as Africa’s leading cement manufacturer.
Zepz teams up with dLocal after $267 million raise to boost cross-border payments
The partnership aims to tackle financial access barriers in Africa, Asia, and Latin America, where millions are excluded from traditional banking systems.
Latest Posts
7 South African-born billionaires who are citizens of other countries
Their ventures have reshaped industries, establishing a lasting global legacy.
Ackerman family stake tops $180 million as Pick n Pay shares rebound
The family owns 16.71 percent of Pick n Pay, which amounts to 124.68 million shares.
Edha Nahdi talks $380 million cement expansion with Kenya’s president
The $380 million investment will boost Kenya’s manufacturing, create jobs, and support AfCTA goals.
Rodney Sacks, South African executive behind Monster Energy’s $57 billion rise
Rodney Sacks, a South African-born lawyer, built Monster into a $57 billion giant, transforming the global energy drink industry.
Mike Tyson named CEO of Las Vegas cannabis company
Boxing legend Mike Tyson takes the helm as CEO of Las Vegas-based Carma HoldCo.
Tidjane Thiam, ex-Credit Suisse CEO, eyes presidency in Côte d'Ivoire
Ex-Credit Suisse CEO Tidjane Thiam secures opposition bid, reshaping Côte d'Ivoire’s October presidential race in a political homecoming.
Runa Alam’s DPI takes over $105 million Egypt-based fintech fund
This acquisition is a strategic move that strengthens DPI's presence across the African continent.
Paul Fokam’s Afriland facilitates $1.2 billion agricultural deal in Bangui
The deal, signed in Bangui, aims to develop 30,000 hectares for large-scale cassava and sugarcane farming and processing.
Femi Otedola leads FirstHoldCo to $660 million earnings in 2024
The results reflect the growing impact of Otedola’s leadership on the 130-year-old institution.
Hend El-Sherbini loses $19.5 million from IDH shares
Hend El-Sherbini is one of Egypt’s leading executives and a key figure in the MENA region’s healthcare sector.
Motsepe donates $10 million to support youth sports, education in Africa
The donation highlights his commitment to youth empowerment through sport and education across Africa.
Trevor Noah backs Stitch's latest $55 million funding round
Noah’s involvement as an angel investor is a testament to the growing overlap between Africa’s creative talent and the global tech investment scene.
Michiel le Roux gains nearly $300 million from Capitec stake
This follows a recent rally in the share price of the retail banking giant on the Johannesburg Stock Exchange (JSE).
Aliko Dangote scales up $10 million food relief effort in Nigeria
The program is aimed at helping low-income families cope with the harsh economic climate and rising cost of living.
JP Morgan takes new shares worth $288 million in Bernard Berson-led Bidcorp
It reflects the bank’s growing confidence in the Johannesburg-based food service group, which is led by Bernard Berson.
Herbert Wigwe, Aig-Imoukhuede co-own $64 million stake, report shows
Amid a high-stakes estate dispute, new disclosures reveal Herbert Wigwe and Aigboje Aig-Imoukhuede share a $64.5 million stake in Access Holdings.
