Malawian businessman Hitesh Anadkat gains nearly $34 million from FMB Capital
Anadkat holds an impressive 35.51-percent stake in FMB Capital, which accounts for 872,924,575 ordinary shares.
South African executive Mark Steyn pockets $1.5 million from Bidvest in 2023
Steyn’s 2023 compensation package is 52.85-percent higher than the previous year’s package of R18.38 million ($0.96 million).
South African exec Marthinus Visser pockets $1 million from OUTsurance in 2023
Visser saw a notable 43.68-percent increase in his 2023 compensation package compared to the R14.03 million ($0.74 million) he received in the previous fiscal year.
Nigerian executive Olusegun Ogunsanya pockets $2.4 million as Airtel Africa CEO
The compensation package represents a 73.36-percent surge from the previous year’s total reward of $1.4 million.
African-American billionaire Alex Karp gains $100 million in just 8 days
The surge in Karp’s fortune, equivalent to an average daily gain of $12.5 million since Jan. 16, is linked to the performance of his 2.63-percent stake in Palantir Technologies.
Kenya’s Merali family gains nearly $1.2 million from Sasini Tea stake in 19 days
With a majority stake of 65.46 percent, Kenya’s Merali family holds the largest share in Sasini Tea.
Nigeria’s richest banker Jim Ovia gains nearly $30 million from Zenith Bank stake
Ovia owns a 16.2-percent stake in the financial services group, comprising 5,072,104,311 ordinary shares, makes him the wealthiest banker in the country.
South African tycoon Adrian Gore loses $52 million as Discovery shares slump
Despite this setback, Gore maintains his status as a top figure among the richest investors on the JSE.
Kenyan billionaire Baloobhai Patel boosts stake in Co-op Bank with $1.43-million investment
This further solidifies Patel’s commitment to Co-op Bank, as he navigates the challenging market conditions marked by a bear run that has undervalued many banking stocks.
Eswatini’s richest man Natie Kirsh rakes in $100 million in just nine days
The recent $100-million boost in Kirsh’s wealth is linked to the outstanding performance of his private investments.
South African exec Paul Dunne earns $1.5-million salary from Northam in 2023
His compensation comprises a base salary of R11.23 million ($0.60 million) and augmented by a short-term incentive of R8.41 million ($0.45 million).
Why African billionaires are banking in Belize: Luigi Wewege, president of Caye International Bank
Wewege explains to Billionaires.Africa the reasons why wealthy Africans are flocking to bank in the Central American country.
South African-born billionaire Patrick Soon-Shiong loses $520 million in first week of 2024
Soon-Shiong’s net worth plunged by $520 million in the first week of 2023 declining from $10.5 billion on Jan. 1 to $9.98 billion.
Black executive Lloyd Howell earns $3.5-million salary from Booz Allen in 2023
This compensation package which underscores his commitment and expertise as a seasoned business executive.
10 companies linked to Mauritian tycoon Arnaud Lagesse
From leading Mauritius’ largest conglomerate, IBL Group, to investments in Kenya’s retail sector through Naivas International.
Billionaire Michael Lee-Chin’s firm snags $100 million for Caribbean business boost
Lee-Chin’s vision for Portland Caribbean Fund III sets a transformative course for sustainable growth in the Caribbean.