Africa was the world's fastest-growing ultra-wealth region in 2025, new data shows
Africa posted the world's fastest ultra-wealth growth in 2025, yet the continent's 3,440 ultra-wealthy individuals hold less than 1% of global fortunes.
Dorcas Adeodun
News Reporter
Dorcas Adeodun is a journalist covering finance, public policy, and economic development. She has more than five years of reporting experience and has worked across business reporting and institutional analysis.
Bento Kangamba built a $200 million empire on diamonds, logistics and a football club he almost dissolved
Bento Kangamba rose from an MPLA soldier in Moxico to a $200 million Angolan empire spanning diamonds, logistics and a football club that won the Girabola and almost collapsed.
Agostinho Kapaia left Huambo with nothing and built a $1.4 billion fertilizer empire in Angola
Agostinho Kapaia grew up in Huambo and built Grupo Opaia into Angola's most diversified private conglomerate, with 80,000 hectares of farmland and a $1.4 billion fertilizer plant under construction.
Elon Musk loses $100 billion as SpaceX shares tumble
Elon Musk has lost close to $100 billion in paper wealth in days as SpaceX shares tumbled more than 26 percent from their post-IPO peak.
Eddie Murphy's $200 million fortune is built on franchises, Donkey and a very long memory
Eddie Murphy went from $4,500 per SNL episode at 19 to a $200 million fortune built on Beverly Hills Cop, Shrek's Donkey, a $70 million Netflix deal and the AFI Life Achievement Award.
Usher turned a teenager's audition tape into a $180 million empire spanning music and sports
Usher turned a teenage audition for L.A. Reid into a $180 million empire spanning music, a co-founded record label, a Cleveland Cavaliers stake and the most-watched Super Bowl halftime show ever.
Datatec founder Jens Montanana to pocket $79.5 million as company announces R7.1 billion special dividend
Datatec has announced a R7.1 billion ($434.5 million) special dividend following a refinancing deal with General Atlantic, with founder and CEO Jens Montanana set to pocket R1.3 billion.
Congo's richest oil trader Willy Etoka marries President Denis Sassou Nguesso's daughter
Congolese businessman Willy Etoka has married Claudia Sassou Nguesso, daughter of Republic of Congo President Denis Sassou Nguesso, in a ceremony held in Brazzaville.
Deshaun Watson is worth $230 million and has played in just 19 NFL games
Deshaun Watson signed the largest guaranteed contract in NFL history at $230 million, played 19 games across four years, and left the Cleveland Browns with a debt they cannot escape.
Shonda Rhimes earned $350 million from television and ABC never once paid her fairly
Shonda Rhimes generated $2 billion for ABC, signed a $300 million Netflix deal and built a $240 million fortune. She had to fight ABC for a fair salary through all of it.
Angolan billionaire Agostinho Kapaia announces plans to bring OPAIA Group into Mozambique
Angola's Agostinho Kapaia says OPAIA Group is moving into Mozambique after meeting President Daniel Chapo in Luanda
Kylian Mbappe earns $100 million a year and is building the empire that survives after football
Kylian Mbappe earns $100 million a year, is chasing the all-time World Cup scoring record and is quietly building a $250 million empire designed to survive long after football ends.
Master P turned $10,000 and a record store storage room into a $200 million empire
Master P turned a $10,000 grandfather's settlement into a $200 million empire by owning his masters, running his label like a manufacturer and outworking an entire industry.
Decade-long UK corruption case collapses as former Nigerian oil minister cleared
Jury at Southwark Crown Court acquits Diezani Alison-Madueke and her two co-defendants of every charge, ending a case that took more than a decade to reach trial
Drake built a $400 million empire and then sued the label that made him
Drake built a $400 million empire spanning music, real estate and a $100 million gambling deal, then filed an 81-page lawsuit against the label that made him a star.
Pharrell Williams turned Virginia Beach evictions into a $250 million cultural empire
Pharrell Williams went from childhood evictions and a first paycheck from McDonald's to a $250 million empire as Louis Vuitton's creative director and one of music's greatest producers.