South African billionaire Michiel Le Roux gains $100 million within 24 hours
The recent uptick in his fortune can be attributed to the performance of his 11.39-percent stake in Capitec Bank.
Companies owned by Nigerian multimillionaire businessman Tony Elumelu
Beyond his ventures, Elumelu champions entrepreneurship. The Tony Elumelu Foundation empowers African entrepreneurs through seed capital, training, and mentorship.
Companies owned by African-American billionaire filmmaker Tyler Perry
From iconic film studios to streaming platforms, wines, fashion, and philanthropy, delve into the seven companies that contribute to Perry’s $1-billion empire.
South African executive Tim Jacobs takes home $1.3-million salary in 2023
The compensation package marks a notable 27.8 percent increase compared to the R19.92 million ($1.05 million) remuneration he received in the previous fiscal year.
South African billionaire Christo Wiese’s stake in Shoprite slumps by $50 million
Wiese owns an 11.5-percent stake in the leading supermarket chain, which translates to a total of 68,083,200 ordinary shares in the group.
Companies owned by the world’s richest Black woman, Oprah Winfrey
Winfrey’s story is one of empowerment, philanthropy, and astute entrepreneurship, making her a trailblazer in both media and business.
Top Black CEO Marvin Ellison gains $3.3 million from Lowe’s shares
The recent $3.35-million surge in Ellison’s stake in Lowe’s further solidifies his position as one of the wealthiest Black CEOs in the U.S.
South African executive Simon Crutchley pockets $2.8-million salary in 2023
In addition to his executive roles, Crutchley holds a 0.25-percent stake in AVI Limited.
Black executive Kenneth Frazier gains $11 million from Merck & Co. stake
Frazier, who ranks as one of America’s top Black executives, holds a minority stake of 0.028-percent stake in Merck & Co.
South African executive Jannie Durand pockets $2.1-million salary from Remgro
Durand’s compensation comprises a base salary of R12.8 million ($0.67 million) and a short-term incentive of R0.44 million ($0.023 million).
South Africa’s Ackerman family gains $29 million in 27 days from Pick‘n Pay shares
The Ackerman family, known for their wealth and diverse investments, currently holds a significant 25.53-percent stake in Pick ‘n Pay, equivalent to 124,677,238 shares.
African-American billionaire Alex Karp gains $600 million in just 9 days
The recent increase in his fortune is linked to the performance of his 2.63-percent stake in Palantir Technologies.
Tanzanian billionaire Rostam Aziz to pocket millions from sale of container terminal
Aziz, 59, was the first Tanzanian to boast of a billion-dollar fortune according to Forbes.
Egyptian billionaire Yasseen Mansour rakes in $2.8 million from real estate firm
Mansour owns a sizable 5.6-percent stake in the Cairo-based real estate firm, which translates to 202,291,698 ordinary shares.
Nigerian banker Herbert Wigwe dies in helicopter crash
Wigwe died on Saturday in a helicopter crash in the United States.
Angola plans IPO for Unitel after seizing control from Africa’s first female billionaire
As Angola positions itself on the global stage, the planned IPO for Unitel and the stake sale in Banco de Fomento Angola reflect the government’s commitment to fostering economic growth.