South Africa’s richest man Johann Rupert gains $800 million in single day
The recent increase in his wealth figures, driven by a sharp rise in Richemont’s share price, trimmed his year-to-date losses to $442 million.
Black executive Denise Singleton earns $2.8-million salary from WestRock in 2023
Singleton’s compensation package included a $0.69-million base salary and a non-equity incentive plan compensation of $0.45 million
Nigeria’s fourth-richest man Femi Otedola invests big in Dangote Cement
This investment follows Otedola’s return to the Forbes Africa’s Richest List, where he now boasts an estimated net worth of $1.2 billion.
5 companies linked to African-American investment titan Gerald Smith
Beyond the boardrooms, discover Smith’s commitment to positive change.
South African billionaire Christo Wiese faces $54.7-million loss from Shoprite stake
Wiese’s holdings in Shoprite amount to an 11.58-percent stake, valued at more than $920 million.
South African executive Shameel Joosub earns $3.4-million salary from Vodacom
His compensation package includes a R16.64-million ($0.88 million) base salary, accompanied by a short-term incentive of R14.03 million ($0.74 million).
Meet Gerald Smith: Black executive steering a $6-billion investment firm
From his early days in retail to co-founding Smith Graham Investment Advisors, Smith’s strategic brilliance has shaped the financial landscape.
5 companies linked to Mellody Hobson, one of America’s top Black businesswomen
From Ariel Investments to Starbucks and JPMorgan Chase, delve into her strategic vision, commitment to diversity, and impact on global leaders.
One of Malawi’s richest men, Hitesh Anadkat, gains $20 million from FMB Capital
The $20.76-million surge has solidified Anadkat’s position as one of the wealthiest investors on the Malawi Stock Exchange.
7 assets owned by Kevin Cohee, founder of America’s largest Black-owned bank
From strategic acquisitions to transformative leadership, Cohee’s impact extends beyond banking, reshaping finance and championing economic empowerment.
South African billionaire Ivan Glasenberg suffers $389-million loss in first weeks of 2024
Glasenberg’s wealth is derived from his 9.81-percent stake in Glencore, a Swiss multinational commodity trading and mining company.
Nigerian insurance tycoon Wole Oshin gains nearly $2 million from Custodian stake
Oshin wields significant influence with a 26.81-percent stake, equating to 1,576,662,503 ordinary shares.
Nigerian businessman Tony Elumelu gains $14 million from UBA stake
Tony Elumelu, with his 7.39-percent stake in UBA, equivalent to 2,527,372,285 shares, stands out as one of the Nigerian Exchange’s most affluent investors
5 companies propelling the legacy of Black investor John W. Rogers, Jr.
From founding Ariel Investments to strategic investments in Madison Square Garden Entertainment and Generac, Rogers, Jr.’s impact resonates across diverse sectors.
5 companies linked to Nigerian lawyer and business executive Ifeoma Esiri
With more than 25 years of expertise and a pivotal role in Stanbic IBTC Holdings, she advocates for ethical governance while reshaping the nation’s financial landscape.
South African executive Bongiwe Ntuli pockets $1.6-million salary at TFG
Ntuli’s pay saw a significant 62.45-percent increase in 2023, compared to the prior year’s R18.16 million ($0.97 million).