South Africa’s richest man has now lost over $600 million so far in 2024
The key factor behind the plunge in Johann Rupert’s fortune is the recent decline in the market value of his 10.18-percent stake in Richemont.
Filipino billionaire Enrique Razon’s South African port venture faces labor union opposition
With the recent uncertainty surrounding the labor unions’ demands, Razon has seen his net worth decline by $202 million this year.
Black executive Jacinth Smiley’s leadership rewarded with $1.94-million salary in 2023
Joining Hormel Foods in April 2021, Smiley’s 2023 compensation package includes a base salary of $0.51 million and a non-equity incentive plan of $0.46 million.
Eswatini’s richest man Natie Kirsh suffers $55-million loss since start of 2024
Kirsh’s net worth has decreased by $55.4 million since the start of 2024 — falling from $7.61 billion on Jan. 1 to $7.56 billion at the time of writing.
South African executive Anthony Thunstrom earns $3.4-million salary from TFG in 2023
Thunstrom’s compensation surged by an impressive 86.8 percent compared to the previous year, reaching R34.19 million ($1.83 million).
6 companies linked to South African businessman Whitey Basson
From transforming Shoprite into a retail giant to reshaping the grocery market, Basson’s enduring impact reverberates across various sectors.
America’s second-richest Black billionaire suffers $390-million loss in 10 days
The slump in Steward’s net worth is primarily attributed to the fluctuations in the performance of his substantial 59-percent stake in World Wide Technology (WWT).
South African executive Pieter van der Westhuizen earns nearly $1-million salary in 2023
As the group’s CFO since Sept. 2013, Westhuizen’s remuneration marks an 18.4 percent increase from the R12.3 million ($0.66 million) package he received in the prior year.
5 companies linked to Siza Mzimela, the first Black woman to start an airline
From her historic role as CEO of South African Airways to founding Fly Blue Crane and leading transformative ventures.
Nigeria’s richest banker Jim Ovia’s Zenith Bank shares surge by $25 million 8 days
This surge firmly cements Ovia’s status as Nigeria’s wealthiest banker.
5 companies owned by reclusive Zimbabwean tycoon Zinona Koudounaris
Unearth his vast portfolio, spanning from Simbisa Brands’ fast-food dominance to Padenga Holdings’ global presence in luxury fashion.
South African executive Peter Mountford pockets $1.2-million salary in 2023
Mountford’s compensation package demonstrates a remarkable increase from the previous year’s total of $0.96 million.
7 companies owned by South African real estate tycoon Stephen Brookes
From affordable housing to energy solutions, delve into Brookes’ multi-millionaire league status and his commitment to community empowerment and philanthropy.
Egyptian billionaire Yasseen Mansour made $200 million last year
The $200-million surge in Mansour’s fortune in 2023 is largely linked to his investment in the family-owned conglomerate Mansour Group.
South African executive Peter Wharton-Hood pockets $1.1-million salary in 2023
Wharton-Hood, the group’s CEO since Sept. 2020, saw a notable 16.6-percent increase in his 2023 compensation package.
7 companies owned by African-American businessman Billy Vickers
From reshaping the automotive landscape to fostering diversity, Vickers’ entrepreneurial journey spans three decades, influencing top companies.