South African billionaire Stephen Saad suffers $28-million loss in 10 days
South African billionaire and pharmaceutical tycoon, Stephen Saad’s stake in Durban-based pharmaceutical company Aspen Pharmacare Holdings has declined by more than $28…
America’s second-richest Black man David Steward loses $380 million in 8 days
The recent slump in Steward’s net worth is attributed to his substantial 59-percent stake in World Wide Technology.
Black executive Rene F. Jones earns $9.4-million salary from M&T Bank in 2022
Jones stepped into the CEO in December 2017 role after a stint as Chief Financial Officer from 2005 to 2016, where he skillfully handled the lender’s financial affairs.
Ethiopia’s richest man Mohammed Al-Amoudi’s net worth soars by $2.83 billion
Ethiopian business mogul Mohammed Al-Amoudi claims the 268th spot among world’s richest billionaire.
10 richest people on the Malawi Stock Exchange
Prominent figures benefiting significantly from the recent bullish trend on the Malawi Stock Exchange include Hitesh Anadkat and Thom Mpinganjira.
Black executive Calvin Butler earns $6.3-million salary from Exelon in 2022
Under Butler’s stewardship, Exelon is poised for continued growth.
Swazi billionaire Natie Kirsh gains $170 million in 19 days
Natie Kirsh’s fortune experienced a surge of $170 million in just 19 days, rising from $6.99 billion on October 21 to $7.16 billion on November 9.
5 richest retail tycoons in South Africa
The transformation of South Africa’s retail landscape owes its momentum to billionaire proprietors and executives who have ascended to unprecedented heights.
Namibian tycoon Quinton van Rooyen loses nearly $10 million in just nine days
Quinton van Rooyen, who owns a 63.94 percent stake in Trustco Group, is regarded as one of Namibia’s wealthiest individuals.
Led by pan-African billionaire Benedict Peters, Aiteo launches new premium crude oil grade to global market
The new premium crude oil grade was unveiled at the ongoing Argus European Crude Conference.
30 richest South Africans on the JSE
Africa’s first Black billionaire, Patrice Motsepe, retains top spot as the richest investor on the Johannesburg Stock Exchange
Tony Elumelu’s UBA promises backing for Nigerian and African small business owners
Elumelu, who owns a 7.39-percent stake in UBA, is not only one of the wealthiest investors on the Nigerian Exchange but also one of Nigeria’s most affluent individuals.
7 richest people on the Uganda Securities Exchange
Here are the seven individuals who currently hold the most valuable portfolios on the Uganda Securities Exchange:
South Africa’s richest man Johann Rupert gains $900 million in 8 days
With this latest increase in his net worth, Johann Rupert has solidified his status as South Africa’s richest individual
10 richest people on the Nairobi Securities Exchange in November 2023
According to the latest list, well-known Kenyan business figures like John Kimani, James Mwangi and Gideon Muriuki have taken a hit in their wealth so far this year.
South African billionaire Koos Bekker gains $200 million in 15 days
Koos Bekker ranks as one of Africa’s richest billionaires, trailing fellow South African billionaires Johann Rupert and Nicky Oppenheimer.