South African-born billionaire Patrick Soon-Shiong’s fortune plunges by $1.1 billion in 16 days
Soon-Shiong’s net worth plunges by $1.1 billion due to the declining value of ImmunityBio shares.
U.S. President Joe Biden commits $300-million credit facility to Strive Masiyiwa’s ADC
Owned by Zimbabwean billionaire Strive Masiyiwa, ADC is a carrier-neutral data center provider affiliated with Cassava Technologies.
Shoprite shares slump costs South African billionaire Christo Wiese $159.7 million in net worth
Over the past 118 days, Wiese’s stake in Shoprite has suffered a significant decline.
Egyptian billionaire Mohamed Mansour makes historic $6.2-million donation to UK Conservative Party
The contribution marks the largest individual donation received by the party in the past two decades.
Nigerian billionaire banker Jim Ovia scores $43-million gain from Zenith Bank stake
Ovia’s stake in Zenith Bank soars, adding $42.93 million in value in 34 days amid a bullish market.
Nigerian businessman Tony Elumelu’s stake in UBA now worth $44 million
Elumelu’s strategic acquisition boosts stake in UBA to $44 million, cementing position as one of Nigeria’s leading investors.
Bank linked to Tanzanian billionaire brothers enters insurance market with new subsidiary
CRDB Bank linked to Tanzanian billionaire brothers has expanded into the insurance market with a new subsidiary.
Nigerian banking legend Subomi Balogun dies at 89
Balogun founded First City Merchant Bank, a company that later became FCMB Group, a large financial conglomerate in Nigeria.
Serena Williams scores big off-court rakes in $45.3 million in 2022
The tennis legend ranks 49th on Forbes’ highest-paid athletes’ list.
South African billionaire Laurie Dippenaar’s stake in FirstRand plunges by $37 million
Dippenaar faces a significant decline in the valuel of his FirstRand stake amid the continuing market downturn.
Kenyan tycoon Julius Mwale teams up in high-stakes $800-million Forbes acquisition
Mwale leads the historic Forbes acquisition, marking Africa’s rising influence in reshaping global perceptions.
South African billionaire Michiel Le Roux bounces back with $200-million net worth surge
Le Roux stages remarkable comeback, reclaiming billionaire status with soaring net worth.
Disgraced billionaire Carlos Sao Vicente fails to secure $2.6-million release from Singapore Bank
Disgraced Portuguese-Angolan billionaire businessman, Sao Vicente faces legal setback as Singapore court denies access to funds.
Kenyatta family’s stake in NCBA Group suffers $11.26-million decline in 2023
The Kenyatta family’s equity holdings in NCBA Group see a $11.26-million decline as stock market volatility persists.
South African tycoon Ivan Saltzman to sell $41 million worth of Dis-Chem shares to executives
Saltzman, along with his wife Lynette, co-founded Dis-Chem Pharmacies in 1978.
Tanzanian billionaire Rostam Aziz to build $140-million solar project in Zanzibar
Aziz, one of Tanzania’s wealthiest men, has tentacles in telecoms, aviation, mining, real estate, and port management.