South Africa’s richest man Johann Rupert’s net worth hits $17 billion
Rupert owns a 10.18 percent equity stake in Richemont and controls 51 percent of its voting rights through 6.26 million “A” shares and 522 million “B” shares.
Mauritian executive Aisha Timol leads Cim Group to $5.6 million profit in Q1 2025
Profit after tax grew by 13.6 percent, increasing from $4.97 million in the same period last year to $5.65 million.
Africa’s richest man Aliko Dangote plans $400 million cement expansion in Ethiopia
The move is expected to double the facility’s annual capacity to 5 million tonnes, strengthening Dangote Cement Plc’s position as Africa’s leading cement manufacturer.
Mauritian businessman Arnaud Dalais-led CIEL sees half-year profit slump below $50 million
While revenue edged higher, the group’s profit took a hit, weighed down by new tax levies and weaker contributions from its agro business.
Nigerian gambling magnate Kessington Adebutu stake in Wema Bank rebounds above $47 million
In the past three weeks, the value of his stake has risen by $5.23 million, recovering from a sharp decline earlier this year.
Aliko Dangote’s fortune rebounds: Africa’s richest man nears $30 billion
A surge in the market value of his stake in Dangote Cement, Africa’s largest cement maker, has added $800 million to his wealth in just three day.
Kenyan tycoon John Kimani faces $1.92 million loss on Kakuzi shares
Beyond Kakuzi, he holds a 5.21 percent stake in Centum Investments and 3.86 percent in Nation Media Group, spreading his bets across multiple sectors.
Magic Johnson’s fortune soars: Net worth jumps $200 million to hit $1.6 billion
This marks a staggering $400 million increase over the past year, driven by a diverse investment portfolio spanning sports, insurance, and consumer-facing businesses.
Junior Bridgeman joins the ranks of U.S. Black billionaires with $1.4 billion fortune
He stands alongside Michael Jordan, Magic Johnson, and LeBron James as one of the few NBA players to amass a billion-dollar fortune.
Nigerian billionaire Femi Otedola's FBN rebrands to First HoldCo Plc as assets surpass $17 billion
The rebranding reflects a future-focused vision built on a legacy of trust, resilience, innovation, and exceptional service.
Natie Kirsh, Eswatini’s richest man, nears $10 billion after $521 million gain this year
His wealth has now climbed from $9.3 billion to $9.85 billion, adding to the $1.77 billion he gained in 2024.
Diddy sues NBCUniversal, Peacock for $100 million over explosive ‘Bad Boy’ documentary
The lawsuit states that the filmmakers acted with “reckless disregard” for the truth, choosing sensationalism over facts.
Two years after Funke Opeke’s MainOne deal, Equinix unveils $1 billion data center in Saudi Arabia
The announcement was made at the LEAP 2025 tech conference in Riyadh, which brought together participants from 18 countries.
Africa’s richest man, Aliko Dangote’s net worth grows by $201 million in 24 hours
With this latest boost, his year-to-date loss has narrowed to $461 million.
Nigerian tech entrepreneur Victor Alade’s Raenest secures $11 million to expand cross-border payment solutions
This latest funding follows a $700,000 pre-seed round in 2022 and a $2.6 million seed round in 2023, bringing Raenest’s total funding to $14.3 million.
Internet group led by South African billionaire Koos Bekker buys back $196 million in shares
While continuing its buyback program, Prosus is also looking ahead, with plans to invest nearly $20 billion in Europe.