Nigerian billionaire Femi Otedola makes $250 million in eight days
With Geregu Power’s impressive performance and Otedola’s rising fortunes, the company solidifies its position as a key player in Nigeria’s energy sector.
Adebayo Ogunlesi: Nigerian billionaire whose firm owns London’s Gatwick Airport
Ogunlesi’s journey from the streets of Nigeria to the skyscrapers of New York is nothing short of extraordinary.
Nigerian tycoon Tony Elumelu’s UBA records $570 million in profit in 9 months
Elumelu, who owns a 7.39-percent stake in UBA, equivalent to 2,527,372,285 ordinary shares, ranks as one of the wealthiest investors on the Nigerian Exchange.
Kevin Durant nears $400 million in career earnings milestone in current NBA season
Durant’s salary for the season, which includes impressive cash incentives, is expected to reach a staggering $46.4 million.
Cement empire of Nigeria’s second-richest man surpasses $420 million in 9M revenue
This underscores the financial success of BUA Cement under Rabiu, a prominent industrialist who has solidified his standing as Nigeria’s second-richest man.
Magic Johnson joins billionaire club as his wealth crosses $1-billion mark
Johnson’s empire extends far beyond the realm of sports. He is a majority owner of EquiTrust, a life insurance company that he acquired in 2015.
Cameroonian superstar Francis Ngannou earns $10 million in debut boxing fight against Tyson Fury
Ngannou’s spectacular performance against Tyson Fury sparks speculation of a showdown with Deontay Wilder among fight fans.
5 companies owned by Kenyan businessman John Kibunga Kimani
Billionaires.Africa has identified and tracked companies owned by Kimani.
Bank linked to Nigerian billionaire Femi Otedola rakes in $290 million in profit
As a top shareholder in the Lagos-based lender, Femi Otedola stands to benefit from FBNH’s impressive financial performance.
South African exec Mark Blair faces pay cut as Mr. Price misses financial goals
The decline in Blair’s remuneration underscores the complex relationship between executive compensation and a company’s financial performance.
Aliko Dangote’s cement empire achieves 9-month profit exceeding $340 million
Dangote Cement’s remarkable financial performance and ability to sustain profit growth solidify its position as a top player in the African cement industry.
South African businessman Gus Attridge loses $11.96 million in 24 days
Attridge, Aspen’s group chief advisor, who ranks as one of South Africa’s richest businessmen, owns a 4.26-percent stake in the pharmaceutical holding company.
Michael Jordan, worth $3 billion, now ranks as world’s sixth-richest Black individual
With a net worth of $3 billion, only five Black individuals globally surpass Jordan’s financial standing.
Nigerian billionaire Femi Otedola makes $171 million in 72 hours
Otedola’s stake in Geregu Power is now worth $1.15 billion, further solidifying his status as one of the continent’s most affluent businessmen.
Patrice Motsepe’s ARM faces $1.6 billion market cap wipeout as challenges mount
Patrice Motsepe’s wealth takes a significant $1 billion hit due to the sustained downturn in the market value of his 40.37-percent stake in ARM.
4,095 South African jobs at risk as Neal Froneman-led Sibanye unveils restructuring plan
Sibanye-Stillwater has grown into a leader in the mining industry under the leadership of South African businessman Neal Froneman.