South African billionaire Adrian Gore-led group posts $280 million in profit in 2023
Discovery was founded in 1992 by Gore as a medical insurer.
Nigerian president awards highway project to billionaire linked to Sani Abacha
Chagoury’s success has not been without controversy.
Alicia Boler Davis: African-American engineer serving on JPMorgan’s board
Davis’ influence extends far beyond her corporate achievements; she is a tireless champion for women in the automotive industry.
South Africa’s second-richest man Nicky Oppenheimer hit by $200-million loss in 2 days
Despite the recent decline in his fortune, Oppenheimer’s year-to-date gain presently aggregates to a substantial $925 million.
Former director pleads guilty to embezzling $2.2 million from 50 Cent’s company
The embezzlement scheme dates back over two years, coinciding with 50 Cent’s purchase of $14.8 million worth of champagne and cognac from two French distilleries.
Kanye West didn’t mean antisemitic comments, says Adidas CEO Bjorn Gulden
Last year, Adidas ended its lucrative collaboration with West following a series of offensive and antisemitic comments.
Nigerian billionaire Mike Adenuga in spotlight over $260-million debt and bribery allegations
Adenuga, whose net worth stands at $3.5 billion, ranks as one of Nigeria’s most prominent and wealthiest businessmen.
South Africa’s richest man Johann Rupert loses $3.4 billion in just 10 weeks
Despite this recent setback, Rupert retains his status as South Africa’s wealthiest individual, surpassing fellow South African magnate Nicky Oppenheimer.
Egypt’s richest man Nassef Sawiris loses $103 million in 5 days
Despite the recent $103 million decline in his fortune, Sawiris’ present fortune of $7.51 billion makes him the 303rd richest individual globally.
7 companies linked to South African tycoon Sim Tshabalala
Billionaires.Africa has discerned five enterprises, in which Tshabalala assumes directorial or executive responsibilities.
7 assets owned by Kevin Durant
Durant is one of the world’s highest-paid athletes, with lucrative endorsements from big names like Gatorade, Degree, and a recent lifetime sneaker deal with Nike.
Stephen Saad’s Aspen to pioneer South Africa’s first human insulin production
Established in 1997 by Saad, Aspen has steadily expanded its global presence in the pharmaceutical sector.
Africa’s richest man Aliko Dangote’s refinery imports crude ahead of launch
The Dangote Oil Refinery project stands as a resounding testament to the unwavering dedication of Aliko Dangote and the Dangote Group.
Shoprite to pay South African billionaire Christo Wiese $13.8-million dividend
Wiese owns an 11.58-percent stake in Shoprite, valued at more than $900 million.
Africa’s richest man Aliko Dangote’s refinery to commence operations by October
Despite these delays, Dangote’s fortune has witnessed a remarkable surge, catapulting him back among the world’s top 100 billionaires.
Ugandan tycoon denies plans to pay Burna Boy $1 million for stadium opening
The reaction by Kiggundu, confirmed by sources close to him, follows a flurry of media reports initially disclosed by Kenyan online newspaper Tuko.