South African tycoon Raymond Ackerman, founder of Pick ‘n Pay, dies at 92
Ackerman’s passing marks the end of an era in South African retail, but his enduring legacy will continue to inspire future generations.
Egypt’s newest billionaires: El-Sewedy family’s electric firm stake hits $1.1 billion
The El-Sewedy family’s fortune has seen an exceptional upturn this year, solidifying their position among Egypt’s billionaire elite.
South African billionaire Patrice Motsepe’s ARM pursues lithium and copper assets
Motsepe expressed concerns about the soaring prices of these essential metal assets in the context of the clean energy transition.
7 companies owned by Michael Jordan
This year alone, Jordan’s fortune has grown by $1.8 billion, solidifying his status as one of the world’s richest Black billionaires.
Aliko Dangote’s sugar firm soars, becoming Africa’s newest billion-dollar empire
This remarkable milestone has further solidified Dangote’s status as the richest man on the African continent.
Africa’s first Black billionaire Patrice Motsepe to receive $56 million in dividends from ARM
Motsepe, who founded ARM in 1997 as South Africa’s first Black-owned mining firm, presently owns a 40.37-percent stake in the company.
Insurance firm linked to Kenya’s Peter Munga achieves $11.2 million in H1 profit
Munga owns a significant stake in Britam Holdings, with 72 million shares, making him one of its largest shareholders.
5 companies linked to South African billionaire Ivan Glasenberg
Glasenberg’s substantial stake in Glencore, acquired through his funds and dividends, now stands at 9.81 percent, worth $6.67 billion.
South African billionaire Patrice Motsepe’s ARM sees profits fall below $500 million
African Rainbow Minerals (ARM) is a South Africa-based diversified mining group led by influential billionaire Patrice Motsepe,
Nigerian oil tycoon Wale Tinubu’s Oando to acquire Italian-owned NAOC
Tinubu emphasized that this announcement underscores the indispensable role played by indigenous companies in Nigeria’s upstream sector.
Tony Elumelu to co-chair G20 business council in India
Elumelu joins a prestigious group of 38 private sector leaders accompanying Nigerian President Bola Ahmed Tinubu to the Nigeria-India presidential roundtable.
Nishlan Samujh: 48-year-old South African tycoon with $2.2-million stake in Investec
Samujh’s journey is not just a story of personal financial success but a testament to his strategic prowess in propelling Investec to new heights.
South African executive Nishlan Samujh earns $5.4-million salary at Investec
Beyond his executive and governance responsibilities, Samujh holds a substantial 3.13-percent stake in Investec.
Michael Jordan’s sneakers fetch $2.2 million, becoming world’s most expensive ever sold
Jordan’s journey from a basketball icon to a billionaire continues to captivate the world, underscoring his mark on sports history and the business world.
Namibian tycoon Quinton van Rooyen’s group launches $5.3-million share buyback plan
Van Rooyen owns a 63.94-percent stake in the company. This stake, which amounts to a total of 1,004,000,060 ordinary shares in the group.
Africa’s richest man Aliko Dangote back among world’s top 100 billionaires
The majority of Dangote’s wealth is anchored in his 86-percent stake in Dangote Cement, Africa’s largest cement producer.