5 richest industrialists on the Nigerian Exchange
Here are the five richest industrialists on the Nigerian Exchange who have made remarkable contributions to the Nigerian economy.
Black CEO Craig Arnold rakes in $30 million in 2023
Arnold assumed the roles of chairman and CEO of Eaton on June 1, 2016. He owns a beneficial 0.13 percent stake in the power company.
Africa’s first Black billionaire Patrice Motsepe hit by $200-million loss
The decline in Motsepe’s net worth can be attributed to the downturn in the market value of his 39.7-percent stake in African Rainbow Minerals.
Kanye West’s Yeezy sneakers return for second sale amid high demand
In May, Adidas announced its decision to sell off the inventory of Yeezy sneakers created in partnership with West.
Gail Kelly: South African-born exec and first female CEO of a major Australian bank
Gail Kelly’s career reached new heights when she was appointed the first female CEO of a major Australian bank, the revered St. George Bank, in 2002.
Currency fluctuation wipes $400 million from Dangote’s wealth in 24 hours
Dangote’s net worth had recently surged to $11.2 billion, putting him on the verge of reclaiming the title of Africa’s richest man.
Michael Jordan finalizes sale of Hornets stake in $3-billion deal
The deal, valued at an impressive $3 billion, marks the end of Michael Jordan’s decade-long tenure as the franchise’s chief decision-maker.
Mxolisi Mgojo: South African tycoon with $4.8 million in Exxaro shares
Under Mgojo’s leadership, Exxaro Resources attained unprecedented heights.
Sean ‘Diddy’ Combs faces setback as Cannabis producers terminate $185-million deal
For Combs, this development is a setback in his ambitions to diversify and expand his business ventures, especially in the cannabis industry.
Dangote’s net worth hits $11.2 billion, paving way to reclaim Africa’s richest title
The recent rebound in Dangote’s net worth is a testament to the resilient performance of his diverse business ventures amid challenging economic conditions.
7 companies owned by South African billionaire Saltzman family
Billionaires.Africa has identified seven companies with direct or indirect interests associated with the Saltzman family.
South African tycoon Barry Swartzberg rakes in $10-million gain on JSE
Swartzberg’s stake in Discovery has increased from $205.01 million on July 5 to $215.05 million.
South African billionaire-led firm to snap up Viagra and others for $280 million
Aspen Pharmacare is a branded pharmaceutical company.
South African tycoon Jonathan Jawno faces $106-million stock wipeout
As a founding member of Transaction Capital, Jawno holds a significant 9.59-percent stake in the investment holding.
Alex Karp rejoins elite Black billionaires with over $2 billion in net worth
The surge in Karp’s wealth has positioned him as one of the six Black billionaires in America with fortunes exceeding $2 billion.
Million-dollar estate owned by Kenyan tycoon David Langat pulled from auction at the last minute
Langat built his fortune through import and export ventures and diversified into agribusiness, real estate, energy, hospitality and insurance.