South African furniture tycoon Eric Ellerine suffers $2.9-million loss in Sabvest Capital stake
Ellerine remains one of the wealthiest investors on the Johannesburg Stock Exchange and a prominent businessman in the country.
Ursula Burns, first Black woman CEO of Fortune 500 company, rakes in $3.4 million from Uber stake
The meteoric rise in Uber’s share price has propelled the company’s market ca. to more than $90 billion, resulting in lucrative gains for its investors, including Burns.
Aliko Dangote reclaims title of richest investor on NGX, as Dangote Cement stake skyrockets to $6.6 billion
The surge in the shares of Dangote Cement, Africa’s largest cement company, was the driving force behind Dangote’s resurgence.
Moroccan pharma tycoon Lamia Tazi loses more than $15 million from stake in Sothema
Tazi holds a substantial 8.4-percent stake in the leading healthcare company, or 605,030 issued shares.
Top Black CEO Marvin Ellison rakes in almost $7 million from Lowe’s shares
Ellison’s minority 0.038-percent stake in Lowe’s translates to a total of 224,800 shares.
Meet Calvin Butler, Jr., one of the newest Black executives leading America’s biggest companies
As corporate America embraces change and inclusivity, Calvin Butler, Jr. stands at the forefront, leading with purpose and vision.
ArcelorMittal plunge wipes out $5.7 million from wealth of South African tycoon Noluthando Gosa
Gosa derives the majority of her fortune from a well-diversified investment portfolio, including a 6.15-percent stake in the Gauteng-based steelmaker.
South African businessman Adrian Gore gains nearly $50 million in 48 days
The recent surge in Gore’s wealth can be attributed to the renewed interest from investors on the Johannesburg Stock Exchange.
7 companies owned by Africa’s first Black billionaire, Patrice Motsepe
Billionaires.Africa has identified and cataloged various companies and holdings linked to Motsepe.
Luxury goods business of Africa’s richest man Johann Rupert registers almost $6 billion in Q1 sales
Despite the impressive financial performance, Richemont experienced an unexpected drop in share price on the Swiss Exchange.
Geregu surpasses $1 billion market cap as Otedola partners AFDB to build Nigeria’s first-ever PPP power transmission project
This recent boost follows reports that Otedola is partnering with the Lagos State government to develop a power transmission project.
5 companies owned by Nigerian billionaire Femi Otedola
As one of Africa’s richest individuals, Otedola continues to wield significant influence in Nigeria’s economic landscape.
South African exec Dominic Sewela’s stake in Barloworld now worth $2 million
Sewela, the group CEO of Barloworld, holds a 0.23-percent minority stake in the South African industrial powerhouse.
Rebosis, founded by South African tycoon Sisa Ngebulana, gears up for resurgence as buyers flock with purchase offers
Rebosis Property Fund is a real estate investment trust company.
7 companies owned by Kenya’s wealthy Kirubi family
Following his passing in 2021, Chris Kirubi’s son, Robert Kirubi, and daughter, Mary-Ann Musangi, inherited 80 percent of his vast fortune.
South African billionaire Koos Bekker’s net worth surges by $100 million back to $2.5 billion
With a net worth of $2.5 billion, Bekker ranks among the wealthiest billionaires on the African continent.