Egyptian billionaire Ahmed Ezz loses $47 million in 16 days from Ezz Steel stake
Ezz owns a 60.7 percent of the company, or 329,816,198 shares, in the steel behemoth.
U.S.-Nigerian telecom tycoon Sam Darwish suffers $14-million loss in 23 days
This recent paper loss comes on the heels of the impressive $70-million gain he recorded between Oct. 27 and Nov. 14
Royal family of Morocco loses $119 million from stake in Attijariwafa Bank
Members of Morocco’s Alaouite royal family own a 46.5-percent stake in the financial services group through Societe Nationale d’Investissement.
South African tycoon Laurie Dippenaar rakes in $15 million in just 18 days
The $15.52-million bump in the market value of Dippenaar’s stake in FirstRand further cements his position as one of South Africa’s richest businessmen.
Nigerian energy tycoon Bryant Orjiako’s stake in Seplat surges by $30 million
Orjiako, a former director of the Lagos-based energy conglomerate, holds a 6.43-percent stake in Seplat Energy.
Nigerian energy magnate Austin Avuru gains $39.1 million from Seplat stake
As one of the founders and former directors of the Lagos-based energy conglomerate, Avuru owns a significant 8.2-percent stake in Seplat Energy.
South African tycoon Gus Attridge rakes in $19 million from Aspen shares
The upswing comes on the heels of a setback that led to Attridge recording a loss of $11.96 million between Oct. 2 and Oct. 26.
Egypt’s billionaire El-Sewedy family loses $132 million in 36 days
Ahmed El-Sewedy and his siblings, Sadek and Mohammed, hold a controlling and beneficial stake of 68.1 percent in Elsewedy Electric.
Top Black CEO Marvin Ellison gains $3.4 million from Lowe’s shares
The $3.4-million surge in Ellison’s stake in Lowe’s further cements his status as one of the world’s highest-ranking Black CEOs.
Egyptian tycoon Medhat Khalil’s Raya Holdings stake surges by $19 million
Khalil owns a majority stake of 58.1 percent in Raya Holding — a total of 1,245,661,205 shares.
South African tech tycoon Zak Calisto makes over $30 million in 23 days
This reaffirms his position as one of Africa’s wealthiest technology entrepreneurs — it also highlights Karooooo’s position as a top-performing tech firm.
Nigeria’s richest banker Jim Ovia makes $13 million from Zenith Bank stake in 8 days
Ovia, a key figure in Nigeria’s banking industry’s evolution and digital transformation, founded Zenith Bank in 1990.
Wealthy Kenyan tycoon Andrew Ndegwa gains $2 million in 19 days
This recent surge solidifies Ndegwa’s position as one of Kenya’s wealthiest investors.
Nigerian tycoon Wole Oshin makes another $1.4 million from Custodian stake
Custodian Investment surges 10 percent on NGX as market capitalization tops $55 million.
Nigerian gambling magnate Kessington Adebutu gains $3.7 million from Wema Bank stake
Adebutu, the founder of Nigeria’s oldest gaming company, Premier Lotto Limited, owns a 28.09-percent stake in Wema Bank through Neemtree Limited.
Egyptian tycoon Hend El-Sherbini suffers $24-million loss from IDH investment
El-Sherbini owns a significant 26.71-percent stake in IDH — this translates to 160,250,305 ordinary shares in the company.