LeBron James’ SpringHill lost nearly $30 million last year amid Hollywood woes
This comes despite James' net worth soaring past the $1 billion mark this year.
Billionaires
Egyptian billionaire Naguib Sawiris’ net worth skyrockets to $5.8 billion
Sawiris predominantly holds his wealth in cash and closely held assets.
Meet the world’s 19 Black billionaires in 2023
While some Black billionaires have not fared well since the start of the year, others have built on their fortunes.
Nigerian billionaire Mike Adenuga’s net worth declines by $100 million in 43 days
Despite recent wealth decline, Adenuga’s net worth is up $500 million YTD.
5 South African billionaires at risk of losing millions of dollars as rand depreciates against U.S. dollar
The depreciation of the rand could potentially threaten the net worth of South African billionaires and millionaires.
Egypt’s richest man Nassef Sawiris sees near $300-million increase in net worth in 2023
Sawiris derives the majority of his wealth from his six-percent stake in Adidas and 38.8-percent stake in OCI N.V.
South African billionaire Patrice Motsepe donates $1.64 million to assist students struggling with debt
Motsepe is a prominent figure in Africa, renowned as both a top philanthropist and a billionaire.
Top 5 African billionaires add $3.05 billion to their wealth in just 45 days
They have gained $3.052 billion in net worth since the start of the year.
Elon Musk’s SpaceX secures license to launch Starlink in Rwanda
Musk’s Starlink provides global high-speed, low-latency broadband Internet.
Meet Egypt’s top five richest billionaires
These billionaires hold 6.1 percent of the country’s total private wealth.
Jay-Z, Bacardi reach settlement in billion-dollar dispute
Bacardi has agreed to buy out the majority of Jay-Z’s 50-percent stake in D’Usse.
U.S. Black billionaire Robert Smith’s Vista takes over KnowBe4 in cash deal
Smith is a successful private equity investor and philanthropist, who has been ranked among the top 100 richest people in the world.
Nigerian billionaire Aliko Dangote reigns as Africa’s richest man for 12 consecutive years
The slump can be linked to the performance of his stake in his flagship business, Dangote Cement.
Meet Mohammed Dewji, Tanzania’s ‘King of Wealth,’ with $1.5-billion net worth
Dewji showcases his philanthropic spirit through his role as the founder and financier of the Mo Dewji Foundation.
More than 100 millionaires call for wealth tax to combat inequality
Oxfam revealed earlier this week that three of Nigeria’s richest men are worth more than 83 million Nigerians.