Nigerian billionaire Femi Otedola makes $171 million in 72 hours
Otedola’s stake in Geregu Power is now worth $1.15 billion, further solidifying his status as one of the continent’s most affluent businessmen.
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Patrice Motsepe’s ARM faces $1.6 billion market cap wipeout as challenges mount
Patrice Motsepe’s wealth takes a significant $1 billion hit due to the sustained downturn in the market value of his 40.37-percent stake in ARM.
South African billionaire Jannie Mouton faces $43-million loss from Capitec stake
South African billionaire Jannie Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen.
Nigerian businessman Tony Elumelu gains nearly $20 million in 55 days from UBA
Ripple effect: UBA’s double-digit share surge impacts Nigerian businessman Tony Elumelu’s fortune.
South African billionaire Saltzman family loses $22 million in 13 days
South African billionaire Saltzman family presently owns a beneficial 35.12-percent stake in Dis-Chem Pharmacies.
Africa’s richest man Aliko Dangote no longer among world’s top 100 billionaires
Currently, with a net worth of $15.8 billion, Dangote is positioned as the 107th wealthiest individual globally.
Tanzanian billionaire Rostam Aziz explores energy and mining investment in Zambia
This strategic move further extends Aziz’s business interests across Southern Africa.
LeBron James to surpass $530 million in career earnings by 2025
James’ on-court earnings for the 2023–2024 season are predicted to boost his career earnings to an impressive $479.47 million.
South Africa’s richest man donates 10,000 homes to underprivileged
Rupert, South Africa’s richest man, and his wife are the founders of the Free Market Foundation.
South African billionaire Adrian Gore sees pay dip amid unmet goals
The reduction came despite company’s robust performance because Gore failed to achieve his personal performance benchmarks.
South African tycoon Roux Shabangu to lose assets over tax debt
Shabangu is the founder of JB Holdings, a conglomerate with tentacles in commercial real estate, mining, oil and gas, and telecom.
Ethiopia’s richest man Mohammed Al-Amoudi gains $320 million
In an effort to unlock value from his early investments, Al-Amoudi is presently exploring the sale of his interest in Preem.
Africa’s first Black billionaire Patrice Motsepe suffers $1-billion wealth decline in 2023
Motsepe made history as Africa’s first Black billionaire in 2008 thanks to the remarkable success of his mining group.
South Africa’s second-richest man Nicky Oppenheimer gains $100 million in October
The recent $100-million surge in Oppenheimer’s wealth, has now pushed his year-to-date wealth gains to $925 million.
Nigerian billionaire Femi Otedola’s power company posts revenue exceeding $70 million in 9 months
Under Otedola’s leadership, the leading power-generating company has excelled across all its segments.
5 companies owned by Kenyan multimillionaire Narendra Raval
Billionaires.Africa has identified five companies owned by Raval.