Nigeria’s richest banker Jim Ovia reaps $21.9 million in 26 days from Zenith Bank stake
Ovia’s 16.2-percent stake in Zenith Bank, comprising 5,072,104,311 ordinary shares, accounts for the majority of his fortune.
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Botswana-based mogul Jonathan Gibson gains over $5 million from stake in Chobe Holdings
Gibson’s stake in Chobe Holdings has increased by $5.23 million since the start of the year, solidifying his position as one of Botswana’s richest investors.
Patrice Motsepe’s fortune takes hit, shrinks by $100 million and plunges below $2.5 billion
Despite seeing his net worth decline by $800 million since the start of 2023, Motsepe continues to demonstrate his commitment to philanthropy.
American-Nigerian mogul Sam Darwish’s IHS dragged to court by French firm Wendel
Under the leadership of Darwish, IHS Holding has also witnessed modest growth. The company’s total assets have reached $6.49 billion.
Kenyan multimillionaire David Langat’s properties to be auctioned over debt
Langat, the founder and chairman of DL Group, is one of the largest indigenous producers and exporters of Kenyan tea.
Alami Lazraq scores $40-million gain from stake in Casablanca property developer
Lazraq, who controls 51.7 percent of ADI, owns 11,410,669 ordinary shares of the company valued at more than $100 million.
Dangote nears return as Africa’s richest man as net worth rebounds above $10 billion
At the time of writing, the wealth gap between Dangote and Johann Ruper stands at $1.1 billion.
Nigerian billionaire Abdul Samad Rabiu takes $3.14-billion hit in just over a month
Rabiu’s net worth is estimated at $5.1 billion, falling short of the $5.16-billion cutoff required to join the world’s 500 richest list.
South Africa’s second-richest man Nicky Oppenheimer suffers $150 million loss in five days
The decline can be attributed to losses incurred from Oppenheimer’s investments in private equity firms.
Walgreens stock wipeout costs world’s highest-ranking Black CEO Roz Brewer nearly $1 million
Brewer, who holds the 27th position on the Fortune 500 list, boasts nearly 20 years of leadership experience.
Meet Chris Womack: Newest member of elite Black executives leading America’s biggest companies
Womack stands tall as a symbol of progress in an era of transformative change and increased focus on representation.
African-American tech billionaire Alex Karp’s net worth nears $2 billion amid Palantir stock surge
Karp is the co-founder of Palantir Technologies, a U.S. firm that specializes in big data analytics.
Nigerian businessman Ken Etete pays $15 million to acquire FPSO
Nigerian multimillionaire Ken Etete, 48, serves as the chairman and CEO of Century Group, which is the first domestic energy infrastructure provider.
Hip-Hop’s first billionaire Jay-Z acquires Brazilian football agency
Jay-Z, the world’s first Hip-Hop billionaire has acquired TFM Agency, a Brazilian football agency.
South African tycoon Saki Macozoma owns $125-million mining fortune
Macozoma’s boasts a shareholding in the Tshipi Borwa manganese mine that is now valued at $125.1 million.
Johann Rupert remains Africa’s richest man, despite $900-million decrease in net worth
The decline in Rupert’s net worth can be attributed to the reduction in the market value of his 9.14-percent stake in Richemont.