South African billionaires Patrice Motsepe, Johann Rupert score another rugby club takeover
A consortium linked to Motsepe and Rupert has purchased a 74-percent stake in the Boland Cavaliers.
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The 10 most expensive homes in South Africa for sale
From the iconic Sandhurst to the exclusive suburbs of Bantry Bay and Clifton, these are the 10 most expensive homes for sale in South Africa in June 2023.
IBM to invest up to $5 billion in firm linked to America’s richest Black billionaire
Vista Equity Partners has established itself as a dominant force in the technology sector.
Cosmetics billionaire Rihanna steps down as CEO of Savage X Fenty, Hillary Super named new CEO
With Rihanna’s transition and the appointment of Hillary Super as CEO, Savage X Fenty is positioned for continued growth and success.
Angolan billionaire Isabel dos Santos accused by Dutch court of diverting $57.3 million
Accusations of corruption have long plagued dos Santos, including allegations that she and her husband siphoned $1 billion from state funds.
Nigerian tycoon Abdul Samad Rabiu falls out of Bloomberg Billionaires Index
Rabiu is no longer ranked on the Bloomberg Billionaires Index of the 500 richest people in the world.
Nigerian billionaire Aliko Dangote’s net worth dips below $10 billion
The net worth of Nigerian billionaire Aliko Dangote has dipped below the $10-billion mark, according to Forbes.
South African billionaire Ivan Glasenberg rakes in $310 million in just two weeks
This notable increase in Ivan Glasenberg’s net worth can be directly attributed to the recent performance of his 9 percent stake in Glencore.
Aliko Dangote loses $400 million just one week after losing Africa’s richest crown
Dangote’s net worth has declined by a staggering $400 million within the past seven days, dropping from $10.8 billion to $10.4 billion.
Scandal-plagued South African billionaire Markus Jooste faces arrest as German court takes action
This comes weeks after Jooste failed to appear in court, marking his first criminal charge since the collapse of Steinhoff.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods sustains efforts to make rice affordable
BUA Foods, under Rabiu, has maintained its dominant position in the Nigerian economy.
South African mogul Noluthando Gosa suffers $25-million loss from ArcelorMittal stake
Gosa derives the majority of her fortune from a well-diversified portfolio that includes a 6.15-percent stake in ArcelorMittal SA.
Africa’s first Black billionaire Patrice Motsepe gains $200 million in 19 days
Motsepe remains one of Africa’s wealthiest businessmen and retains the title of the richest Southern African Black billionaire.
Centum, led by heirs of late Kenyan tycoon Chris Kirubi, secures SEZ license for Two Rivers development
Centum Investment, Kenya’s largest publicly traded investment firm is partly owned by Robert Kirubi and Mary-Ann Musangi.
Tanzanian gold magnate Ketan Patel loses $2.3-million on paper as Shanta Gold shares plunge
As the founder of the Tanzania-based mining company, Patel currently holds a 4.22-percent stake in Shanta Gold.
Egypt’s second-richest man Naguib Sawiris hits new milestone as net worth soars past $6 billion
Sawiris’ net worth has risen from $5.1 billion on Jan. 1 to an impressive $6.11 billion at the time of drafting this report.