The 10 richest Black people in America in 2023
From Robert F. Smith to LeBron James, meet the 10 Black billionaires in America in 2023.
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South African tycoon Ivan Saltzman to sell $41 million worth of Dis-Chem shares to executives
Saltzman, along with his wife Lynette, co-founded Dis-Chem Pharmacies in 1978.
Tanzanian billionaire Rostam Aziz to build $140-million solar project in Zanzibar
Aziz, one of Tanzania’s wealthiest men, has tentacles in telecoms, aviation, mining, real estate, and port management.
Aziz Akhannouch, Morocco’s richest man, faces staggering $500-million loss in 2023
Akhannouch, Morocco’s prime minister and wealthiest individual, has lost half a billion dollars due to declining petroleum assets.
Egyptian billionaire Mohamed Mansour set to buy Major League Soccer team for $500 million
Mansour oversees Mansour Group, a family conglomerate, and has a net worth of $3.6 billion.
Nigerian banker Aigboje Aig-Imoukhuede to donate $5 million to healthcare initiatives
Aig-Imoukhuede is the former CEO of Access Bank.
South Africa’s richest man Johann Rupert rakes in $286 million in just 24 hours
Rupert’s net worth rose by $286 million in a day due to Richemont’s share surge.
Dis-Chem Founder Ivan Saltzman to step down as CEO in June 2023
Dis-Chem’s founder and long-time steps down; CFO Rui Morais to become CEO in July.
Swazi billionaire Natie Kirsh bounces back from losses, gains $460 million
Kirsh’s net worth bounces back by $460 million after a multimillion-dollar slump earlier this year.
Adidas share price slump costs Egypt’s richest man $300 million in a single week
Sawiris remains the richest man in Egypt and the Arab world.
Led by wealthy Khamis family of Egypt, Oriental Weavers’ profit surges 74 percent y-o-y in Q1 2023
Egyptian businesswoman Yasmine Mohamed Khamis and other Khamis family members own a 56.58-percent controlling interest in Oriental Weavers.
Meet Robert L. Johnson, the first Black billionaire; he ushered in a new era for Black entrepreneurs
As the founder and former chairman of BET, Johnson built America’s first Black-owned cable television network.
Africa’s first Black billionaire Patrice Motsepe loses $800 million
Motsepe’s net worth falls by $800 million as African Rainbow Minerals shares decline.
Nigerian oil tycoon Abdulwasiu Sowami completes acquisition of Ardova, pays Femi Otedola $19 million
In 2020, Sowami acquired a controlling stake in Forte Oil from Otedola’s Zenon Petroleum and Gas Limited.
Herbert Wigwe invests $3.51 million in Lagos-based lender, Access Holdings
The transaction has increased Wigwe’s stake in Access Holdings from 9.19 to 9.62 percent.
Tony Elumelu acquires $1.21 million shares in UBA to consolidate holdings
Elumelu’s latest acquisition brings the market value of his stake in UBA to $42.57 million.