Companies owned by African-American billionaire filmmaker Tyler Perry
From iconic film studios to streaming platforms, wines, fashion, and philanthropy, delve into the seven companies that contribute to Perry’s $1-billion empire.
Hot News
South African executive Michael Koursaris pockets $1-million salary in 2023
Koursaris started at AVI in 2002 as a business development analyst and rose to become a business development executive in January 2011.
Moroccan businessman Anas Sefrioui loses $26 million from ADH stake
Despite the decline in the market value of his stake – Sefrioui remains one of the richest investors on the Casablanca bourse and one of the country’s richest businessmen.
Workflow platform backed by America’s richest Black man acquires AI firm, Drift
The strategic integration aims to reshape B2B buyer engagements and amplify the capabilities of both companies in the rapidly evolving field of artificial intelligence.
South African executive Tim Jacobs takes home $1.3-million salary in 2023
The compensation package marks a notable 27.8 percent increase compared to the R19.92 million ($1.05 million) remuneration he received in the previous fiscal year.
South African tycoon Stephen Brookes faces $1.4-million loss from Balwin stake
Brookes, a South African real estate mogul who founded Balwin Properties in 1996, is the company’s largest shareholder, holding 170,374,031 shares, or a 36.08-percent stake.
South African billionaire Christo Wiese’s stake in Shoprite slumps by $50 million
Wiese owns an 11.5-percent stake in the leading supermarket chain, which translates to a total of 68,083,200 ordinary shares in the group.
Nigerian billionaire Femi Otedola’s Geregu Power surpasses N2-trillion milestone
Geregu Power’s exceptional financial performance has solidified its position as one of Nigeria’s most profitable entities.
Egyptian billionaire Ghabbour family gains nearly $12 million in 3 days
The Ghabbour family holds a significant 62.9-percent stake in the automaker, or 682,779,500 ordinary shares.
Led by Kenyan exec Priscilla Gathungu, Java expands with two outlets in Nairobi
Under the leadership of CEO Priscilla Gathungu, appointed in November 2022, the company has pursued an aggressive expansion strategy.
Moroccan pharma tycoon Lamia Tazi suffers $3-million loss from Sothema stake
Tazi, the CEO and chairperson of Sothema holds a substantial 8.4-percent stake in the leading healthcare company.
Companies owned by the world’s richest Black woman, Oprah Winfrey
Winfrey’s story is one of empowerment, philanthropy, and astute entrepreneurship, making her a trailblazer in both media and business.
Mega refinery owned by Africa’s richest man set to export two cargoes of fuel oil
Trafigura Group, a multinational commodity trading company headquartered in Singapore, has been awarded the contract for the inaugural shipment.
Kenyan tycoon Baloobhai Patel’s Bamburi Cement expects $2.57 million in savings with solar plants
Patel, a Kenyan multimillionaire and owner of a 4.12-percent stake in Bamburi Cement through his private investment company, Aksaya Investment.
North Africa’s richest man considers breaking up his billion-dollar empire
Sawiris hails U.S. investor Jeff Ubben’s influence as OCI embraces strategic overhaul.
South African tycoon Jonathan Jawno’s Transaction Capital eyes $65 million in WeBuyCars unbundling
As a founding member of Transaction Capital, Jawno holds a 9.59-percent stake in the group, making him the second-largest shareholder.