Top Black CEO Marvin Ellison gains $3.3 million from Lowe’s shares
The recent $3.35-million surge in Ellison’s stake in Lowe’s further solidifies his position as one of the wealthiest Black CEOs in the U.S.
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Zimbabwe’s richest man Strive Masiyiwa adds $100 million to net worth in 2024
Masiyiwa’s strategic investments and resilient portfolio have not only weathered currency devaluations but have also propelled him to new heights in the realm of global wealth.
Aga Khan IV gains $1.7 million from stake in Nairobi-based insurer
Through the Aga Khan Fund for Economic Development, Aga Khan IV owns 37.98 percent of Jubilee Holdings and 11.85 percent of its Mauritian subsidiary.
South African executive Simon Crutchley pockets $2.8-million salary in 2023
In addition to his executive roles, Crutchley holds a 0.25-percent stake in AVI Limited.
Egyptian billionaire Samih Sawiris’ firm posts $631 million in revenue in 2023
Orascom Development Egypt, majority owned by Orascom Development Holding, operates within the orbit of businesses associated with the Sawiris family.
Egypt’s newest billionaire Hisham Talaat Moustafa’s TMG stake hits $1.3 billion
Hisham Talaat Moustafa is not only one of the wealthiest investors on the Egyptian Exchange but also one of the wealthiest people in the entire North African region
Black executive Kenneth Frazier gains $11 million from Merck & Co. stake
Frazier, who ranks as one of America’s top Black executives, holds a minority stake of 0.028-percent stake in Merck & Co.
Kanye West’s Super Bowl ad drives $19.3-million single-day sales
Renowned rapper turned business mogul Kanye West stunned the industry by revealing a staggering single-day revenue of $19.3 million from the sales…
Six ventures that propelled Jada Pinkett Smith into the millionaire’s circle
Jada Pinkett Smith, an American actress, singer-songwriter, and businesswoman, has built an impressive career spanning various domains including film, television, music, fashion,…
Companies owned by Morocco Prime Minister Aziz Akhannouch
From the multibillion-dollar Akwa Group to influential ventures in chemicals, mining, tourism, and media, discover the man behind the $1.7-billion fortune.
South African executive Jannie Durand pockets $2.1-million salary from Remgro
Durand’s compensation comprises a base salary of R12.8 million ($0.67 million) and a short-term incentive of R0.44 million ($0.023 million).
Access appoints acting CEO 24 hours after confirming Herbert Wigwe’s passing
The announcement, made by the board of directors 24 hours after confirming Wigwe’s demise, is contingent upon the approval of the Central Bank of Nigeria.
South African tycoon Zak Calisto’s Karooooo unveils $25.7-million stock buyback plan
The repurchase program is seen as a strategic move to boost shareholder returns while ensuring financial flexibility.
Morocco Prime Minister Aziz Akhannouch gains another $100 million
The multimillion-dollar increase in Akhannouch’s net worth has cemented his position as the wealthiest billionaire in Morocco.
South African tycoon Laurie Dippenaar loses $25.6 million from FirstRand stake
Dippenaar holds a 1.76-percent stake in FirstRand, which translates to 98,726,988 shares in the group.
South African executive Niall Lynch earns $1-million salary in 2023
Lynch’s 2023 compensation package reflects a 53.69-percent increase compared to the previous year’s total reward of R11.81 million ($0.62 million).