South African tycoon Gus Attridge suffers $8-million loss from Aspen shares
Attridge, Aspen’s group chief advisor who ranks as one of South Africa’s richest businessmen, owns a 4.26-percent stake in the pharmaceutical holding company.
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South African executive Mark Steyn pockets $1.5 million from Bidvest in 2023
Steyn’s 2023 compensation package is 52.85-percent higher than the previous year’s package of R18.38 million ($0.96 million).
Nigerian billionaire Mike Adenuga gains $16.3 million from Conoil shares
This swift increase underscores Adenuga’s adept strategic investments, propelling his total fortune to $7 billion and securing his position among the world’s wealthiest individuals.
South African billionaire Koos Bekker is $400 million richer in 25 days
The $400-million surge in his fortune is attributed to the performance of his investment portfolio, which includes stakes Prosus N.V. and Naspers.
South African billionaire Saltzman family sells head office in $25.5-million deal
By owning these critical assets outright, Dis-Chem aims to enhance its operational efficiency and ensure long-term strategic stability.
Ugandan businessman Patrick Bitature faces prosecution over $26-million fraud
If found guilty, the 60-year-old Ugandan businessman and his 56-year-old wife could face severe legal consequences.
Nigerian tycoon Fola Adeola’s Iwosan Investments unveils new medical facility in Lagos
Iwosan Investments is a leading healthcare investment firm committed to transforming and improving Nigeria’s healthcare landscape.
This Week In Review: A Snapshot of African Wealth Dynamics — Dewji’s $300-Million Surge, Dippenaar’s $28-Million Setback, and Dangote’s Net Worth Hits $20 Billion (Jan. 22 to 26)
Join us as we delve into the highs and lows of the continent’s top business figures in our latest review of Africa’s dynamic market shifts and strategic maneuvers.
South African exec Marthinus Visser pockets $1 million from OUTsurance in 2023
Visser saw a notable 43.68-percent increase in his 2023 compensation package compared to the R14.03 million ($0.74 million) he received in the previous fiscal year.
South African billionaire Ivan Glasenberg loses $860 million in just 24 days
The $860-million year-to-date wealth loss is attributed to the sustained dip in the market value of his 9.81 percent stake in Glencore.
Africa’s youngest billionaire Mohammed Dewji makes $300 million in just 25 days
This rapid increase in Dewji’s wealth is attributed to the revaluation of his stake in MeTL Group, a conglomerate with an extensive portfolio spanning over 150 products.
Nigerian executive Olusegun Ogunsanya pockets $2.4 million as Airtel Africa CEO
The compensation package represents a 73.36-percent surge from the previous year’s total reward of $1.4 million.
5 companies owned by Somali businessman Ismail Ahmed
Ismail Ahmed is more than just a titan of the fintech industry. He’s a visionary leader, a philanthropist, and a testament to the power of perseverance.
South African tycoon Laurie Dippenaar loses $28 million from FirstRand stake
Dippenaar, who co-founded Rand Consolidated Investing in 1977 and grew it into a leading financial services group, holds a 1.76-percent stake in FirstRand.
South African-born billionaire Patrick Soon-Shiong loses $460 million in 17 days
This financial setback is attributed to the sustained sell-offs that affected the market value of his 76-percent stake in ImmunityBio.
Kenyan tycoon Peter Njonjo’s Twiga Foods settles debt dispute with Google Cloud reseller
The conflict between the two companies began in September 2023 when Google Cloud Services provider Incentro Africa filed a lawsuit against Twiga Foods.