Ugandan multimillionaire Mohammed Hamid faces loss of five-star hotel over $160-million debt
Hamid is the founder of Aya Group, which has interests in milling, food manufacturing, commodity trading and hospitality.
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Egyptian businessman Hani Berzi loses over $12 million from Edita stake
Despite the recent slump in the market value of his stake, Berzi remains one of the richest investors on the Egyptian Stock Exchange.
South African exec Margaret Nienaber’s salary at Standard Bank amounts to $2.3 million
As one of the top figures in the group, Nienaber has made significant contributions to the remarkable financial achievements of Standard Bank Group.
7 companies owned by Dwyane Wade
Miami Heat legend Dwyane Wade has built a multimillion-dollar empire in sportswear, wines, television production and baby products.
South Africa’s richest man Johann Rupert’s firm to reward investors with $48.2-million dividend
Remgro Limited is a leading investment holding company led by South Africa’s richest man Johann Rupert.
Kenyan banker John Gachora earns $1-million salary from NCBA Group in 2022
Apart from his executive and governance roles, Gachora owns a minority 0.14-percent stake in the leading financial group.
African-American billionaire Alex Karp loses $500 million in 8 weeks
The decline in Karp’s wealth can be directly attributed to the sudden slump in the market value of his 2.63-percent stake in Palantir Technologies.
Tony Elumelu’s wife, Awele, gains nearly $7 million as Transcorp shares soar
This recent surge in Awele Elumelu’s stake further solidifies her position as one of the top investors on the Nigerian Exchange.
Egyptian billionaire Ahmed Ezz gains $36 million from stake in steel company
Ezz, a leading Egyptian industrialist, owns a 60.7-percent stake in Ezz Steel, equating to 329,816,198 shares in the steel behemoth.
South African exec Charles Molapisi earns $1.4-million salary from MTN in 2022
Beyond his executive and governance roles, Molapisi also holds a minority stake in MTN, owning 0.0029 percent of the leading telecom company.
Nigerian tycoon Tony Elumelu’s UBA launches $6-billion initiative to support African SMEs
United Bank for Africa Plc, the pan-African financial services group led by Nigerian tycoon Tony Elumelu, has unveiled a $6-billion initiative.
Nigerian tycoon Atedo Peterside’s stake in Stanbic IBTC soars by $2.3 million
This recent surge in Peterside’s stake further solidifies his position as one of the richest bankers in the country.
South African exec Richard Wainwright earns $2.7-million salary at Investec in 2023
Wainwright’s dedication and strategic vision have undoubtedly contributed significantly to Investec’s continued success.
7 companies owned by Usher
Billionaires.Africa has tracked Usher Raymond IV’s business ventures, revealing his ownership in seven companies.
10 companies owned by world’s first Black billionaire, Robert L. Johnson
In 2001, Johnson made history by selling BET to Viacom for an astonishing $3 billion, making him the first Black billionaire.
South African billionaire Koos Bekker’s net worth slumps by $100 million
Despite these setbacks, Bekker remains one of the most affluent billionaires in Africa, boasting a net worth of $2.3 billion.