12 inspirational quotes from the late South African tycoon Raymond Ackerman
Billionaires.Africa remembers Ackerman by recalling some of his most enduring quotes about leadership, entrepreneurship and humanity.
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10 companies owned by Will Smith
Smith is one of the most successful actors of his generation, grossing in excess of $4 billion for his movies.
19-year-old star Coco Gauff wins first Grand Slam title, raking in $3-million prize
Gauff is set to cement her position again as one of the world’s highest-paid tennis players and top-earning individuals.
Egyptian tycoon Hend El-Sherbini hit by $25-million loss in IDH investment
El-Sherbini remains one of Egypt’s richest businesswomen and one of the top investors on the Egyptian Stock Exchange.
U.S. billionaire Jeff Bezos pledges $22.8 million to land restoration efforts in Africa
This move by Bezos and The Bezos Earth Fund follows their announcement in October 2022, outlining plans to collaborate with African and European nations.
Botswana tycoon Farouk Ismail faces $3-million loss from Choppies stake
The market value of Ismail’s shares in Choppies has taken a sharp hit, plummeting by BWP41.13 million ($2.99 million) since Aug. 16.
7 companies the late South African tycoon Raymond Ackerman owned
Ackerman’s influence extended far beyond his retail empire. He passed away at the age of 92, leaving behind a lasting imprint.
Racism claim: Billionaire mogul Sean ‘Diddy’ Combs floors Diageo in court
Throughout his association with Diageo, Combs is reported to have earned nearly $1 billion.
10 businesses Magic Johnson has owned
Through Magic Johnson Enterprises (M.J.E.), Johnson has had investments in insurance, healthcare, food services, staffing, and sports.
South African tech tycoon Zak Calisto gains nearly $35 million in 18 days
The recent surge in Calisto’s stake is noteworthy, considering he suffered a substantial loss of $18.71 million between Aug. 1 and 21.
Namibian tycoon Quinton van Rooyen plans to convert $73-million loan into Trustco shares
Van Rooyen, through Next Capital, has proposed a financial maneuver to bolster Trustco Group’s financial stability.
Nigerian tycoon Fidelis Ayebae gains $1.4 million from investment in Fidson
The recent gains solidify Ayebae’s position as one of Africa’s pharmaceutical industry magnates.
Heirs of Egyptian billionaire Mohamed Al-Fayed at war over $2 billion fortune
The death of Al-Fayed has not only marked the end of an era but has also triggered a high-stakes battle among his heirs.
7 companies owned by Kanye West
Despite his setback in 2022, when Adidas severed ties with his Yeezy brand, West remains a top figure among the global Black elite.
Cameroonian banker Alain Nkontchou rakes in $1.8 million from Ecobank stake
Nkontchou is one of the richest investors on the Nigerian Exchange and one of Cameroon’s wealthiest banking executives.
South African banker Charles Russon’s salary at Absa amounts to $1.6 million
Russon owns a minority stake of 0.018 percent in Absa Group, which is presently valued at $1.42 million.