South African tycoon Ivan Saltzman sells $75.15 million worth of Dis-Chem shares
The sell-off, a routine measure to trim his stakes in the leading group, follows Saltzman’s decision to step down as the CEO in June 2023.
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One of Malawi’s richest men, Thom Mpinganjira loses $8 million in 32 days
Mpinganjira, the founder of the FDH Bank Plc, owns a 40.7-percent indirect stake in the Blantyre-based lender.
Michael Jordan’s sneakers set record, fetching $8 million at Sotheby’s auction
Jordan continues to captivate generations with his unparalleled impact on and off the basketball court, further solidifying his status as a sporting icon.
South African mining mogul Neal Froneman loses $1 million in 33 days
Despite grappling with this recent financial setback, Froneman remains a pivotal figure within South Africa’s mining industry.
Moroccan tycoon Adil Douiri gains $1.27 million from Mutandis shares
Douiri, a leading politician and businessman who founded Mutandis in 2008, owns a 6.9-percent stake in the Casablanca-based consumer goods firm.
Companies owned by America’s sixth-richest Black billionaire, Alex Karp
Ranked as the sixth-richest Black billionaire in the U.S., Karp trails behind Robert F. Smith, David Steward, Michael Jordan, Jay-Z, and Oprah Winfrey.
South African billionaire Stephen Saad suffers $36-million loss in 33 days
Despite the recent stock dip, Saad remains a prominent investor on the Johannesburg Stock Exchange and maintains his status as one of South Africa’s leading businessmen.
Naira devaluation costs Nigerian billionaire Abdul Samad Rabiu $2.7 billion
According to Forbes, Rabiu’s net worth, which soared to $8.4 billion in January 2024, dropped to $5.7 billion.
Egypt’s richest man Nassef Sawiris loses $220 million in 2024
This downturn — which translates to an average daily loss of $8.16 million since the start of the year — is linked to the slump in the market value of his industrial assets in Europe and Africa.
Nigerian billionaire Mike Adenuga’s oil firm rakes in over $140 million in revenue in 2023
Adenuga, renowned telecom mogul and one of Africa’s wealthiest billionaires, owns a 74.4-percent stake, equivalent to 516,298,603 shares, in Conoil.
Africa’s richest man Aliko Dangote loses $5.7 billion as naira devaluation hits hard
The primary cause behind this abrupt plunge in Dangote’s wealth is attributed to the revaluation of his assets, triggered by the recent devaluation of the Nigerian naira.
South African billionaire Patrice Motsepe-backed Sanlam offers $344 million for Assupol
Motsepe, South Africa’s richest Black man with a net worth of $2.7 billion, holds a 7.8-percent stake in insurance giant, Sanlam.
U.S.-Nigerian telecom tycoon Sam Darwish loses $16.6 million from IHS stake
Darwish, the chairman and CEO of IHS, who ranks as one of the top figures in the African telecom industry, holds a substantial 4.17-percent stake in the group.
Nigerian tycoon Tony Elumelu’s Transcorp hits $160-million revenue milestone in 2023
Elumelu, through his investment firm HH Capital, holds a commanding 29.5-percent stake in Transcorp, owning 11,990,957,350 ordinary shares.
Africa’s first Black billionaire Patrice Motsepe donates $500,000 in Cote d’Ivoire
Motsepe expressed his gratitude, stating, “We are grateful to the Catholic Church and the Muslim Faith for the crucial religious and spiritual work that they are doing…”
Companies linked to South African business executive Keneilwe Moloko
Billionaires.Africa has identified companies and holdings linked to Moloko, emphasizing her role as a top figure in the South African business scene.