South African billionaire Ivan Glasenberg set to acquire Italian bicycle maker, Pinarello
Glasenberg ranks among the world’s richest individuals, ranking 283rd on the Bloomberg Billionaires Index.
South African billionaire
South African billionaire Michiel Le Roux faces $251-million loss as Capitec Bank shares decline
Despite the decline in the market value of his stake in the bank, Le Roux remains one of the wealthiest businessmen in South Africa.
South African billionaire Patrice Motsepe-linked TymeBank surpasses 7 million customers
TymeBank is a South African digital-only bank controlled by Africa’s first Black billionaire.
South African billionaire Koos Bekker loses $26.4 million as Naspers shares decline
Bekker is one of the richest businessmen in South Africa and the entire African continent.
Billionaire Christo Wiese-linked retailer files for Dutch court approval for debt restructuring
Wiese-linked retailer Steinhoff files for Dutch court approval for debt restructuring as it looks to regain stability.
Christo Wiese-linked Steinhoff secures creditor approval for debt restructuring plan
Steinhoff’s ties with Wiese underscores the company’s significance.
South African billionaire reclaims position as Africa’s third-richest man, overtaking Abdul Samad Rabiu
Oppenheimer has once again secured his position as Africa’s third-richest individual.
Shoprite shares slump costs South African billionaire Christo Wiese $159.7 million in net worth
Over the past 118 days, Wiese’s stake in Shoprite has suffered a significant decline.
Billionaire Patrice Motsepe’s Tyme Bank sets ambitious plans for Vietnam expansion
TymeBank is partly owned by Motsepe’s African Rainbow Capital Financial Services Holding.
South Africa’s second-richest man Nicky Oppenheimer adds $75 million to his fortune
Oppenheimer is an influential figure in the business world.
South African billionaire Laurie Dippenaar’s stake in FirstRand plunges by $37 million
Dippenaar faces a significant decline in the valuel of his FirstRand stake amid the continuing market downturn.
South African billionaire Michiel Le Roux bounces back with $200-million net worth surge
Le Roux stages remarkable comeback, reclaiming billionaire status with soaring net worth.
South African billionaire Johann Rupert insists Richemont is not for sale
Richemont recently published its latest full-year financial report, which shows a 21-percent growth in jewelry sales.
South Africa’s richest man Johann Rupert rakes in $286 million in just 24 hours
Rupert’s net worth rose by $286 million in a day due to Richemont’s share surge.
Africa’s first Black billionaire Patrice Motsepe loses $800 million
Motsepe’s net worth falls by $800 million as African Rainbow Minerals shares decline.
Johann Rupert’s Richemont smashes expectations with $4.25 billion in profit in 2023
Rupert said the company’s brands are well-positioned to meet strong demand driven by the resumption of travel by customers from China.