South African-born billionaire Patrick Soon-Shiong loses $520 million in first week of 2024
Soon-Shiong’s net worth plunged by $520 million in the first week of 2023 declining from $10.5 billion on Jan. 1 to $9.98 billion.
Southern Africa
5 companies owned by reclusive Zimbabwean tycoon Zinona Koudounaris
Unearth his vast portfolio, spanning from Simbisa Brands’ fast-food dominance to Padenga Holdings’ global presence in luxury fashion.
South African executive Peter Mountford pockets $1.2-million salary in 2023
Mountford’s compensation package demonstrates a remarkable increase from the previous year’s total of $0.96 million.
7 companies owned by South African real estate tycoon Stephen Brookes
From affordable housing to energy solutions, delve into Brookes’ multi-millionaire league status and his commitment to community empowerment and philanthropy.
Namibian tycoon Koos Brandt made $20 million in 2023 from Capricorn shares
Brandt, who stepped down as chairman of Capricorn in 2017, owns an 18.5-percent stake in the Windhoek-based investment firm.
Zimbabwean businessman John Moxon made nearly $100 million in 2023
Moxon, who played a pivotal role in transforming Meikles Limited into one of Zimbabwe’s leading conglomerates, owns a 10.8-percent stake in the group.
South African executive Peter Wharton-Hood pockets $1.1-million salary in 2023
Wharton-Hood, the group’s CEO since Sept. 2020, saw a notable 16.6-percent increase in his 2023 compensation package.
Hitesh Anadkat, one of Malawi’s richest men, rakes in $105 million in 2023
Anadkat holds a 35.51-percent stake in FMB Capital, or 872,924,575 ordinary shares.
South African exec Reeza Isaacs earns $1.9-million salary at Woolworths in 2023
The compensation package underscores Isaacs’ indispensable commitment and prowess as a seasoned executive in the global retail industry.
South African billionaire Michiel Le Roux gains $104.5 million in 2023
Since its inception, Le Roux has played a pivotal role in shaping the landscape of the financial services industry throughout Africa.
7 companies linked to South African businesswoman Phuthi Mahanyele-Dabengwa
Taking the reins at Naspers South Africa in 2019, Mahanyele-Dabengwa, the first Black and female CEO, spearheaded the digital transformation strategy.
South African billionaire Koos Bekker records $300-million wealth loss in 2023
Navigating headwinds: Bekker’s Prosus N.V. stake takes a hit amid industry disruptions.
4 companies linked to South African tycoon Kennedy Bungane
From leading multimillion-dollar deals to steering diverse companies, Bungane’s strategic brilliance leaves an indelible mark on banking, energy, and investments.
South African executive Eric Smuts earns $1-million salary from Nampak in 2023
Smuts — who stepped down as CEO of Nampak on April 20, 2023 — received a compensation package comprising a base salary of R4.73 million ($0.256 million)
Botswana tycoon Farouk Ismail sees $3.4 million eroded from Choppies stake in 2023
Despite the plunge, Ismail continues to stand out as a top figure on the Botswana Stock Exchange.
7 companies owned by South African mining tycoon Sipho Nkosi
From Eyesizwe Holdings to Tronox Holdings, witness the enduring impact of Nkosi’s legacy on business, social development, and inclusive economic practices.