South African tycoon Christopher Seabrooke loses $3 million from Sabvest stake
Seabrooke holds a significant 40.61-percent stake in the South African investment holding company.
Southern Africa
19-year-old tennis star Coco Gauff earns $15.2 million, joining world’s top earners
Gauff’s earnings, amounting to $15.2 million, cement her position as one of the world’s top-earning black individuals.
Case filed by Cameroon’s richest man casts doubt on MTN’s $200-million investment
The legal uncertainty cast by Baba Ahmadou Danpullo, who ranks as Cameroon’s richest man, threatens the group’s $200-million investment.
Michiel Le Roux loses $110 million from investment in Capitec Bank
Le Roux holds an 11.39-percent stake in Capitec Bank.
7 companies owned by Zimbabwe’s richest man, Strive Masiyiwa
With an enduring legacy spanning two decades, Masiyiwa has redefined telecommunications in Africa.
Botswana businessman Farouk Ismail faces $3-million loss from Choppies stake
Choppies has grown from a single store operating under the name “Wayside Supermarket” in Botswana in 1986 into a leading retailer with more than 260 stores in eight countries.
Michael Jordan’s net worth grows by $1.8 billion in 2023
With this most recent milestone, Jordan’s legacy continues to redefine the boundaries of success on and off the basketball court.
South African tycoon Giovanni Ravazzotti to receive $5-million dividend from Italtile
Ravazzotti, a leading figure in the business landscape, owns a significant 33.88-percent stake in Italtile.
South African-born billionaire Patrick Soon-Shiong’s net worth slumps by $770 million
Despite his recent decline in fortune, Patrick Soon-Shiong remains among the richest African billionaires.
South African banker Mike Brown earns $2.3-million salary from Nedbank in 2022
Brown is the CEO of NedBank Group, one of the continent’s most valuable financial services groups.
Tiger Woods’ net worth hits $1.1 billion
Throughout his professional career, Woods has amassed a staggering $1.8 billion, a sum that includes $121 million in prize money on the PGA Tour.
South African billionaire Johann Rupert loses $1.1 billion in 23 days
Despite the latest slump in his fortune, Rupert still retains his position as South Africa’s richest man, ahead of Nicky Oppenheimer.
Africa’s richest: Dangote’s grip strengthens as net worth hits $11.2 billion
Dangote’s status as the richest man in Africa has been further fortified by a noteworthy increase of $200 million within a mere span of eight days.
South African defense industry magnate Ivor Ichikowitz pledges to restore Mandela Mural in Kyiv, Ukraine
Through his foundation, Ichikowitz will pay for the restoration of the mural, which faced an act of vandalism in December 2021.
South African billionaire Patrice Motsepe’s ARM expects decline in FY23 earnings
Motsepe’s company expects to report 2023 fiscal year headline earnings of between $441 million and $495 million compared to $606 million in the 2022 financial year.
South African banker Arrie Rautenbach’s salary at Absa amounts to $2.4 million
Rautenbach owns a minority stake of 0.026 percent, amounting to 218,412 shares in the financial services giant.