Billionaires

Explore the world of Africa’s wealthiest individuals. Shore Africa tracks billionaires, their businesses, and the industries driving their fortunes.

Supporting Content:
From net worth rankings to investment strategies, our Billionaires category provides insights into wealth creation and economic influence across Africa.

Latest Billionaires News
ARM's non-executive chairman, Patrice Motsepe.
BusinessBillionairesHot NewsLatestMining

Patrice Motsepe’s ARM faces fresh delay in bid to liquidate 2 South African mining firms

Patrice Motsepe’s ARM faces another court delay in its bid to liquidate two South African mining firms over creditor opposition.

Feyisayo Ajayi Feyisayo Ajayi
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Femi Otedola
BusinessBankingBillionairesHot NewsLatest

Femi Otedola’s First HoldCo stake slips to $1 billion, shedding $328 million in 3 days

Femi Otedola’s First HoldCo stake slips to $1.07 billion after a 23% share price decline wipes $328 million off its value in three days.

Feyisayo Ajayi Feyisayo Ajayi
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Africa’s richest person Aliko Dangote
BusinessBillionairesEnergyHot NewsLatest

Aliko Dangote’s $327 million investment boosts Kenya Pipeline Company’s value by $834 million

Kenya Pipeline Company gains $834 million in market value after Aliko Dangote acquires a 24.76% stake, driving shares to record highs.

Feyisayo Ajayi Feyisayo Ajayi
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Jaswant Singh Rai, Kenyan billionaire and Rai Group chair
BusinessBillionaires

Kenyan billionaire Jaswant Rai expands sugar business with $32 million investment

Jaswant Rai commits $32.3 million to a new Kenyan sugar mill as Rai Group expands its processing capacity and farming network.

Timilehin Adejumobi Timilehin Adejumobi
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Nigerian billionaire Tony Elumelu
BillionairesCompaniesEnergyHot News

Billionaire Tony Elumelu-backed Seplat lifts dividend as profit tops $260 million

Tony Elumelu-backed Seplat Energy raised its dividend after nine-month profit surged to $260 million on strong crude output and higher gas sales.

Omokolade Ajayi Omokolade Ajayi
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Africa’s richest man, Aliko Dangote.
CompaniesBillionairesHot News

Nigerian billionaire Aliko Dangote’s cement business posts $1.1 billion in 9M pre-tax profit

Dangote Cement’s nine-month pre-tax profit rose 41.5% to $1.1 billion as revenue climbed and debt was wiped out.

Omokolade Ajayi Omokolade Ajayi
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Capitec
BusinessBankingBillionairesExecutivesHot NewsLatest

Inside Capitec: How South Africa’s $32 billion lender builds leaders from within

Capitec Bank builds leadership from within, grooming executives Gerrie Fourie and Graham Lee through internal development and succession planning.

Feyisayo Ajayi Feyisayo Ajayi
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Mohammed Indimi
BusinessBankingBillionairesEnergyHot NewsLatest

Nigerian oil tycoon Mohammed Indimi’s Jaiz Bank stake slips to $76 million from over $135 million

Mohammed Indimi’s Jaiz Bank stake falls to $76 million from $135.7 million as shares decline ahead of the lender’s third-quarter results.

Feyisayo Ajayi Feyisayo Ajayi
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BusinessBillionairesHospitality

Filipino billionaire Tony Tan Caktiong takes Hotel101 to Africa with $100 million Cairo project    

Filipino billionaire Tony Tan Caktiong backs Hotel101’s $100 million Cairo project as the hotel brand expands into Africa.

Timilehin Adejumobi Timilehin Adejumobi
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