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.

Capitec dividend 2026
BillionairesBusinessHot News

South African billionaire Michiel Le Roux set for $64 million Capitec dividend

Michiel Le Roux set for $64 million payout as Capitec boosts dividend on stronger earnings and rising digital banking growth.

Feyisayo Ajayi Feyisayo Ajayi
South African businessman Robert Gumede
BusinessBillionairesHot News

Robert Gumede’s Vision Group targets $1.1 billion acquisition of sugar leader Illovo

The proposed takeover would pull the continent’s top sugar, ethanol, and bioenergy assets under a single African-owned business.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Adebayo Ogunlesi.
TechnologyBillionairesHot News

With Nigerian billionaire Adebayo Ogunlesi on board, OpenAI eyes $1.2T valuation

The investors initiated the talks, one of the people said, asking not to be identified because the discussions are private.

Omokolade Ajayi Omokolade Ajayi
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Latest Billionaires News
Nigerian billionaire Tony Elumelu
BillionairesHot NewsInvestments

Nigerian billionaire Tony Elumelu urges investors in Paris to fund Africa’s future

Tony Elumelu challenges global financiers in Paris to invest directly in young African founders, moving past foreign aid into real enterprise.

Omokolade Ajayi Omokolade Ajayi
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Naguib Sawiris
InvestmentsBillionairesLatest

Billionaire Naguib Sawiris deepens Egypt gold bet with 5 new blocks as Wa’al nears key study

Billionaire Naguib Sawiris is expanding his Egypt gold portfolio with five new exploration bids as the Wa’al project nears a key study.

Feyisayo Ajayi Feyisayo Ajayi
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Ethiopia’s richest man, Mohammed Al Amoudi.
BillionairesBusinessHot News

Ethiopian billionaire Mohammed Al-Amoudi’s net worth drops below $10 billion

Mohammed Al-Amoudi’s net worth falls to $9.74 billion as asset valuations decline, while MIDROC targets 120,000 employees and 10 new hotels.

Omokolade Ajayi Omokolade Ajayi
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BillionairesBusinessHot News

South African billionaire Koos Bekker’s wealth drops by $800 million

Koos Bekker loses $800 million as tech selloffs hit Naspers and Prosus, cutting his fortune down to $3.2 billion.

Omokolade Ajayi Omokolade Ajayi
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South African billionaire Patrice Motsepe.
BillionairesHot NewsMarkets

Africa’s first Black billionaire Patrice Motsepe loses $400 million in mining rout

Patrice Motsepe’s net worth has fallen by $400 million to $3.3 billion as weaker mining stocks pressure his African Rainbow Minerals and Harmony Gold holdings.

Omokolade Ajayi Omokolade Ajayi
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Moroccan King Mohammed VI
BankingBillionairesHot News

As France retreats, Moroccan king’s bank claims ground in Ghana

Morocco’s royal-backed Attijariwafa Bank snaps up Société Générale’s majority stake in Ghana, marking a bold power shift into Anglophone West Africa.

Omokolade Ajayi Omokolade Ajayi
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Aliko Dangote, Africa's richest man and Dangote group President
BusinessBillionairesHot News

Aliko Dangote’s $16 billion Kenya refinery faces fresh legal challenge

Aliko Dangote’s $16 billion Kenya refinery faces legal scrutiny over public funding, state guarantees, and disputed coastal land in Lamu.

Omokolade Ajayi Omokolade Ajayi
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Alex Karp, the chief executive officer of Palantir Technologies
BillionairesEntrepreneursHot News

Richest Black US billionaire Alex Karp buys 37,000-acre Swedish forest

Palantir CEO Alex Karp buys 37,000 acres of Swedish forest for about $22 million as his fortune surpasses $20 billion.

Omokolade Ajayi Omokolade Ajayi
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Sudhir Ruparelia
BillionairesLatest

Ugandan tycoon Sudhir Ruparelia seeks $225.3 million from Rabobank over Crane Bank takeover

Sudhir Ruparelia seeks $225.3 million from Rabobank over Crane Bank’s disputed takeover, transfer and sale as the legal battle resumes in London.

Feyisayo Ajayi Feyisayo Ajayi
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