Tag: Billionaires

South African billionaire’s son named co-deputy chair of $120B luxury giant Richemont

Anton Rupert joins Richemont as co-deputy chairman as his father, Johann Rupert, advances succession plans at the $120 billion luxury group.

Omokolade Ajayi Omokolade Ajayi

South African billionaire Patrice Motsepe set to receive nearly $40 million dividend from ARM

Patrice Motsepe is set to receive nearly $40 million from African Rainbow Minerals’ final dividend, taking his 2026 payout to $68.42 million.

Omokolade Ajayi Omokolade Ajayi

South African billionaire Patrice Motsepe’s net worth gains $100 million in 10 days

Patrice Motsepe’s net worth rose to $3.7 billion following a $100 million ten-day gain, lifted by an 87 percent earnings jump at Harmony Gold.

Omokolade Ajayi Omokolade Ajayi

After $250 million Mozambique pledge, Tanzanian billionaire Mohammed Dewji, eyes Botswana

Following a $250 million Mozambique pledge, Mohammed Dewji is eyeing new expansion into Botswana after high-level talks with President Duma Boko.

Omokolade Ajayi Omokolade Ajayi

Dangote family office to expand operations in 2027 as group targets $100 billion revenue

Aliko Dangote’s family office will expand in 2027 as Dangote Group targets $100 billion in annual revenue.

Omokolade Ajayi Omokolade Ajayi

Ethiopia’s richest man, Mohammed Al Amoudi, adds $100 million to his fortune

Mohammed Al Amoudi has added another $100 million to his fortune, taking his net worth to $10.2 billion.

Omokolade Ajayi Omokolade Ajayi

South African billionaire Tshepo Mahloele faces regulatory hurdle in multibillion-rand FlySafair deal

Tshepo Mahloele’s FlySafair acquisition faces a Competition Tribunal challenge from rival CemAir over competition concerns.

Omokolade Ajayi Omokolade Ajayi

East Africa’s richest man Mohammed Dewji to invest $250 million in Mozambique, create 20,000 jobs

Tanzanian billionaire Mohammed Dewji pledges $250 million in Mozambique to expand MeTL Group’s footprint and create 20,000 local jobs.

Omokolade Ajayi Omokolade Ajayi

From over $1.3 trillion, Elon Musk’s net worth slips below $700 billion

Elon Musk's net worth fell below $700 billion as a SpaceX share selloff and weak Tesla earnings erased $636 billion from his fortune in 47 days.

Omokolade Ajayi Omokolade Ajayi

Elon Musk loses $528 billion in five weeks as SpaceX shares plunge after IPO

Elon Musk’s fortune fell by $528 billion in five weeks as SpaceX shares tumbled nearly 47 percent following its historic stock market listing.

Omokolade Ajayi Omokolade Ajayi

10 richest African billionaires in July 2026

Africa’s 10 richest billionaires in July 2026 as Aliko Dangote, Johann Rupert and others grow their fortunes.

Omokolade Ajayi Omokolade Ajayi

Aliko Dangote’s net worth nears $40 billion as refinery eyes $50 billion IPO

Aliko Dangote’s wealth nears $40 billion as a planned $50 billion refinery IPO draws strong global investor interest and massive capital requests.

Omokolade Ajayi Omokolade Ajayi