Billionaires

Amazon founder Jeff Bezos has rejected fears that artificial intelligence will make human workers irrelevant, arguing instead that AI could create a shortage of labour by expanding what people and companies are able to do. Speaking at the VivaTech technology conference in Paris, Bezos pushed back against growing concerns that…

United Capital, the investment banking group led by billionaire Tony Elumelu, has purchased a 5% stake in Nigerian Exchange Group (NGX). The acquisition positions United Capital as a significant shareholder and links the firm’s success directly to Nigeria’s capital markets. The acquisition signals a shift from merely participating in the…

Africa’s billionaire class reached a new high in 2026, showing how much private capital now shapes the continent’s economy. According to Forbes’ 2026 Africa billionaires list, 23 African billionaires were worth a combined $126.7 billion. Their wealth came from sectors that power daily life, including cement, banking, telecoms, luxury goods,…

Elon Musk has reached a wealth milestone no one has ever achieved. The SpaceX CEO has officially become the world’s first trillionaire on paper after the company priced its historic initial public offering at $135 per share. The shares are set to trade on Nasdaq under the ticker symbol SPCX,…

Abdul Samad Rabiu, chairman of BUA Group, has added a Bombardier Global 8000 private jet to his corporate fleet. Valued at approximately $81 million (₦110 billion), the jet is among the fastest civilian aircraft in the world and one of the first to be owned by an African businessman. Rabiu…