Billionaires

With the viability of the continent’s telecommunication industry, Elon Musk’s StarLink has entered Africa’s telecom market after acquiring licences from the communications commissions of Nigeria and Mozambique. This arrival, however, is poised to alter the narrative around the spread of the internet throughout the continent. In Africa, four out of…

Many people believe Elon Musk is on his way to becoming the world’s first trillionaire. According to a report, Elon Musk’s wealth has seen a 129% average annual increase since 2017; and if he keeps this up, he will become the first trillionaire in the next two years. Indeed, Musk…

Strive Masiyiwa is an African business magnate with a net worth of $3.8 billion. He made most of his money from the telecommunications industry and his investments in fintech and power distribution businesses across Africa. Building his telecoms company, Econet, in his home country, Zimbabwe, was an arduous task for…

Mohammed “Mo” Gulamabbas Dewji, is a Tanzanian billionaire businessman and former politician.  He owns MeTL Group, a Tanzanian conglomerate that his father founded in the 1970s.  Dewji represented his native town of Singida in the Tanzanian Parliament for Chama Cha Mapinduzi (CCM) from 2005 to 2015.  Dewji is Africa’s 17th…

Three of Africa’s wealthiest billionaires have suffered a huge setback in April. The drop in market value has been a big factor in their financial woes. Swazi businessman Nathan Krish shed $280 million from his fortune. Johann Rupert dropped $890 million, while Nasef Sawiris’s wealth fell by $270 million. RELATED:…

Elon Musk, the CEO of Tesla, is known for using Twitter to tease out various thoughts. The world’s richest man regularly tweets about his business interests, cryptocurrency, politics, and life in general. However, he has made the ultimate best of one of his biggest interests. Twitter announced that it has…

The inspiring narrative of some black billionaires who rose from nothing can fuel your entrepreneurial ambitions.  They have overcome adversity and rewritten their stories through amazing tenacity and determination. Here are five billionaires who built an empire from nothing. Kennedy Okonkwo Kennedy Okonkwo’s father, despite being poor, valued education. He…

Nigeria’s Aliko Dangote is Africa’s richest man; he has maintained that title for eleven consecutive years. He also holds the record as the richest black man on earth. Interestingly, there is only a handful of black billionaires worldwide. At the last count (February 4, 2022), only 15 black billionaires exist…

As a child, Kennedy Okonkwo was homeless and lived under a bridge in Lagos, but his struggles did not stop his ascension to the top of the real estate industry in Nigeria. The year 2020 was a depressing moment for the global business community. Still, it was probably worse in…

The World Inequality Lab’s report in late 2021 shows that “the richest 1% has reaped 19 times more global wealth growth than the bottom 50% of people since 1995”. The world’s 2,755 wealthiest people experienced a $5 trillion increase in wealth from $8.6 trillion to $13.8 trillion in 2021. This…