Billionaires

The net worth of Nigerian billionaire Abdul Samad Rabiu, which recently surpassed $7 billion, shows no signs of slowing down, .owing to a boom in the shares of his publicly traded businesses. Rabiu is Nigeria’s second-richest person and one of the African continent’s wealthiest businessmen, with his fortune derived from…

Earlier this year, a regulatory filing with the Securities and Exchange Commission (SEC) disclosed that Elon Musk distributed more than 5 million Tesla shares in November 2021. Musk made the donations just days after the UN World Food Programme explained how $6 billion of Musk’s fortune could help end world…

The recent surge in the net worth of Ethiopia’s richest man, Mohammed Al-Amoudi is a testament to the power of his diverse and far-reaching portfolio of investments. After seeing his wealth drop by more than $500 million in the first nine months of 2022, Al-Amoudi has managed to recover much…

According to a report by UBS Group AG, an international investment bank, 360 billionaires worldwide lost their billionaire status in 2022. The provider of financial services links the fall to macroeconomic volatility, geopolitical tensions, and supply chain disruptions that affected the performance and valuation of companies. The group estimates that…

Elon Musk, the CEO of Tesla and Twitter, has lost his title as the richest person in the world. This was announced by Forbes on Thursday. With a net worth of $183.6 billion, Mr. Musk was ranked second on Forbes’ list of “Real-Time Billionaires.” He’s replaced by Bernard Arnault, CEO…

According to a report, Elon Musk, the new CEO of Twitter, has turned some office spaces into cramped sleeping accommodations at the company’s San Francisco headquarters. Some of the hallmarks of the rooms include unmade mattresses, dull drapes, and enormous conference room telepresence monitors. Not only that, but one of…

Gustav Magnar Witzoe, is one of the world’s youngest billionaires and the heir to the Norwegian salmon empire. He received a sizable stake in SalMar ASA, a salmon fishery, from his father when he was 18 in order to avoid paying inheritance taxes. When he was 19 years old, Witze spent…

Kanye West’s Twitter account was disabled once more on Friday, exactly two months after it had been reopened following claims from Elon Musk that he had broken the platform’s rules against inciting violence. Musk, who identifies as an ardent supporter of free expression, had praised Ye’s return to the stage…

African countries have seen their fair share of philanthropy activities by local and international foundations owned by billionaires. Despite their massive involvement, the different challenges on the continent persist. This is an indication that the problem transcends beyond money, just as Patrice Motsepe, a South African billionaire, noted. Though he…

Wole Oshin, a multimillionaire businessman and insurance mogul from Nigeria, has seen an increase in his stake in Custodian Investment Plc, one of the top investment firms in the country. His stake is now worth $18.9 million. Custodian Investment, a Lagos-based investment organisation, established by Wole Oshin in 1991, has…