Tag Archives: billionaires
billionaires: Latest News
Peter Pedroncelli, 6:06 pm AFKI Original
There are 25 African billionaires who can stake their claim among the estimated 2,043 dollar billionaires worldwide that make up the richest of the rich. A number of the African billionaires have earned some of their wealth thanks to tech and related industries, with the modern digital world contributing revenues that have helped them to grow their personal net worth to billionaire status.
Dana Sanchez, 12:05 am
The South African billionaire least affected by the economic downturn didn’t have much wealth tied to the stock market or the rand, Forbes reports. He lost $100M since November, but he’s still worth $6.5B. Feeling sorry for billionaires who lost their billionaire status? Consider this. The world’s 400 richest people control $3.9 trillion. That’s more than the GDP of all but three countries on Earth — China, Japan and the U.S.
Dana Sanchez, 12:13 pm
Rich African women tend to fly under the radar. Forbes’ 2015 list of 50 richest Africans lists just 2 women. Isabel dos Santos, daughter of the Angolan president, has long been a controversial figure, her wealth beyond the imagination of most Angolans who often live on less than $2 a day. She is sometimes credited with being an astute businesswoman, but political connections are considered key to her billions. Check out 10 of Africa’s richest women listed here.
Becca Blond, 11:04 am
Long before 20-something millennials ruled the U.S. economy there were old-money families that make Mark Zuckerberg look poor. With an adjusted wealth of $120 billion by today’s standards, the French-born Stephan Girard got his start working as a cabin boy on the Caribbean-Europe trade route in the last quarter of the 18th century. He went on to purchase a fleet of trading ships and eventually became a financier, wealthy enough to buy banks and lend money to the U.S. government during the war of 1812. When he died he left almost his entire fortune to charity. He was the fourth-richest American ever. This list of 17 richest Americans ever will surprise you.
Dana Sanchez, 7:56 am
South Africa’s first and only black billionaire (in dollars), mining magnate Patrice Motsepe has a net worth of $2.7 billion. He’s the fourth-richest South African, and the 642nd-richest person in the world, Forbes reports.
Ann Brown, 10:00 am
From BBC News Africa has 55 billionaires, far more than previously thought, Nigeria-based Ventures financial magazine says. They include three women – the mother of Kenya’s president, a daughter of Angola’s president and a Nigerian oil tycoon and fashion designer. The richest man is Nigeria’s Aliko Dangote, with a fortune of $20.2 billion (£12.5bn), Ventures […]
Dana Sanchez, 11:23 am
Four of Africa’s 10 richest men are South Africans, and the wealthiest made his fortune not by diamonds, real estate or supermarket chains, but asset management. Allan Gray runs the largest privately owned asset manager in South Africa. His global mandate share portfolio achieved an average annual return of 28 percent since 1974, Ventures Magazine said.
- Real Estate