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Billionaires.Africa is the world's premier source of news and information on African billionaires and UHNWIs.
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News
Billionaire Michael Dell overtakes Jeff Bezos as third richest
4+ day, 16+ hour ago (466+ words) Michael Dell is now the world's third-wealthiest person on Forbes' ranking, ahead of Jeff Bezos for the first time. His fortune has more than doubled in a year on demand for AI server hardware. American technology billionaire Michael Dell overtook…...
Coinbase's Brian Armstrong says philanthropy is 'net negative' on world
5+ day, 22+ hour ago (496+ words) Brian Armstrong is worth around $9 billion and will not start a foundation. Charities get "captured by ideology," he says, and philanthropy is often image repair, naming Bill Gates, whose foundation is among Africa's largest health funders. Brian Armstrong, the Coinbase…...
Gambling tycoon Moshal gave $7.4m to four SA parties
6+ day, 11+ hour ago (378+ words) Martin Moshal built his fortune on online gambling and lives in Sydney. He is the largest donor to ActionSA and BOSA, second-largest to the DA. Asked about a gambling ban, one party declined to comment and another declined to answer....
Inside Lebashe, the South African group holding $2.5bn of Capitec
6+ day, 19+ hour ago (1727+ words) Lebashe holds 8.5 million Capitec shares worth R39.6 billion, pledged to two banks as security for the loans that bought them. Lebashe Investment Group told a South African court in 2022 that it held approximately 8.5 million shares in Capitec Bank Holdings, the Johannesburg-listed…...
South African billionaire Michiel le Roux gave the DA $13 million
1+ week, 1+ day ago (664+ words) Capitec founder Michiel le Roux has donated $13 million to the Democratic Alliance over five years, the largest sum from any individual donor. Michiel le Roux has given the Democratic Alliance more than R208 million ($13 million) over the past five years, more…...
South African coal tycoon Sipho Nkosi now funds video games
1+ week, 1+ day ago (1050+ words) Sipho Nkosi built Exxaro into a major coal producer, retired in 2016 and now chairs Talent10, which has backed IoT, films, gaming and insurance. Sipho Nkosi spent a decade running one of Africa's largest coal producers. He now chairs a company that…...
Inside the empire South African billionaire Douw Steyn built
1+ week, 1+ day ago (1229+ words) Douw Steyn bought a bankrupt insurer in 1984 and built Budget Holdings Limited, Steyn City and the Saxon Hotel before his death in February 2025. Douw Steyn was a quantity surveyor who could not get an insurance licence. In 1984 he bought a…...
Why Africans with $1 billion in shares miss Forbes, Bloomberg lists
1+ week, 4+ day ago (708+ words) Forbes and Bloomberg subtract debt, discount illiquid stakes and refuse to count assets they cannot verify. A billion-dollar holding is not enough. A businessman crosses a billion dollars on paper. The stake is listed, the price is public, the arithmetic…...
The Top 10 Richest People In Africa in September 2026
1+ week, 5+ day ago (963+ words) Forbes' daily ranking on Sept. 1 puts Aliko Dangote at $31.4 billion and Nathan Kirsh second at $19.2 billion, ahead of Johann Rupert. Every figure in this ranking comes from Forbes' real-time billionaires tracker as of Sept. 1, 2026. Those numbers move with share prices…...
South African billionaires back township fibre in $99 million deal
1+ week, 6+ day ago (794+ words) The DNI consortium paid R1.6 billion for 34.8% of Frogfoot and Vox, a business that lost R256 million and has negative net asset value of R665m. South African billionaires Stephen Saad and Mike Teke are shareholders in an investment company whose consortium has just…...