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With a combined net worth of $67.9 billion, here are the top 8 richest African families and how they built their wealth
The eight wealthiest families in Africa made a combined wealth of $67.9 Billion as of January 15, 2023. The families came from three regions – North Africa, Southern Africa, and West Africa. Three families are from Nigeria, two are from South Africa, and three are from Arab countries. The Dangote family in Nigeria stayed atop…
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Kenyan skincare company that recently raised $1M shares why it leverages technology from South Korea
Uncover is a skincare company founded by entrepreneurs Sneha Mehta, Jade Oyateru, and Catherine...
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Dr Dre is selling his catalog to UGM for $200M. Here is how he could become a billionaire.
Dr Dre is selling some of his music assets and income streams to Universal Music Group (UGM)...
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Tyler Perry acquires more land for $8.4 million to expand his $250 million studio in Atlanta
In 2019, Tyler Perry threw a star-studded party to commemorate the opening of his $250...
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Popeye’s kid who became a viral meme lands NIL deal with fast food chain
Dieunerst Collin was just 9 when he went viral on social media some years ago after he was randomly recorded holding a Popeye’s cup and looking at the camera in a seemingly awkward and uneasy way. The...
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African payments giant Flutterwave is vying to buy British fintech Railsr, reports say
Africa’s largest payments technology company Flutterwave could soon be a big player in the British finance space following a bid to acquire Railsr, one of the country’s prominent fintech companies....
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How Mitchell Elegbe went from an employee to building one of Africa’s leading fintech companies now valued at more than $1 billion
Mitchell Elegbe is the Founder, Managing Director, and CEO of Interswitch, an integrated financial payment company in Nigeria. He was a former employee of Schlumberger Wireline and Testing, and telnet...
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How Haitian artist Philippe Dodard became one of the wealthiest men in the country with a net worth of $102M
Born in Port-au-Prince in 1954, Philippe Dodard did his primary studies at the Petit-Séminaire Collège Saint-Martial and his secondary studies at the Cours privés Roger Anglade. At the age of 12, he...
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In the 80’s, J. Bruce Llewellyn built the largest black-owned retail chain in the US with 29 stores. In the 90’s, he led the acquisition of NYT cable for $420M.
On January 9th 1989, Time, Inc. made the decision to sell NYT Cable for $420 million to a minority investment group led by J. Bruce Llewellyn, one of the nation’s leading African American business executives....
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British Airways unveils new uniform designed by Ghanaian fashion icon Ozwald Boateng
For the first time in almost 20 years, British Airways has unveiled a new uniform. Created by Ghanaian-British fashion designer Ozwald Boateng OBE, the collection will be worn by more than 30,000 of the...
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Black couple make history acquiring a hotel in Memphis for $3.8m
Norland James and his wife Dr. Amina Gilyard James are the newest investors in Tennessee, Memphis. The Black couple have expanded their real estate portfolio by purchasing the Quality Inn hotel in Memphis,...
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Compton man shares how he started a wildly successful food truck and restaurant by accident
“It was just one of those beautiful accidents,” Derrick Bivens said about how he started his Compton-based Billionaire Burger Boyz food truck and restaurant. According to him, he wanted a burger...
