
Masiyiwa loses $600 million but pushes ahead with Africa’s first AI factory
His net worth has fallen to $1.2 billion, down from $1.8 billion in January, part of a steady slide since 2022, when his fortune peaked at $3 billion.
His net worth has fallen to $1.2 billion, down from $1.8 billion in January, part of a steady slide since 2022, when his fortune peaked at $3 billion.
This comes despite global interest in his $20 billion Dangote Oil Refinery, one of Africa’s most ambitious projects.
These women are more than financial icons, they are leaders transforming industries, from media and fashion to cosmetics and luxury.
The boost in Mouton’s wealth is largely attributed to Capitec Bank, where he holds a 5.1 percent stake through the J.F. Mouton Familietrust.
Reports have speculated that his net worth stands at $2.15 billion, but Forbes remains the recognized authority in wealth rankings—anything else is just speculation.
The latest surge in his net worth comes just weeks after he raised concerns about cybersecurity and the growing use of deepfake technology in financial scams.
Reflecting on the decade-long journey to completion, Dangote told Forbes, “If this didn’t work, I was dead.”
Forbes’ latest valuation narrows the gap with Bloomberg’s estimate, though a discrepancy remains.
This marks a staggering $400 million increase over the past year, driven by a diverse investment portfolio spanning sports, insurance, and consumer-facing businesses.
The Black billionaire, who owns a 2.63 percent stake in Palantir, added $2.1 billion to his net worth in just a few days, according to Forbes’ estimates.
Forbes' real-time billionaire rankings still list Rupert as Africa’s richest person, with a net worth of $13.1 billion.
This brings his fortune to $1.6 billion, cementing his position as one of Africa’s richest and most influential businessmen.
In just two years, Steward's wealth has nearly doubled, up from $6 billion in 2022 to $7.6 billion in 2023, before reaching its current level.
The world’s richest Black woman, Oprah Winfrey, dives into AI with new TV special.
The majority of his earnings, totaling $55 million, came from off-field activities such as businesses, endorsement deals, appearances, memorabilia, and licensing.
With the surge in Palantir shares and the recent boost in his net worth, Karp has reinforced his standing among the world’s Black billionaires.