Oluwatosin Alabi

3 weeks ago | billionaires.africa | Timilehin Adejumobi |Omokolade Ajayi |Oluwatosin Alabi |Feyisayo Ajayi

Key PointsLeBron James signs a major distribution deal with Amazon, bringing his basketball podcast “Mind the Game” to Prime Video, Music, and Echo devices. The second season of “Mind the Game,” co-hosted by Steve Nash, premieres in April, with episodes available on YouTube and podcast platforms. James' $1.2 billion net worth fuels ventures in sports, media, and ownership, including WNBA stakes and a $7 billion NBA expansion bid.

Jan 10, 2025 | billionaires.africa | Timilehin Adejumobi |Feyisayo Ajayi |Omokolade Ajayi |Oluwatosin Alabi

Key PointsGlencore, which announced its intention to sell its stake in the loss-making KNS earlier in the year, halted operations at the site in March 2024. High costs, unrest, and shutdowns hit New Caledonia's nickel sector, disrupting operations and investor confidence. EV battery demand fuels interest, as Glencore explores strategic investments in energy and emerging markets.

Jan 10, 2025 | billionaires.africa | Feyisayo Ajayi |Omokolade Ajayi |Oluwatosin Alabi

Key PointsJP Morgan increases its Bidcorp stake by 1.92% with a $150.8 million investment, reaching 6.91%. Bidcorp thrives with innovative food service solutions, attracting heightened global investor interest. The acquisition reinforces JP Morgan's deepened synergy and confidence with South Africa’s corporate landscape.

Jan 9, 2025 | billionaires.africa | Omokolade Ajayi |Oluwatosin Alabi |Feyisayo Ajayi

Key PointsKoos Bekker's investment portfolio has dropped by $112 million in 2025, mainly due to declining stakes in Prosus and Naspers. Tencent’s blacklisting by the U.S. has caused a 10% drop in its stock, affecting Prosus and Naspers. Bekker’s net worth declines to $2.8 billion, with $112.7 million lost in his stakes in Prosus and Naspers. South African billionaire Koos Bekker has suffered a $112-million decline in his investment portfolio since the start of 2025.

Jan 9, 2025 | billionaires.africa | Omokolade Ajayi |Oluwatosin Alabi

Key PointsThe Sawiris brothers—Nassef, Samih, and Naguib—will receive a combined $13.3 million interim dividend from Orascom Construction's strong financial performance. Orascom Construction's $24.25 million dividend reflects its resilience amid economic challenges, with the Sawiris brothers set to receive $13.3 million total. Despite a slight revenue decline, Orascom's disciplined expansion strategy and diversification helped it post $2.32 billion in revenue, maintaining profitability.