Tag Archives: Richest

The top position for the world’s wealthiest person has witnessed another change, with Elon Musk knocked off the spot. Chairman of French luxury goods brand, LVMH Bernard Arnault, saw his net worth increase by $3.1 billion to $211 billion as of March 10, 2023, according to Forbes Magazine. This would …

Ghana has always been touted as one of the best places to do business due to its peaceful, stable and evolving business climate. This has proven to be true over the years as the country has seen various foreigners set up multi-million-dollar businesses in Ghana. However, a number of Ghanaian …

Musk, the chief of companies including Tesla and Twitter, now has a net worth of $187.1 billion, according to Bloomberg. He bested LVMH CEO Bernard Arnault, overtaking the head of the luxury brand conglomerate whose own net worth is $182 billion, according to the Bloomberg Billionaires Index. Arnault had unseated …

Nigerian industrialist Aliko Dangote, whose fortune dropped $400 million to $13.5 billion over the past year, has emerged as the richest person in Africa for the 12th year in a row. South African luxury goods magnate Johann Rupert places second in consecutive years, despite falling $300 million to $10.7 billion …

America’s richest Black billionaire Robert Smith, the founder of one of the biggest tech-focused private equity firms in the United States, Vista Equity Partners, has solidified his place as a big name in the global tech industry. With a net worth of $11.9 billion, according to the Bloomberg Billionaires Index, …

Billionaires often accumulate and increase their wealth by founding and owning stakes in multiple companies. This is because owning multiple businesses provides a consistent source of income and the potential for a sustained increase in profits and valuation. By diversifying their investments across multiple companies, billionaires can reduce their exposure …

Africa’s billionaires saw their wealth increase significantly in 2021, similar to the previous year, despite the long-term effects of the Covid-19 pandemic on business activities and the operations of companies and financial assets controlled by these ultra-wealthy individuals during the year. According to Forbes, 18 of these individuals had a …

It was a successful year for Black businesswomen in the United States, as several saw their wealth significantly increase through new deals, acquisitions, and business expansion. Emma Grede, for example, experienced a significant rise in her net worth. With a current fortune of $360 million, Grede derives her net worth …

Elon Musk has lost his title as the world’s richest person after selling Tesla stocks to fund the $44 billion purchase of Twitter.   Bernard Arnault, the chief executive of luxury brand Louis Vuitton’s parent company LVMH, and his family took the ‘world richest’ title with a personal wealth of $185.4 …

Manchester City and FC Barcelona headline the richest football clubs in the world with Manchester United only fifth on the list. Football is currently the most-watched and most popular sport in the world. The viewership of the sports boasts billions of fans and followers worldwide, which translates to just how …