Category: <span>Wealth</span>

Jeff Bezos, the founder of Amazon.com Inc. and the fourth-richest person in the world, said he plans to give away the bulk of his fortune, which stands at $124 billion (R2 trillion) according to Bloomberg calculations, during his lifetime.  In an interview with CNN, Bezos said he would devote the bulk of his wealth to fighting...

New analysis by Daily Investor revealed that former Shoprite CEO Whitey Basson created a 2,450% return in shareholder value during his fifteen-year tenure. For this analysis, Daily Investor looked at the shareholder returns – share price growth and dividends – under prominent retail CEOs over the last twenty years. The start date for the analysis...

Billionaire businessman, founder and chairperson of Naspers Koos Bekker is one of those successful individuals this country [South Africa] has produced and celebrated. He also co-founded M-Net/MultiChoice and was a founding director of telecommunications company MTN. Recently, Talk Radio 702 host Bruce Whitfield spoke with financial journalist T.J. Strydom about his book “Koos Bekker’s Billions”. ...

Six years ago, Charl Schwartzel started the year with a bang. Two tournament wins in his first four starts in 2016. Since then? A victory drought. He made 136 consecutive starts without a win while suffering a wrist injury that cut short one season.  It was a tough stretch to endure for the one-time major...

The jersey that Argentina football legend Diego Maradona wore while scoring twice against England in the 1986 World Cup, including the infamous “hand of God” goal, was auctioned for $9.3 million, a record for any item of sports memorabilia, Sotheby’s said on Wednesday. Seven bidders vied for the garment in an auction that began 20...

The South African born entrepreneur and CEO of Tesla Elon Musk has bought Twitter Inc for $44 billion cash on Monday. Taking over the Blue bird is the change of guards where the platform will be in charge of the world’s richest man alive. Musk, who calls himself a free speech absolutist, has criticized Twitter’s...

Tesla founder and CEO Elon Musk have joined the board of the social media giant Twitter, the move came after Musk bought a large piece of stake in the company.   Twitter confirmed the news that Musk indeed bought a 9.2% stake in the company.  Parag Agrawal Twitter CEO in a series of tweets announced that...

Rihanna’s Savage X Fenty is now a big business, the lingerie brand has raised $125 million in a Series C funding round, bringing its total venture capital funding to $310 million.  The seed round was led by Jay-Z’s Marcy Ventures Partners, Neuberger Berman, L Catterton, Avenir, and Sunley House Capital.   According to Savage X Fenty...

Not a lot of basketball players have laid the foundation that someone like Magic Johnson has. Whether it’s through his activism or his business prowess, the man born Earvin Johnson has become a figurehead for all the world’s possibilities, and for overcoming even the worst of adversity. He is one of the richest athletes in the world, and his three children are carrying...

Aliko Dangote, Africa’s richest man, saw his fortune grow by $1.3 billion in less than a month on the back of surge in the share price of his cement company. Dangote Cement Plc, which accounts for about half the entrepreneur’s net worth of $20.4 billion, closed at the highest since 2010 on Friday, adding to...