Billionaire Watch Archives - Nairametrics https://nairametrics.com/category/people/billionaire-watch/ Destination for Business news and analysis from Africa's largest economy Sun, 18 Aug 2024 08:47:20 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Billionaire Watch Archives - Nairametrics https://nairametrics.com/category/people/billionaire-watch/ 32 32 201037849 AbdulSamad Rabiu’s networth falls by $1.1 billion in 90 days  https://nairametrics.com/2024/08/18/abdulsamad-rabius-networth-falls-by-1-1-billion-in-90-days/ https://nairametrics.com/2024/08/18/abdulsamad-rabius-networth-falls-by-1-1-billion-in-90-days/#respond Sun, 18 Aug 2024 08:47:20 +0000 https://nairametrics.com/?p=496029 AbdulSamad Rabiu, Nigeria's second richest man and Chairman of BUA Cement and BUA Foods, has experienced a significant decrease in his net worth, dropping by $1.1 billion over the past 90 days.  

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]]> https://nairametrics.com/2024/08/18/abdulsamad-rabius-networth-falls-by-1-1-billion-in-90-days/feed/ 0 496029 Walmart billionaires Alice and Jim Walton gain $9.1 billion in 24 hrs  https://nairametrics.com/2024/08/16/walmart-billionaires-alice-and-jim-walton-gain-9-1-billion-in-24-hrs/ https://nairametrics.com/2024/08/16/walmart-billionaires-alice-and-jim-walton-gain-9-1-billion-in-24-hrs/#respond Fri, 16 Aug 2024 06:49:08 +0000 https://nairametrics.com/?p=495900 Walmart heirs Alice and Jim Walton, children of the e-commerce giant's founder, both recorded significant gains in their net worth after the company’s shares surged following a strong revenue and profit rally. 

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]]> https://nairametrics.com/2024/08/16/walmart-billionaires-alice-and-jim-walton-gain-9-1-billion-in-24-hrs/feed/ 0 495900 Aliko Dangote’s Wealth Down by $1.2 Billion in 2024  https://nairametrics.com/2024/08/15/aliko-dangotes-wealth-down-by-1-2-billion-in-2024/ https://nairametrics.com/2024/08/15/aliko-dangotes-wealth-down-by-1-2-billion-in-2024/#respond Thu, 15 Aug 2024 10:05:39 +0000 https://nairametrics.com/?p=495849 Aliko Dangote, the business magnate behind the $20 billion refinery in Nigeria's business capital, has seen his wealth decrease by more than $1 billion this year. 

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]]> https://nairametrics.com/2024/08/15/aliko-dangotes-wealth-down-by-1-2-billion-in-2024/feed/ 0 495849 World’s richest woman, Francoise Betterncourt loses $13 billion so far in 2024    https://nairametrics.com/2024/08/15/worlds-richest-woman-francoise-betterncourt-loses-13-billion-so-far-in-2024/ https://nairametrics.com/2024/08/15/worlds-richest-woman-francoise-betterncourt-loses-13-billion-so-far-in-2024/#respond Thu, 15 Aug 2024 08:30:00 +0000 https://nairametrics.com/?p=495836 Françoise Bettencourt Meyers, the world’s richest woman and heiress to the L’Oréal fortune, has experienced a significant financial setback of $13.1 billion in 2024.

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]]> https://nairametrics.com/2024/08/15/worlds-richest-woman-francoise-betterncourt-loses-13-billion-so-far-in-2024/feed/ 0 495836 Meet China’s new 44 year old richest man  https://nairametrics.com/2024/08/10/meet-chinas-new-44-year-old-richest-man/ https://nairametrics.com/2024/08/10/meet-chinas-new-44-year-old-richest-man/#respond Sat, 10 Aug 2024 16:04:53 +0000 https://nairametrics.com/?p=495563 Colin Huang, the 44-year-old founder of Temu, has risen to the position of China’s richest man, dethroning  Zhong Shanshan, the bottled-water tycoon and founder of Nongfu Spring, who had held the title since April 2021.  According to the Bloomberg Billionaire Index, Huang, a serial entrepreneur, now boasts a net worth of $48.7 billion (€44.50 billion). […]

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]]> https://nairametrics.com/2024/08/10/meet-chinas-new-44-year-old-richest-man/feed/ 0 495563 Francoise Betterncourt’s L’Oréal to buy stakes worth $1.85 billion in Swiss Skincare company  https://nairametrics.com/2024/08/06/francoise-betterncourts-loreal-to-buy-stakes-worth-1-85-billion-in-swiss-skincare-company/ https://nairametrics.com/2024/08/06/francoise-betterncourts-loreal-to-buy-stakes-worth-1-85-billion-in-swiss-skincare-company/#respond Tue, 06 Aug 2024 14:03:06 +0000 https://nairametrics.com/?p=495328 World richest woman, Francois Betterncourt’s L’Oréal has announced plans to acquire a 10% stake valued at $1.85 billion in Swiss skincare company Galderma from a consortium of key shareholders according to Wall Street Journal. 

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]]> https://nairametrics.com/2024/08/06/francoise-betterncourts-loreal-to-buy-stakes-worth-1-85-billion-in-swiss-skincare-company/feed/ 0 495328 Warren Buffett’s Berkshire Hathaway cash pile of $276.9 Billion exceeds Nigeria’s External Reserve by 7x https://nairametrics.com/2024/08/04/warren-buffetts-berkshire-hathaway-cash-pile-of-276-9-billion-exceeds-nigerias-external-reserve-by-7x/ https://nairametrics.com/2024/08/04/warren-buffetts-berkshire-hathaway-cash-pile-of-276-9-billion-exceeds-nigerias-external-reserve-by-7x/#respond Sun, 04 Aug 2024 06:05:30 +0000 https://nairametrics.com/?p=495155 The cash pile of Berkshire Hathaway, founded by renowned billionaire investor Warren Buffett, soared to an astonishing $276.9 billion following a surprise sale of nearly half the company's stake in Apple Inc.

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]]> https://nairametrics.com/2024/08/04/warren-buffetts-berkshire-hathaway-cash-pile-of-276-9-billion-exceeds-nigerias-external-reserve-by-7x/feed/ 0 495155 Singer Akon’s $6 Billion futuristic African City project gets final warning deadline https://nairametrics.com/2024/08/03/singer-akons-6-billion-futuristic-african-city-project-gets-final-warning-deadline/ https://nairametrics.com/2024/08/03/singer-akons-6-billion-futuristic-african-city-project-gets-final-warning-deadline/#respond Sat, 03 Aug 2024 12:47:47 +0000 https://nairametrics.com/?p=495138 R&B singer Akon’s $6 billion futuristic Africa city project has come under fire as government authorities give final deadline for the project’s commencement. 

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]]> https://nairametrics.com/2024/08/03/singer-akons-6-billion-futuristic-african-city-project-gets-final-warning-deadline/feed/ 0 495138 Jeff Bezos, Elon Musk lead $134 Billion wealth loss among world’s richest in 1 day  https://nairametrics.com/2024/08/03/jeff-bezos-elon-musk-lead-134-billion-wealth-loss-among-worlds-richest-in-1-day/ https://nairametrics.com/2024/08/03/jeff-bezos-elon-musk-lead-134-billion-wealth-loss-among-worlds-richest-in-1-day/#respond Sat, 03 Aug 2024 06:58:43 +0000 https://nairametrics.com/?p=495122 Jeff Bezos and Elon Musk, founders of Amazon and Tesla respectively, emerged as the biggest losers in a 24-hour wealth wipeout that saw the world's richest individuals lose a combined $134 billion, according to Bloomberg Billionaire Index data. 

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]]> https://nairametrics.com/2024/08/03/jeff-bezos-elon-musk-lead-134-billion-wealth-loss-among-worlds-richest-in-1-day/feed/ 0 495122 Dangote lost $651 million amid sell-offs in Dangote Cement and naira’s rapid fall  https://nairametrics.com/2024/07/28/dangote-lost-651-million-amid-sell-offs-in-dangote-cement-and-nairas-rapid-fall/ https://nairametrics.com/2024/07/28/dangote-lost-651-million-amid-sell-offs-in-dangote-cement-and-nairas-rapid-fall/#respond Sun, 28 Jul 2024 14:42:55 +0000 https://nairametrics.com/?p=494610 Aliko Dangote, Africa's richest man, lost $651 million due to naira devaluation and sell-offs in Dangote Cement, affecting his wealth.

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]]> https://nairametrics.com/2024/07/28/dangote-lost-651-million-amid-sell-offs-in-dangote-cement-and-nairas-rapid-fall/feed/ 0 494610 Mark Zuckerberg, Jensen Huang’s networth falls by $17 billion in 1 day  https://nairametrics.com/2024/07/18/mark-zuckerberg-jensen-huangs-networth-falls-by-17-billion-in-1-day/ https://nairametrics.com/2024/07/18/mark-zuckerberg-jensen-huangs-networth-falls-by-17-billion-in-1-day/#respond Thu, 18 Jul 2024 08:22:21 +0000 https://nairametrics.com/?p=493735 Facebook founder Mark Zuckerberg and Nvidia’s CEO Jensen Huang have both recorded substantial declines in their net worth, amounting to a combined $17 billion, primarily due to the performance of their companies' shares. 

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]]> https://nairametrics.com/2024/07/18/mark-zuckerberg-jensen-huangs-networth-falls-by-17-billion-in-1-day/feed/ 0 493735 Luxury billionaires’ net worth sinks by $28.3B as market demand falls https://nairametrics.com/2024/07/17/luxury-billionaires-net-worth-sinks-by-28-3b-as-market-demand-falls/ https://nairametrics.com/2024/07/17/luxury-billionaires-net-worth-sinks-by-28-3b-as-market-demand-falls/#respond Wed, 17 Jul 2024 08:44:28 +0000 https://nairametrics.com/?p=493629 This downturn has notably impacted industry giants such as Bernard Arnault, Françoise Bettencourt Meyers, and François Pinault.

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]]> https://nairametrics.com/2024/07/17/luxury-billionaires-net-worth-sinks-by-28-3b-as-market-demand-falls/feed/ 0 493629 Fashion Moguls Arnault and Ortega gain $5 billion in 1 day  https://nairametrics.com/2024/07/12/fashion-moguls-arnault-and-ortega-gain-5-billion-in-1-day/ https://nairametrics.com/2024/07/12/fashion-moguls-arnault-and-ortega-gain-5-billion-in-1-day/#respond Fri, 12 Jul 2024 08:03:48 +0000 https://nairametrics.com/?p=493132 Bernard Arnault and Amancio Ortega, the powerhouse owners of luxury fashion brands Louis Vuitton and Zara respectively, witnessed a combined gain of $5 billion in a single day, topping Forbes' list of top gainers at the close of market trading on Thursday, July 11, 2024.  

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]]> https://nairametrics.com/2024/07/12/fashion-moguls-arnault-and-ortega-gain-5-billion-in-1-day/feed/ 0 493132 Elon Musk is the billionaire with highest loss in 2024 so far https://nairametrics.com/2024/07/05/elon-musk-is-the-billionaire-with-highest-loss-in-2024-so-far/ https://nairametrics.com/2024/07/05/elon-musk-is-the-billionaire-with-highest-loss-in-2024-so-far/#respond Fri, 05 Jul 2024 11:21:34 +0000 https://nairametrics.com/?p=492629 World’s richest Elon Musk, the high-profile CEO of Tesla, has experienced a significant decline in his net worth over the first half of 2024.

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]]> https://nairametrics.com/2024/07/05/elon-musk-is-the-billionaire-with-highest-loss-in-2024-so-far/feed/ 0 492629 King of billionaires: Elon Musk’s networth jumps $12 billion in 24hrs, as Tesla stocks rise  https://nairametrics.com/2024/07/03/king-of-billionaires-elon-musks-networth-jumps-12-billion-in-24hrs-as-tesla-stocks-rise/ https://nairametrics.com/2024/07/03/king-of-billionaires-elon-musks-networth-jumps-12-billion-in-24hrs-as-tesla-stocks-rise/#respond Wed, 03 Jul 2024 07:00:07 +0000 https://nairametrics.com/?p=492434 The world’s richest man, Elon Musk recorded a $12 billion gain in net worth on Tuesday as Tesla’s shares continued to rise, following the electric vehicle maker’s report of delivery figures that exceeded market expectations.  

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]]> https://nairametrics.com/2024/07/03/king-of-billionaires-elon-musks-networth-jumps-12-billion-in-24hrs-as-tesla-stocks-rise/feed/ 0 492434 Johann Rupert’s Richemont appoints new Cartier CEO https://nairametrics.com/2024/07/02/johann-ruperts-richemont-appoints-new-cartier-ceo/ https://nairametrics.com/2024/07/02/johann-ruperts-richemont-appoints-new-cartier-ceo/#respond Tue, 02 Jul 2024 11:35:36 +0000 https://nairametrics.com/?p=492389 The South African owned Richemont by the country’s richest man, Johann Ruppert  has confirmed the appointment of Louis Ferla as the new CEO of its jewellery business, Cartier.

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]]> https://nairametrics.com/2024/07/02/johann-ruperts-richemont-appoints-new-cartier-ceo/feed/ 0 492389 World’s richest woman: Francoise Bettencourt , Arnault networth slump $6 billion in 24hrs  https://nairametrics.com/2024/06/28/worlds-richest-woman-francoise-bettencourt-arnault-networth-slump-6-billion-in-24hrs/ https://nairametrics.com/2024/06/28/worlds-richest-woman-francoise-bettencourt-arnault-networth-slump-6-billion-in-24hrs/#respond Fri, 28 Jun 2024 08:51:35 +0000 https://nairametrics.com/?p=492155 Francoise Bettencourt Meyers, the world's richest woman, and Bernard Arnault, the Louis Vuitton boss, collectively lost $6 billion in net worth recently, according to data from the Forbes Billionaires Index. 

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]]> https://nairametrics.com/2024/06/28/worlds-richest-woman-francoise-bettencourt-arnault-networth-slump-6-billion-in-24hrs/feed/ 0 492155 LVMH billionaire, Bernard Arnault buys shares in rival Johann Rupert’s Richemont  https://nairametrics.com/2024/06/25/lvmh-billionaire-bernard-arnault-buys-shares-in-rival-johann-ruperts-richemont/ https://nairametrics.com/2024/06/25/lvmh-billionaire-bernard-arnault-buys-shares-in-rival-johann-ruperts-richemont/#respond Tue, 25 Jun 2024 16:40:01 +0000 https://nairametrics.com/?p=491985 The chairman and CEO of LVMH, Bernard Arnault, has reportedly acquired a personal equity stake in Richemont, the parent company of Cartier which is controlled by South African billionaire Johann Rupert.  

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]]> https://nairametrics.com/2024/06/25/lvmh-billionaire-bernard-arnault-buys-shares-in-rival-johann-ruperts-richemont/feed/ 0 491985 Billionaire ex-wife Melinda Gates worth $13.4B backs Joe Biden for President   https://nairametrics.com/2024/06/21/billionaire-ex-wife-melinda-gates-worth-13-4b-backs-joe-biden-for-president/ https://nairametrics.com/2024/06/21/billionaire-ex-wife-melinda-gates-worth-13-4b-backs-joe-biden-for-president/#respond Fri, 21 Jun 2024 12:50:08 +0000 https://nairametrics.com/?p=491704 Melinda French Gates, one of the world's wealthiest women, has endorsed the presidential candidate Joe Biden.  

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]]> https://nairametrics.com/2024/06/21/billionaire-ex-wife-melinda-gates-worth-13-4b-backs-joe-biden-for-president/feed/ 0 491704 Africa’s 1st black billionaire: Patrice Motsepe’s net-worth jumps $600 million  https://nairametrics.com/2024/06/21/africas-1st-black-billionaire-patrice-motsepes-net-worth-jumps-600-million/ https://nairametrics.com/2024/06/21/africas-1st-black-billionaire-patrice-motsepes-net-worth-jumps-600-million/#respond Fri, 21 Jun 2024 05:58:28 +0000 https://nairametrics.com/?p=491656 Patrice Motsepe, Africa’s first black billionaire, has recorded a $600 million gain to his net worth in just 90 days, according to data tracked by Nairametrics.  

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]]> https://nairametrics.com/2024/06/21/africas-1st-black-billionaire-patrice-motsepes-net-worth-jumps-600-million/feed/ 0 491656