Omokolade Ajayi | BILLIONAIRES AFRICA | For an economy with a GDP of $37.4 billion, the Ugandan bourse is one of the most undervalued, with a marginal representation of local investors as high institutional ownership crowds them out of the market. Despite the fast growth of the local economy, the …
Read More »More African billionaires
Kampala, Uganda | THE INDEPENDENT | Buoyed by rising stock markets and commodity prices, Africa’s billionaires are collectively wealthier than a year ago. The 23 billionaires that Forbes found in Africa – up from 21 billionaires last year — are worth a combined $75.4 billion, compared to $70 billion in January …
Read More »Bill Gates again world’s richest man; Trump slips
New York, United States | AFP | Microsoft co-founder Bill Gates once again topped the Forbes magazine list of the world’s more than 2,000 billionaires, while US President Donald Trump slipped more than 200 spots, the magazine said Monday. Gates, whose wealth is estimated at $86 billion, led the list …
Read More »Trump joins club of billionaire moguls elected to power
Paris, France | AFP | Donald Trump, the real estate mogul, reality TV star and US president-elect whose worth Forbes estimates at $3.7 billion, joins an ultra-elite group of billionaire business tycoons who have come to power through the ballot box. Other political leaders who first made fortunes in businesses …
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