African billionaires – the term would almost seem to be an oxymoron. Yet there are far more African billionaires than one might think. According to an AFP report, carried by Yahoo! News Oct. 7, the continent's mega-rich have tripled, in line …

Paul Desmarais Sr., the Canadian billionaire who built one of the country's biggest insurance and money-management fortunes after inheriting a fleet of buses in a mining town, has died. He was 86. Desmarais died last night, according to a statement …

Three billionaires in East China's Anhui province made a list of China's richest investors released by the Hurun Research Institute on Wednesday. The list, which is a sub-list of the Hurun China Rich List 2013, ranked Liu Yonghao, chairman of New Hope …

In the latest edition of Ventures Africa, the magazine said the African continent boasts of 55 billionaires, worth $143.88 billion in total. Alakija, a 62-year-old mother-of-four, apart from being a business woman, also has a charity called the Rose of …

LONDON: A bull market for luxury goods and rising demand for construction equipment and laboratory services has minted three new European billionaires who hold stakes in family-controlled businesses. The fortunes of Marina Giori-Swarovski, a heiress to …

A PAN-AFRICAN magazine says the continent has many more billionaires than previously reported, 55 of them worth more than $143 billion including a Nigerian said to be the richest black woman in the world. "Move over, Oprah!" Ventures Africa says in its …

And only one of the top shareholders will become a billionaire—and he's no longer an employee of the company. According to the company's S-1 filing with the Securities and Exchange Commission, the largest individual shareholder is Evan Williams, the …

Owners Mark Fuller and Serg Ivo launched the club last week and the owners say their clientele includes several Russian billionaires. The winning bill included 30 Magnums of Cristal, 20 Bottles of Dom Perignon, 20 Crack Baby shots, six Espresso …

Global wealth has more than doubled since 2000—helping give rise to a new crop of billionaires in emerging countries like China and Russia, according to a Credit Suisse report. Strong economic growth and rising population levels in emerging nations …