Daily News on African Billionaires and UHNWIs

Elon Musk is about to become the world's first trillionaire. The moment arrives June 12, 2026, when SpaceX prices its initial public offering at $135 per share on the Nasdaq at a total valuation of $1.77 trillion, pushing Musk's personal net worth past the one-trillion-dollar threshold that no individual in recorded financial history has ever crossed.

Musk entered June ...

Kevin Hart is going back to Netflix, this time with Henry Cavill as his co-star, in an untitled high-concept spy action comedy that Deadline, Variety and TheWrap confirmed on June 5, 2026, setting up one of the most commercially loaded casting announcements the streaming platform has made this year.

The film, directed by McG, whose credits include Charlie's Angels, Term...

The most important 18 months in Rick Ross's life are not the ones his fans know best. They are not the months following the release of Hustlin in 2006, when Jay-Z offered him a multimillion-dollar deal with Def Jam and Port of Miami debuted at number one on the Billboard 200, selling 187,000 copies in its first week. They are the 18 months from December 1995 to June 1997, whe...

Sudhir Ruparelia, Uganda's richest man and the self-described landlord of Kampala, has built one of the most distinctive revenue streams in African real estate: a steady, multi-billion shilling monthly income from the government of the same country that expelled him at 16 years old with nothing.

Fresh scrutiny of that arrangement has surfaced in Uganda's parliament, wit...

Good evening from Billionaires.Africa.

A lighter weekend edition: one fresh report worth your time, then a quick week-in-review.

The read of the weekend

A new Standard Bank report, released this week, examines how Africa's wealthiest think about money, risk, and wealth transfer — and why their instincts dive...