Daily News on African Billionaires and UHNWIs

Phil Knight and his wife Penny are donating $1 billion to Providence St. Vincent Medical Center in Oregon, one of the largest gifts ever made to an American healthcare institution.

The money will build the first women's specialty hospital in the state, with a neonatal intensive care unit and integrated gynaecology, maternity, menopause and cardiovascular services under ...

OpenAI is considering another private funding round at a valuation of $1.2 trillion, ahead of the public listing it has been preparing since the spring, the Financial Times reported on Sept. 15.

That would be 41% above where it was priced in March and higher than the figure it has been holding out for at flotation.

The last round closed on March 31 at $852 billion...

Ramachandran Ottapathu can buy 70% of Engen Botswana, and the price of approval is 67 filling stations he already owns.

Botswana's Competition and Consumer Authority cleared the acquisition by Fusion Spark, the vehicle behind the purchase, subject to conditions covering employment, independent dealers and local ownership. The transaction is listed as merger notice 14 of...

Gina Rinehart has agreed to pay A$8.77 million for 13.5% of White Cliff Minerals, which makes her a larger shareholder than her son in a company he founded and has fought her in court for years.

Hancock Prospecting, the private mining group she runs, will take 515,791,601 new shares at A$0.017 each under a conditional placement announced on Sept. 15. The stock rose as m...

Len Blavatnik is being asked to give evidence in a legal fight over a film his company paid for.

Lawyers for the Australian actress Rebel Wilson filed a request on Sept. 14 asking a Los Angeles Superior Court judge to help them compel the billionaire to sit for a deposition. It forms part of her defence against a defamation lawsuit brought by the producers of The Deb, t...