Tony Elumelu honoured with the 2017 Dwight D. Eisenhower Global Entrepreneurship Award
Businessam Staff
December 5, 2017
The Business Council for International Understanding (BCIU), a non-profit U.S business association dedicated to forging relationships and promoting dialogue between business and government communities across the globe, has honoured both Tony O. Elumelu, chairman of United Bank for Africa Group and J.W. “Bill” Marriott, Jr., Executive Chairman, Marriott International, Inc. with the prestigious Dwight D. […]
Access Bank Herbert Wigwe named 2017 African Business Leader
Businessam StaffDecember 1, 2017
The All Africa Business Leader Awards (AABLA) in partnership with CNBC has named Herbert Wigwe, the group managing director/CEO, of Access Bank Plc as the 2017 African Business Leader of the Year. The announcement was made at the AABLA award finale dinner held Wednesday night at the Sandton Convention Centre in Johannesburg, South Africa, which […]
Why Beyoncé, Jay-Z’s $52 million mortgage might be a smart business decision as they buy $88m house
Businessam StaffDecember 1, 2017
Music star couple Beyoncé and Jay-Z purchased a Bel Air estate for $88 million as they put 40% down and financed the rest with a $52.8 million mortgage from Goldman Sachs. With historically low mortgage rates, taking out a loan allows them to put their cash to better use. Beyoncé and Jay-Z, the billion-dollar […]
Billionaire whose social media company has become more valuable than Facebook
TimeNovember 28, 2017
You may not have heard of Tencent, but about 1/7th of the world has. Last week, the Chinese Internet giant behind social media platforms like WeChat that together count more than 1 billion users briefly surpassed $530 billion in market capitalization — making it more valuable than Facebook. That has made its founder, a 46-year-old […]
Cities that never sleep are shaped by sunrise and sunset
Businessam StaffNovember 26, 2017
Long after the sun has gone down, the electric lights keep blazing. That might suggest that most humans aren’t as influenced by Earth’s light-dark cycle as we used to be. But a new study, drawing on the cellphone call records of more than a million people, shows that the times of day when they are […]
What billionaire Amazon founder Jeff Bezos did at 30 to avoid living with regret
Businessam StaffNovember 20, 2017
Billionaire Jeff Bezos is one of the world’s richest people thanks to a risk he took when he was 30 years old. When the Amazon founder and CEO was in college, he promised himself he would one day start and run his own business. At 30, Bezos made the decision to quit his job to […]
Saudi billionaires said to seek new corporate structures amid purge
Businessam StaffNovember 20, 2017
Wealthy Saudis are seeking to restructure their businesses to ring-fence assets in case of authorities widen their declared crackdown on corruption, according to three people with knowledge of the matter. According to Bloomberg, several family groups and businessmen who aren’t implicated in the purge are talking to local banks and international law firms about how to […]
Estranged Moscow exchange director emerges as blockchain boss
Businessam StaffNovember 20, 2017
It’s been two years since a former managing director of the Moscow Exchange resigned his position in the aftermath of Russia’s annexation of the Crimean region in his native Ukraine. Now, after years of exploring his options, Roman Sulzhyk has become the latest in a string of senior-level executives around the world to make the jump to the blockchain sector. Not only […]
Diageo sues Indian tycoon Vijay Mallya over $40m payout
Businessam StaffNovember 17, 2017
Weeks before a London extradition hearing, Indian business tycoon Vijay Mallya faces a second legal battle after Diageo Plc. sued to recover a $40 million payment made when he was ousted from United Spirits Ltd. last year. According to a report by Bloomberg, Diageo filed the suit in London Tuesday after setting out the grievances […]
You have to pay nearly $1m just to view these apartments
Businessam StaffNovember 17, 2017
At one Hong Kong apartment complex, it will cost you close to $1 million to just get your foot in the door. Real estate agents in the city are asking potential buyers to stump up 7 million Hong Kong dollars ($900,000) to view a new batch of luxury condos, the latest example of the dizzying […]