Nigerian billionaire, Cosmos Maduka, preaches on Lagos streets

Billionaire Robert F. Smith, this year's commencement speaker at Morehouse College, told the graduating class on Sunday he's paying off their student loans estimated to be about $40 million. Here are things to know about the black-American billionaire.

Nigerian billionaire, Cosmos Maduka, preaches on Lagos streets.

David Koch, the industrialist and libertarian who used his fortune to transform American politics while also donating more than $1 billion to philanthropic causes, has died. He was 79. Bloomberg's Greg Farrell reflects on his legacy on "Balance of Power."

Andrew Forrest, chairman of the Minderoo Foundation, a philanthropic organisation, discusses his plans to shift plastics manufacturing to recycling rather than using petroleum. The initiative is called "Sea the Future." Forrest, the billionaire founder of Fortescue Metals Group Ltd., speaks with Shery Ahn and Paul Allen on "Bloomberg Daybreak: Australia."

Facebook CEO Mark Zuckerberg, the fifth-richest person in the world, says no one really needs to be a billionaire. Speaking to employees, he said some of the wealth that can be accumulated is "unreasonable."

Visitors of Moscow's Art Residence sit on wads of cash at a new art installation - a throne stuffed with a million dollars.

Spanish authorities had deemed the painting a national treasure and insisted it stay in Spain. The 83-year-old art collector, who owned the painting, was convicted of smuggling and sentenced to 18 months in prison.

Who will take on Trump at the 2020 election? At 78 years old, Michael Bloomberg has hit the campaign trail. As a Democrat, Bloomberg has positioned himself as a moderate. He has campaigned against guns and promised to tackle climate change, one of the key issues in his campaign. In October 2019, Forbes ranked Bloomberg as the 8th richest person in the world, with an estimated net worth of over 50 billion dollars.

As the total number of confirmed coronavirus cases in Nigeria reaches eight, the Aliko Dangote Foundation earlier pledged N200 million to support Nigeria’s health authorities to combat the spread of the pandemic. Zouera Youssoufou, Managing Director and CEO of Aliko Dangote Foundation disclosed this while speaking to CNBC Africa’s Kenneth Igbomor.

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Equipment packages donated to Kenya by Chinese billionaire Jack Ma are unaccounted for. An estimated $400 million in funds have gone missing in Kenya during the Covid-19 response. Also, Zimbabwe insists that its plans to return the farms of 37 foreign nationals that were taken under a land reform programme in the early 2000s do not mean it's reversing its stance on the policy. Finally, the coronavirus has helped at least one sector: northern Nigeria's film industry. We see how online streaming platform Northflix is taking off.

Nikhil Kamath's trading platform has been dubbed the Robinhood of India, amassing millions of users and earning him billionaire status amid the pandemic. CNBC Make It's Karen Gilchrist spoke to the 34-year-old co-founder of Zerodha about how it all started with a game of chess.