Toto Wolff has officially reached billionaire status.
He owns 33% of the Mercedes Formula 1 team and acquired the equity stake at a significant discount.
The team now has more than 1,000 employees and brings in $450 million in annual revenue.
Here's the fascinating story 👇
Below are some of the most interesting business stories I came across in 2020.
P. S The list is not exhaustive.
1) PSG unbundled it's 28.1% ownership of Capitec.
2) MTN sold a minority stake in Jumia Technologies for R2.3-billion.