Ray Whiteman walked away from Carlyle and turned $870 million into a $3.9 billion empire

Billionaires Africa | 07.04.2026 19:19
When Ray Whiteman co-founded Stellex Capital Management in 2014, he had no outside pressure to do it. He had a senior partnership at one of the most powerful private equity firms on earth, a two-decade track record and no obvious reason to leave. He left anyway, and built something that now manages $3.9 billion across two continents.