The world’s richest black billionaires

The world’s richest black billionaires

There are 2,043 billionaires in the world, but only 11 of them are black.

Bill Gates, Warren Buffett, and Jeff Bezos lead the list of the 2,043 people across the globe with three commas in their net worths.

However, despite the large number of billionaires, in 2017, 10 of the world’s billionaires — fewer than 1% — are black, according to data from Forbes contributor Mfonobong Nsehe.

By using stock prices and exchange rates to estimate the net worths of the world’s richest people, and then ranking them based on their wealth, Business Insider listed the world’s richest black millionaires.

Forbes, on the other hand, maintains a current snapshot of the world’s billionaires, updated daily, that you can visit here.

  1. Aliko Dangote, he is Africa’s richest man. He is founder and chair of Dangote Cement, the continent’s largest cement producer, which produces 44 million metric tons annually and plans to increase its output 33% by 2020. He is also the leader of the Dangote Foundation, which focuses on education, agriculture and health. His net worth is estimated at $14.1 billion.
  2. Mike Adenuga, the Nigerian businessman built his fortune in telecom and oil production. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 43 million subscribers, while his oil exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta. He was an MBA student at Pace University in New York, supporting himself by working as a taxi driver. His net worth is $5.3 billion.
  3. Robert Smith, founded Vista Equity Partners, the private equity firm, after leaving Goldamn Sachs. His firm now possesses over $30 billion in assets, posting annualized returns of 22% since inception.His net worth is $4.4 billion.
  4. Oprah Winfrey, her media, entertainment and business empire bring her estimated net worth to $2.7 billion. After retiring from “The Oprah Winfrey Show”, she is now CEO of OWN, a cable T.V. channel. For 2019, Winfrey signed a multi-year content partnership deal with Apple that includes programs for Apple’s original content lineup.
  5.  Isabel Dos Santos, the oldest daughter of Angola’s longtime former president, Jose Eduardo dos Santos, who stepped down in fall 2017, is the youngest black billionaire in the world. She owns shares of Portuguese companies, including telecom and cable TV firm Nos SGPS. Her net worth is $2.6 billion.
  6. Patrice Motsepe, he is the founder and chairman of African Rainbow Minerals. He became a billionaire in 2008, the first black African on the Forbes list. He also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. His net worth is $2.2 billion.
  7. Folorunso Alakija, vice chair of Nigerian oil company Famfa Oil, got her start in business as the founder of an elite Nigerian fashion label. She is now worth $1.7 billion.
  8. Michael Jordan, the NBA’s greatest all-time player totaled $90 million from his basketball career, but he has earned another $1.4 billion (pre-tax) from corporate partners. He bought a majority stake in the Charlotte Hornets in 2010 for a grossed-up value of $175 million, plus, Jordan still has sponsorship deals with Hanes, Gatorade and Upper Deck 15 years after retiring. His net worth is $1.65 billion.
  9. Strive Masiyiwa, born in 1961, is a London-based Zimbabwean businessman, entrepreneur, and philanthropist. He is the founder of mobile phone network Econet Wireless Zimbabwe. He is the country’s first billionaire. His net worth is $1.39 billion.
  10. Michael Lee-Chin, the Jamaican-Canadian business magnate, investor and philanthropist owns a 65% stake in National Commercial Bank Jamaica. His net worth is $1.19 billion.
  11. Mohammed “Mo” Ibrahim, the Sudanese-British billionaire businessman, born in 1946, became a billionaire after selling his telecommunications company, Celtel International, in 2005. He spends much of his time focusing on improving the lives of African citizens through the Mo Ibrahim Foundation. His net worth is $1.18 billion.
2019-03-11T16:14:35+00:00

About the Author:

Pablo Hernandez
Community Manager and Senior Reporter for CEO Magazine. Write to Pablo at pablo.hernandez@ceo-latam.com
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