11 of the world’s billionaires – fewer than 1% – are black. They’re comprised of media moguls, telecom giants, and more.
- Abdulsamad Rabiu – Net Worth: $1 Billion.
Abdul Samad Isyaku Rabiu CON (born 4 August 1960, Kano Nigeria) is a Nigerian businessman. His father, late Khalifah Isyaku Rabiu was one of Nigeria’s foremost industrialists in the 1970s and 1980s. Abdul Samad is the founder and chairman of BUA Group, a Nigerian conglomerate with interests in manufacturing, infrastructure and agriculture with a revenue in excess of $2.5 billion. He is also the chairman of Nigerian Bank of Industry (BOI).
Abdul Samad’s wealth is at $1 billion, bringing him to the global billionaire’s club.
- Mohammed Ibrahim – Net Worth: $1.1 Billion
Mohammed “Mo” Ibrahim (Arabic: محمد إبراهيم; born 3 May 1946) is a Sudanese-British billionaire businessman. He worked for several telecommunications companies, before founding Celtel, which when sold had over 24 million mobile phone subscribers in 14 African countries. After selling Celtel in 2005 for $3.4 billion, he set up the Mo Ibrahim Foundation to encourage better governance in Africa, as well as creating the Mo Ibrahim Index, to evaluate nations’ performance. He is also a member of the Africa regional advisory board of London Business School.In 2007 he initiated the Mo Ibrahim Prize for Achievement in African Leadership, which awards a $5 million initial payment, and a $200,000 annual payment for life to African heads of state who deliver security, health, education and economic development to their constituents and democratically transfer power to their successors. Ibrahim has pledged to give at least half of his wealth to charity by joining The Giving Pledge.
Mo Ibrahim’s net worth is at $1.1 Billion.
- Folorunso Alakija – Net Worth: $1.1 Billion
Folorunso Alakija (born 15 July 1951) is a Nigerian billionaire businesswoman, one of the richest African women, and one of the richest black women in the world. In 2014, she temporarily unseated Oprah Winfrey as the richest woman of African descent in the world. She is involved in the fashion, oil and printing industries. She is the group managing director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited and the executive vice-chairman of Famfa Oil Limited. Alakija is ranked by Forbes as the richest woman in Nigeria with an estimated net worth of $1.1 billion. As of 2015, she is listed as the second most powerful woman in Africa after Ngozi Okonjo-Iweala and the 87th most powerful woman in the world by Forbes.
- Michael Jordan – Net Worth: $1.9 Billion
Michael Jeffrey Jordan (born February 17, 1963) is a professional American basketball player, Olympic athlete, businessperson and actor. Considered one of the best basketball players ever, he dominated the sport from the mid-1980s to the late 1990s.
Jordan led the Chicago Bulls to six National Basketball Association championships and earned the NBA’s Most Valuable Player Award five times. With five regular-season MVPs and three All-Star MVPs, Jordan became the most decorated player in the NBA.
- Mohammed Dewji – Net Worth $1.9 Billion
Mohammed “Mo” Gulamabbas Dewji (born 8 May 1975) is a Tanzanian businessman and former politician. He is owner of MeTL Group, a Tanzanian conglomerate founded by his father in the 1970s. Dewji served as Member of the Tanzanian Parliament for Chama Cha Mapinduzi (CCM) from 2005 to 2015 for his home town of Singida. As of October 2018, Dewji has an estimated net worth of US $1.9 billion, therefore positioning him as the 17th richest person in Africa and the continent’s youngest billionaire. Dewji is also the first Tanzanian to cover Forbes Magazine in 2013.
- Michael Lee–Chin – Net Worth: $1.9 Billion
Michael Lee-Chin, businessman, investor and philanthropist (born 3 January 1951 in Port Antonio, Jamaica). Lee-Chin is president and chairman of Portland Holdings, a private investment company. According to Canadian Business magazine, Lee-Chin has an estimated net worth of more than $1. 9 billion (as of 2017) and was ranked the 20th wealthiest Canadian. He is also one of the richest Jamaicans. Lee-Chin is also a dedicated philanthropist and has pledged and donated more than $60 million to hospitals, universities and, most notably, the Royal Ontario Museum, where the Michael Lee-Chin Crystal is named in honour of his $30-million pledge.
- Strive Masiyiwa – Net Worth: $2 Billion
Strive Masiyiwa (born 29 January 1961) is a London-based Zimbabwean businessman, entrepreneur, and philanthropist. He is the founder and executive chairman of diversified international Telecommunications, Media and Technology group Econet Wireless. Masiyiwa is a member of the Africa Progress Panel (APP), a group of ten distinguished individuals who advocate at the highest levels for equitable and sustainable development in Africa. As a Panel Member, he facilitates coalition building to leverage and broker knowledge and convenes decision-makers to influence policy for lasting change in Africa.
He has won numerous accolades and gained international recognition for his business expertise and philanthropy, and is considered one of Africa’s most generous humanitarians.
- Isabel Dos Santos – Net Worth: $2.4 Billion
Isabel dos Santos is an Angolan businesswoman, Africa’s richest woman and the eldest child of Angola’s former President José Eduardo dos Santos, who ruled the country from 1979 to 2017. In 2013, according to research by Forbes, her net worth had reached more than two billion US dollars, making her Africa’s first billionaire woman. A Forbes magazine article described in 2013 how Isabel dos Santos acquired her wealth by taking stakes in companies doing business in Angola, suggesting that her wealth comes almost entirely from her family’s power and connections. In November 2015, the BBC named Isabel dos Santos as one of the 100 most influential women in the world.
- Oprah Winfrey – Net Worth: $2.4 Billion
Oprah Winfrey, (born January 29, 1954, Kosciusko, Mississippi, U.S.), American television personality, actress, and entrepreneur whose syndicated daily talk show was among the most popular of the genre. She became one of the richest and most influential women in the United States with her net worth at $2.4 Billion.
- Patrice Motsepe – Net Worth: $2.5 Billion
Patrice Tlhopane Motsepe (born 28 January 1962) is a South African mining businessman and billionaire. He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum. He sits on several company boards, including being the non-executive chairman of Harmony Gold, the world’s 12th largest gold mining company, and the deputy chairman of Sanlam. In 2012, Motsepe was named South Africa’s richest man, topping the Sunday Times’ annual Rich List with an estimated fortune of $2.5 billion.
- David Steward – Net Worth: $4 Billion
David L. Steward (born 1951) is Chairman and Founder of World Wide Technology, Inc., one of the largest African-American-owned businesses in America. David Steward is one of just four black billionaires in America, being 745th in the Forbest Billionaires 2019 list.
- Robert F. Smith – Net Worth: $4.4 Billion
Robert F. Smith is best known as the founder, chairman, and CEO of Vista Equity Partners, a multi-billion-dollar private equity and wealth management company that employs over thirty thousand people around the world and focuses on the growth of firms that develop enterprise software. Forbes ranked him as the 268th richest person in the United States in 2015 and the second richest black person behind Oprah Winfrey.
- Mike Adenuga – Net Worth: $9.4 Billion
Michael Adeniyi Agbolade Ishola Adenuga Jr, GCON (born 29 April 1953) is a Nigerian billionaire businessman, and the second-richest person in Nigeria. His company Globacom is Nigeria’s second-largest telecom operator, and has a presence in Ghana and Benin. He owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil (formerly Consolidated Oil Company). Forbes has estimated his net worth at $9.4 billion as of 2019.
- Aliko Dangote – Net Worth: $10.6 Billion
Aliko Dangote GCON (born 10 April 1957) is a Nigerian business magnate, investor, and owner of the Dangote Group, which has interests in commodities in Nigeria and other African countries. As of March 2019, he had an estimated net worth of US$10.6 billion. Dangote is ranked by Forbes magazine as the 100th-richest person in the world and the richest in Africa, and peaked on the list as the 23rd-richest person in the world in 2014.
- Mohammed Al Amoudi – $10.9 Billion
Mohammed Hussein Ali Al-‘Amoudi (Amharic: ሞሐመድ አልዐሙዲ, Arabic: محمد حسين علي العمودي) is a Saudi billionaire businessman. He was born in Ethiopia in 1946 to a Yemeni father and an Ethiopian mother. In 2016, his net worth was estimated by Forbes at approximately $10.9 billion and a relative fall in net value was linked to the global fall in oil and gold prices at the time of estimation. He was also listed as Ethiopia’s richest man, the second richest Saudi Arabian citizen in the world and the second richest black person in the world. Al Amoudi made his fortune in construction and real estate before branching out to buy oil refineries in Sweden and Morocco. He is the largest individual foreign investor in Ethiopia and a major investor in Sweden.