Top 10 Black Billionaires In The World, 2018
Nigerian Cement tycoon ‘Dangote’ has been named by Forbes Magazine as the richest black person in the world, with a fortune estimated at $14.1 billion.
He is followed by Nigerian oil and telecoms mogul Mike Adenuga who is the second richest black man in the world with a fortune FORBES currently estimates at $5.3 billion.
Angolan investor Isabel dos Santos, American Oprah Winfrey and Nigerian oil tycoon Folorunsho Alakija, are still the only black female billionaires on the FORBES billionaires list.
Below are Top 10 Black Billionaires In The World – Forbes 2018
List of richest black people in the world.
1. Aliko Dangote, $14.1 billion (Nigeria)
According to 2018 FORBES list of the World’s Billionaires, Aliko Dangote is not only Africa’s richest man; he’s also the richest black person in the world.
He built his fortune trading in cement, sugar and flour but subsequently ventured into manufacturing these commodities.
His Dangote Cement is the largest cement producer in Africa with operations.
2. Mike Adenuga, $5.3 billion (Nigeria)
The ‘Guru’ as he is referred to in Nigerian business and social circles built his fortune on oil, telecoms, real estate and banking. His mobile telecom company, Globacom, is the second largest operator after MTN in Nigeria with more than 30 million subscribers today.
His Conoil Producing is one of the largest indigenous oil exploration and producing companies in Nigeria today. Adenuga is also the largest individual owner of property in Nigeria and Ghana, and he owns a significant stake in construction giant, Julius Berger.
He is the second richest black person in the world.
3. Robert Smith, $4.4 billion (America)
The former Goldman Sachs executive started an Austin, Texas-based private equity and venture capital firm Vista Equity Partners in 2000.
It now has over $30 billion in assets under management, and is one of the world’s most successful hedge funds. In 2016 he pledged $50 million to Cornell University, his alma mater.
4. Oprah Winfrey, $2.7 billion (American)
Oprah, once the queen of daytime TV, oprah is still the richest black woman in the world.
5. Isabel Dos Santos, $2.6 billion (Angolan)
Isabel is Also the richest woman in Africa: Her father was President and she used to be the Chairperson of Sonangol, the state-owned oil company until November last year, when Angola’s new President João Lourenço removed her from the role.
Isabel dos Santos owns a lucrative stake in Unitel, the country’s largest mobile phone network, and a stake in Banco BIC. Outside Angola, she owns nearly 6% of oil and gas firm Galp Energia (alongside Portuguese billionaire Americo Amorim), and nearly 19% of Banco BPI, the country’s fourth-largest bank.
She is also a controlling shareholder of Portuguese cable TV and telecom firm Nos SGPS (formerly called Zon).
6. Patrice Motsepe, $2.5 billion (South African)
Patrice Motsepe is the founder and CEO of African Rainbow Minerals, a listed mining company that owns ferrous and base metals, platinum and coal operations in South Africa.
He is also the founder of African Rainbow Capital, an investment firm that acquires stakes in financial services companies. He owns the Mamelodi Sundowns Soccer club.
7. Folorunsho Alakija, $1.7 billion (Nigeria)
Nigeria’s richest woman and second richest woman in Africa is vice chair of Famfa Oil, a Nigerian oil exploration company than owns a stake in Agbami oil field, a prolific offshore asset.
8. Michael Jordan, $1.65 billion (American)
Basketball’s greatest player is the majority shareholder of Charlotte Bobcats and enjoys lucrative deals with the likes of Gatorade, Hanes and Upper Deck. His biggest pile comes from Brand Jordan, a $1 billion (sales) sportswear partnership with Nike.
9. Strive Masiyiwa, $1.39 billion (Zimbabwe)
Telecom tycoon Strive Masiyiwa is Zimbabwe’s first billionaire.
Masiyiwa, 57, is the founder of Econet Group, a Zimbabwe-listed mobile phone company that also has investments in financial services, insurance, e-commerce, renewable energy, education, Coca-Cola bottling, hospitality and payment gateway solutions. Econet also has a Pay television outfit, Kwesé TV, which is already competing favorably across Africa with Naspers’ DSTV.
10. Mohammed Ibrahim, $1.18 Billion (Sudanese-British)
Mo Ibrahim, 71, made his initial fortune as the founder of Celtel, an African mobile phone company, which he sold to MTC of Kuwait for $3.4 billion in 2005. He pocketed $1.4 billion. He now reinvests through Satya Capital, a U.K-based, African focused private equity firm.