Forbes Top 11 Black Billionaires in the World, 2019
There are currently 2,043 billionaires in the world, and out of these people, only eleven are black people.
Aliko Dangote is the richest black person in the world, with a staggering $14.1 billion to his name. He is also the richest person in Africa. Fellow countryman Mike Adenuga follows him with a fortune of $5.3 billion. He is also the second richest person in Africa And the second richest black billionaire in the world.
Other people who make up the list are Michael Jordan, Strive Masiyiwa, Oprah Winfrey, Isabel dos Santos and Mo Ibrahim.
Below is a list of the 11 black billionaires in the world:
1. Aliko Dangote – $14.1 billion
The cement tycoon is the richest person in Africa and the richest black person in the world with an estimated worth of $14.1 billion. He is also into the sugar and flour businesses. Dangote Cement is the largest cement manufacturer in Africa. He has also founded the Dangote Foundation, with focus on health, education and agriculture.
2. Mike Adenuga – $5.3 billion
With major investments in oil, Mike Adenuga has an estimated worth of $5.3 billion, and he also has interests in telecoms, real estate and banking. Globacom, which he owns, is the second largest operator after MTN in Nigeria with more than 30 million subscribers as of now. He is usually known in Nigerian business and social circles as the “Guru.” He obtained an MBA from Pace University and interestingly, he used to drive a taxi. He runs Conoil Producing which is one of the largest indigenous oil exploration and producing companies in Nigeria today. He also has lots and lots of properties in Ghana and Nigeria.
3. Robert Smith – $4.4 billion
Robert Smith, sits at an estimated worth of $4.4 billion. Smith who is Vista’s founder and CEO is reported to be a former investment banker for Goldman Sachs. He has made several acquisitions that has continued to help grow the company immensely. His professional and keen eye in business has made it possible for him to continue growing higher and higher in the industry.
4. Oprah Winfrey – $2.7 billion
Oprah Winfrey is the Richest black woman in the world She has a worth of $2.7 billion, and “The Oprah Winfrey Show” was her gateway to loads and loads of success as a media mogul and also a big media personality. She now has her own cable channel, OWN (Oprah Winfrey Network). It was once a struggling entity but now it is cash flow positive and is enjoying soaring ratings on the back of a series of successful sitcom and drama collaborations.
5. Isabel dos Santos – $2.6 billion
The daughter of the former Angolan president Jose Eduardo dos Santos. She is the richest woman in Africa with a worth of $2.6 billion. She was once at the helm of Sonangol, the Angolan state-owned company but the new government of Joao Lourenco removed her from the post and is now questioning her tenure, with allegations of financial impropriety, allegations which she denies. At 45, she is the youngest black billionaire in the world.
6. Patrice Motsepe – $2.5 billion
Patrice Motsepe is the founder and chairman of African Rainbow Minerals, he became a billionaire in 2008 – the first black African on the Forbes list. He is also the third youngest billionaire in Africa.
Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club.
His worth is estimated around $2.5 billion.
7. Folorunsho Alakija – $1.7 billion
At $1.7 billion, she is the vice chair of Nigerian oil company Famfa Oil. She is Nigeria’s richest woman. Famfa Oil owns a stake in Agbami oil field, a prolific offshore asset. Isabel is the second youngest billionaire in Africa, the richest woman in Africa, the richest person in Angola and the 8th richest person in Africa , she also made the list of the richest black people in the world.
8. Michael Jordan – $1.65 billion
Literally, the face of Basketball. And, with all those Jordan sneakers, his estimated worth is $1.65 billion. He is the majority shareholder of Charlotte Bobcats and enjoys lucrative deals with the likes of Gatorade, Hanes and Upper Deck. The brand Jordan is his biggest flow of gigantic revenues, and a $1 billion (sales) sportswear partnership with Nike.
9. Strive Masiyiwa – $1.39 billion
Strive Masiyiwa is Zimbabwe’s first billionaire, at $1.39 billion. Masiyiwa 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 has the largest mobile subscriber base in Zimbabwe.
10. Michael Lee-Chin – $1.19 billion
At $1.19 billion, Lee-Chin owns a 65% stake in National Commercial Bank Jamaica. He is a Canadian of Jamaican origin.
11. Mohamed Ibrahim – $1.18 billion
Mo Ibrahim has a value of around $1.18 billion. His initial fortune came as the founder of Celtel, an African mobile phone company, which he sold to MTC of Kuwait for $3.4 billion in 2005. He made himself $1.4 billion. His major focus now is improving the lives of Africans through the Mo Ibrahim Foundation.