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Top 10 Richest Black Billionaires In The World, 2020

Nigerian Cement tycoon ‘Dangote’ again has been named by Forbes Magazine as the richest black person in the world, with a fortune estimated at $8.7 billion (as at May, 2020) making him the richest black billionaire in the world.
The second on the list of richest billionaires in the world is Nigeria’s Wale Adenuga.

Wale Adenuga is followed closely by American former Goldman Sachs executive Robert Smith third richest black man in the world and the third richest black billionaire with a fortune FORBES currently estimates at $5 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 list of richest billionaires.

Below are Top 10 Richest Black Billionaires In The World – Forbes 2020

List of richest black people in the world.

1. Aliko Dangote, $8.7 billion (Nigeria)

According to 2020 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.

Dangote is the richest black billionaire

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, $5.6 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 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 person in Africa. And number two on forbes list of richest black billionaires.

3. Robert Smith, $5 billion (America)

The former Goldman Sachs executive started an Austin, Texas-based private equity and venture capital firm Vista Equity Partners in 2000.

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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.
He is number three on the list of richest black billionaires.

4. David Steward, $3.5 billion (American)

As co-founder and chairman of World Wide Technology, Steward’s rise to the top wasn’t a smooth path. Forbes says he once watched as his car was repossessed from his office’s parking lot. Now, Steward lands at No. 538 on the Forbes’ list with a net worth of $3.5 billion.

5. Abdulsamad Rabiu, $3.0 billion (Nigerian)

With a net worth of $3.0 billion, Rabiu ranks at No. 778. The 59-year-old business mogul owns BUA Group, a cement, sugar, and real estate conglomerate. At the start of this year, Rabiu merged his two powerhouse cement companies, Obu Cement and Cement Co. of Northern Nigeria.

6. Oprah Winfrey, $2.9 billion (American)

Oprah, once the queen of daytime TV, Oprah is still the richest black woman in the world. And number six on forbes list of richest black billionaires.

7. Michael Jordan, $2.1 billion (American)

At No. 1168, with a net worth of $2.1 billion, the former NBA legend has built a multi-billion dollar empire. Forbes reports that the six-time NBA champion amassed $1.7 billion (before taxes) of his net worth from corporate partnerships.

8. Patrice Motsepe, $1.8 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.

He is currently the richest black man in South Africa and the only black south African on forbes list of richest black billionaires.

9. Isabel Dos Santos, $1.6 billion (Angolan)

Isabel is the richest woman in Africa and the richest black female billionaire who resides 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.

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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).

10. Strive Masiyiwa, $1.5 billion (Zimbabwe)

Telecom tycoon Strive Masiyiwa is Zimbabwe’s first billionaire.

Masiyiwa, 59, 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.


Top 20 Richest People in Africa 2020

RankNameCountryNet Worth
1Aliko DangoteNigeria$10.1 Billion
2Nassef SawirisEgypt$8 Billion
3Mike AdenugaNigeria$7.7 Billion
4Nicky OppenheimerSouth Africa$7.7 Billion
5Johann RupertSouth Africa$6.6 Billion
6Issad RebrabAlgeria$4.4 Billion
7Mohamed MansourEgypt$3.3 Billion
8Abdulsamad RabiuNigeria$3.1 Billion
9Naguib SawirisEgypt$3 Billion
10Patrice MotsepeSouth Africa$2.6 Billion
11Koos BekkerSouth Africa$2.5 Billion
12Yasseen MansourEgypt$2.3 Billion
13Isabel dos SantosAngola$2.2 Billion
14Youssef MansourEgypt$1.9 Billion
15Aziz AkhannouchMorocco$1.7 Billion
16Mohammed DewjiTanzania$1.6 Billion
17Othman BenjellounMorocco$1.4 Billion
18Michiel Le RouxSouth Africa$1.3 Billion
19Strive MasiyiwaZimbabwe$1.1 Billion
20Folorunsho AlakijaNigeria$1 Billion

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