Nigerian Cement tycoon ‘Dangote’ is the richest black person in the world, with a fortune estimated at $11.9 billion (as of January, 2021).
The second on the list of black billionaires is Nigeria’s Wale Adenuga. He is followed closely by former Goldman Sachs executive Robert Smith, Abdulsamad Rabiu and David Steward.
Angolan investor Isabel dos Santos, and American Oprah Winfrey and Nigerian oil tycoon Folorunsho Alakija, are still the only black female Billionaires in the world.
Black billionaires are individuals of African ancestry with a net worth of at least US$1 billion.
Below are Richest Black Billionaires In The World – Forbes 2021
1. Aliko Dangote, $11.9 billion (Nigeria)
According to 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 man in the world
He built his fortune trading in cement, sugar and flour but subsequently ventured into manufacturing these commodities.
2. Mike Adenuga, $6.3 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 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, $5.2 billion (United States)
The former Goldman Sachs executive started an Austin, Texas-based private equity and venture capital firm Vista Equity Partners in 2000. The firm 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. Abdulsamad Rabiu, $5.3 billion (Nigeria)
With a net worth of $5.3 billion, Rabiu ranks at No. 778. The 60 year old business mogul owns BUA Group, a cement, sugar, and real estate conglomerate.
5. David Steward, $3.7 billion (United States)
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.
Steward is co-founder and chairman of World Wide Technology, an $11.2 billion (sales) IT provider whose customers include Citi, Verizon and the federal government. In the early days, Steward sometimes went without a paycheck and once watched his car get repossessed from the office parking lot.
6. Patrice Motsepe, $3.0 billion (South Africa)
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.
7. Oprah Winfrey, $2.6 billion (United States)
Oprah, once the queen of daytime TV, Oprah is still the richest black woman in the world. And the seventh richest black person in the world.
8. Isabel Dos Santos, $1.7 billion (Angola)
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.
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).
9. Michael Jordan, $1.6 billion (United States)
At No. 9 with a net worth of $1.6 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.
10. Mohammed Dewji, $1.6 billion (Tanzania)
Mohammed Dewji is a Tanzanian billionaire businessman and former politician. He is the owner of MeTL Group, a Tanzanian conglomerate founded by his father in the 1970s.
His company ‘MeTL Group’ has investments in manufacturing, agriculture, trading, finance, mobile telephony, insurance, real estate, transport and logistics, and food and beverages. The group conducts business in 11 countries and employs over 28,000 people.
As of January 2021, Dewji has an estimated net worth of US $1.6 billion, therefore positioning him as Tanzania’s only billionaire, the 10th richest black billionaire in the world, the 16th richest person in Africa and the youngest billionaire in Africa.
11. Kanye West, $1.3 billion (United States)
Kanye west gets an annual royalty from Adidas, which makes Yeezy shoes. The Yeezy brand pulled in an estimated $1.3 billion in sales in 2019.
12. Strive Masiyiwa, $1.2 billion (Zimbabwe)
Strive Masiyiwa is a London-based Zimbabwean billionaire businessman, and philanthropist. He is the founder and executive chairman of the telecommunications, media and technology company Econet Wireless.
He owns just over 50% of the publicly-traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group.
Masiyiwa also owns over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa.
His other assets include stakes in mobile phone networks in Burundi and Lesotho, and investments in fintech and power distribution firms in Africa.
As of January 2021, Strive Masiyiwa has an estimated net worth of US $1.2 billion.
13. Folorunso Alakija, $1 billion (Nigeria)
Folorunso Alakija is a Nigerian billionaire businesswoman and the only Nigerian woman in Forbes rich list.
Folorunsho is the vice chair of Famfa Oil, a Nigerian oil exploration company with a stake in Agbami Oilfield, a prolific offshore asset. She’s also 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.
She also has a majority stake in DaySpring Property Development company.
As of January 2021, Alakija is the 13th Richest black billionaire in the world. She’s also second richest woman in Africa after Isabel Dos Santos and the 20th richest person in Africa.
14. Shawn Corey Carter (Jay Z), $1 billion (United States)
Shawn Corey Carter, known professionally as Jay-Z, is an American rapper, songwriter, record executive, businessman, media proprietor, and record producer. He is widely regarded as one of the most influential hip-hop artists in history, and often cited as one of the greatest rappers of all time.
In 2019, Jay Z became hip-hop’s first billionaire thanks to an empire that includes liquor, art, real estate and stakes in companies like Uber.
15. Tyler Perry, $1 billion (United States)
A director, actor, producer and writer, Tyler Perry is best known for his “Madea” franchise, which has grossed more than $660 million.
Perry’s wealth comes both from his cut as a producer and from a library dating back to the early 1990s: he owns 100% of the content he’s created.
Top 20 Richest People in Africa
|1||Aliko Dangote||Nigeria||$10.1 Billion|
|2||Nassef Sawiris||Egypt||$8 Billion|
|3||Mike Adenuga||Nigeria||$7.7 Billion|
|4||Nicky Oppenheimer||South Africa||$7.7 Billion|
|5||Johann Rupert||South Africa||$6.6 Billion|
|6||Issad Rebrab||Algeria||$4.4 Billion|
|7||Mohamed Mansour||Egypt||$3.3 Billion|
|8||Abdulsamad Rabiu||Nigeria||$3.1 Billion|
|9||Naguib Sawiris||Egypt||$3 Billion|
|10||Patrice Motsepe||South Africa||$2.6 Billion|
|11||Koos Bekker||South Africa||$2.5 Billion|
|12||Yasseen Mansour||Egypt||$2.3 Billion|
|13||Isabel dos Santos||Angola||$2.2 Billion|
|14||Youssef Mansour||Egypt||$1.9 Billion|
|15||Aziz Akhannouch||Morocco||$1.7 Billion|
|16||Mohammed Dewji||Tanzania||$1.6 Billion|
|17||Othman Benjelloun||Morocco||$1.4 Billion|
|18||Michiel Le Roux||South Africa||$1.3 Billion|
|19||Strive Masiyiwa||Zimbabwe||$1.1 Billion|
|20||Folorunsho Alakija||Nigeria||$1 Billion|