Who are the richest black people in the world? There are lots of billionaires in the world that have been on the Forbes list for years and are still on top, 2,153 people made it to the list of world’s billionaires in 2020 we have 13 of them as black and have been on the list for 11years.
The 13 richest black people in the world 2019 come from different part of the world, we have 4 of them as Nigerians, 4 Americans, 1 Zimbabwean, 1 Angolan, 1 South African, 1 Canadian and a British. Most of them made their billions from different businesses such as the production of cement, sugar, flour, telecommunications, oil industry, private equity, technology, television, investment, mining, basketball.
Let us look at the 13 richest black people in the world 2020;
#1 ALIKO DANGOTE
NET WORTH: $10.9 billion
Aliko Dangote is the world’s richest Black man who made his fortune from investing a loan he got from his Uncle 3 decades ago into the production of Sugar, cement, and flour.
Today Dangote group is the largest conglomerate in Africa. Aliko Dangote was born on the 10th of April 1957 and hailed from Kano State. He was from a wealthy family where his great-grandad Alhaji Alhassan Dantata who died in the year 1955 was the richest in Africa at the time of his death.
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Aliko Dangote also has an ongoing massive project which will be of a great benefit to his country Nigeria and a great achievement for his group as a whole, he is building a private oil refinery in Nigeria which will have a capacity of refining 6,500,000 barrels a day which will help his country reduce importation of refined oil.
#2 MIKE ADENUGA
NET WORTH: $9.1 billion
Mike Adenuga followed Aliko Dangote on the list with a net worth of $9.1 billion, he made his fortune from oil and mobile telecommunication, he owns Conoil Producing Company formerly called Consolidated Oil Company which is the first Nigerian Company to get an Oil exploration license in the year 1991.
Mike Adenuga was born on the 29th Of April 1953, he is the founder of Globacom telecoms, he also has a stake in Equitorial Trust Bank. The Nigerian businessman venture in Real Estate with hundreds of prime residential and commercial properties all over Nigeria.
#3 ROBERT F. SMITH
NET WORTH: $5 billion
Robert F. Smith is an American with a net worth of $5 billion, he is an American businessman, the founder, and CEO of Private Equity firm Vista Equity Partners, and he is also a former executive at Goldman Sachs. Robert F. Smith was born on the 1st Of December 1962, he was a former chemical engineer, an investor, and a philanthropist.
#4 DAVID STEWARD
NET WORTH: $3 billion
David L. Steward founder and chairman of World Wide Technology an IT provider company with $11.2 billion in sales and has top companies as clients. He was born in 1951 and as a net worth of $3 billion, he claims no 4th position on the richest black billionaires in the world.
#5 OPRAH WINFREY
NET WORTH: $2.5 billion
Oprah Winfrey is the 2nd richest black woman on earth with a net worth of $2.5 billion, Oprah Winfrey made her billions of dollars from her TV show The Oprah Winfrey Show, and also she is a media executive, television producer.
Oprah Winfrey was born on the 29th Of January, 1954, she made some fortune from her Harpo Production Company and started her own channel named Oprah Winfrey Network (OWN), her show Opray Winfrey Show was top-notch and have interviewed top celebrities.
#6 STRIVE MASIYIWA
NET WORTH: $2.4 billion
Strive Masiyiwa is a Zimbabwean businessman with a net worth of $2.4 billion, though he is based in London and was born on the 29th Of January 1961. Strive Masiyiwa is the founder and executive chairman of one of the widely known telecommunication company in Africa ECONET. Econet is widely used in different countries in Africa with over 10 million subscribers in Zimbabwe, Lesotho, Burundi, and Botswana.
#7 ISABEL DOS SANTOS
NET WORTH: $2.3 billion
Isabel Dos Santos is an Angolan investor, she was born on the 1st Of April, 1973 as the oldest daughter of Angola’s former president Jose Eduardo dos Santos who ruled Angola from 1979 to 2017.
Isabel Dos Santos is Africa’s richest woman with her investment which includes 25% stake in UNITEL (Angolan mobile phone company), 25% stake in Banco BIC SA (Angola Bank), 20% stake in Banco BPL (Portugal traded bank) and some stake in a Portuguese cable TV company (SGPS)
She’s the only woman on the top 10 richest African billionaires.
READ ALSO: RICHEST BLACK WOMEN IN THE WORLD
#8 PATRICE MOTSEPE
NET WORTH: $2.3 billion
Patrice Motsepe is a South African businessman, he is the founder and executive chairman of African Rainbow Minerals, a mining company that has copper, gold, manganese, iron, coal. nickel and chrome.
Patrice Motsepe was born on the 28th Of January, 1962, and his the first and only black billionaire in South Africa, he also has some stake in a private equity firm that is into investment in the financial services sector Africa Rainbow Capital.
#9 MICHAEL JORDAN
NET WORTH: $1.9 billion
Michael Jordan is an American, he is the greatest American former Basketball player, the former player of Chicago Bulls and Washington Wizard is the chairman and owner of Charlotte Hornets of the NBA (National Basketball Association).
Michael Jordan was born on 17th Of February, 1963, and also made some of his fortunes from his Sportswear Brand Jordan that he partnered with Nike and has over $1 billion sales
#10 MICHAEL LEE-CHIN
NET WORTH: $1.9 billion
Michael Lee-Chin is a Jamaican – Canadian investor with a net worth of $1.9 billion, he was born on the 3rd Of January 1951, he serves as the chairman and CEO of Portland Holdings Inc, a private investment company. Lee-Chin has a stake of 65% in the National Commercial Bank in Jamaica.
#11 ABDULSAMAD RABIU
NET WORTH: $1.6 billion
Abdulsamad Rabiu is a Nigerian businessman, he is the founder and chairman of BUA Group, a Nigerian conglomerate that deals in sugar refining, manufacturing, oil and gas, cement production, real estate, steel, port concessions, and shipping.
Abdulsalam was born on the 4th Of August 1960, a son of one of Nigeria’s foremost businessman ISYAKU RABIU who he worked for before starting his own importation business in 1988.
#12 FOLORUNSHO ALAKIJA
NET WORTH: $1.1 billion
Folorunsho Alakija is a Nigerian businesswoman with a net worth of $1.1 billion, she is the founder and executive vice-chairman of Famfa Oil Limited.
Alakija was born on the 15th Of July, 1951 in Ikorodu to the family of Chief Ogbara, She quit her a job as a secretary in a Nigeria Merchant bank in the 1970s to study fashion design in England.
She is one of the top ten richest black women in the world.
#13 MOHAMMED IBRAHIM
NETWORTH: $1.1 billion
Mohammed Ibrahim is a Sudanese businessman with a net worth of $1.1 billion, he is the founder of Celtel International and sold it to Kuwait’s Mobile Telecommunications company in 2005 for $3.4 billion. He was born on the 3rd Of May, 1946, after selling Celtel in 2005, he founded Mo Ibrahim Foundation to encourage good governance in Africa.
Finally, here’s a quick recap of the richest black people in the world:
- ALIKO DANGOTE
- MIKE ADENUGA
- ROBERT F. SMITH
- DAVID STEWARD
- OPRAH WINFREY
- STRIVE MASIYIWA
- ISABEL DOS SANTOS
- PATRICE MOTSEPE
- MICHAEL JORDAN
- MICHAEL LEE-CHIN
- ABDULSAMAD RABIU
- FOLORUNSHO ALAKIJA
- MOHAMMED IBRAHIM
How many of these black people did you know were as rich as this? Leave your comment below.