According to Forbes, there are about 2500 billionaires in the world as of 2022. 12 of them are black billionaires. Aliko Dangote, the richest man in Nigeria and in Africa is the wealthiest black billionaire in the world. Mike Adenuga and Abdulsamad Rabiu also from Nigeria are the world’s second and third richest black billionaires respectively. The others come from the United States, South Africa, and Zimbabwe. Below is the complete list of all the 12 black billionaires in the world.
1. Aliko Dangote
|Net worth||$14 B|
|Source of wealth||cement, sugar, flour|
Aliko Dangote is the richest black billionaire in the world. He became a billionaire in 2008 and is the richest man in Nigeria and in Africa. Dangote is ranked at number 131 on the list of the world’s wealthiest people by Forbes as of March 2022. The billionaire is the chairman and CEO of Dangote Group, the largest industrial group in Nigeria. The group owns the largest sugar refinery in Africa and the world’s 3rd largest, producing about 800,000 tonnes of sugar every year. Dangote Cement, a subsidiary of the Dangote Group is the 20th most valuable company in Africa with a market cap of $8.947 billion according to the African Business magazine.
Related: The Richest man in Africa 2022
2. Mike Adenuga
|Net worth||$7.3 B|
|Source of wealth||Oil, telecoms|
He made his first million at the age of 26 by selling soft drinks and lace. He’s now Nigeria’s second-richest man and the 339th wealthiest individual in the world. The billionaire owns Globacom, the second-largest network operator in Nigeria with more than 55 million subscribers. Globacom generates more than $1 billion in revenues annually. He also owns Conoil, an oil exploration company that operates 6 oil blocks in the Niger Delta. Mike Adenuga is the 6th wealthiest billionaire in Africa as of 2022.
3. Abdul Samad Rabiu
|Net worth||$6.8 B|
|Source of wealth||Cement, sugar|
Abdulsamad Rabiu is a Nigerian business magnate and philanthropist. He’s the 3rd richest man in Nigeria and one of the wealthiest individuals in Africa. Rabiu owns BUA Group, a conglomerate in Nigeria that has interests in sugar refining, cement manufacturing, oil and gas, steel, shipping, real estate among other sectors. Forbes ranks him the 374th world’s wealthiest individual. The billionaire founded BUA Group in 1988. It generates more than $2.5 billion in revenue annually. He funded the construction of a 7,000 square meter pediatric ward at the Aminu Kano Teaching Hospital.
4. Robert Smith
|Net worth||$6.7 B|
|Source of wealth||Private equity|
Robert Smith is an American businessman, investor, chemical engineer, and humanitarian. He grew up in Denver, Colorado in a neighborhood dominated by African Americans. In 2000 he founded Vista Equity Partners, a private equity company that focuses particularly on investing in software companies such as Jio Platforms, Pipedrive among others. The billionaire is the CEO of the company. He’s ranked the 377th richest individual in the world. Last year he was featured at number 141 on the list of the 400 wealthiest Americans by Forbes.
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5. David Steward
|Net worth||$5.8 B|
|Source of wealth||IT solutions|
He grew up in poverty and was discriminated against in high school because he was black. He’s the founder and owner of World Wide Technology, an IT provider. It’s the largest African-American-owned firm and the 20th biggest private company in the United States. It generates more than $13 billion in revenue every year. World Wide Technology offers services ranging from cloud computing, data analytics, computer security to application software development. The federal government and Verizon are some of its customers. David Steward is one of the world’s black billionaires.
6. Patrice Motsepe
|Net worth||$3.6 B|
|Source of wealth||Mining|
He’s the only black billionaire from South Africa and is the third wealthiest man in the country after Johann Rupert and Nicky Oppenheimer. Motsepe is the founder and chairman of African Rainbow Minerals, a South African-based mining company. The company is involved in the mining of gold, copper, iron, and coal. It has a stake in Harmony Gold, the world’s 12th biggest gold mining corporation. African Rainbow Minerals also has operations in Zambia and DRC. Patrice Motsepe was first included in the Forbes billionaires list in 2008 and had a net worth of about $2 billion.
7. Strive Masiyiwa
|Net worth||$3 B|
|Source of wealth||telecom|
Strive Masiyiwa is one of the world’s black billionaires. He’s the richest man in Zimbabwe and the 10th wealthiest person in Africa. The billionaire is the executive chairman of Econet Group which he founded in 1993. The group has subsidiaries such as Econet Wireless which operates telecoms in Zimbabwe, Burundi, South Africa, as well as other African countries. Steward Bank in Zimbabwe, EcoCash, a Zimbabwean money transfer/payment service, and Ownai are some of the other subsidiaries owned by the group. Strive Masiyiwa is the 1020th richest individual globally according to the current rankings by Forbes.
8. Oprah Winfrey
|Net worth||$2.6 B|
|Source of wealth||Tv shows|
Oprah Winfrey is the only black woman billionaire in the world. She became a billionaire in 2003 and was one of only two black billionaires in the world at the time — the other one being Bob Johnson. According to a reliable source, Oprah Winfrey was the only black billionaire on the planet in the years 2004, 2005, and 2006. Oprah is best known for hosting her own show “The Oprah Winfrey Show” which ran from 1986 to 2011.
The billionaire has built her fortune in the media and entertainment industry. She owns Harpo Productions, a media production company that has produced films such as Selma, The Color Purple, and Beloved. Oprah is currently the 12th richest self-made woman in the United States. She is the 1198th wealthiest person globally.
9. Kanye West
|Net worth||$1.8 B|
|Source of wealth||Music, sneakers|
The fourth American on the list is Kanye West. West became a billionaire in 2020 and is currently at #1632 on the list of the world’s wealthiest people. He has made his fortune from music and his brand of sneakers, Yeezy. The billionaire singer has a lucrative multi-year deal to design the sneaker brand Yeezy for Adidas. In 2020, he partnered with Gap to release a new line of clothing called Yeezy Gap. Kanye West dropped out of Chicago State University to pursue music.
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10. Michael Jordan
|Net worth||$1.7 B|
|Source of wealth||Endorsements, basketball|
With a net worth of $1.7 billion, Michael Jordan is one of the world’s black billionaires. He joined the billionaires club in 2015 and is the richest basketball player in the history of the NBA. Jordan is regarded as the greatest basketball player of all time. During his 15-year career, he earned only $18 million from his salary and $1.8 billion from sponsors such as Hanes, Gatorade, and Nike. The former basketball player won 6 titles with the Chicago Bulls. He owns his own basketball team, the Charlotte Hornets of the NBA.
|Net worth||$1.3 B|
|Source of wealth||Roc Nation, music|
American rapper Jay-Z is the 2145th richest person in the world and is the world’s 11th wealthiest black billionaire. He was the first billionaire in Hip Hop. Apart from music, the rapper also owns Roc Nation Sports through which he acts as an agent for professional athletes in baseball, football, and basketball. In 2020, Jay-Z was named the 27th most powerful sports agent by Forbes. He made $28.7 million from contracts worth $1.1 billion that year. He also owns the clothing retailer Rocawear and 40/40 sports bar chain. The billionaire is the 3rd highest-paid celebrity this year with total earnings of $340 million.
12. Tyler Perry
|Net worth||$1 B|
|Source of wealth||Television, movies|
Tyler Perry is an American producer, actor, director, and screenwriter. He became a billionaire in 2020 and is one of the world’s black billionaires. He has built his fortune from producing films and tv shows. As of March 2022, Tyler is ranked at number 2491 on the list of the world’s richest people by Forbes.