Check Out The 2017 List Of Black Billionaires

1
Aliko Dangote, $12.2 billion

Aliko Dangote is not only Africa’s richest man; he’s also the richest black person in the world. Dangote built his fortune trading in cement, sugar and flour but subsequently ventured into manufacturing these commodities.

2
Mohammed Al-Amoudi, $8.4 billion

Mohammed Al-Amoudi is one of the richest men in the Arab world, but he has deep Ethiopian roots. His mother was Ethiopian and he has been investing heavily in the African country for many years. In Ethiopia, his Midroc Ethiopia Technology Investment Group has investments in gold mining, leather production, agro processing, transport and construction.

3
Mike Adenuga, $6.1 billion

Adenuga is one of the largest owners of residential and commercial property in Ghana. His mobile telecom company, Globacom, also has operations in Ghana. Adenuga built his fortune in oil and mobile telecoms.

4
Isabel Dos Santos, $3.1 billion

The oldest daughter of Angola’s outgoing president and Africa’s richest woman owns a significant 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.

5
Oprah Winfrey, $3 billion

Oprah, once the queen of daytime TV, is still the richest African-American person in the world. Her once struggling cable channel, OWN (Oprah Winfrey Network) is now cash flow positive and is enjoying soaring ratings on the back of a series of successful sitcom and drama collaborations with director Tyler Perry.

6
Robert Smith, $2.5 billion

Smith is the founder of private equity shop, Vista Equity Partners, an Austin, Texas firm that is best known for fixing up enterprise software outfits.

7
Patrice Motsepe, $1.81 billion

After making a fortune in mining through his African Rainbow Minerals, South Africa’s first black billionaire, Patrice Motsepe, is now reinvesting via private equity. In the last year, his new investment company, African Rainbow Capital, has made a series of investments in leading South African financial services companies.

8
Folorunsho Alakija, $1.61 billion

Nigeria’s only female billionaire is the founder of Famfa Oil, a Nigerian company that owns a substantial participating interest in OML 127, a lucrative oil block on the Agbami deep-water oilfield in Nigeria. Alakija started off as a secretary in a Nigerian merchant bank in the 1970s, then quit her job to study fashion design in England.

9
Michael Jordan, $1.31 billion

Basketball’s greatest player is the majority shareholder of Charlotte Bobcats and enjoys lucrative deals with the likes of Gatorade, Hanes and Upper Deck. His biggest pile comes from Brand Jordan, a $1 billion (sales) sportswear partnership with Nike.

10
Mohammed Ibrahim, $1.14 billion

Mo Ibrahim made his initial fortune as the founder of Celtel, an African mobile phone company, which he sold to MTC of Kuwait for $3.4 billion in 2005.

Tags:

  • Show Comments

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

You May Also Like

Cam Newton at the Intersection of Race and Sex

Quarterback Cam Newton has been in hot water lately. His response to reporter Jourdan ...

The Aftermath of Jemele Hill’s Spilled Tea

In 2017, with networks walking on eggshells and a social media president, the line ...

Street Fashion Legend Dapper Dan and Gucci Collaborate on Designs

Imitation is the sincerest form of flattery. And for Harlem designer Daniel “Dapper Dan” ...

Ayesha Curry, The Newest CoverGirl

Ayesha Curry is already a Food Network star and bestselling cookbook author. Now, the ...

Mom Creates Party Supplies that Cater to Black Kids

It’s important for our girls and boys to see positive reflections of themselves, even ...

Where are All the Black Shows on Network TV?

There are a lot of amazing Black sitcoms and dramas on TV. Hits like ...