Out of the 2,043 people who made it to the 2017 FORBES list of the World’s Billionaires, 10 of them are black.
Check out the top 10 black billionaires of 2017!
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.
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.
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.
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.
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.
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.
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.
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.
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.