7 most generous black billionaires giving their fortunes away

Mildred Europa Taylor June 07, 2019
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Pic credit: Time Magazine

Aliko Dangote

The Cement and commodities tycoon, who retained his title as the world’s richest black man this year, has been stepping up his philanthropy through his $1.25 billion Dangote Foundation. Over the years, the foundation has given tens of millions of dollars to support initiatives in education, health, arts and human relief, Forbes reports. In March 2018, it was reported that the Nigerian business tycoon had donated a $3.5 million building to the Bayero University, Kano in northern Nigeria. The building, which is named after the Nigerian billionaire, will be the premises of the newly established Dangote Business School. Dangote, that same year, donated 150 cars to Nigeria’s police administration and 200 housing units to Boko Haram victims, as well as, $800,000 to the University of Ibadan. Last November, he donated a $2.7 million hostel to the Ahmadu Bello University in Zaria.

Last Edited by:Mildred Europa Taylor Updated: June 8, 2019


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