Money Moves July 17, 2022 at 09:00 am

The world has more than 2000 billionaires but only 15 are Black, here they are

Abu Mubarik July 17, 2022 at 09:00 am

July 17, 2022 at 09:00 am | Money Moves

Nigeria's Aliko Dangote has been Africa's richest man for much of the last decade. Photo Credit: Time.com

The world has 2,668 billionaires, according to Forbes’ calculation. They are collectively worth $12.7 trillion—$400 billion less than in 2021 due to the pandemic. America leads the world with the number of billionaires, totaling 735 billionaires worth a collective $4.7 trillion.

Of the 2,668 billionaires, there are only 15 Blacks, cutting across Africa, the U.S. and the Caribbean. Below is the list of Black billionaires in the world.

Founder and Chief Executive of the Dangote Group Aliko Dangote gestures during an interview with Reuters in his office in Lagos, Nigeria, June 13, 2012. To match Insight NIGERIA-FOREX/DANGOTE REUTERS/Akintunde Akinleye/File Photo – RTX2HPTG

Aliko Dangote

Profile: Aliko Dangote is Africa’s richest person and also the richest Black man in the world. 

Net worth: $14 billion

Source of Wealth: cement, sugar, Self Made

Citizenship: Nigeria

Education: Bachelor of Arts/Science, Al-Azhar University

  • Mike Adenuga

Profile: Adenuga, Nigeria’s second richest man, built his fortune in telecom and oil production.

Net worth: $7.3B

Source of wealth: telecom, oil, Self Made

Citizenship: Nigerian

Education: Master of Business Administration, Pace University.

Billionaire investor Robert F. Smith — Photo via Morehouse College on Twitter

Robert F. Smith

Profile: Robert F. Smith founded private equity firm Vista Equity Partners in 2000. It focuses exclusively on investing in software companies.

Net worth: $6.7B

Source of wealth: Private equity, Self Made

Citizenship:  United States

Education:  Master of Business Administration, Columbia University; Bachelor of Arts/Science, Cornell University.

Photo: Forbes

Abdulsamad Rabiu

Profile: Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate.

Net worth: $6.9B

Source of wealth: cement, sugar

Citizenship: Nigerian

David Steward is the second richest Black man in the U.S. Image via YouTube/Arch Grants

David Steward

Profile: David Steward is the founder and chairman of IT provider World Wide Technology.

Net worth: $5.8B

Source of wealth: IT provider, Self Made

Citizenship: United States

Education: Bachelor of Arts/Science, Central Missouri State University.

South African businessman Patrice Tlhopane Motsepe. Photo: AFP
  • Patrice Motsepe

Profile: Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 – the first black African on the Forbes list.

Net worth: $3.3B

Source of wealth: mining, Self Made

Citizenship: South Africa

Oprah Winfrey Hoax
Oprah Winfrey, Philanthropist and Global Media Leader at The 2019 Women In The World Summit in New York City. Image via YouTube/Women in the World
  • Oprah Winfrey

Profile: Oprah Winfrey has transitioned her hit talk show, which ran for 25 years, into a media and business empire.

Net worth: $2.6 billion

Source of wealth: TV shows, Self Made

Citizenship: United States

Education:  Bachelor of Arts/Science, Tennessee State University

ATLANTA, GEORGIA – JULY 22: Kanye West is seen at ‘DONDA by Kanye West’ listening event at Mercedes-Benz Stadium on July 22, 2021 in Atlanta, Georgia. (Photo by Kevin Mazur/Getty Images for Universal Music Group)

Kanye West

Profile: Entrepreneur and musician Kanye West got a lucrative multi-year deal to design sneaker brand Yeezy for Adidas.

Net worth: $2 billion

Source of wealth: music, sneakers, Self Made

Citizenship: United States

Education: Drop Out, Chicago State University

Rihanna. Photo: Fenty Beauty © Han Myung-Gu

Rihanna

Profile: Rihanna, Barbados’ most famous export, is a billionaire thanks to the success of cosmetics line Fenty Beauty.

Net worth: $1.7 billion

Source of wealth: music, cosmetics, Self Made

Citizenship:  Barbados

Michael Jordan. Getty/Kelly Kline

Michael Jordan

Profile: Regarded by most as the NBA’s greatest all-time player, Michael Jordan won six titles with the Chicago Bulls.

Net worth: $1.7 billion

Source of wealth: Charlotte Hornets, endorsements, Self Made

Citizenship: United States

Education: Bachelor of Arts/Science, University of North Carolina, Chapel Hill.

Michael Lee-Chin

Profile: Michael Lee-Chin made a fortune investing in financial companies like National Commercial Bank Jamaica and AIC Limited.

Net worth: $2 billion

Source of wealth: mutual funds, Self Made

Citizenship: Canada

Education: Bachelor of Arts/Science, McMaster University

Strive Masiyiwa, founder and chairman of Econet Wireless Global Ltd., speaks during the annual Milken Institute Global Conference in Beverly Hills , California, U.S., on Monday, May 2, 2016. The conference gathers attendees to explore solutions to today’s most pressing challenges in financial markets, industry sectors, health, government and education. Photographer: Patrick T. Fallon/Bloomberg via Getty Images

Strive Masiyiwa

Profile: Strive Masiyiwa overcame protracted government opposition to launch mobile phone network Econet Wireless Zimbabwe in his country of birth in 1998.

Net worth: $3 billion

Source of wealth: telecom, Self Made

Citizenship: Zimbabwe, Britain

Education: Bachelor of Engineering, University of Wales

Rapper Jay-Z — Photo Credit: Getty Images for BFI

Jay-Z

Profile: Even in a year without a tour or album release, Jay-Z mints millions from his Armand de Brignac champagne and D’Ussé cognac.

Net worth: $1.4 billion

Source of wealth: Multiple, Self Made

Citizenship: United States

Tyler Perry’s latest project on BET+ is going to be a strip club drama — Photo via @tylerperry on Instagram

Tyler Perry

Profile: A director, actor, producer and writer, Tyler Perry is best known for his “Madea” franchise, which has grossed more than $660 million.

Net worth: $1 billion

Source of wealth: movies, television, Self Made

Citizenship: United States

Alex Karp

Profile: He is well-known as co-founder and CEO of Palantir Technologies, an IT company specializing in big data.

Net worth: $1.1 billion

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