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Black billionaires are individuals who are of predominantly African ancestry with a net worth of at least US$1 billion. According to the 2021 Forbes ranking of the world's billionaires, Nigerian business magnate Aliko Dangote had a net worth of $11.5 billion and was the world's richest black man.
YearBlack BillionairesBi/multiracial Billionaires With Black ...All Billionaires202416: Aliko Dangote, $13.9 billion [55] ...5: Mohammad Al-Amoudi, $9.43 billion [58] ...2,781; Richest: Bernard Arnault & family, ...202315: Aliko Dangote, $14.2 billion [50] ...5: Mohammad Al-Amoudi, $9.05 billion [53] ...2,540; Richest: Bernard Arnault & family, ...2021-202217: Aliko Dangote, $11.5 billion [43] ...6: Mohammad Al-Amoudi, $5.45 billion [48] ...2,755; Richest: Elon Musk, $271.9 billion ...202014: Aliko Dangote, $8.3 billion [40] Mike ...4: Mohammad Al-Amoudi, $7.6 billion [42] ...2,095; Richest: Jeff Bezos, $113 billion- The World’S Black Billionaires in 2021
- Black Billionaires, Ranked
- Unequal Representation
- Breaking Through Barriers
Black billionaires make up fewer than 1%of all billionaires worldwide. Who are the select few who made it into the ranks of the world’s richest people? In this graphic, we used the Forbesreal-time billionaire list to highlight the most financially successful Black people, and the source(s) of their wealth.
The data is as of February 24, 2021, and includes bi/multi racial individuals with Black ancestry. Altogether, there are 15 Black billionaires with a combined wealth of $48.9 billion. Here is the how the full list breaks down: Aliko Dangoteis the richest Black billionaire, and has held the title since 2013. He owns 85% of publicly-traded Dangote Ce...
Unfortunately, little progress has been made with regards to the proportion of Black billionaires. Since 2011, Black billionaires have made up fewer than 1% of all billionaires worldwide. In absolute numbers, the total number of billionaires rose by over 1,100 while the number of Black billionaires rose by just nine people. The number of Black bill...
There is still a large racial wealth gapbetween Black people and White people—even at the highest levels of financial achievement. However, despite these racial and systemic barriers, 14 of the 15 Black billionaires are self-made, meaning they built their wealth from the ground up. Who will be next to join the ranks?
- Aliko Dangote. Net worth: $11.5 billion. Aliko Dangote is the wealthiest Black billionaire and has held the title since 2013. He owns 85% of publicly-traded Dangote Cement, Africa’s largest cement producer.
- Mike Adenuga. Net worth: $6.1 billion. Mike Adenuga, Nigeria’s second richest man, built his fortune in telecom and oil production. His mobile phone network, Globacom, is the third-largest operator in Nigeria, with 43 million subscribers, and his oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta.
- Abdulsamad Rabiu. Net worth: $4.8 billion. ADVERTISEMENT. Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate.
- Patrice Motsepe. Net worth: $3.1 billion. Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 – the first black African on the Forbes list.
- Aliko Dangote: $14.2 billion. Africa’s richest man, Aliko Dangote saw his fortune grow from around $11.5 billion on last year’s list. Dangote founded and owns nearly 88 percent of publicly-traded Dangote Cement.
- Mike Adenuga: $8.3 billion. Adenuga, Nigeria’s second-richest man, made his first million at 26 selling lace and distributing soft drinks, according to Forbes.
- Abdulsamad Rabiu: $6.9 billion. Rabiu is the founder of BUA Group, a Nigerian conglomerate with interests in sugar refining, cement production, real estate, steel, port concessions, manufacturing, oil, gas and shipping.
- Robert F. Smith: $8 billion. Smith made his fortune through the private equity firm, Vista Equity Partners, which he founded in 2000. A graduate of Cornell, he pledged $50 million (personally and through a foundation) to the university in 2016.
Apr 6, 2021 · Latest Forbes richest list shows Black billionaires remain a rare club. Charisse Jones. USA TODAY. 0:00. 1:07. Forbes latest list of the world's richest people includes seven titans of...
- Charisse Jones
- Economic Opportunity Reporter
Mar 5, 2019 · ASSOCIATED PRESS. Of the 2,153 people who made it to the 2019 FORBES list of the World’s Billionaires, 13 of them are black, up from 11 a year ago. Cement tycoon Aliko Dangote is still...
Dec 24, 2023 · Looking for that List of Black Billionaires? Here's The Richest Black People in the World. Long before Christian Keyes made his allegation about a mystery bad Billionaire,The Root had...
