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Who was the first black African to become a billionaire?
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Sep 4, 2020 · Only 13 of the 2,153 people on Forbes' 2019 Billionaires List were black, the magazine reported. In 2018, that number was 11. Forbes didn't publish a racial breakdown of its 2020...
- Aliko Dangote: $14.2 Billion
- Mike Adenuga: $8.3 Billion
- Abdulsamad Rabiu: $6.9 Billion
- Robert F. Smith: $8 Billion
- David Steward: $6 Billion
- Patrice Motsepe: $2.7 Billion
- Oprah Winfrey: $2.5 Billion
- Jay-Z: $1.4 Billion
- Michael Jordan: $2 Billion
- Strive Masiyiwa: $1.9 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. He also owns stakes in publicly-traded salt, sugar and flour manufacturing companies.
Adenuga, Nigeria’s second-richest man, made his first million at 26 selling lace and distributing soft drinks, according to Forbes. But he built his fortune in telecom and oil production.
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.
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. And in 2019, Smith announced that his family was providing a grant to eliminate the student debt of the entire Morehouse College Class...
Steward is co-founder and chairman of World Wide Technology, an $11.2 billion IT provider whose customers include Citi, Verizon and the federal government.
Motsepe was the first Black African to appear on the Forbes list. He became a billionaire in 2008 as founder and chairman of African Rainbow Minerals.
In addition to the media, entertainment and business empire she’s built, Winfrey owns shares in Weight Watchers and has a partnership with Apple. She has donated nearly half a billion dollars to charities throughout her career, including more than $100 million to the Oprah Winfrey Leadership Academy for Girls in South Africa.
In June 2019, Jay-Z became Hip-Hop’s first proven and viable billionaire, thanks to what Forbes called a “sprawling and diverse empire.”
NBA great Jordan, one of the nine Americans on the list, still has sponsorship deals with Hanes, Gatorade and Upper Deck 19 years after retiring from basketball.
Masiyiwa “overcame protracted government opposition to launch mobile phone network Econet Wireless Zimbabwe in his country of birth in 1998,” according to Forbes. He and his wife, Tsitsi, have provided scholarships to more than 250,000 young Africans over the past 20 years through their Higherlife Foundation.
Apr 3, 2024 · Jay-Z, the only rapper on the list, became Hip-Hop’s first billionaire with the advances made with two alcohol companies, D’Usse Cognac and Armand de Brignac Champagne. The highest...
Jan 13, 2020 · Motsepe was the first black African to appear on the Forbes list. He became a billionaire in 2008 as founder and chairman of African Rainbow Minerals. 6. Strive Masiyiwa: $2.4 billion
Reginald F. Lewis was the first African American to build a billion dollar company. He was one of the wealthiest African Americans in the 1980's, and also one of the first to be included on the Forbes list of the richest Americans. Lewis was born on December 7, 1942, in Baltimore, Maryland.
Apr 14, 2020 · At No. 1513, Motsepe has a net worth of $1.4 billion. The South African founder became a billionaire in 2008. He was the first Black African to appear on the Forbes list. He is the founder and chairman of African Rainbow Minerals, a mining company. Strive Masiyiwa Photo Credit: RODGER BOSCH/AFP via Getty Images
