The World’s Black Billionaires

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AfricaStrictlyBusiness.com has identified 12 billionaires who are African or of African descent, using data obtained from the 2016 Forbes magazine list of the world’s billionaires. Aliko Dangote (Nigeria) again tops the list, outranking fellow billionaires by more than $5 billion in net worth.

Three of the 12 Black billionaires are women, including Isabel dos Santos of Angola, Folorunsho Alakija of Nigeria, and Oprah Winfrey of the United States, ranking fourth, fifth, and eighth, respectively, on the AfSB list.

The AfSB list also includes Saudi billionaire Mohammed Al Amoudi, who was born to an Ethiopian mother; and Sudanese-born billionaire Mo Ibrahim, who holds citizenship in the United Kingdom where he resides.

Noticeably missing again this year among the world’s Black billionaires are Nigerian investor/philanthropist Tony Elumelu, who last appeared on billionaire lists in 2014; and Zimbabwean telecom entrepreneur Strive Masiyiwa, who also last appeared among billionaires in 2014.

This year, Forbes lists a total of 25 billionaires from African countries, including those on the AfSB Black list. The country breakdown for these 25 are: Algeria, 1; Angola, 1; Egypt, 6; Ethiopia, 1; Morocco, 2; Nigeria, 5; South Africa, 6; Sudan, 1; Swaziland, 1; and Tanzania, 1.

 

 

AfSB

Rank

Forbes Rank Name, Age   Company; Country Net Worth Source of Wealth
1 51 Aliko Dangote, 58 Dangote Group.

 

Nigeria

$15.4 billion Self made: cement, sugar, flour
2 62 Mike Adenuga, 62 Globacom; Proline Investments.

 

Nigeria

 

$10 billion

Self made: telecoms, oil, real estate
3 138 Mohammed Al Amoudi, 69 Preem; Saudi Star Agricultural Development.

 

Saudi Arabia, Ethiopia

$8.3 billion Self made: oil, diversified (construction, agriculture, cement, gold mining)
4 569 Isabel dos Santos, 42 Angola $3 billion Investments in Portugal and Angola
5 569 Oprah Winfrey, 62 Oprah Winfrey Network; Harpo Studios.

 

U.S.A.

$3 billion Self made media mogul: film, television, radio, magazine
6 688 Robert Smith, 53 Vista Equity Partners.

 

U.S.A.

2.5 billion Self made: private equity
7 1,011 Femi Oteodola, 53 Forte Oil.

 

Nigeria

$1.85 billion Self made: gas stations, utilities
8 1,121 Folorunsho Alakija, 65 Famfa Oil.

 

Nigeria

$1.6 billion Self made: oil
9 1,577 Mohammed Ibrahim, 69 Satya Capital; Mo Ibrahim Foundation.

Sudan/U.K.

$1.1 billion Self made: communications
10 1,577 Michael Jordan, 53

 

 

Charlotte Hornets.

 

U.S.A.

$1.1 billion Self made: sports team, restaurants, car dealership, endorsements
11 1,577 Patrice Motsepe, 54 African Rainbow Minerals; Ubuntu Botho Investments; Mamelodi Sundowns Football Club.

 

South Africa

$1.1 billion Self made: mining
12 1,577 Abdulsamad Rabiu, 55 BUA Group

 

Nigeria

$1.1 billion Cement, sugar, real estate, logistics, port operations

 

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