Black Billionaire Profiles

This is a global list of Black African ancestry billionaires in U.S. dollars, compiled using data from Forbes.com, Bloomberg.com and CanadianBusiness.com. According to these publications there are currently 11 known black billionaires.

Nigerian business magnate Alhaji Aliko Dangote with a net worth of $25 billion is the world's richest black person and 23rd richest person in the world, according to Forbes magazine's 2014 ranking of the worlds richest people.

On the 2014 edition of The World's Billionaires listForbes list nine black billionaires, six in Africa, one in the UK, one in the Middle East and two in North America. Michael Jordan has since joint the billionaire ranks, since the list was released in March 2014.

The eleven billionaires on our list has aggregate wealth of $61.9 billion, and a median age of 60 years. Nigeria's Alhaji Aliko Dangote accounts for 41% of that aggregate wealth. Black billionaires aggregate wealth represent less than one percent of the aggregate wealth of all billionaires.

The entire 2014 Forbes billionaires list which consist of 1,645 billionaires, has aggregate wealth of $6.4 trillion. There were 268 new billions added to the list in 2014. 

Robert L. Johnson and Michael Lee-Chin were the first black people to be listed on Forbes magazines annual ranking of the World's Billionaires in 2001. Forbes mistakenly listed Mr. Johnson as the only black billionaire not recognizing Mr. Lee-Chin as being black.

Oprah Winfrey became the worlds first black female billionaire in 2003 and remained the only female black billionaire until 2013, when she was joined by Isabel dos Santos, Africa's first female billionaire and Folorunsho Alakija, Nigeria's first female billionaire.

Mr. Michael Lee-Chin did not make the Forbes Billionaire List since 2011, but he continues to make the Canadian Business 100 Richest Canadians List, which is published in November annually. His net worth was estimated at CAD $2.02 billion (USD $1.85 billion as of Nov., 2013). We will continue to list Mr. Lee-Chin on our list until he is no longer listed on any of our reference list.

Updated June 18, 2014.

Number of black billionaires over time.

Previous Black Billionaires List

2013 / 2012 / 2011 / 2010 / 2009

Black Billionaires 2014

Name Age Networth (Billions) Rank Company Industry Country
Aliko Dangote 56 $25 23 The Dangote Group sugar, flour, cement Nigeria
Mohammed Al Amoudi 67 $15.3 61 MIDROC, Corral Petroleum Holdings, Preem, Peab oil, diversified Saudi Arabia
Mike Adenuga 60 $4.6 325 Globacom telcom, banking, oil Nigeria
Isabel dos Santos 40 $3.7 408 Investments Banking Angola
Oprah Winfrey 60 $2.9 580 Harpo Television United States
Patrice Motsepe 52 $2.7 642 African Rainbow Minerals (ARM) mining South Africa
Folorunsho Alakija 63 $2.5 687 Famfa Oil Oil Nigeria
Michael Lee-Chin 62 $1.9 972 Investments, Mutual Funds Communications, Banking Canada
Abdulsamad Rabiu 54 $1.2 1372 BUA Group Sugar, flour, cement Nigeria
Mohammed Ibrahim 67 $1.1 1465 Celtel International, MSI Cellular communications United Kingdom
Michael Jordan 51 $1.0 1591 Charlotte Hornets, NIKE, endorsements Entertainment, Apparel United States

Current Black Billionaires

Abdulsamad Rabiu

Born: c.1960, Kano, Nigeria,

Position: Chairman, CEO,

Company: BUA Group,

Industry:...


Aliko Dangote

Born: April 10, 1957, Kano, Kano State, Nigeria,

Position: Chairman, President,

Company: The...


Dr. Mike Adenuga

Born: March 29, 1953, Ijebu Igbo, Ogun State.,

Position: Chairman, CEO,

Company: Globacom...


Folorunsho Alakija

Folorunsho Alakija

Born: 1951, Ikorodu, Lagos State, Nigeria

Occupation: Entrepreneur

Position: Executive Vice...


Isabel dos Santos

Isabel dos Santos

Born: April 1, 1973 in Baku, Azerbaijan SSR, USSR,

Occupation: Businesswoman,

Position:...


Michael Jordan

Born: February 17, 1963, Wilmington, North Carolina

Company: Charlotte Bobcats

Position:...


Michael Lee-Chin

Born: Port Antonio, Jamaica, 1951

Company: Portland Holdings Inc.

Position: Founder, Executive...


Mohammed Al Amoudi

Born: 1946, Dessie, Ethiopia

Position: Chairman

Company: Corral Petroleum Holdings, MIDROC...


Mohammed Ibrahim

Mo Ibrahim

Born: c. 1946, Sudan,

Position: Founder and Chairman,

Company: Satya Capital Ltd.,

Industry:...


Oprah Winfrey

Born: January 29, 1954,

Position: Chairman, CEO, and CCO, OWN; Chairman, Harpo,

Company: Harpo...


Patrice Motsepe

Patrice Motsepe

Born: January, 28, 1962, Johannesburg

Position: Chairman

Company: African Rainbow Minerals...


Past Black Billionaires

Femi Otedola

Company: African Petroleum

Position: Chairman

Industry: Energy

Country: Nigeria


Robert L. Johnson

Date of Birth: April 8, 1946, in Hickory, Mississippi.

Education: University of Illinois, BA,...