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. There are currently 13 known black billionaires. Seven in Africa, one in the UK, one in the Middle East and four in North America.
Nigerian business magnate Alhaji Aliko Dangote with a net worth of $16.7 billion is the world's richest black person and 51st richest person in the world, according to Forbes magazine's 2016 ranking of the worlds richest people.
The thirteen billionaires on our list has aggregate wealth of $55.1 billion, and a median age of 59 years. Nigeria's Alhaji Aliko Dangote accounts for 30% of that aggregate wealth. Black billionaires aggregate wealth represent less than one percent of the aggregate wealth of all billionaires.
The entire 2016 Forbes billionaires list which consisting of 1,810 billionaires, had aggregate wealth of $6.8 trillion.
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 was published on Dec 24, 2015. His net worth was estimated at CAD $2.95 billion (USD $2.13 billion as of Dec., 2015). We will continue to list Mr. Lee-Chin on our list until he is no longer listed on any of our reference list.
Updated May 12, 2016.
Chart: Number of black Billionaires & Aggregate Net Worth Over Time.
Previous Black Billionaires List
Black Billionaires 2016
|Name||Age||Net Worth||Source||Industry||Country of Citizenship|
|Aliko Dangote||59||$16.7||The Dangote Group||sugar, flour, cement||Nigeria|
|Mike Adenuga||63||$10.7||Globacom||telcom, banking, oil||Nigeria|
|Mohammed Al Amoudi||69||$8.9||MIDROC, Corral Petroleum Holdings, Preem, Peab||oil, diversified||Saudi Arabia|
|Isabel dos Santos||43||$3.4||Investments||Banking||Angola|
|Oprah Winfrey||62||$3.1||Harpo||Television||United States|
|Robert Smith||53||$2.5||Vista Equity Partners||Private equity||United States|
|Michael Lee-Chin||64||$2.3||Investments, Mutual Funds||Communications, Banking||Canada|
|Folorunsho Alakija||65||$1.66||Famfa Oil||Oil||Nigeria|
|Patrice Motsepe||54||$1.42||African Rainbow Minerals (ARM)||mining||South Africa|
|Abdulsamad Rabiu||55||$1.18||BUA Group||Sugar, flour, cement||Nigeria|
|Femi Otedola||53||$1.17||Forte Oil||gas stations, utilities||Nigeria|
|Michael Jordan||53||$1.14||Charlotte Hornets, NIKE, endorsements||Entertainment, Apparel||United States|
|Mohammed Ibrahim||70||$1.07||Celtel International, MSI Cellular||communications||United Kingdom|
Current Black Billionaires
Born: c.1960, Kano, Nigeria, Position: Chairman, CEO, Company: BUA Group, Industry: Manufacturing, Real Estate Development, Oil & Gas and Shipping Country: Nigeria
Born: April 10, 1957, Kano, Kano State, Nigeria, Position: Chairman, President, Company: The Dangote Group, Industry: Manufacturing, Country: Nigeria
Born: March 29, 1953, Ijebu Igbo, Ogun State., Position: Chairman, CEO, Company: Globacom Limited, Industry: Telecommunications Services, Country: Nigeria
Born: 1967, Epe, Lagos State, Nigeria, Position: Chairman, Company: Forte Oil Plc., Industry: Energy, Country: Nigeria
Born: 1951, Ikorodu, Lagos State, Nigeria Occupation: Entrepreneur Position: Executive Vice Chairman Company: Famfa Oil Limited Industry: Oil & Gas Exploration & Production, Apparel Manufacturing Nationality: Nigerian
Born: April 1, 1973 in Baku, Azerbaijan SSR, USSR, Occupation: Businesswoman, Position: Investor, Company: Unitel International Holdings BV, Santoro Holding Industry: Media, Telecommunications, Financial Services,...
Born: February 17, 1963, Wilmington, North Carolina Company: Charlotte Bobcats Position: Chairman Industry: Sports & Recreation Country: United States
Born: Port Antonio, Jamaica, 1951, Net Worth (2016): $2.1 billion, Company: Portland Holdings Inc., Position: Founder, Executive Chairman, Industry: Financial Services, Country: Canada, Jamaica
Born: 1946, Dessie, Ethiopia Position: Chairman Company: Corral Petroleum Holdings, MIDROC Ethiopia Industry: Petroleum Country: Saudi Arabia, Ethiopia
Born: c. 1946, Sudan, Position: Founder and Chairman, Company: Satya Capital Ltd., Industry: Investment Funds, Country: UK
Born: January 29, 1954, Position: Chairman, CEO, and CCO, OWN; Chairman, Harpo, Company: Harpo Inc., Industry: Media, Country: United States
Born: January, 28, 1962, Johannesburg Position: Chairman Company: African Rainbow Minerals Limited Industry: Mining Country: South Africa
Born: December 1, 1962, Position: Founder, Chairman and CEO, Company: Vista Equity Partners, Industry: Private equity, Software, Country: United States
Past Black Billionaires
Date of Birth: April 8, 1946, in Hickory, Mississippi. Education: University of Illinois, BA, 1968; Princeton University, MPA, 1972. Company: The RLJ Company Position: Founder, CEO Industry: Real Estate, Hospitality,...