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.
|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|
Born: c.1960, Kano, Nigeria,
Position: Chairman, CEO,
Company: BUA Group,
Born: April 10, 1957, Kano, Kano State, Nigeria,
Position: Chairman, President,
Born: March 29, 1953, Ijebu Igbo, Ogun State.,
Position: Chairman, CEO,
Born: 1967, Epe, Lagos State, Nigeria,
Company: Forte Oil Plc.,
Born: 1951, Ikorodu, Lagos State, Nigeria
Position: Executive Vice...
Born: April 1, 1973 in Baku, Azerbaijan SSR, USSR,
Born: February 17, 1963, Wilmington, North Carolina
Company: Charlotte Bobcats
Born: Port Antonio, Jamaica, 1951
Company: Portland Holdings Inc.
Position: Founder, Executive...
Born: 1946, Dessie, Ethiopia
Company: Corral Petroleum Holdings, MIDROC...
Born: c. 1946, Sudan,
Position: Founder and Chairman,
Company: Satya Capital Ltd.,
Born: January 29, 1954,
Position: Chairman, CEO, and CCO, OWN; Chairman, Harpo,
Born: January, 28, 1962, Johannesburg
Company: African Rainbow Minerals...
Born: December 1, 1962,
Position: Founder, Chairman and CEO,
Company: Vista Equity...
Date of Birth: April 8, 1946, in Hickory, Mississippi.
Education: University of Illinois, BA,...
All information on this site is compiled by BlackEntrepreneurProfile.com from reliable industry sources. While all efforts are made to ensure the accuracy of the information, BlackEntrepreneurProfile.com and its related entities assume no liability for incorrect, incomplete, or missing information from this site.