Black Billionaires

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 $14.1 billion is the world's richest black person and 105th richest person in the world, according to Forbes magazine's 2017 ranking of the worlds richest people.

The thirteen billionaires on our list has aggregate wealth of $48.9 billion, and a median age of 59 years. Nigeria's Alhaji Aliko Dangote accounts for 28% of that aggregate wealth. Black billionaires aggregate wealth represent less than one percent of the aggregate wealth of all billionaires.

The entire 2017 Forbes billionaires list which consisting of 2,043 billionaires, up 13% from 1,810 billionaires in 2016, had aggregate wealth of $7.67 trillion, up 18% from $6.8 trillion last year.

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. His net worth was estimated at CAD $3.26 billion (USD $2.5 billion as of 2017-06-21). We will continue to list Mr. Lee-Chin on our list until he is no longer listed on any of our reference list.

Updated 2017-06-21.

Black Billionaires 2017

Name Age Net Worth Source Industry Country of Citizenship
Aliko Dangote 60 $14.1 The Dangote Group sugar, flour, cement Nigeria
Mohammed Al Amoudi 70 $9.2 MIDROC, Corral Petroleum Holdings, Preem, Peab oil, diversified Saudi Arabia
Mike Adenuga 64 $5.9 Globacom telcom, banking, oil Nigeria
Isabel dos Santos 44 $3.2 Investments Banking Angola
Oprah Winfrey 63 $3.0 Harpo Television United States
Robert Smith 53 $2.5 Vista Equity Partners Private equity United States
Michael Lee-Chin 65 $2.5 Investments, Mutual Funds Communications, Banking Canada
Femi Otedola 54 $1.8 Forte Oil gas stations, utilities Nigeria
Folorunsho Alakija 66 $1.7 Famfa Oil Oil Nigeria
Patrice Motsepe 54 $1.5 African Rainbow Minerals (ARM) mining South Africa
Michael Jordan 53 $1.3 Charlotte Hornets, NIKE, endorsements Entertainment, Apparel United States
Abdulsamad Rabiu 55 $1.1 BUA Group Sugar, flour, cement Nigeria
Mohammed Ibrahim 71 $1.1 Celtel International, MSI Cellular communications United Kingdom

Current Black Billionaires

  • Abdulsamad Rabiu

    Born: c.1960, Kano, Nigeria; Position: Chairman, CEO; Company: BUA Group; Industry: Manufacturing, Real Estate Development, Oil & Gas and Shipping; Country: Nigeria

  • Aliko Dangote

    Born: April 10, 1957, Kano, Kano State, Nigeria; Net Worth (March 2016): $16.7 billion; Position: Chairman, President; Company: The Dangote Group; Industry: Manufacturing; Country: Nigeria

  • Dr. Mike Adenuga

    Born: March 29, 1953, Ijebu Igbo, Ogun State.; Position: Chairman, CEO; Company: Globacom Limited; Industry: Telecommunications Services; Country: Nigeria

  • Femi Otedola

    Born: 1967, Epe, Lagos State, Nigeria; Position: Chairman; Company: Forte Oil Plc.; Industry: Energy; Country: Nigeria

  • Folorunsho Alakija

    Folorunsho Alakija

    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

  • Isabel dos Santos

    Isabel dos Santos

    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,...

  • Michael Jordan

    Born: February 17, 1963, Wilmington, North Carolina; Company: Charlotte Bobcats; Position: Chairman; Industry: Sports & Recreation; Country: United States

  • Michael Lee-Chin

    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

  • Mohammed Al Amoudi

    Born: 1946, Dessie, Ethiopia; Position: Chairman; Company: Corral Petroleum Holdings, MIDROC Ethiopia; Industry: Petroleum; Country: Saudi Arabia, Ethiopia

  • Mohammed Ibrahim

    Mo Ibrahim

    Born: c. 1946, Sudan; Position: Founder and Chairman; Company: Satya Capital Ltd.; Industry: Investment Funds; Country: United Kingdom

  • Oprah Winfrey

    Oprah Winfrey

    Born: January 29, 1954; Net worth (10/2016): $2.9 billion USD; Position: Chairman, CEO; Company: Harpo Inc., Harpo Productions, Inc., Harpo Studios, Inc.; Industry: Media; Country: United States

  • Patrice Motsepe

    Patrice Motsepe

    Born: January, 28, 1962, Johannesburg; Position: Chairman; Company: African Rainbow Minerals Limited; Industry: Mining; Country: South Africa

  • Robert Smith

    Robert Smith

    Born: December 1, 1962; Position: Founder, Chairman and CEO; Company: Vista Equity Partners; Industry: Private equity, Software; Country: United States

Past Black Billionaires

  • Robert L. Johnson

    Robert L. Johnson

    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,...