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 $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.

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

Previous Black Billionaires List

2015 | 20142013 |  2012 |  2011 |  2010 |  2009

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: UK

  • Oprah Winfrey

    Oprah Winfrey

    Born: January 29, 1954; Net worth: 3.1 billion USD (2016); 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,...