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 14 known black billionaires (2017/11). Seven in Africa, one in the UK, one in the Middle East and five 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 $51.5 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 has not made 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.
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|
|David L. Steward||66||$3.7||World Wide Technology||Information Technology||United States|
|Isabel dos Santos||44||$3.2||Investments||Banking||Angola|
|Michael Lee-Chin||66||$3.1||Investments, Mutual Funds||Communications, Banking||Canada|
|Oprah Winfrey||63||$3.0||Harpo||Television||United States|
|Robert Smith||53||$2.5||Vista Equity Partners||Private equity||United States|
|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
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; Net Worth (March 2016): $16.7 billion; Position: Chairman, President; Company: The Dangote Group; Industry: Manufacturing; Country: Nigeria
Born: 1951, Chicago, Illinois, United States; Net worth (Bloomberg 2017-11-08): $3.72 billion; Position: Chairman & Founder; Company: World Wide Technology Holding Co., Inc.; Industry: Technology; Country: United States
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 (2017): $3.14 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: United Kingdom
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
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,...