Black Billionaires

This is a global list of Black African ancestry billionaires in U.S. dollars, compiled using data from Forbes.comBloomberg.com and CanadianBusiness.com. There are currently 16 known black billionaires (2020/09).

Nigerian business magnate Alhaji Aliko Dangote with a net worth of $13.4 billion is the world's richest black person, according to Forbes magazine..

The 16 billionaires on our list has aggregate wealth of $48.2 billion, and a median age of 60 years. Nigeria's Alhaji Aliko Dangote accounts for 27.8% of that aggregate wealth. Black billionaires aggregate wealth represent less than one percent of the aggregate wealth of all billionaires.

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. Forbesmistakenly 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.

In 2014, Michael Jordan became the first billionaire athlete. He is the forth-richest Black American, behind Robert F. SmithDavid L. Steward and Oprah Winfrey.

In June 2019, Shawn "Jay-Z" Carter was named the first hip hop artist to become a billionaire by Forbes.com.

Updated 2020-09-03.

Black Billionaires 2020

NameAgeNet WorthSourceIndustryCountry of Citizenship
Aliko Dangote63$13.4The Dangote Groupsugar, flour, cementNigeria
Robert Smith57$6.0Vista Equity PartnersPrivate equityUnited States
Mike Adenuga67$5.8Globacomtelcom, banking, oilNigeria
David L. Steward69$3.5World Wide TechnologyInformation TechnologyUnited States
Abdulsamad Rabiu60$3.0BUA GroupSugar, flour, cementNigeria
Oprah Winfrey66$2.6Harpo, Weight WatchersTelevisionUnited States
Michael Jordan57$2.1Charlotte Hornets, NIKE, endorsementsEntertainment, ApparelUnited States
Patrice Motsepe58$1.7African Rainbow Minerals (ARM)miningSouth Africa
Isabel dos Santos47$1.6InvestmentsBankingAngola
Michael Lee-Chin69$1.6Investments, Mutual FundsCommunications, BankingCanada
Strive Masiyiwa59$1.5Econet Group, Liquid TelecomCommunicationsZimbabwe
Kanye West43$1.3YeezyMusic, Footwear and ApparelUnited States
Mohammed Ibrahim74$1.1Celtel International, MSI CellularcommunicationsUnited Kingdom
Folorunsho Alakija69$1.0Famfa OilOilNigeria
Shawn Jay-Z Carter50$1.0Roc-A-Fella Records, Rocawear, Armand de Brignac, D’Ussé, Tidal, Roc NationMusic, InvestmentsUnited States
Tyler Perry50$1.0The Tyler Perry Company Inc.Film, TelevisionUnited States

Chart: Number of Black Billionaires Over Time

Chart: Black Billionaires Aggregate Wealth Over Time

Current Black Billionaires

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

Aliko Dangote

Born: April 10, 1957, Kano, Kano State, Nigeria; Occupation: Businessperson; Position: Chairman, President; Company: The Dangote Group; …

David Steward

Born: 1951, Chicago, Illinois, United States; Occupation: Businessperson; Position: Chairman & Founder; Company: World Wide Technology Holding…

Mike Adenuga

Born: March 29, 1953, Ijebu Igbo, Ogun State.; Occupation: Businessperson; Position: Chairman, CEO; Company: Globacom Limited; Industry:…

Folorunsho Alakija

Born: 1951, Ikorodu, Lagos State, Nigeria; Occupation: Businessperson; Position: Executive Vice Chairman; Company: Famfa Oil Limited; Industry:…

Isabel dos Santos

Born: April 1, 1973 in Baku, Azerbaijan SSR, USSR; Occupation: Businesswoman; Position: Investor; Company: Unitel International Holdings BV,…

Born: June 8, 1977, Atlanta, Georgia; Occupation: Rapper, Music Producer, Fashion Designer, Businessman; Position: Founder; Company: Yeezy; …

Michael Jordan

Born: February 17, 1963, Wilmington, North Carolina; Occupation: Businessperson; Company: Charlotte Bobcats; Position: Chairman; Industry: Sports…

Michael Lee-Chin

Born: Port Antonio, Jamaica, 1951; Occupation: Businessperson; Company: Portland Holdings Inc.; Position: Founder, Executive Chairman; …

Mohammed Ibrahim

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

Oprah Winfrey

Born: January 29, 1954; Occupation: Businessperson; Position: Chairman, CEO; Company: Harpo Inc., Harpo Productions, Inc., Harpo Studios, Inc.; …

Born: December 1, 1962; Occupation: Businessperson; Position: Founder, Chairman and CEO; Company: Vista Equity Partners; Industry: Private…

Born: December 4, 1969, Brooklyn, NY; Company: Roc Nation; Position: Founder; Industry: Media, Entertainment, Publishing, Fashion; Residence:…

Born: January 29, 1961, Zimbabwe; Occupation: Businessperson; Position: Founder, Chairman; Company: Econet Group; Industry: Communications; …

Tyler Perry

Born: September 13, 1969, Harvey, Louisiana; Position: President; Company: The Tyler Perry Company Inc. (Tyler Perry Studios); Nationality:…

Former Black Billionaires

Femi Otedola

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

Mohammed Al Amoudi

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

Robert L. Johnson

Date of Birth: April 8, 1946, in Hickory, Mississippi; Education: University of Illinois, BA, 1968; Princeton University, MPA, 1972; Company: The…