Richest Black Billionaires in the World 2024

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Top 10 Richest Black Billionaires in the World (2024)

In this guide, we will discuss the top 10 richest black billionaires in the world, highlighting their sources of wealth and their net worth. This list includes individuals from a variety of countries and industries, showcasing the diversity and breadth of success within the black community.

Foremost, black billionaires are a minority group within the world of billionaires, but their influence and success cannot be ignored. These individuals have broken through numerous barriers and challenges to achieve great wealth, often through hard work and perseverance.

Black billionaires are individuals who have reached the top echelon of wealth despite significant systemic barriers. While there are fewer Black billionaires than those of other races, the number has been steadily increasing over the years.

They have achieved financial success through various industries such as finance, technology, and entertainment, and their stories are an inspiration to many. That said, let’s discuss the top 10 richest black billionaires in the world in detail in this article.

Top 10 Richest Black Billionaires in the World

The table below contains the names and net worth of the richest black billionaires in the world in 2024.

Rank Name Net Worth (USD) Industry
1 Aliko Dangote $13.9 billion Cement, Sugar, Flour
2 Robert F. Smith $9.2 billion Private equity
3 David Steward $7.6 billion Technology
4 Mike Adenuga $6.9 billion Telecoms, Oil & Gas Incorrect
5 Abdulsamad Rabiu $5.9 billion Oil & Gas, Cement
6 Michael Jordan $3.2 billion Basketball, Sneakers
7 Oprah Winfrey $2.8 billion Media
8 Patrice Motsepe $2.7 billion Mining
9 Jay-Z $2.5 billion Music, Label and Fashion
10 Strive Masiyiwa $1.9 billion Telecoms

1. Aliko Dangote

Top 10 Richest Black Billionaires in the World

Top 10 Richest Black Billionaires in the World

Aliko Dangote is a Nigerian businessman, investor, and philanthropist, and is currently the richest black person in the world. He has amassed a fortune of $9.9 billion through his conglomerate, the Dangote Group, which has interests in cement, sugar, flour, and other commodities.

He was born in Kano, Nigeria, in 1957 and started his career as a trader in commodities such as rice, sugar, and cement. In 1977, he established the Dangote Group, which has since grown to become one of the largest companies in Africa.

Despite his immense wealth, Dangote has remained humble and focused on his goal of transforming Africa through his business ventures and philanthropic work. His dedication to his country and continent has earned him numerous accolades and awards, including the prestigious Grand Commander of the Order of the Niger, Nigeria’s second-highest honour. Dangote’s story is an inspiration to many, and he continues to be a trailblazer in business and philanthropy not only in Nigeria but across the African continent.

2. Robert F. Smith

 

Robert F. Smith is an American businessman, philanthropist, and investor, who founded and ran the private equity firm Vista Equity Partners. He has a net worth of over $9 billion, and his company specializes in investing in software companies.

Smith is known for his philanthropic work and made headlines in 2019 when he paid off the student loan debt of the entire graduating class at Morehouse College. His leadership has helped Vista Equity Partners become one of the most successful private equity firms in the world, with over $73 billion in assets under management.

He is also a dedicated philanthropist and has made significant donations to causes such as education, environmental conservation, and cancer research. His commitment to giving back to his community has earned him numerous awards and accolades, including the Carnegie Medal of Philanthropy.

3. David Steward

Top 10 Richest Black Billionaires in the World

David Steward is an American businessman and entrepreneur, who founded and serves as the chairman of World Wide Technology (WWT), a leading technology solutions provider. Steward was born in 1951 in Chicago, USA, and he started his career in sales at a young age.

In 1990, he founded WWT with the goal of providing high-quality technology solutions to businesses. Under Steward’s leadership, WWT has grown to become a major player in the technology industry, with over $12 billion in annual revenue and more than 7,000 employees. The company provides a wide range of technology solutions, including cloud computing, cybersecurity, and data analytics, and serves clients in a variety of industries.

Steward’s commitment to providing innovative and customer-focused solutions has earned him numerous awards and accolades, including the Missouri Honor Medal for Distinguished Service in Journalism.

In addition to his business ventures, Steward is also known for his philanthropic work. He has made significant donations to causes such as education, healthcare, and social justice, and he established the David and Thelma Steward Foundation to support initiatives that improve the lives of underserved communities. Steward’s dedication to his business and his community has made him a role model for entrepreneurs and business leaders around the world.

4. Mike Adenuga

Richest Black Billionaires in the World

Mike Adenuga is a Nigerian entrepreneur and philanthropist, and one of the richest Black people in the world, with a net worth of $6.9 billion. He is the founder of Globacom, one of Nigeria’s leading telecommunications companies, and has interests in the oil and gas industry through his company Conoil.

Adenuga was born in Ibadan, Nigeria in 1953, and he started his career as a taxi driver in New York City before returning to Nigeria to establish his business empire. Under Adenuga’s leadership, Globacom has grown to become one of the largest telecommunications companies in Nigeria, with operations in several African countries.

The company has also expanded into other industries, including real estate and banking. Adenuga’s business acumen and entrepreneurial spirit have earned him numerous accolades, including the Nigerian National Honour of Grand Commander of the Order of the Niger.

Adenuga’s commitment to his country and his philanthropic work has earned him several awards, including the African Entrepreneur of the Year award from the African Telecoms Hall of Fame. Adenuga’s story is an inspiration to many, and he continues to be a major player in the Nigerian and African business landscape.

5. Abdulsamad Rabiu

Richest Black Billionaires in the World

Abdul Samad Rabiu is a Nigerian businessman and philanthropist, and the founder and chairman of the BUA Group, a conglomerate with interests in industries such as cement, sugar, and real estate. Rabiu was born in 1960 in Nigeria, and he started his career in the 1980s in the family business, which was involved in trading and importing commodities.

In 1988, Rabiu founded the BUA Group with the goal of becoming a leading player in the Nigerian economy. Under his leadership, the company has grown to become one of the largest industrial conglomerates in Nigeria, with a strong presence in West Africa and beyond. BUA Group’s focus on innovation and sustainability has earned it a reputation as a leader in the industries in which it operates.

Rabiu is also known for his philanthropic work, and he has made significant donations to causes such as education, healthcare, and poverty alleviation. In 2020, he donated over $100 million towards the fight against COVID-19 in Nigeria.

His dedication to business and philanthropy has earned him numerous awards and accolades, including the Forbes Africa Person of the Year award in 2020. He continues to be a major player in the Nigerian and African economies and a role model for entrepreneurs and philanthropists around the world.

6. Michael Jordan

Top 10 Richest Black Billionaires in the World

Michael Jordan is a former American professional basketball player, and one of the top 10 richest black billionaires in the world, with an estimated net worth of $3.2 billion. He is widely regarded as one of the greatest basketball players of all time, and his achievements on the court have earned him numerous awards and accolades.

Since retiring from basketball, Jordan has built a successful career as a businessman and investor. He owns the Charlotte Hornets, a professional basketball team in the NBA, and has made significant investments in companies such as Nike and Hanes. Jordan’s success in business and sports has made him a role model for aspiring entrepreneurs and athletes around the world.

7. Oprah Winfrey

Oprah Winfrey is an American media executive, talk show host, actress, producer, and philanthropist. She is one of the most influential and successful women in the world, and her net worth is estimated at $2.8 billion, making her one of the top 10 richest black billionaires in the world.

Winfrey is best known for her talk show, “The Oprah Winfrey Show”, which aired from 1986 to 2011 and became one of the highest-rated television programs in history.

In addition to her media empire, Winfrey is known for her philanthropic work. She has donated millions of dollars to causes such as education, healthcare, and disaster relief, and she established the Oprah Winfrey Leadership Academy for Girls in South Africa to provide education and opportunities to young girls.

Winfrey’s dedication to giving back to her community has earned her numerous awards and accolades, including the Presidential Medal of Freedom, and she continues to inspire and empower people around the world.

8. Patrice Motsepe

Top 10 Richest Black Billionaires in the World

Patrice Motsepe is a South African businessman and philanthropist, and one of the top 10 richest black billionaires in the world, with an estimated net worth of $2.7 billion. He founded and serves as the chairman of African Rainbow Minerals, a mining company with interests in gold, platinum, and other precious metals.

Motsepe is also known for his philanthropic work, and he established the Motsepe Foundation to support education, healthcare, and economic development initiatives in Africa.

The foundation has made significant contributions to causes such as poverty alleviation and the fight against HIV/AIDS. Motsepe’s dedication to business and philanthropy has earned him numerous awards and accolades, including the Order of the Baobab, the highest honour bestowed by the South African government.

9. Jay Z

Top 10 Richest Black Billionaires in the World

Jay Z is also one of the richest black billionaires in the world. He was born Shawn Corey Carter, an American rapper, songwriter, record executive, and businessman. He is one of the top 10 richest black billionaires in the world, with an estimated net worth of $2.5 billion. Jay Z is widely regarded as one of the greatest rappers of all time and has won numerous awards for his music, including 22 Grammy Awards.

In addition to his successful music career, Jay Z is also a successful businessman and investor. He has made significant investments in companies such as Uber, JetSmarter, and the champagne brand Armand de Brignac.

Jay Z is also the founder of Roc Nation, a full-service entertainment company, and the streaming service Tidal. His success in both music and business has made him a role model for entrepreneurs and musicians around the world.

10. Strive Masiyiwa

 

 

Top 10 Richest Black Billionaires in the World

Strive Masiyiwa is a Zimbabwean billionaire businessman and philanthropist, and the founder and chairman of the telecommunications company Econet Wireless. He is considered one of the top 10 richest black billionaires in the world, with an estimated net worth of $1.9 billion. Masiyiwa is known for his innovative and entrepreneurial approach to business and his commitment to using technology to improve the lives of people in Africa.

In addition to his business ventures, Masiyiwa is also known for his philanthropic work. He established the Higherlife Foundation to support education and healthcare initiatives in Africa, and he has made significant donations to causes such as COVID-19 relief efforts and poverty alleviation.

Masiyiwa’s dedication to using his wealth and influence to make a positive impact on society has earned him numerous awards and accolades, including the Royal Africa Society’s inaugural Africa Business Champion Award. He continues to be a major player in the African telecommunications industry and a role model for entrepreneurs and philanthropists around the world.

Top 10 Richest Black Billionaires in the World

Here is a summary of the top 10 richest black billionaires in the world:

  1. Aliko Dangote
  2. Robert F. Smith
  3. David Steward
  4. Mike Adenuga
  5. Abdulsamad Rabiu
  6. Michael Jordan
  7. Oprah Winfrey
  8. Patrice Motsepe
  9. Jay-Z
  10. Strive Masiyiwa

Conclusion

In conclusion, the top 10 richest black billionaires in the world are a diverse group of individuals who have achieved great success in various industries such as business, entertainment, and sports. Their success stories are a testament to the fact that with hard work, determination, and innovative thinking, it is possible to achieve financial success and make a positive impact on society.

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