With the use of data from Forbes, we have formed a list of the world’s richest black billionaires. From statistics only 10 blacks of the 2,043 people made it to the 2019 FORBES list of the World’s Billionaires which means that the number of black billionaires has reduced as compared to the sum of the previous year.
Who Is The Richest Black Man In The World 2019?
According to Forbes ranking of the world’s billionaires, Nigerian business magnate Aliko Dangote with a net worth of $10.5 billion is the world’s richest black man 2019. Due to the reduction of stock prices and weaker currencies, the amount of African billionaires has shrunk to just 20, as it was 23 a year ago. Four billionaires from last year fell off Forbes’ annual list of the continent’s richest since last year while one did a comeback to the ranks after a four-year absence. For the eighth year in a row, Aliko Dangote is Africa’s richest man 2019. His estimated net worth of $10.3 billion is almost $2 billion less than a year ago, due to a about 20% drop in the stock price of his most valuable asset, Dangote Cement. Nigerian tycoon Abdulsamad Rabiu couldn’t meet up with the list and Femi Otedola, a tycoon concerned with oil production couldn’t maintain his position, amongst the richest black men in the world 2019 due to the fall in the value of the Nigerian currency together with an unfavorable reduction in the share price of Forte Oil.
Forbes’ list of the richest black man in the world 2019 contains the three regular women who have constantly appeared as the only female billionaires of black descents; Angolan investor – Isabel dos Santos, American media mogul -Oprah Winfrey and Nigerian oil woman Folorunsho Alakija, are still the only black female billionaires on the FORBES billionaires.
Below is a list of the top 10 black billionaires worldwide 2019.
Top 10 Richest Black Men In The World 2019.
Below is a list the top ten richest black men in the world 2019.
1. Aliko Dangote.
The wealthiest man in Africa is Nigerian Aliko Dangote, born April 10, 1957 that means he is 60 years old. He has been CEO and president of Dangote Group for 35 years. He is
still Africa’s richest man and the richest black person in the world, Dangote is most famous across Africa for his multiple businesses spanning across various regions in Africa. It is said that Dangote will partner with a Chinese company, SINOTRUK, in the establishment of the facility –a $100 million plant intended for the construction of trucks. The majority of his fortune comes from a more than 90% stake in Dangote Cement, Africa’s largest producer of cement, which is traded on the Nigerian Stock Exchange. At the moment, his net worth is valued at $10.5 billion. He is the richest black man in the world.
2. Mike Adenuga
The ‘Guru’ as he is referred to in Nigerian business and social circles built his fortune on oil, telecoms, real estate and banking. Born ,April 29, 1953 – his mobile telecom company, Globacom, is the second largest operator after MTN in Nigeria with more than 30 million subscribers today. He is the second richest Nigerian and has retained this significant position for years and this makes him one of the most influential business tycoons in Nigeria. Adenuga is also the largest individual owner of property in Nigeria and Ghana, and he owns a significant stake in construction giant, Julius Berger. His major sources of wealth are Oil and Communication. He has a Net Worth of $9.5 Billion.
3. Robert Smith
The former Goldman Sachs executive started an Austin, Texas-based private equity and venture capital firm Vista Equity Partners in 2000. His professional service, as a private equity firm, distinguishes him not only as one of the richest black Americans but also one of the richest black people in the world. Vista Equity Partners now has over $30 billion in assets under management, and is one of the world’s most successful hedge funds. In 2016 he pledged $50 million to Cornell University, his alma mater. He deserves to be on the list of Black billionaires worldwide as he has a Net Worth of $4.4 Billion and is from the United States Of America.
4. Oprah Winfrey
Oprah Winfrey, who formerly served as the queen of Daytime TV, is the reputable owner of Oprah Winfrey Network (OWN) –a cable channel. Her once struggling cable channel, OWN (Oprah Winfrey Network) is now cash flow positive and is enjoying soaring ratings on the back of a series of successful sitcom and drama collaborations. Going by the nickname “Queen of All Media’’, Oprah Winfrey is declared the greatest Black-American philanthropist and the current richest African-American. She owns a 10% stake in Weight Watchers and acts as a brand ambassador. Her Net Worth is $2.6 Billion and she is from United States Of America.
5. Isabel Dos Santos
Her father was President and she was Chairperson of Sonangol, the state-owned oil company. Born April 20, 1973, she is an influential investor and the richest Angolan, Isabel Dos Santos accounts for massive stakes in the pair of Banco BIC and Unitel (Unitel is the biggest mobile phone network in Angola). Outside Angola, she owns nearly 6% of oil and gas firm Galp Energia (alongside Portuguese billionaire Americo Amorim), and nearly 19% of Banco BPI, the country’s fourth-largest bank. With her heavy investments within and beyond Angola, Isabel Dos Santos has remained the world’s richest black woman for years and at the moment has a Net Worth of $2.3 Billion.
6. Patrice Motsepe
Patrice Motsepe born January 28, 1962, is the founder and CEO of African Rainbow Minerals, a listed mining company that owns ferrous and base metals, platinum and coal operations in South Africa. In an attempt to buttress his investment dealings, Patrice Motsepe established African Rainbow Capital –his newly-developed investment company through which he has invested in South Africa’s top financial organizations, it is an investment firm that acquires stakes in financial services companies. He is the owner and president of Mamelodi Sundowns Football Club –one of the renowned clubs in South Africa’s professional football league. He is one of the philanthropists South Africa boasts of. He has to his name a Net Worth of $2.3 Billion.
7. Michael Jordan
Basketball’s greatest player is the majority shareholder of Charlotte Bobcats and enjoys lucrative deals with the likes of Gatorade, Hanes and Upper Deck. Michael Jordan has the Net Worth of $1.7 billion and this makes him the ninth richest black man in the world.Although he has the highest shareholding portion in Charlotte Bobcats, the largest portion of his money stems from Brand Jordan. His biggest source of wealth comes from Brand Jordan, a $1 billion (sales) sportswear partnership with Nike.
8. Mohammed Al-Amoudi
Mohammed Al-Amoudi is said to have earned most of his wealth through his oil business and currently, his Net Worth is around $1.2 billion. Mohammed Al-Amoudi is recognized as one of the wealthiest Arab men worldwide as he possesses oil refineries in the duo of Sweden and Morocco. He has a Net Worth of $1.14 billion and this gives him a position on our list of Richest Black Man in the World.
9. Mohammed Ibrahim
Mo Ibrahim, 71, made his initial fortune as the founder of Celtel, an African mobile phone company, which he sold to MTC of Kuwait for $3.4 billion in 2005. He pocketed $1.4 billion. He came up with another investment through Satya Capital –a private equity company headquartered in Britain. Despite that Satya Capital is located in the UK, the equity company is largely focused on Africa. He has a Net Worth of $1.14 billion.
10. Folorunsho Alakija
Alakija started off as a secretary in a Nigerian merchant bank in the 1970s, then quit her job to study fashion design in England. On returning, she founded a Nigerian fashion label that catered to upscale clientele, including Maryam Babangida, wife to Nigeria’s former military president Ibrahim Babangida. Regarded as the third richest black woman in the world, Folorunsho maintains her ground as the second richest African woman just behind Isabel Dos Santos of Portugal.
Folorunsho Alakija makes the best part of her surging wealth as the founder and owner of Famfa Oil –one of Nigeria’s leading oil companies, she also owns a stake in Agbami oil field, a prolific offshore asset. She is Nigerian a Net Worth of $1.1 Billion.
These are all the world’s richest black billionaires 2019