The World’s Seven Black Billionaires
Most of the richest black people on Earth are from Africa.
While more than 1,200 billionaires can be found across the globe, just seven individuals in this elite group are black. Three of these individuals made a fortune in the oil industry. Three are Nigerian, and two are women. Want more details about the richest black people on the planet? Check out the list below.
Mohammed Al-Amoudi ($12.5 billion) - This Ethiopian-born oil magnate struck it rich by negotiating construction contracts for Saudi Arabia’s royal family, according to Forbes. He invested the money he made from these deals into Sweden, Morocco and Ethiopia. Among his assets are Svenska Petroleum Exploration and Preem.
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Aliko Dangote ($11.2 billion) - This Nigerian has made a fortune in the cement, sugar and flour industries. He owns Dangote Group, Nigeria’s largest industrial conglomerate, Forbes reports. Dangota is also a philanthropist who’s donated millions to social issues.
Mike Adenuga ($4.3 billion) - The second Nigerian to make this list, Adenuga’s wealth comes from telecom, banking and oil. In the 1990s, he became the first Nigerian “to strike oil in commercial quantities,” Forbes states. His Conoil Producing Company produces 100,000 barrels of oil daily.
Folorunsho Alakija ($3.3 billion) - She started her career in fashion but changed course in the 1990s after filing for an oil prospecting license from the Nigerian government for her company Famfa Limited. In 2000, Alakija found out that her land contained more than a billion barrels of oil. As a result, the Nigerian government took the land back, but Alakija took the government to court and won in 2012. This ruling landed her on the world’s list of billionaires, according to Ventures Africa magazine.
Patrice Motsepe ($2.7 billion) - The only South African on this list, Motsepe started his career in law. In 1994 he obtained some gold shaft mines which paved the way for him to become executive chairman of African Rainbow Minerals, a South African mining company. Motsepe owns 41 percent of the company as well as a South African soccer team.
Oprah Winfrey ($2.7 billion) - Everyone knows that this media mogul became rich and famous after making the most of her highly rated talk show. She launched the OWN network last year.
Mo Ibrahim ($1.1 billion) - This Sudanese transplant to the United Kingdom became wealthy after starting Celtel, a mobile phone company serving nations in Africa and the Middle East. In 2005, he sold the company for $3.4 billion.