World’s Richest Black People – Top 10 Black Billionaires in 2017

Aliko Dangote Richest Black Man in the World

Mohammed Ibrahim


The color of your skin does not determine how much money you have in the bank. These 10 black billionaires, through hard work, built themselves multi-billion empires.

Read on to find out about the 10 richest black people in the world. Maybe learning a thing or two about them will help us as we lay the foundation for our own empires.

Mohammed Ibrahim

Net Worth: $1.14 billion

Nationality: British

Source of Wealth: Mobile Telecoms / Investments

Born in Sudan, of Nubian descent, Dr. Mohammed Ibrahim, now a British citizen built his fortune as an entrepreneur in the communication technology industry. He made use of his electrical engineering degrees working for a number of communications technology companies before he created Celtel.

In 2005, he sold Celtel in exchange for $3.5 billion. With his new found freedom, Ibrahim created Mo Ibrahim Foundation and the Mo Ibrahim Index to evaluate nations’ performance and to help reduce corruption in the governments of African countries. Dr. Ibrahim has contributed significantly to the transformation of Africa and is said to be the most powerful black man in Britain.

Michael Jordan

Michael Jordan Richest Black People

Net Worth: $1.31 billion

Nationality: American

Source of Wealth: Basketball / Sponsorships

According to the NBA website, Michael Jeffery Jordan, his Airness, is the greatest basketball player of all time. Michael Jordan, also known as MJ, is a former American basketball player who led the Chicago Bulls to six NBA championships and won the won the Most Valuable Player Award five times.

. In 2016 he was presented with the Presidential Medal of Freedom honor by Barack Obama.  He is the majority owner of the Charlotte Bobcats. He is the first athlete to be counted among the billionaires of the world.

Folorunsho Alakija

Folorunsho Alakija Billionaire African Richest Black People

Net Worth: $1.61 billion

Nationality: Nigerian

Source of Wealth: Oil

“I once dared to dream and if I succeed, then so can you!” – Folorunso Alakija
Nigerian businesswoman, Folorunso Alakija is one of the world’s richest black people. She created The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited companies.

Later, she sought to diversify her portfolio with the acquiring an oil prospecting license which subsequently led to the development of her company Famfa Oil Limited of which she is the executive vice-chairman. According to Forbes magazine, she is the richest black woman in Nigeria and the second most powerful woman in Africa.

Patrice Motsepe

Patrice Motsepe Black billionaire Richest black people

Net Worth: $1.81 billion

Nationality: South African

Source of Wealth: Mining

“One has to set high standards. I can never be happy with mediocre performance.” – Patrice Motseppe
Patrice Motseppe, Africa’s first black billionaire clearly sets high standards in his daily living. Patrice Motsepe, a South African mining magnate, is the founder and chairman of African Rainbow Minerals. He acquired his wealth in 1994 by buying low – producing gold shafts and turning them profitable.

In April 2016, Motsepe launched an equity firm which focuses on investment in Africa and is the president and owner of the Mamelodi Sundowns Football Club. He was the first African to sign the Giving Pledge, in which he promises to give half of his wealth to charity.

Robert Smith

Robert Smith Billionaire Richest Black People

Net Worth: $2.5 billion

Nationality: American

Source of Wealth: Investments

Robert Fredrick Smith is an American businessman, investor, and philanthropist. Smith’s success came through perseverance as seen when he applied for an internship at Bell Labs but was told the program was intended for college students. Smith persisted, calling every day.

For this reason, when a student from M.I.T failed to show up, he got the job. Today, the former chemical engineer is the founder, chairman, and CEO of private equity firm Vista Equity Partners. Smith is the 247th richest person in America and the second richest black man in the US.

Oprah Winfrey

Oprah Winfrey Black Billionaire Woman

Net Worth: $3 billion

Nationality: American

Source of Wealth: Media / Entertainment

“Think like a queen. A queen is not afraid to fail. Failure is not a stepping stone to greatness.” – Oprah Winfrey
Oprah Winfrey is an American media owner, talk show host, actress, producer, and philanthropist. Winfrey is most popular for a being a host of her own wildly popular program, The Oprah Winfrey Show, which aired for 25 seasons, from 1986 to 2011.

She also established her own channel, The Oprah Winfrey Network in 2011. Winfrey has been crowned the queen of media and has been ranked the richest African-American and the greatest black philanthropist in American History. Winfrey was called “arguable the world’s most powerful woman” by CNN.

Isabel Dos Santos

ISABEL DOS SANTOS is the worlds richest woman

Net Worth: $3.1 billion

Nationality: Angolan

Source of Wealth: Investments

Isabel Dos Santos is an Angolan investor considered by Forbes to be the richest woman in Africa and is counted among the world’s richest black people in the world. She is the oldest daughter of Angola’s Jose Eduardo dos Santos.

Dos Santos assets in Angola include 25% of Unitel, the country’s largest mobile phone network and 42% of the bank, Banco BIC. In Portugal, she owns nearly 6% of oil and gas firm Galp Energia and nearly 19% of Banco BPI, the country’s fourth largest bank.

Mike Adenuga

Mike Adenuga

Net Worth: $6.1 billion

Nationality: Nigerian

Source of Wealth: Oil

Mike Adenuga, counted among the world’s richest black people and the second richest man in Africa, is a man that knows the value of hard work. Adenuga earned an MBA from Pace University in New York while he worked as a taxi driver to support himself. After completing his studies, he returned to Nigeria where he made his first fortune selling lace and Coco-Cola.

From there he went on to build his fortune in telecom and oil production. He is the owner of the mobile phone network Globacom which is the second largest operator in Nigeria with over 36 million subscribers. Adenuga also owns the exploration outfit, Conoil Producing which operates 6 oil blocks in the Niger Delta and real estate firm, Proline Investments.

Mohammed Al-Amoudi

Mohammed Al-Amoudi

Net Worth: $8.4billion

Nationality: Saudi Arabian

Source of Wealth: Oil

Mohammed Hussein Al Amoudi is a  billionaire that was born in Ethiopia but later on became a Saudi Arabian citizen. As such he is able to claim the titles of the richest in Ethiopia, the second richest Saudi Arabian citizen and the second richest of all black people in the world.

Al Moudi made his fortune in construction and real estate before branching out to buy oil refineries in Sweden and Morocco. Al Moudi portfolio is made up of businesses in construction, energy, agriculture, healthcare, and manufacturing among others.

Aliko Dangote

Aliko Dangote Richest Black Man in the World

Net Worth: $12.2 billion

Nationality: Nigerian

Source of Wealth: Sugar / Cement / Flour

Aliko Dangote business career started as early as primary school when he would purchase cartons of sweets to sell to make money. It should come as no surprise that today Aliko Dangote is a Nigerian billionaire and at top of the list of richest black people in the world since he started so early. Dangote is the owner of the Dangote Group has operations in several African countries.

The Dangote Group began as a small trading firm before the group took over controlling interests in food processing, cement manufacturing, and freight companies. The Dangote Group, the largest industrial group in Nigeria,  comprises of Dangote Sugar Refinery, Dangote Cement, and Dangote Flour. Dangote was awarded African Person of the Year in 2014 by Forbes Magazine.

“Only by acknowledging the success and sacrifice made by those who came before us can we fully understand what we must do to ensure the liberty of those who will succeed us” –Yvette Clarke


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