Aliko Dangote, $14.4 billion

Out of the 1,810 billionaires in the world, 12 of them are Black.

Nigerian cement tycoon Aliko Dangote is still the richest Black person in the world by far with a fortune estimated at $14.4 billion, down from $15.7 billion last year. Coincidentally, the second richest Black person in the world this year is also a Nigerian- Mike Adenuga, a businessman who has built a $10 billion fortune on mobile telecom, oil and real estate investments. He displaces Saudi-Ethiopian Mohammed Al-Amoudi.

Like last year, 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 list.

Aliko Dangote, $14.4 billion

Nigerian, Sugar, Cement, Flour

Aliko Dangote of Nigeria is Africa’s richest man for the 8th year. He is the founder and chairman of Dangote Cement, the continent’s largest cement producer. Dangote Cement now owns plants in Cameroon, Ethiopia, Zambia and Tanzania and produces more than 30 million metric tons annually. His conglomerate, the Dangote Group, also has business interests in sugar, flour and salt production.

How powerful and important is Aliko? Put it this way, when Bill Gates travels to Africa, he stays with Aliko Dagnote. The two are very close friends are are working on several projects to address poverty and disease in Africa. When Aliko talks, Bill listens.
Aliko Dangote

Mike Adenuga, $9.9 billion

Nigerian, Oil, Telecoms

Nigerian billionaire Mike Adenuga is now the second richest black person in the world, thanks to new information from analysts on the value of his mobile telecom company, Globacom, and his oil production company, Conoil Producing.Top ten Black Billionaires 2016

Mohammed Al-Amoudi, $8.4 billion

Saudi Arabian, Oil

Saudi tycoon Mohammed Al-Amoudi made his first fortune in construction in Saudi Arabia and reinvested in construction, agriculture, and energy companies across Sweden, Saudi Arabia and Ethiopia. He owns Preem, an oil refining company as well oil fields off West Africa and gold mines in Ethiopia.

Ethiopian Billionaire Al-Amoudi To Invest $500 Million In Ethiopia Coffee, Oranges
Mohammed Al Amoudi

Isabel Dos Santos

The world’s richest black woman is also the oldest daughter of Angola’s president, Jose Eduardo dos Santos. She owns lucrative stakes in blue-chip Angolan companies such as Unitel, the country’s largest mobile phone network, and a stake in Banco BIC. She is also a controlling shareholder of Portuguese cable TV and telecom firm Nos SGPS (formerly called Zon).Top ten Black Billionaires 2016

Oprah Winfrey, $3.1 billion

American, Television

Oprah, once the queen of daytime TV, is still the richest African-American person in the world. 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 with director Tyler Perry. She also owns a 10% stake in Weight Watchers.Top ten Black Billionaires 2016

Robert Smith, $2.5 billion

American, Private Equity

Smith is the founder of Vista Equity Partners, a private equity shop that has an impressive portfolio of leading enterprise software companies such as Websense, Applied Systems and Mediaocean.

Robert Smith announced a $50 million gift in January to his alma mater Cornell University, which renamed its school of chemical and bioengineering after him. In June he was named chairman of Carnegie Hall.The son of Ph.D’s, he was bussed across town to his school in the early days of desegregation. He later convinced Bell Labs when he was in high school to give him an internship typically only available to college upperclassman by calling them weekly for five months.Top ten Black Billionaires 2016

Femi Otedola, $1.85 billion

Nigerian, Gas stations, Utilities

Femi Otedola is Nigeria’s 3rd richest man. He owes his fortune to his controlling shareholding of Forte Oil PLC, one of Africa’s largest energy companies. The $2.1 billion (Market capitalization) company owns gas stations and fuel storage depots and manufactures its own line of engine oils. Forte also has interests in power generation.Top ten Black Billionaires 2016

Patrice Motsepe, $1.15 billion

South African, Mining

South Africa’s first black billionaire, Patrice Motsepe has lost $1 billion since last year due to a sharp decline in the stock price of his mining company African Rainbow Minerals–which mines and processes iron, manganese, chrome, platinum, copper, nickel, coal and gold. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club.Top ten Black Billionaires 2016

Michael Jordan, $1.14 billion

American, Basketball

Basketball’s greatest player is the majority shareholder of Charlotte Bobcats and enjoys lucrative deals with the likes of Gatorade, Hanes and Upper Deck. His biggest pile comes from Brand Jordan, a $1 billion (sales) sportswear partnership with Nike.Top ten Black Billionaires 2016

Abdulsamad Rabiu, $1.1 billion

Nigerian, Cement, Sugar

Rabiu is the founder of BUA Group, a Nigerian conglomerate with interests in sugar refining, cement production, real estate, steel, port concessions, manufacturing, oil gas and shipping. BUA Group’s annual revenues are estimated at over $2 billion. Abdulsamad got his start in business working for his father, Isyaku Rabiu, a successful businessman from Nigeria’s Northern region. He struck out on his own in 1988, importing rice, sugar, edible oils as well as steel and iron rods.Top ten Black Billionaires 2016

Mohammed Ibrahim, $1.07 billion

 

 

 

 

 

 

 

 

British, Mobile Telecoms, Investments

Sudanese-born Mo Ibrahim is the founder of Celtel, an African mobile phone company, which he sold to MTC of Kuwait for $3.4 billion in 2005. He is the founder of the Mo Ibrahim Foundation which promotes good governance in Africa and awards the annual Mo Ibrahim Prize for Achievement in African Leadership – a lifetime award of $5 million given over 10 years to retired African heads of state who have left their countries materially better off and more transparent.Top ten Black Billionaires 2016


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