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In a world where success is often equated with wealth, the richest Black individuals have emerged as remarkable figures, pioneering diverse fields from business to entertainment. Their achievements not only break barriers but also inspire others to follow in their footsteps. Here’s a look at the top 10 richest Black people in the world:
- David Steward – $11.4 Billion (USA)
David Steward, born in 1951, is an American entrepreneur and the founder and chairman of World Wide Technology (WWT), one of the largest African-American-owned companies in the U.S. As of 2024, he ranks 344th on Forbes’ global billionaires list. - Aliko Dangote – $11.3 Billion (Nigeria)
Born on April 10, 1957, Aliko Dangote is a prominent Nigerian businessman known for building Nigeria’s first private oil refinery. As of October 2024, he ranks 211th on Forbes’ list, with a net worth estimated at $11.2 billion, while Bloomberg suggests it could be as high as $27.7 billion. - Robert F. Smith – $10.8 Billion (USA)
Robert Smith, born on December 1, 1962, is the founder, chairman, and CEO of Vista Equity Partners, a private equity firm. A Cornell University graduate, he gained fame for pledging to cover the student loan debt of Morehouse College’s 2019 graduating class. - Mike Adenuga – $6.6 Billion (Nigeria)
Nigeria’s second wealthiest person, Mike Adenuga, made his fortune in telecommunications and oil. His mobile network, Globacom, has over 60 million subscribers, and he also owns Conoil Producing, operating multiple oil blocks in the Niger Delta. - Abdulsamad Rabiu – $4.7 Billion (Nigeria)
A notable Nigerian businessman and philanthropist, Abdulsamad Rabiu is the founder and chairman of BUA Group, focusing on manufacturing, infrastructure, and agriculture. He has seen his wealth grow significantly over the years. - Michael Jordan – $3.5 Billion (USA)
Considered the greatest basketball player of all time, Michael Jordan has earned substantial wealth not just from his NBA career but also through lucrative partnerships with brands like Nike and investments in sports betting and NASCAR. - Oprah Winfrey – $3 Billion (USA)
Oprah transformed her 25-year talk show into a media empire, with significant earnings from her productions and investments, including a stake in WeightWatchers. Her philanthropic efforts include donations to the Smithsonian National Museum of African American History and Culture. - Patrice Motsepe – $3 Billion (South Africa)
Patrice Motsepe, founder of African Rainbow Minerals, was the first Black African to appear on the Forbes billionaire list. He has diverse investments and has held leadership roles in various organizations, including the Confederation of African Football. - Jay-Z – $2.5 Billion (USA)
Hip-hop’s first billionaire, Jay-Z has increased his wealth through successful ventures in liquor and significant stakes in companies like Block and Uber. He was inducted into the Rock & Roll Hall of Fame in 2021 and has won an Emmy for his production work. - Strive Masiyiwa – $1.8 Billion (Zimbabwe)
Strive Masiyiwa faced government resistance when launching Econet Wireless Zimbabwe. He holds significant stakes in telecom and fintech companies across Africa and has invested in education initiatives through the Higherlife Foundation.
These individuals not only exemplify personal success but also serve as role models, demonstrating the potential for impactful contributions to society and the economy.