Forbes Magazine has released its 2019 list of richest black people in the world all of which are billionaires.
Nigerian cement tycoon, Aliko Dangote remains top of the stack with estimated worth of $10.9 billion.
The list features 13 blacks from over the world, with Nigeria having 4 out of the total, 3 women also featured in the top 13.
See list below;
- Aliko Dangote, $10.9 billion
Nigerian, Sugar, Cement, Flour; The Cement and commodities tycoon retains his title as the world’s richest black man this year. After building his fortune in sugar, flour and cement, the Nigerian tycoon is embarking on his most ambitious project to date- a private oil refinery in Nigeria which will have a refining capacity of 6500,000 barrels a day and is expected to reduce Nigeria’s dependence on oil imports.
2. Mike Adenuga, $9.1 billion
Nigerian, Oil, Telecoms
Nigerian-born Mike Adenuga, the world’s second richest black person, built his fortune in oil and mobile telecoms. His Conoil Producing Company was one of the first indigenous Nigerian companies to be granted an oil exploration license in the early 90s.
3. Robert Smith, $5 billion
American, Private Equity
Robert Smith, a former Goldman Sachs executive, is the founder of private equity firm Vista Equity Partners that focuses exclusively on investing in software companies.
David Steward is the cofounder and chairman of IT provider World Wide Technology, World Wide Technology, an $11.2 billion (sales) IT provider, whose customers include Citi, Verizon and the federal government.
5. Oprah Winfrey, $2.5 billion
Oprah is still the richest African-American person in the world thanks largely to the 25 years of her profitable daytime TV show and earnings from her Harpo production company.
6. Strive Masiyiwa, $2.4 billion
Masiyiwa, who is worth $2.4 billion, is the founder of Econet, one of the leading mobile telecoms companies in Africa. It has more than 10 million subscribers spread across Zimbabwe, Botswana, Burundi and Lesotho.
7. Isabel Dos Santos, $2.3 billion
The oldest daughter of Angola’s former president, Isabel dos Santos has built an impressive investment portfolio what includes a 25% stake in Angolan mobile phone company Unitel and a 25% stake in Angolan bank Banco BIC SA.
8. Patrice Motsepe, $2.3 billion
South African, Mining
South Africa’s first and only black billionaire is the founder of African Rainbow Minerals (ARM), a Johannesburg Stock Exchange-listed mining company that has in platinum, nickel, chrome, iron, manganese, coal, copper and gold.
9. Michael Jordan, $1.9 billion
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.
10. Michael Lee-Chin, $1.9 billion
Lee-Chin, a Canadian of Jamaican origin, made a fortune investing in financial companies. He owns a 65% stake in National Commercial Bank Jamaica, which makes up the bulk of his fortune.
11. Abdulsamad Rabiu, $1.6 billion
Nigerian, Cement, Sugar
Abdulsamad 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.
12. Folorunsho Alakija
Nigeria’s first female billionaire is the founder of Famfa Oil, a Nigerian company that owns a substantial participating interest in OML 127, a lucrative oil block on the Agbami deep-water oilfield in Nigeria.
13. Mohammed Ibrahim, $1.1 billion
British, Mobile Telecoms, Investments
Sudanese-born Mohammed “Mo” Ibrahim founded Celtel International in 1998, one of the first mobile phone companies serving Africa and the Middle East.