Three Nigerians made it to the list of the 10 only Black billionaires in the world.
Nigerian billionaire, Mike Adenuga
Of the 2,043 people who made it to the 2017 FORBES list of the
World’s Billionaires, 10 of them are black, down from 12 a year ago.
Nigerian cement tycoon Aliko Dangote is still the richest black
person in the world, with a fortune estimated at $12.2 billion. He is
followed by Saudi-Ethiopian construction magnate Mohammed Al-Amoudi, who
is worth $8.4 billion.
This year, two black moguls fall off the ranks of the richest black
people on earth, and they are both Nigerian – oil tycoon Femi Otedola
and cement mogul Abdulsamad Rabiu. While Otedola fell off the list as a
result of the plunging share price of his oil company, Forte Oil, a
devaluation of the Nigerian currency, the Naira, was responsible for
Rabiu’s ousting. 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.
1. Aliko Dangote, $12.2 billion
Nigerian, Sugar, Cement, Flour
Aliko Dangote is not only Africa’s richest man; he’s also the
richest black person in the world. Dangote built his fortune trading in
cement, sugar and flour but subsequently ventured into manufacturing
these commodities. His Dangote Cement is the largest cement producer in
Africa with operations in several African countries. In January he
announced plans to establish a $100 million truck manufacturing facility
in Lagos in partnership with SINOTRUK, a Chinese firm.
2. Mohammed Al-Amoudi, $8.4billion
Saudi Arabian, Oil
Mohammed Al-Amoudi is one of the richest men in the Arab world, but
he has deep Ethiopian roots. His mother was Ethiopian and he has been
investing heavily in the African country for many years. In Ethiopia,
his Midroc Ethiopia Technology Investment Group has investments in gold
mining, leather production, agro processing, transport and construction.
Outside Ethiopia, he owns oil refineries in Morocco and Sweden and oil
fields off West Africa.
3. Mike Adenuga, $6.1 billion
Nigerian, Oil
In October last year, Nigerian billionaire Mike Adenuga was
conferred with the Ghanaian national award of ‘Companion Of The Star of
Ghana’, the highest national honors in Ghana on account of his extensive
investments in the West African country. Adenuga is one of the largest
owners of residential and commercial property in Ghana. His mobile
telecom company, Globacom, also has operations in Ghana. Adenuga built
his fortune in oil and mobile telecoms. His Conoil Producing was the
first indigenous Nigerian oil exploration company to strike oil in
commercial quantities in Nigeria. His mobile telecoms company, Globacom,
is the second largest operator in Nigeria.
4. Isabel Dos Santos, $3.1 billion
Angolan, Investments
The oldest daughter of Angola’s outgoing president and Africa’s
richest woman owns a significant stake in Unitel, the country's largest
mobile phone network, and a stake in Banco BIC. Outside Angola, she owns
nearly 6% of oil and gas firm Galp Energia (alongside Portuguese
billionaire Americo Amorim), and nearly 19% of Banco BPI, the country's
fourth-largest bank. She is also a controlling shareholder of Portuguese
cable TV and telecom firm Nos SGPS (formerly called Zon).
5. Oprah Winfrey, $3 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.
6. Robert Smith, $2.5 billion
Smith is the founder of private equity shop, Vista Equity Partners,
an Austin, Texas firm that is best known for fixing up enterprise
software outfits. He is married to 2010 Playboy Playmate of the Year
Hope Dworaczyk.
7. Patrice Motsepe, $1.81 billion
South African, Mining
After making a fortune in mining through his African Rainbow
Minerals, South Africa's first black billionaire, Patrice Motsepe, is
now reinvesting via private equity. In the last year, his new investment
company, African Rainbow Capital, has made a series of investments in
leading South African financial services companies. He is also the
president and owner of the Mamelodi Sundowns Football Club.
8. Folorunsho Alakija, $1.61 billion
Nigerian, Oil
Nigeria’s only 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.
Alakija started off as a secretary in a Nigerian merchant bank in the
1970s, then quit her job to study fashion design in England. Upon her
return, she founded a Nigerian fashion label that catered to upscale
clientele, including Maryam Babangida, wife to Nigeria’s former military
president Ibrahim Babangida.
9. Michael Jordan, $1.31 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.
10. Mohammed Ibrahim, $1.14 billion
British, Mobile Telecoms, Investments
Mo Ibrahim made his initial fortune as the founder of Celtel, an
African mobile phone company, which he sold to MTC of Kuwait for $3.4
billion in 2005. He now reinvests through Satya Capital, a U.K-based,
African focused private equity firm.
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