By: Parker Diakite
The richest Black people in the world, make up fewer than 1% of all billionaires worldwide. According to Visual Capitalist, there are 5 Black billionaires with a combined wealth of $48.9 billion.
Of the 15 richest, only one is a Black woman. Here is a list of the ten wealthiest Black people in the world and what they did to make it to the top.
Michael Lee-Chin is a Jamaican-Canadian businessman, philanthropist, chairman, and CEO of Portland Holdings Inc: a privately held investment company in Ontario, Canada. According to Forbes, he’s worth $1.5 billion.
Considered one of the greatest players in the NBA of all time, Jordan has earned $1.8 billion from such corporate partners as Nike, Hanes, and Gatorade. In 2020, he became a NASCAR team co-owner, and he owns the Charlotte Hornets. Jordan has an estimated net worth of $1.6 billion.
Oprah is the only Black-woman that makes the top 10 list of billionaires. She flipped her profits from her long-standing TV career into $2 billion. She also launched her cable channel OWN in 2011 which is worth more than $65 million alone. So, what’s her estimated net worth? $2.6 billion!
Alex Karp is co-founder and CEO of the data-mining firm Palantir Technologies, a company that does contract work for government agencies, including the Department of Defense, the FBI, and the Danish National Police. The self-made billionaire has an estimated net worth of $3 billion, according to Visual Capitalist.
Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008. Representing South Africa, he started a mining service contracting business. In 2016, he launched a new private equity firm, African Rainbow Capital, focused on investing in Africa. Motsepe has a network of $3.1 billion. According to Forbes, he’s self-made.
David Steward is the founder and chairman of IT provider World Wide Technology, whose customers include Citi, Verizon, and the federal government. Steward has a net worth of $3.7 billion.
Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining, and real estate. Rabiu, the son of a businessman, inherited land from his father. In 1988, he set up his own business by importing iron, steel, and chemicals. His net worth is $4.8 billion.
Robert F. Smith
Robert Smith is the founder of the private equity firm Vista Equity Partner. Launched in 2000, it focuses exclusively on investing in software companies. With over $50 billion in assets, Vista is known as one of the best-performing private equity firms in the world. Smith has a net worth of $6 billion.
Mike Adenuga is an inspiration as he’s a self-made billionaire. As Nigeria’s second-richest man, he built his fortune in telecom and oil production. His mobile phone network, Globacom, is the third-largest operator in Nigeria, with 55 million subscribers, as reported in Forbes. Adenuga received an MBA at Pace University in New York and supported himself in school by working as a taxi driver. He has a net worth of $6.1 billion.
There’s a reason why Burna Boy made a song titled “Dangote.” Aliko Dangote is Africa’s richest person and takes the top spot as the