Forbes? annual list of billionaires was released this week. 12 of those are billionaires Black. (And yes, Oprah is still representing!)
As reported by Forbes contributor Mfonobong Nsehe, here?s a snapshot of their accomplishments:
Aliko Dangote, $14.4 billion
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.
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.
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.
Isabel Dos Santos, $3.1 billion
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).
Oprah Winfrey, $3.1 billion
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.
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.
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.
Folorunsho Alakija, $1.55 billion
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.
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.
Michael Jordan, $1.14 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.
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.
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.