Top 10 Black Billionaires in The World | Wealth & Success Stories

Published December 26, 2024 by Kenneth John
Black History Makers
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There are several Black billionaires globally who have broken all the barriers and written their success stories on the pages of history. These billionaires have transformed industries and uplifted communities through their significant work in the fields of telecommunications, media, technology, cement, and oil. These entrepreneurs, trailblazers, and philanthropists made a significant change in the world through their ambition.

In this article, we will have a detailed study of the top 10 Black Billionaires in the world. 

World’s 10 Most Black Billionaires in 2024

1. Aliko Dangote – Nigerian Businessman & Industrialist 

Aliko Dangote

The Nigerian businessman and industrialist, Aliko Dangote was born on 10th April 1957. According to Forbes Aliko Dangote is the richest black man in the world whose net worth is $11.7 billion. Aliko is the CEO and founder of the Dangote group and is also involved in various cement, sugar, and flour industries. He is a well-known philanthropist who supports education and healthcare all over Africa. 

Also read: Thasunda Brown Duckett Net Worth – President & CEO – TIAA

2. David Steward – An American Billionaire Businessman 

An American billionaire businessman, David Stewart was born in 1951 in Chicago, Illinois. He was the son of Harold Lloyd Steward who was the mechanic, and Dorothy Elizabeth Massingale who was the housemaker. David is the second richest man in the world, he is also the chairman and founder of worldwide technology. Worldwide Technology is one of the largest owned African-American businesses in the United States. They provide technology products to commercial clients and serve the government. The estimated net worth of David Steward is $11.4 billion. 

3. Robert Smith – An American Businessman 

Robert Smith

Robert Frederick Smith popularly known as Robert Smith, was born on 1st December 1962. F. Smith completed his graduation from Cornell University and has completed his MBA degree from Columbia Business School. The American billionaire businessman is the CEO and chairman of Vista Equity Partners.

The estimated net worth of Robert Frederick Smith is $10.8 billion. Robert Smith is a philanthropist who works in the field of education and economic empowerment. In 2019 Robert Smith paid off the student loan of graduating students of Morehouse College. 

4. Mike Adenuga – Nigerian Billionaire Businessman

Chief Michael Adeniyi Agbolads Ishola Adenuga is popularly known as Mike Adenuga, who was born on 29th April 1953. Mike Adenuga is the chairman and founder of Globacom, which is the second-largest telecom company in Nigeria. Mike Adenuga has a large number of states in the oil and gas industry through his own company Conoil. The estimated net worth of Mike Adenuga is $6.7 billion, making him the fourth richest man in the world. Is also well known in Nigeria and Africa because of various charitable causes. 

5. Abdulsamad Rabiul – A Nigerian Businessman & Philanthropist 

Abdul Samad Isyaku Rabiul popularly known as Abdulsamad Rabiul, was born on 4th August 1960. Abdulsamad Rabiul is a Nigerian businessman and philanthropist, just like his late father Khalifa Isyaku Raibu, who was also an industrialist in the 1970s and 1980s. The Nigerian businessman is the founder and chairman of the BUA group. Abdulsamad Rabiul is the fifth billionaire in the world whose net worth is $4.8 billion. 

6. Michel Jordan – American Businessman and Former Basketball Player 

Michael Jeffrey Jordan, popularly known as Michel Jordan, was born on 17 February 1963.  Michael Jordan is a former professional basketball player and American businessman who has played various football matches including 15 seasons in the National Basketball Association. Jordan has won six NBA Championships and was very popular in the 1980s and 1990s. The retired basketball player is the sixth wealthiest billionaire in the world. The estimated net worth of Michael Jordan is $3.2 billion. 

Also read: Top Black-owned Businesses in America | Black Business Owners

7. Oprah Winfrey – An American Talk Show Host 

Oprah Gail Winfrey popularly known as Oprah Winfrey, was born on 29th January 1954. Winfrey is a very popular talk show host, actress, television producer, author, and media proprietor. The Oprah Winfrey Show was broadcast from Chicago and gave her a huge popularity.

Oprah was the richest African American of the 20th century and often ranked as the most inferential woman in the world. She has stakes in Weight Watchers and has also invested in various companies. The estimated net worth of Oprah Winfrey is $3 billion.

8. Patrice Motsepe – South African Businessman and Football Administrator 

Patrice Tlhopane Motsepe popularly known as Patrice Motsepe, was born on 28th January 1962. The South African businessman and football administrator has been the president of the configuration of African football. Patrice Motsepe is also the CEO and founder of African Rainbow Minerals. Which is the mining company that owns, base metals, gold, ferrous metals, and Platinum. Patrice Motsepe also owns African Rainbow Capital, which is an investment firm that purchases stocks in Financial Service companies.

He is the only South African whose name is there in the Forbes list of richest black billionaires. The estimated net worth of Patrice Motsepe is $3 billion.

9. Strive Masiyiwa – Zimbabwean Billionaire Businessman

Strive Masiyiwa was born on 29th January 1961, who is a London-based businessman and philanthropist. He is the chairman and founder of Econet Global and Cassava Technologies. Strive Masiyiwa is the half-owner of Liquid Telecom. The estimated net worth of Strive Masiyiwa is $2.1 billion. 

10. Mohammed Dewji – A Tanzanian Billionaire Businessman and Former Politician 

Mohammed Mo Gulamabbas Dewji is popularly known as Mohammed Dewji, who was born on 8th May 1975. He (Mohammed Dewji) is the owner of Metal Group, which was founded by his father in the 1970s. His company has invested in various sectors including transport and logistics, food and beverage, insurance, finance, mobile telephony, real estate, agriculture, and manufacturing. The estimated net worth of Mohammed Dewji is $1.8 billion. 

Also read: Top Black CEOs in Fortune 500: Leading Figures in 2024

Conclusion 

The top Black Billionaires of the world have gained popularity in every field and have influenced people by breaking all the boundaries. These people have changed the definition of success through their hard work and dedication. 

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Kenneth John

Kenneth is a finance journalist at TNj.com, specializing in market trends, economic analysis, and investment strategies, providing insightful updates and expert perspectives on global financial news.