The Soweto-born Patrice Motsepe is a black billionaire whose wealth originates from mining. In 1990, he started World Wide Technology, an IT company that has seen continuous success. He has worked as a salesman (like his father), a production manager, and an accountant.
Despite having faced biting poverty and racial segregation at a young age, Steward grew up to become a notable person in society. Other interests include real estate, infrastructure, and cement production.īesides profiting from the massive BAU business, Abdul is also the owner of Nigeria Oil Mills – the largest oil processing company in Nigeria.ĭavid Steward comes in third on the list of black billionaires with $5.8 billion (3.7 in 2021). They started with commodity trading, expanded to construction materials, and began constructing rolling mills. Abdul is the founder of BAU, a Nigerian conglomerate whose interests have diversified since it began operations in 1988. Here’s another black billionaire of Nigerian descent with a net worth of $6.9 billion (4.9 in 2021).
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Robert later decided, like most rich entrepreneurs, to start his business.įast forward to 2022, and he is on the list of the richest black people, amassing his wealth as chairman and CEO of Vista Equity Partners, which has investment relationships with software companies. After completing his education in two different fields, Chemical Engineering for his degree and Business Administration for his master’s, he worked for several businesses.
The 1962 Denver-born Robert Smith is a black billionaire with an estimated $6.7 billion (6 in 2021).
His introduction to millionaire status was through his lace and soft drinks business. He eventually went to school and bagged an MBA after his degree program. Mike Adenuga didn’t have the best start to life, having worked as a taxi driver. He is also a shareholder in other companies, including Equitorial Trust Bank, and has interests in oil (Conoil). Mike is the founder of Globacom, the second largest telecom company in Nigeria. Like some of the wealthiest people, Dangote has been married and divorced twice.įollowing closely is another Nigerian billionaire, Mike Adenuga, who is worth $7.3 billion (6.1 in 2021). The refinery is set to produce 650,000 barrels of oil per day.
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With the ongoing construction of the Dangote refinery at the Lekki Free Zone near Lagos, the business mogul is expected to increase his net worth in the coming year. He is the founder of Dangote cement company, where he controls approximately 88% of the shares.ĭangote has also amassed wealth from other investments in salt and sugar manufacturing companies. Okay, enough said! Let’s check out the current black billionaires and their net worth.Īliko Dangote is the richest black billionaire, with a net worth of $14 billion (11.5 in 2021). With a stroke of luck and aligning with the universe, you may be a billionaire someday. You must prepare and commit to the long haul. Who knows? Your name could be on this list soon, but it won’t happen overnight. It has taken several years of learning, grit, and discipline to get to this point.Įvery year, more black billionaires are joining the club. These individuals have broken through glass ceilings and braved the odds to achieve being a billionaire. It is no surprise, then, that some of them are on the list of the wealthiest people in the world. You can find them across various industries and business verticals, leading the line and setting the pace for others to follow. Investigative Stories Open dropdown menuīlack people have come a long way since the dark days of slavery and colonialism.COVID-19 Resource Center Open dropdown menu.
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