List Of The World’s Black Billionaires In 2021 According To Forbes

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It shows the wealthiest have come through the pandemic just fine and the lower class people continue to face this pandemic like it was brought for them.

From media and entertainment to private equity and investments, Black billionaires are proof that despite the odds they can achieve true financial freedom.

Forbes latest list of the world’s richest people includes titans of finance, media and fashion who make up an even rarer club: African American billionaires.

Here is a list of the black billionaires;

Aliko Dangote – $11.4 Billion

Aliko Dangote is considered the richest Black man in the world as the founder and chairman of Dangote Cement, the continent’s largest cement producer and one of the largest private-sector employers in Nigeria. Part of his business empire was built from a $3,000 loan from his uncle used to import and sell agricultural commodities in Nigeria.

Mike Adenuga – $6.2 Billion

Mike Adenuga became Nigeria’s second richest man by building his fortune through his telecom company, Globacom, and oil production, as well as exploring business interests across several sectors of the economy and various parts of Africa.

Robert F. Smith – $6 Billion

Billionaire Robert F. Smith is well known as a tech investor and philanthropist who founded and also serves as CEO of Vista Equity Partners — which focuses exclusively on investing in software companies. He made headlines back in May 2019 for paying off the student debt of the entire Morehouse College graduating class, Blavity previously reported.

Abdulsamad Rabiu – $5.2 Billion

Abdulsamad Rabiu racked up his billion-dollar net worth as the founder of BUA Group — a Nigerian conglomerate active in cement production, sugar refining and real estate. Last year he combined his two large cement companies, Obu Cement and Cement Co. of Northern Nigeria, to continue building his business empire.

David Steward – $3.7 Billion

David Steward, founder and chairman of IT provider World Wide Technology the largest Black-owned company in America.

Patrice Motsepe – $3.1 Billion

South African founder and chairman Patrice Motsepe of African Rainbow Minerals became a billionaire in 2008 as the first African to make it onto the Forbes billionaire list. Most recently he became the continent’s new president of the Confederation of African Football (CAF), making him a certified soccer boss, according to Forbes.

Oprah Winfrey – $2.7 Billion

Media mogul Oprah Winfrey began her career as news anchor and today is considered the most beloved media giants in the industry, with an empire of her own television network and a content creation deal with Apple TV+, INSIDER reports.

Kanye West: Photo Courtesy Forbes

Kanye West – $1.8 Billion

Although Kanye West was the second Hip Hop artist to achieve billionaire status, he surpassed Jay-Z with a $1.8 billion fortune. Most of his net worth generates from his 100% stake in the Yeezy brand, which is tied to adidas, while the rest of his money is generated from his many investments, ranches in Wyoming, G.O.O.D Music record label, publishing rights and his own music catalog.

Michael Jordan – $1.6 Billion

Michael Jordan is regarded as the NBA’s greatest all-time player and has reached astronomical heights during his time in the league. Since retiring, he has dedicated his time to building up his billion-dollar fortune as one of the richest former professional athletes.

Strive Masiyiwa – $1.5 Billion

Zimbabwean billionaire Strive Masiyiwa’s fortune was by no means an easy feat to accomplish. In order to reach billionaire status, he had to overcome a protracted government opposition to launch his mobile phone network, Econet Wireless Zimbabwe, in his birth country back in 1998. He’s been featured on Forbes and Africa’s billionaire list since 2019, and even serves on Netflix’s board of directors.

Michael Lee-Chin – $1.5 Billion

Jamaican-Canadian businessman and philanthropist Michael Lee-Chin made his billion-dollar fortune by investing in financial companies like National Commercial Bank Jamaica and AIC Limited.

Jay-Z – $1.4 Billion

Jay-Z broke the glass ceiling for Hip Hop as the culture’s first billionaire, but his fortune continues to grow on account of his many businesses.

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