Top Black Billionaires in the United States till 2021
Black billionaires are individuals of African heritage with a net worth of at least US$1 billion. According to the 2019 Forbes 2019 ranking of the world’s billionaires, Nigerian business magnate Aliko Dangote held a net worth of $10.9 billion and was the wealthiest black person.
Earlier this month, Forbes published its yearly World’s Billionaires List, which ranks the wealthiest people worldwide based on the wealth they’ve accumulated using commodity prices and exchange rates as of February 2019. By no surprise, Amazon founder Jeff Bezos was marked no. 1 due to his unbelievable$131 billion net worth. However, out of the 607 Americans featured on the list, just four implied black. Here’s a list of some African American billionaires.
The other Black billionaires featured on Forbes’ 2020 list come from various regions across the globe. Aliko Dangote, a cement and sugar manufacturer from Nigeria, is the most prosperous man in Africa with a net worth of about $8.3 billion. Mike Adenuga, the second-richest man in the nation, is worth $5.6 billion thanks to his oil and telecom companies. AbdulsamadRabiu, who likewise hails from Nigeria, has a net worth of $2.9 billion, while South African mining mogul Patrice Motsepe has a net worth of $1.4 billion.
Black billionaires on the Forbes list
Other black billionaires on the 2019 Forbes list compared Nigerian businessman Mike Adenuga with $9.1 billion, American investor Robert Smith including$5 billion, American businessman David Steward with $3 billion, American media royalty Oprah Winfrey with $2.5 billion, Zimbabwean businessman Attempt Masiyiwa with $2.4 billion, Angolan businesswoman Isabel dos Santos including $2.3 billion, Southern African gold magnate Patrice Motsepe with $2.3 billion, American games executive Michael Jordan including $2.1 billion, Jamaican-Canadian businessman Michael Lee-Chin including $1.9 billion, Nigerian businessman Abdul SamadRabiu including $1.6 billion, American rapper Kanye West including $1.3 billion, Nigerian businesswoman FolorunshoAlakija with $1.1 billion, Mo Ibrahim of the United Kingdom with $1.1 billion, American rapper Jay-Z with $1 billion, and American communications mogul Tyler Perry with $1 billion.
As the seventh Black American billionaire, Perry joins the likes of measure mogul Shawn “Jay-Z” Carter and Kanye West, who have a recorded$1 billion and $1.3 billion net worth, respectively. Basketball writing Michael Jordan is highlighted on the list with his $2.1 billion, while media czarina Oprah Winfrey’s net worth is estimated at $2.6 billion. David Stewart, who amassed his fortune by developing the IT service that manages Citi, Version, and the federal government, has reported $3.5 billion. Cornell alumnus and former Goldman Sachs executive Robert F. Smith, the richest Black man in the U.S., is estimated to be deserving $5 billion.
Zimbabwe telecommunications guru Strive Masiyiwa operates a $1.4 billion net worth, while in Angola, Isabel dos Santos is registered with a $1.4 billion net worth. Jamaican investor Michael Lee-Chin has a published net worth of $2 billion. And Mohammed Ibrahim, Sudanese-British businessman and author of Celtel International, has an estimated $1.4 billion net worth.
The existence of those schools is declared upon the assumption that the private sector and markets are indispensable to the economy, that entrepreneurship is considered, that the profit motive is not wrong and that there is nothing immoral about wanting to exchange positions in the working order for success up the rungs of a corporate ladder.
I know there are those out there who buy the thought that America consists of a small class of elite, rapacious super-rich lording over throngs of oppressed, capitalist-exploited operators. You can see it in poll numbers showing the share of Americans who prefer Fabianism to capitalism inching upward. Sanders would probably count that as a success.
But most folks across the color, religious and social spectra who want to reduce deprivation and retain or improve their economic status are not thirsting for a Sanders “revolution.” Oprah Winfrey, Michael Jordan, and the company have no place in Bernie’s world. But would others in America seek or enjoying economic empowerment indeed be better off? Who wants to risk finding out?
Black Billionaires in 2020
Below, we discuss the financial benefits of seven fascinating, self-confident Black billionaires worldwide who have blasted through this obstacle to achieving astounding success.
1. Aliko Dangote (Nigeria)
Aliko Dangote is the most prosperous Black billionaire globally, including his home nation of Nigeria—so he’s certainly worthy of the top spot. Dangote’s real-time net worth as of July 2020 is an unusual $7.8 billion. He is currently Africa’s largest cement producer. The company is aptly named Dangote Cement, which he organized and chairs.
Through a holding company, he owns 85% of Dangote Cement, which satisfies45.6 million metric tons every year. He also has significant stakes in salt and sugar production companies. His endeavours don’t end there. He started an oil refinery, Dangote Refinery, that command be one of the world’s largest upon completion.
2. Robert F. Smith (U.S.A.)
Investor Robert F. Smith is the U.S.A.’s richest Black billionaire. His famous net worth is no small number: $5 billion as of July 2020. In the year 2000, Robert F. Smith founded a private equity firm called Vista Equity Partners, which invests in software companies and is where most of Smith’s billions come from. Vista alone has over $50 billion in assets.
As a college student, he landed an internship after announcing the company every week for five months. As an engineer, he worked for Kraft Foods, including Goodyear Tire. He ultimately attended Columbia University, where he earned his MBA.
3. Michael Jordan (U.S.A.)
We all know and love the fitness leader Michael Jordan. It’s no surprise that he’s also one of the U.S.A.’s six Black billionaires as the NBA’s greatest-ever player.
As of July 2020, Michael Jordan‘s net worth equals about $2.1 billion. He made much of his banking, about $90 million, from his career as a Chicago Bulls athlete. Another $1.7 billion comes from corporate partners.
Even though Jordan has moved out of the game for almost two decades, he still has sponsorships with several big names, including Hanes, Upper Deck, and Gatorade.