Aliko Dangote


Only seven out of the 1,200 billionaires across the globe, are black. And of these seven black billionaires, all but one (one Oprah Winfrey) hail from Africa, with Nigeria in the clear lead with three billionaires hailing from the country. It is also worth noting that there are two women on the list; with Folorunsho Alakija representing the female gender alongside Winfrey.

Here is the list of seven black billionaires:

Mohammed Al-Amoudi ($12.5 billion) – This Ethiopian-born oil magnate struck it rich by negotiating construction contracts for Saudi Arabia’s royal family, according to Forbes. He invested the money he made from these deals into Sweden, Morocco and Ethiopia. Among his assets are Svenska Petroleum Exploration and Preem.




Aliko Dangote ($11.2 billion) – This Nigerian has made a fortune in the cement, sugar and flour industries. He owns Dangote Group, Nigeria’s largest industrial conglomerate, Forbes reports. Dangota is also a philanthropist who’s donated millions to social issues.

Mike Adenuga  ($4.3 billion) – The second Nigerian to make this list, Adenuga’s wealth comes from telecom, banking and oil. In the 1990s, he became the first Nigerian “to strike oil in commercial quantities,” Forbes states. His Conoil Producing Company produces 100,000 barrels of oil daily.




Folorunsho Alakija ($3.3 billion) – She started her career in fashion but changed course in the 1990s after filing for an oil prospecting license from the Nigerian government for her company Famfa Limited. In 2000, Alakija found out that her land contained more than a billion barrels of oil. As a result, the Nigerian government took the land back, but Alakija took the government to court and won in 2012. This ruling landed her on the world’s list of billionaires, according to Ventures Africa magazine.


Patrice Motsepe ($2.7 billion) – The only South African on this list, Motsepe started his career in law. In 1994 he obtained some gold shaft mines which paved the way for him to become executive chairman of African Rainbow Minerals, a South African mining company. Motsepe owns 41 percent of the company as well as a South African soccer team.



Oprah Winfrey ($2.7 billion) – Everyone knows that this media mogul became rich and famous after making the most of her highly rated talk show. She launched the OWN network last year.




Mo Ibrahim ($1.1 billion) – This Sudanese transplant to the United Kingdom became wealthy after starting Celtel, a mobile phone company serving nations in Africa and the Middle East. In 2005, he sold the company for $3.4 billion.




Source: Loop 21



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