Dangote, Mike Adenuga, Jay-Z, Rihanna make 2023 Forbes list of 17 richest black people in the world.
The information on the 17 wealthiest black persons in the world is provided below, highlighting their unique pathways to success and important contributions to a variety of industries.
1. Aliko Dangote ($10.8 billion).
Aliko Dangote, President of Dangote Group, tops the list.
Dangote, the richest man in Africa, created and serves as chairman of Dangote Cement, the largest cement manufacturer on the continent. He owns 85% of publicly traded Dangote Cement through a holding company. The enterprise, which can produce 48.6 million metric tons a year, works in ten African nations. Among Dangote’s many ventures are a fertilizer facility and a massive oil refinery project that, when finished, will rank among the largest in the world.
2. Robert F. Smith ($8 B)
Smith founded private equity firm Vista Equity Partners in 2000.
Smith founded Vista Equity Partners, a private equity business that focuses on investing in software companies. Vista boasts exceptional annualized returns of 31% on its $96 billion in assets. Smith’s accomplishments include his consent to pay $139 million in restitution for his part in a tax fraud scheme.
3. David Steward ($7.6 B)
Founder and chairman of IT provider World Wide Technology.
Steward, the founder and chairman of IT service provider World Wide Technology, overcame early financial obstacles to his business. The firm, which is currently valued at $14.5 billion, provides services to well-known customers like Citi, Verizon, and the US government. Steward has given to the University of Missouri-St. Louis as part of his charitable endeavors.
4. Abdulsamad Rabiu ($5.6 B)
Founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate.
5. Mike Adenuga ($3.6 B)
Adenuga built his fortune in telecom and oil production; Glo and Conoil.
Jay-Z ($2.5 B) His music catalogue, sale of Ace of Spades and Cognac boosted his earnings.
6. Oprah Winfrey ($2.5 B)
Profits from her TV show of 25 years combined with profits from films make up her estimates.
7. PATRICE MOTSEPE ($2.3 B)
The founder and chairman of African Rainbow Minerals, became a billionaire in 2008 – the first black African on the Forbes list.
8. Michael Jordan ($2 B)
The NBA legend has earned $1.8 billion (pre-tax) from Nike, Hanes and Gatorade.
9. STRIVE MASIYIWA, ($1.8 B)
Owner of mobile phone network Econet Wireless, which was launched in Zimbabwe, his country of birth in 1998.
10. Alexander Karp ($1.8 B)
CEO of data mining firm Palantir Technologies, which received early backing from CIA investment arm In-Q-Tel.
11. Rihanna ($1.4 B)
The singer is a billionaire thanks to the success of cosmetics line Fenty Beauty.
12. Michael Lee-Chin ($1.4 B)
Lee-Chin made a fortune investing in financial companies like National Commercial Bank Jamaica and AIC Limited.
13. MOHAMMED IBRAHIM ($1.2 B)
Ibrahim founded Celtel International in 1998, one of the first mobile phone companies serving Africa and the Middle East.
14. Tiger Woods ($1.1 B)
Woods has earned roughly $1.8 billion during his pro golf career, including a PGA Tour-record .
15. $121 million in prize money.
16. LeBron James ($1 B)
The first active NBA player to become a billionaire, with Forbes estimating his net worth at $1 billion in June.
17. Tyler Perry ($1B)
Perry’s wealth comes from being a producer and from a library dating back to the early 1990s.