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Black billionaires

Black billionaires are individuals of African ancestry 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 had a net worth of $10.9 billion and was
the world's richest black person.[1] Other black billionaires on the
2019 Forbes list included Nigeria's Mike Adenuga with $9.1
billion, American investor Robert Smith with $5 billion,
American businessman David Steward with $3 billion, American
media mogul Oprah Winfrey with a net worth of $2.5 billion,
Zimbabwean businessman Strive Masiyiwa with $2.4 billion,
Angolan businesswoman Isabel dos Santos with $2.3 billion,
South African gold magnate Patrice Motsepe with $2.3 billion,
American sports executive Michael Jordan with $2.1 billion,
Michael Lee-Chin of Canada with $1.9 billion, Nigeria's Abdul
Samad Rabiu with $1.6 billion, Nigeria's Folorunsho Alakija
with $1.1 billion, and Mo Ibrahim of the United Kingdom with
$1.1 billion.[2]
Aliko Dangote, the world's wealthiest
From 2001 to 2003, Forbes listed American television network black person.
executive Bob Johnson as a billionaire,[3] but dropped him after
his fortune was split in his divorce.[4] He returned to Forbes
Billionaire list in 2007 with a net worth of $1.1 billion. In 2008
Johnson's wealth dropped again, this time to approximately $1.0
billion[5] and by 2009 he fell off the list again. Nigerian petroleum
executive Femi Otedola briefly emerged as a billionaire in 2009, but
did not remain one in subsequent years. He returned to the list in the
company of a fellow Nigerian, sugar tycoon Abdul Samad Rabiu, in
2016, but both were dropped from the rankings the following year.[6]

Multiracial billionaires with significant black ancestry have been


identified over the years. Saudi Arabian billionaire Mohammed Al
Amoudi, of Hadhrami Yemeni and Ethiopian descent, has been on the
Forbes billionaire list since 2002 and in 2012 had a net worth of
$12.5 billion.[7] Michael Lee-Chin of Canada, who is Jamaican of
Chinese and Black ancestry, was on the list from 2001 to 2010 but
dropped off in 2011.[8] Isabel Dos Santos is of both Angolan and
Middle Eastern ancestry. Oprah Winfrey at the White House in
2010. She is the first female black
Of all the above-mentioned billionaires identified by Forbes, only billionaire and was the only black
Oprah Winfrey qualified for Forbes 2009's list of the world's 20 most billionaire from 2004 to 2006
powerful billionaires, a list which considered not only wealth, but also
market sway and political clout. Winfrey was considered especially
powerful because of her influence on American consumer choices and her pivotal role in Barack Obama's
successful 2008 U.S. presidential campaign.[9]

List of Black billionaires


(Wealth valuations by Forbes magazine)
Bi/Multiracial billionaires with
Year Black billionaires All billionaires
Black ancestry

1: Bob Johnson $1.6 1: Michael Lee-Chin $1 billion 538, Richest: Bill Gates $58.7 billion
2001 [10]
billion

2:

1: Bob Johnson $1 billion Mohammad Al Amoudi $1.5


2002 billion 497, Richest: Bill Gates $52.8 billion
Michael Lee-Chin $1.1 billion
[11]

2: 2:

Bob Johnson $1.2 Mohammad Al Amoudi $1.5 476, Richest: Bill Gates $40.7 billion
2003 billion billion
Oprah Winfrey $1 Michael Lee-Chin $1.4 billion
billion [12] [13]

2:

1: Oprah Winfrey $1.1 Michael Lee-Chin $2.4 billion 587, Richest: Bill Gates $46.6 billion
2004
billion
Mohammad Al Amoudi $1.4
billion [14]

2:

1: Oprah Winfrey $1.3 Michael Lee-Chin $2.5 billion


2005 691, Richest: Bill Gates $46.5 billion
billion
Mohammad Al Amoud $2.5
billion

2:

1: Oprah Winfrey $1.4 Mohammad Al Amoudi $6.9


2006 billion 793, Richest: Bill Gates $50 billion
billion
Michael Lee-Chin $2.1 billion
[15]

2: 2:

Oprah Winfrey $1.5 Mohammad Al Amoudi $8


2007 billion billion 946, Richest: Bill Gates $56 billion
Bob Johnson $1.1 Michael Lee-Chin $1.6 billion
billion [16] [17]

5:

Aliko Dangote $3.3


billion
2:
Oprah Winfrey $2.5
billion [18]
Mohammad Al Amoudi $9
1,125, Richest: Warren Buffett $62 billion
2008 Patrice Motsepe $2.4 billion
billion [19]
Michael Lee-Chin $1.8 billion
[21]
Mo Ibrahim $2.5 billion
[20]

Bob Johnson $1 billion


[5]

2009 5: 2: 793, Richest: Bill Gates $40 billion


Oprah Winfrey $2.7 Mohammad Al Amoudi $9
billion billion
Aliko Dangote $2.5 Michael Lee-Chin $1 billion
billion [22]
Mo Ibrahim $2 billion

Femi Otedola $1.6


billion
Patrice Motsepe $1.3
billion

4:

Oprah Winfrey $2.4


2:
billion
Patrice Motsepe $2.3 Mohammad Al Amoudi $10 1,011, Richest: Carlos Slim Helu &
2010 billion billion
family $53.5 billion[24]
Adam Sedik $2.1 Michael Lee-Chin $1 billion
billion [23]

Mo Ibrahim $2 billion

5:

Aliko Dangote $13.8


billion [25]

Patrice Motsepe $3.3


billion
1: Mohammad Al Amoudi $12.3 1,210, Richest: Carlos Slim Helu &
2011 Oprah Winfrey $2.7 billion family $74 billion
billion
Mo Ibrahim $1.8 billion
[26]

Mike Adenuga $2
billion [25]

5:

Aliko Dangote $11.2


billion [25]

Mike Adenuga $4.3


billion [25]
1: Mohammad Al Amoudi $12.3 1,210, Richest: Carlos Slim Helu &
2012[27] Patrice Motsepe $2.7 billion family $74 billion
billion
Oprah Winfrey $2.7
billion
Mo Ibrahim $1.1 billion
[26]

2013 5: 2: 1,426, Richest: Carlos Slim Helu &


family $73 billion
Aliko Dangote $16.1 Mohammad Al Amoudi $13.5
billion [25] billion
Mike Adenuga $4.7 Isabel dos Santos $2 billion
billion
Patrice Motsepe $2.9
billion
Oprah Winfrey $2.8
billion
Mo Ibrahim $1.1 billion
[26]

7:

Aliko Dangote $25


billion
Mike Adenuga $4.6
billion
2:
Oprah Winfrey $2.9
billion Mohammad Al Amoudi $15.3
1,645, Richest: Bill Gates $76 billion
2014 Patrice Motsepe $2.9 billion
billion Isabel Dos Santos $3.7
Florunsho Alakija $2.5 billion
billion
Abdul Samad Rabiu
$1.2 billion
Mo Ibrahim $1.1 billion
[26]

11:

Aliko Dangote $14.4


billion
Mike Adenuga, $9.9
billion
Robert Smith, $4.4
billion
Oprah Winfrey $3.1
billion
2:
Femi Otedola, $1.85
billion Mohammed Al-Amoudi, $8.4 1,810, Richest: Bill Gates $75 billion
2016 Strive Masiyiwa, $1.8 billion
billion Isabel Dos Santos, $3.1
Folorunsho Alakija, billion
$1.55 billion
Patrice Motsepe $1.15
billion
Michael Jordan, $1.14
billion
Abdul Samad Rabiu
$1.1 billion
Mo Ibrahim $1.07
billion [28]

2019 11:

Aliko Dangote, $10.6


billion
Mike Adenuga, $9.1
billion
Robert Smith, $5
billion
David Steward, $3.9
billion
Oprah Winfrey, $2.7
billion
Strive Masiyiwa, $2.4
billion
Patrice Motsepe, $2.3
billion
Michael Jordan, $1.9
billion
Abdul Samad Rabiu,
$1.6 billion
Folorunsho Alakija,
$1.1 billion
Jay-Z, $1 billion

12:

Aliko Dangote, $10.6


billion
Mike Adenuga, $9.1
billion
Robert Smith, $5
billion
David Steward, $4
4:
billion
Abdul Samad Rabiu, Mohammad Al-Amoudi, $8.4
$3.2 billion billion
Oprah Winfrey, $2.7 Isabel Dos Santos, $2.3 2,153, Richest: Jeff Bezos $180 billion
2020
billion billion
Strive Masiyiwa, $2.4 Michael Lee-Chin $1.9 billion
billion
Patrice Motsepe, $2.3 Alex Karp $1.3 billion
billion
Michael Jordan, $2.1
billion
Kanye West, $1.3
billion
Folorunsho Alakija,
$1.1 billion
Jay-Z, $1 billion

Michael Jackson

On February 6, 2003, Martin Bashir asked Michael Jackson how much he was worth, and Jackson replied:
"It's way up there." Bashir then asked, "A billion dollars?" to which Jackson replied, "It's over there." Bashir
asked for confirmation: "Over a billion dollars!" to which the star replied "Yes."[29] Jackson never appeared
on the Forbes Billionaire list in his lifetime nor was he ever ranked among Forbes 400 richest Americans.
Estimates of Jackson's net worth during his life range from negative $285 million to positive $350 million for
2002, 2003 and 2007.[30][31] In August 2018 Forbes reported that Jackson's total career pretax earnings in life
and death were $4.2 billion.[32][33]

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he/2019/03/05/the-black-billionaires-2019/). Forbes.
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2.html). Forbes. Retrieved 2006-05-11.
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8. "Michael Lee-Chin" (https://www.forbes.com/profile/michael-lee-chin). Forbes.
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s://www.newsliveng.com/2019/05/25/black-billionaires-who-made-forbes-list-2019/). NAIJA
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ZT.html). Forbes. 2008-03-05.
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RS9H.html). Forbes. 2008-03-05.
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rahim_IK9A.html). Forbes. 2008-03-05.
21. "#677 Michael Lee-Chin" (https://www.forbes.com/lists/2008/10/billionaires08_Michael-Lee-Chi
n_7TE8.html). Forbes. 2008-03-05.
22. "#701 Michael Lee-Chin - The World's Billionaires 2009" (https://www.forbes.com/lists/2009/10/
billionaires-2009-richest-people_Michael-Lee-Chin_7TE8.html). Forbes. 2009-03-11.
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Chin_7TE8.html). Forbes. 2010-03-10.
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1508/http://www.forbes.com/2010/03/10/worlds-richest-people-slim-gates-buffett-billionaires-20
10_land.html). Forbes. Archived from the original (http://www.forbes.com/2010/03/10/worlds-ric
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25. "The Nation - Are Dangote and Adenuga truly Nigeria's richest men?" (https://web.archive.org/
web/20110316115034/http://thenationonlineng.net/web3/news/30610.html). 16 March 2011.
Archived from the original (http://thenationonlineng.net/web3/news/30610.html) on 16 March
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Retrieved 25 October 2017.
27. Nsehe, Mfonobong (March 7, 2012). "The Black Billionaires 2012" (https://www.forbes.com/site
s/mfonobongnsehe/2012/03/07/the-black-billionaires-2012/). Forbes.
28. Nsehe, Mfonobong. "The Black Billionaires 2016" (https://www.forbes.com/sites/mfonobongnse
he/2016/03/01/the-black-billionaires-2016/5/#58502ec9133b). Forbes. Retrieved 2017-07-21.
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Jackson's Lavish Style" (https://www.nytimes.com/2003/11/26/us/debt-is-seen-taking-toll-on-jac
kson-s-lavish-style.html) – via NYTimes.com.
30. Deutsch, Linda (May 4, 2005). "Forensic accountant tells court Jackson is in financial straits" (h
ttps://web.archive.org/web/20170326051412/http://legacy.sandiegouniontribune.com/uniontrib/
20050504/news_1n4jackson.html). San Diego Union-Tribune. Archived from the original (http://
legacy.sandiegouniontribune.com/uniontrib/20050504/news_1n4jackson.html) on March 26,
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m/2003/11/21/cz_1121jackson.html). Forbes. Retrieved May 31, 2015.
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-60-the-king-of-pop-by-the-numbers/). Forbes. Retrieved November 14, 2018.
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d/news-interviews/Stress-killed-MJ-says-ex-publicist/articleshow/4709371.cms?referral=PM).
The Times of India. June 27, 2009. Retrieved May 31, 2015.

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