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"Here Are The Black People Who Made Forbes’ 2023 Billionaires List
April 7, 2023
By Collins Badewa
https://www.stylerave.com/black-billionaires-2023/
It is no secret that the Black community has long been underrepresented in the
field of business. However, this is slowly changing, as evidenced by the 2023
Forbes Billionaires List which was released on Tuesday, April 4, 2023. This year,
there are 16 Black billionaires on the list, with a combined net worth of over $60
billion. While this is still a relatively small number compared to the overall list
of 2,640 billionaires, it is a significant increase from the mere three black
billionaires that were on the list in 2013.
The Tesla CEO Elon Musk has officially been eclipsed as the richest person in the
world by French luxury goods entrepreneur Bernard Arnault. With a $211 billion
fortune, the 74-year-old engineer tops Forbes’ list of billionaires for 2023,
overtaking Musk, who was first last year and is now in second place, by $31
billion.
Among the Black Billionaires on the list are a mix of familiar names and newcomers.
Jay-Z has been named one of the world’s billionaires on Forbes’ list. The rap icon
and successful entrepreneur was ranked #1217 as a result of his several successful
endeavors, including his most recent choice to sell his stake in a liquor company.
Roc Nation artist Rihanna is listed at #2020, mostly because of her Fenty Beauty
brand. Her net worth is reportedly $1.4 billion this year.
Just as we have wealthier people on the list, there are people who have also fallen
off the revered annual list. Ye, formerly known as Kanye West, fell off Forbes’
billionaire’s list after losing about $1.6 billion of his net worth when he lost
several business deals following his antisemitic comments. Ye is not the only
person to fall off the list. In fact, 254 one-time billionaires are no longer.
What is most encouraging about this trend is that it is not limited to the United
States. Nigeria, for instance, is home to three of the 16 Black billionaires on the
list. Aliko Dangote—the richest man in Africa—is the richest Black man in the
world, with a net worth of an impressive $14.2 billion. Other African billionaires
that made the list include Patrice Motsepe and Mike Adenuga.
The 2023 Forbes Billionaires List is a testament to the growing wealth and success
of black people around the world. As the list continues to grow, it is clear that
black people are becoming an increasingly powerful force around the globe.
Here are the Black people on Forbes 2023 Billionaires’ list…
# 1. Aliko Dangote
# 124
-Net worth: $14.2 B
-Industry: Manufacturing
-Profile: Aliko Dangote acquired his wealth through his successful career as a
businessman and entrepreneur in the manufacturing and commodities industries. He is
the founder and chairman of the Dangote Group, a Nigerian conglomerate with
interests in cement, sugar, flour, and other products. The Dangote Group has become
one of the largest industrial conglomerates in Africa, with operations in Nigeria
and other African countries. Dangote is known for his strategic investments and
focus on innovation, which has helped the Dangote Group grow rapidly over the
years. He is also involved in philanthropy, including supporting education and
healthcare initiatives in Nigeria and other African countries through the Dangote
Foundation. As of 2023, Aliko Dangote’s net worth is estimated to be around $14.2
billion, making him the richest person in Africa and one of the richest in the
world.
# 2. Abdulsamad Rabiu
# 249
-Net worth: $8.3 B
-Industry: Diversified
-Profile: Abdulsamad Rabiu acquired his wealth through his successful career as a
businessman and entrepreneur in the manufacturing and energy industries. He is the
founder and chairman of BUA Group, a Nigerian conglomerate with interests in
cement, sugar, flour, and other products. BUA Group has become one of the largest
industrial conglomerates in Africa, with operations in Nigeria and other African
countries. Just like Dangote, Rabiu is involved in philanthropy, focusing on
supporting education and healthcare in Nigeria and other African countries through
the Abdul Samad Rabiu Initiative. As of 2023, Abdulsamad Rabiu’s net worth is
estimated to be around $8.3 billion.
# 3. Robert F. Smith
# 261
-Net worth: $8 B
-Industry: Finance and Investments
-Profile: United States’ Robert F. Smith acquired his wealth through his successful
career as a businessman and investor in the technology industry. He is the founder
and CEO of Vista Equity Partners, a private equity firm that specializes in
investing in enterprise software companies. Vista Equity Partners has become one of
the most successful private equity firms in the world, with a portfolio of
companies that includes major players in the technology industry like Finastra,
Marketo, and Ping Identity. Smith is known for his strategic investments and focus
on operational improvements, which have helped Vista Equity Partners generate
strong returns for its investors. He is also involved in philanthropy, including
supporting education and social justice initiatives through the Robert F. Smith
Foundation. As of 2023, Robert F. Smith’s net worth is estimated to be around $8
billion.
# 4. Mike Adenuga
# 418
-Net worth: $6.1 B
-Industry: Diversified
-Profile: Mike Adenuga acquired his wealth as a businessman and entrepreneur in the
telecommunications and oil industries. He founded the telecommunications company
Globacom in 2003, which has since become one of the largest mobile phone networks
in Nigeria and across Africa. Adenuga is also the founder of the oil exploration
company Conoil Producing, which operates on the African continent. He is known for
his strategic investments and partnerships, including with major multinational
companies like Total and Chevron. Adenuga is also involved in philanthropy and has
made significant donations to education, health, and other social causes in Nigeria
and other African countries. As of 2023, Mike Adenuga’s net worth is estimated to
be around $6.1 billion.
# 5. David Steward
# 425
-Net worth: $6 B
-Industry: Technology
-Profile: David Steward acquired his wealth as a businessman and entrepreneur in
the technology industry. He co-founded the IT services company World Wide
Technology (WWT) in 1990, which has since become a leading provider of technology
solutions to large corporations and government agencies. Steward is known for his
strategic leadership and focus on customer service, which has helped WWT grow
rapidly over the years. He has also been involved in various other business
ventures, including real estate and finance, and serves on the boards of several
companies and organizations. Steward is also involved in philanthropy, as he
supports education and healthcare initiatives in his hometown of St. Louis,
Missouri in the United States of America. As of 2023, David Steward’s net worth is
estimated to be around $6 billion.
# 6. Patrice Motsepe
# 1104
-Net worth: $2.7 B
-Industry: Metals and Mining
-Profile: South Africa’s Patrice Motsepe acquired his wealth through his successful
career as a businessman and entrepreneur in the mining industry. He founded the
mining company African Rainbow Minerals (ARM) in 1997, which has since become one
of the largest mining companies in South Africa, with interests in gold, platinum,
and other minerals. Motsepe is known for his strategic investments and
partnerships, including with major mining companies like Anglo-American and
Glencore. He has also been involved in other industries, including finance,
healthcare, and sports, and serves as the president of the South African football
team Mamelodi Sundowns. Motsepe is also involved in philanthropy and has pledged to
donate half of his wealth to charitable causes through The Giving Pledge
initiative. As of 2023, Patrice Motsepe’s net worth is estimated to be around $2.7
billion.
# 7. Oprah Winfrey
# 1217
-Net worth: $2.5 B
-Industry: Media and Entertainment
-Profile: Oprah Winfrey acquired her wealth through her successful career as a talk
show host, media executive, and philanthropist. She first gained national attention
with her talk show, “The Oprah Winfrey Show,” which aired for 25 seasons and became
one of the highest-rated television shows in history. Winfrey later founded her own
media company, Harpo Productions. She has also been involved in other business
ventures, including publishing, film production, and a stake in Weight Watchers. In
addition to her career success, the American is known for her philanthropy. She
founded the Oprah Winfrey Leadership Academy for Girls in South Africa and has
donated millions to education, health, and social justice causes. As of 2023, Oprah
Winfrey’s net worth is estimated to be around $2.5 billion.
# 8. Jay-Z
# 1217
-Net worth: $2.5 B
-Industry: Media and Entertainment
-Profile: Jay-Z might be the definition of a diversified portfolio. In addition to
his media company Roc Nation, the “99 Problems” US rapper also has investments in
Armand de Brignac champagne, D’Ussé cognac, and an extremely valuable fine art
collection contributing to his now $2.5 billion worth. He recently sold his
controlling stake in D’Ussé for $750 million, making him far and away the
wealthiest figure in rap.
# 9. Michael Jordan
# 1516
-Net worth: $2 B
-Industry:
-Profile: Michael Jordan acquired his wealth through his successful basketball
career and various business ventures. Widely considered one of the greatest
basketball players of all time, Jordan won six NBA championships and numerous
individual awards throughout his career. He also made history as one of the first
athletes to sign lucrative endorsement deals, including with Nike, which released
the popular Air Jordan sneaker line. Jordan’s business ventures also include
ownership stakes in the NBA’s Charlotte Hornets, as well as various investments in
real estate, restaurants, and other companies. He’s involved in philanthropy —
donating"
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