World’s 12 Richest Black People In 2016

Forbes have recently released the list of richest black people on earth, 2016. This list is a compilation of the net worth of these distinguished individuals in American Dollars and I have taken my time to compile the list of the 12 richest of them all. Read through and see how many Nigerians make the list below.

1. Aliko Dangote


The richest black person in the world, 2016 is none other than Alhaji Aliko Dangote. A Nigerian, he is the founder and funder of the renowned Dangote group and his investments include Sugar, Cement and Flour.

His conglomerate is Africa’s largest cement producer with plants in Cameroon, Ethiopia, Zambia and Tanzania. His networth is $14.4 billion.

2. Mike Adenuga


Another Nigerian, Mike is the second richest black person on earth. His investments include Oil and Telecoms, notably Conoil Producing and Globacom. He is worth $9.9 billion.

3. Mohammed Al-Amoudi


The third richest black person on earth, he is from Saudi Arabia and he invests heavily in Oil. He first made his fortune in construction where he reinvested proceeds in construction, agriculture and energy companies in Sweden, Saudi Arabia and Ethiopia.

He owns Preem, an oil refining company and several oil fields off West Africa and gold mines in Ethiopia. He is worth $8.4 billion.

4. Isabel Dos Santos


An Angolan, she is the world’s fourth richest black person and the richest black woman on earth.

She is the daughter of Angolan President, José Eduardo Dos Santos and she owns lucrative stakes in blue-chip Angolan companies such as Unitel, the country’s largest mobile phone network to mention but a few.

She is currently worth $3.1 billion.

5. Oprah Winfrey


This television icon, owner of the cable channel, Oprah Winfrey Network (OWN) is joint forth richest person on earth and richest woman on earth. She is the richest African American in the world and she is worth $3.1 billion.

6. Robert Smith


He is an African American and the founder of Vista Equity Partners. His investments also include leading enterprise software companies such as Websense, Applied Systems and Mediaocean. He is worth $2.5 billion.

7. Femi Otedola


Nigeria’s third richest man and the seventh richest black person on earth, Femi Otedola’s fortune is alluded to his controlling shareholding of Forte Oil Plc which has numerous gas stations and fuel storage depots, and manufactures its own line of engine oils.

Femi Otedola is worth $1.85 billion.

8. Folorunsho Alakija


Nigeria’s only female billionaire. She is the founder of Famfa oil, a key player in the Nigerian oil and gas industry. She was one time secretary in a Nigerian merchant bank in the 1970’s who quit her job to study fashion design in England and later came back to Nigeria to establish. She is worth $1.55 billion.

9. Patrice Motsepe


He is South Africa’s first black billionaire. Due to sharp decline in the stock price of his mining company, African Rainbow Minerals, he has lost $1 billion since last year but that hasn’t put him off the list. He is the President and owner of Mamelodi Sundowns Football Club and he is worth $1.15 billion.

10. Michael Jordan


The African American is the greatest basketball player of all time. He is the majority shareholder of Charlotte Bobcats and he enjoys lucrative deals with the likes of Gatorade, Hanes and Upper Deck. He is the owner of the Brand Jordan, a sportswear partnership with Nike. He is worth $1.14 billion.

11. Abdulsamad Rabiu


This Nigerian is somewhat of a quiet billionaire because little is known about him. Nevertheless, he is the founder of BUA Group, a Nigerian conglomerate with investments in sugar refining, cement production, real estate, steel, port concessions, manufacturing, oil and gas and shipping. He is worth $1.1 billion.

12. Mohammed Ibrahim

Sudanese-born Briton, he invests in Telecoms as is evident in him being the founder of Celtel which has since been sold. He is worth $1.07 billion.

These are the movers and shakers of the world’s economy. What’s your take on the list? Please comment below.