As the richest black billionaire, Aliko Dangote, Nigeria’s business mogul, remains the leader.
Forbes generally reported that the number of billionaires has increased from 1,810 in 2016 to 2,043 currently this year.
In other words, 233 more moneybags joined the Global Billionaires League. This is the biggest leap Forbes has made in 31 years.
According to the report, Forbes black billionaires fell from 12 in 2016 to 10 in 2017, while 23 African billionaires made the 2018 list – down from 21 in 2017.
The two billionaires missing from the list are Nigerian oil tycoon Femi Otedola and cement mogul Abdulsamad Rabiu.
Rabiu dropped from the list due to the devaluation of the Nigerian currency. It is well known that the economic state of Nigeria’s economy has also cost Africa’s richest man millions of dollars over the past year.
Angolan investor Isabel dos Santos, American media mogul Oprah Winfrey and Nigerian Folorunsho Alakija still made the Forbes black billionaires list this year.
This is an update from Forbes Black Billionaires for 2018:
10. Mohammed Ibrahim
Nationality: Sudanese
Assets (income and earnings) of $1.18 billion
Sector: communication / investments
Mohammed Ibrahim was the founder of onetime African cell phone company, Celtel. In 2005, he sold the company to Kuwait-based MTC for $3.4 billion. Mo is now more concerned with investments. He is passionate about improving progressive leadership in Africa.
9. Folorunsho Alakija
Nationality: Nigerian
Net worth (income and earnings): $1.49 billion
Industry: Oil & Gas
Folorusho Alakija is a businesswoman and self-made billionaire. She is considered the richest Nigerian woman; 2nd richest African woman and 3rd richest black woman in the world.
8.Michael Jordan
Nationality: American
Net worth (income and earnings): $1.31 billion
Industry: Sports (basketball)
Former American professional basketball player, entrepreneur and businessman Micheal made it into the world’s billionaire club in 2015 as one of the new entrants. Jordan is the first NBA player to be on the Forbes billionaires list.
The five-time NBA MVP winner is currently working on a $1 billion partnership with Nike. He is the spokesman for a number of international top brands.
7. Patrice Motsepe
Nationality: South African
Net worth (income and earnings): $ 2.6 billion
Industry: Mining
Meet the CEO of African Rainbow Minerals and Ubuntu Botho Investments. He is also the owner of Mamelodi Sundowns Football Club.
Patrice Motsepe is a mining mogul now reinvesting via private equity. He is the seventh richest black billionaire in the world; the first and richest black South African billionaire.
6. Isabel Dos Santos
Nationality: Angolan
Net worth (income and earnings): $3.1 billion
Sector: investments
Isabel Dos Santos is an engineer by profession,the richest black woman in the world. As the daughter of longtime former President of Angola, Jose Eduardo dos Santos, Isabel has investments in Angola, Portugal and abroad in sectors such as telecom, oil & gas, retail, media, banking and finance.
5. Oprah Winfrey
Nationality: American
Net worth (income and earnings): $2.8 billion
Branch: media (television)
According to Forbes, she is the richest self-made woman in America. The talk show queen was the richest black woman in the world for 11 years. Oprah is currently the richest billionaire in the African American community.
In 2006, the media personality was the highest paid television personality in the world with an estimated $260 million. and a 2013 salary of $75 million.
4 . RobertSmith
Nationality: United States of America
Net worth (income and earnings): $4.4 billion
Industry: private equity
Smith’s success and wealth has skyrocketed, landing him on the Forbes Billionaire list for the first time in 2016. The energetic entrepreneur, who is also married to Hope Dworaczyk and won the 2010 Playboy Playmate of the Year award, has built a massive empire installing business software outfits. With a net worth of $4.4 billion, Smith fell two places from 6th place in 2016 to the fourth richest black billionaire in the world.
3. Mike Adenuga
Nationality: Nigerian
Net worth (income and earnings): $5.4 billion
Industry: Telecom / Oil & Gas
Mike Adenuga is the CEO of Conoil, the first Nigerian oil production company to have produced oil on a commercial scale in Nigeria. Despite seeing a huge drop in his net worth following the collapse of Nigeria’s economy, Adenuga still managed to make the list of the richest black people in the world. Globacom, Adenuga’s mobile communications company, is the second largest operator in Nigeria.
2. Mohammed Al-Amoudi
Nationality: Saudi Arabian / Ethiopian
Net worth: $10.8 billion
Industry: Oil
Born to an Ethiopian mother and Saudi Arabian father, Mohammed Al-Amoudi is an oil and mining operations mogul who has made the list of the world’s richest men. Mohammed Al-Amoudi is the richest man in the Arab world and remains the second richest black man in the world as of 2015.
Mohammed has huge investments in Africa, especially in Ethiopia.
1. Aliko Dangote
Nationality: Nigerian
Net worth (income and earnings): $13.8 billion
Industry: consumer goods
Still the richest man in Africa and the richest black man in the world, Dangote is known across Africa for its numerous businesses that span different regions in Africa. The majority of his fortune comes from a more than 90% stake in cement, flour and sugar companies.
Recently, he has made significant investments in various sectors such as oil and gas, infrastructure, automotive and telecom.