- Of the 2,043 billionaires in the world, fewer than 1% of them are black.
- These 11 black billionaires are telecom giants, media moguls, and more.
- Watch the video above to find out how billionaires like Oprah and Michael Jordan built their wealth.
Bill Gates, Warren Buffett, and Jeff Bezos may be the richest men in the world, but they aren’t the only billionaires. 11 of the world’s billionaires – fewer than 1% – are black. They’re comprised of media moguls, telecom giants, and more.
Following is a transcript of the video.
11. Mohammed Ibrahim: $US1.18 billion (net worth)
Ibrahim became a billionaire after selling his telecommunications company. Now he focuses on improving the lives of Africans through the Mo Ibrahim Foundation.
10. Michael Lee-Chin: $US1.19 billion (net worth)
Lee-Chin owns a 65% stake in National Commercial Bank Jamaica.
9. Strive Masiyiwa: $US1.39 billion (net worth)
Masiyiwa is the founder of Econet Group, a mobile phone company. He is Zimbabwe’s first billionaire.
8. Michael Jordan: $US1.65 billion (net worth)
Jordan made $US90 million from his basketball career. He makes over $US100 million a year from his shoe deal with Nike and owns a stake in the Charlotte Hornets.
7. Folorunsho Alakija: $US1.7 billion (net worth)
Alakija is vice chair of Nigerian oil company Famfa Oil. Her son’s wedding cost nearly $US6 million.
6. Patrice Motsepe: $US2.5 billion (net worth)
Motsepe was Africa’s first billionaire thanks to his mining company. He promised to donate at least half of his wealth to charity.
5. Isabel Dos Santos: $US2.6 billion (net worth)
At 45 years old, she is the youngest black billionaire in the world. Her father is Jose Eduardo Dos Santos, former president of Angola.
4. Oprah Winfrey: $US2.7 billion (net worth)
Winfrey became a media mogul with the “Oprah Winfrey Show.” She is now the CEO of OWN, a cable TV channel.
3. Robert Smith: $US4.4 billion (net worth)
Smith became a billionaire after leaving Goldman Sachs to start his own private equity firm.
2. Mike Adenuga: $US5.3 billion (net worth)
Adenuga is chairman of telecommunications company Globacom. He earned an MBA from Pace University and used to drive a taxi.
1. Aliko Dangote: $US14.1 billion (net worth)
Dangote is the richest man in Africa. He’s also the largest producer of cement in Africa. He founded Dangote Foundation, which focuses on education, agriculture, and health.
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