In this article, we look at the Richest Black Man In The World 2020. These are billionaires with black roots. The Richest Black Man In The World 2020 is none other than Nigeria’s Aliko Dangote, and another Nigerian, Mike Adenuga carefully follow him.
You may be prompted to ask the following questions,
- Who Is The Richest Person In The World?
- Who Are The Richest American Men?
- Who Are The Top 10 Richest Men In The World 2020?
- Who Are The Top Richest Women In the World 2020?
- Who Are the Top richest African Men 2020?
- Who Are The Richest Black Men In the World 2020?
all of these questions will be given answers as we journey down in this writeup, take your time to read through and digest.
TOP 10 RICHEST BLACK MEN IN THE WORLD 2020
- #1. Aliko Dangote
- Net Worth: $9.9 Billion
- Country: Nigeria
- Source of Wealth: Investment in Cement, Sugar, Flour Manufacturing
- Date of birth: April 10, 1957
The wealthiest black person in the world currently is Alhaji Aliko Dangote, a Nigerian businessman. This Kano born businessman comes from a wealthy background, especially on his maternal side. His maternal grandfather was at a time the wealthiest man in Africa until his death. His total net worth may have reduced drastically due to specific reasons, but his position as the richest black man in the world remains unchanged. Dangote started his business with a loan he got from his uncle. Armed with this loan, he began selling food items such as flour and sugar after which he later moved into the cement business. To grow his wealth and expand his business, Dangote realized he had to go into production and this he has successfully done through his Dangote Group. Dangote today produces his goods himself. His business interests are varied, but cement-making is the first business he is well known for. Dangote Cement which is a subsidiary of his Dangote Group is currently the biggest producer of cement in Africa. Dangote is widely acknowledged as one of the most significant contributors to the Nigerian economy, and he is set to expand into Nigeria’s oil industry when his refinery currently being built becomes operational.
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- #2. Mike Adenuga
- Net Worth: $9.5 Billion
- Country: Nigeria
- Source of Wealth: Investment in Oil, Telecommunication
- Date of birth: April 29, 1953
Mike Adenuga is a Nigerian who hails from the western part of the country. He has investments in the oil and telecommunications sectors of Nigeria although his business interests transcend the borders of Nigeria. Mike Adenuga is well acknowledged for contributing to the economies of other West African nations such as Ghana where he currently resides. He was bestowed with “Companion of The Star of Ghana’’, a Ghanaian national honor that is recognized as the most significant honor in the country for his contributions to the country. In Nigeria, Adenuga owns the second largest and indigenous telecoms service provider in Nigeria which is named Globacom. Adenuga is also an active player in the oil sector of Nigeria. Conoil, his company is the first indigenous oil exploration firm in Nigeria to produce oil in commercial quantity.
- #3. Robert Smith
- Net Worth: $4.4 Billion
- Country: United States Of America
- Source of Wealth: Business
- Date of birth: December 1, 1962
Robert is an entrepreneur who has succeeded in building a massive empire for himself in the installation of enterprise software outfits. He founded and owned Vista Equity Partners, a privately owned equity firm that is based in Texas. Robert is a businessman, investor and also a philanthropist and was formerly a chemical engineer and an investment banker. Currently, he is the wealthiest African-American in the world.
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- #4. Oprah Winfrey
- Net Worth: $2.6 Billion
- Country: United States Of America
- Source of Wealth: Media
- Date of birth: January 29, 1954
Oprah Winfrey is a very famous and highly regarded personality all over the world. She was once dubbed the Queen of Daytime TV in America. She owns Oprah Winfrey Network (OWN), a cable channel which was previously embattled but has been able to turn the corner. The chain is now enjoying a favorable inflow of cash.
- #5. Isabel Dos Santos
- Net Worth: $2.3 Billion
- Country: Angola
- Source of Wealth: Business investment
- Date of birth: April 20, 1973
Daughter of immediate past Angolan President, Isabel Dos Santos rounds up the top 5. Isabel is an influential investor who has large stakes in the pair of Banco BPI and Unitel. Unitel is today the biggest mobile phone network in Angola. She has business investments beyond the shores of Angola. She holds a 6% stake in Galp Energia, a large firm that specializes in oil and gas. Her stake in Banco BPI is about 19%, and the company is currently the 4th largest bank in Angola. Isabel is also a significant stakeholder in Nos SGPS, a TV and telecom authority based in Portugal. With a net worth of $2.3 billion, she is currently the richest African woman in the world.
- #6. Patrice Motsepe
- Net Worth: $2.3 Billion
- Country: South Africa
- Source of Wealth: Minning
- Date of birth: January 28, 1962
The first black South African billionaire, Patrice Motsepe is next. He earned his fortune as a mining magnate through his company, African Rainbow Minerals. Recently, he established African Rainbow Capital, an investment company through which he has invested in top financial institutions in South Africa. He is also the owner and president of Mamelodi Sundowns Football Club, a football club competing in the top flight of South African football. He is a well-known philanthropist and one of the most influential South Africans. He once made a contribution of half his net-worth to some charitable causes in his country.
- #7. Michael Jordan
- Net Worth: $1.7 Billion
- Country: United States Of America
- Wealth Source: Basketball, Brand Partnership
- Date of birth/Age: February 17, 1963
In 7th place is Michael Jordan, a highly rated basketball player who is widely regarded by some as the greatest player ever in the history of the sport. For many years, he thrilled basketball fans with his skills and was able to earn significant income from his salary and endorsement deals with many top companies who leveraged on his popularity with fans to sell their products. He currently holds the largest share in the entire stakes of Charlotte Hornets while he also has massive business deals with big companies like Upper Deck, Hanes, and Gatorade. The bulk of his money comes from Brand Jordan even though he is the highest shareholder in Charlotte Hornets. Brand Jordan is a sportswear deal that Michael Jordan signed with Nike. The deal is reported to be worth around $1 billion.
- #8. Mohammed Al-Amoudi
- Net Worth: $1.2 Billion
- Country Of Origin: Ethiopia/Saudi Arabian
- Source of Wealth: Investment in Oil
- Date of birth: July 21, 1946
Mohammed Al-Amoudi is ranked as one of the wealthiest Arabs in the world today. He has strong ties Ethiopia through his mother who hails from the country. Due to this, he is a massive contributor to the Ethiopian economy. He owns Midroc Ethiopia Technology Investment Group, a reputable company that has a substantial investment in the areas of construction, transportation, agro-processing, leather making, and also gold mining. Mohammed Al-Amoudi also owns oil refineries in both Sweden and Morocco, and the bulk of his wealth is attributed to his oil business.
- #9. Mohammed Ibrahim
- Net Worth: $1.2 Billion
- Country: the United Kingdom/Sudanese
- Source of Wealth: Mobile Telecommunication, Investments
- Date of birth: 1946
Mohammed Ibrahim is a famous British investor of black descent. He built his business fortune was initially from Celtel, a mobile phone giant operating in Africa. In the year 2005, Mohammed Ibrahim sold Celtel to MTC, a Kuwaiti company for a sum estimated to be in the region of $3.4 billion. With the proceeds from the sale of Celtel, he started Satya Capital, a private equity company which has its headquarters in Britain. Although the base of Satya Capital is in the UK, the business activities of the company are primarily focused on Africa.
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- #10. Folorunsho Alakija
- Net Worth: $1.1 Billion
- Country: Nigeria
- Source of Wealth: Oil, Fashion
- Date of birth: 1951
Rounding up this list of Richest Black Man In The World 2020 is Folorunsho Alakija. She is currently the richest woman in Nigeria and the third richest black woman in the world. She started her career as a secretary in a Merchant bank before moving into fashion designing, sewing clothes for elite Nigerians including the wife of then Nigerian Head of state Ibrahim Babangida. Folorunsho became wealthy following her incursion into the oil business. She is the owner and founder of Famfa Oil, one of the leading oil companies in Nigeria. Famfa Oil is a crucial member of OML 127 which is a profitable oil block that is located in Nigeria’s Agbami oilfield. She is the only female billionaire in Nigeria.
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Conclusion On Top 10 Richest Black Man In The World 2020
These are the Richest Black Man In The World 2020. These billionaires have made their wealth from various sources including media, investments, sports and so on.
Tag: Top 10 Richest Black Man In The World 2020, Richest Men In the World, Who Is The Richest Person 2020, Billionaire In Africa