According to Forbes, black dollar billionaires make up less than 1% of the 2 043 dollar billionaires in the world.
Top of this list is Africa’s richest man Aliko Dangote, who also happens to be the wealthiest black man on the globe, with a net worth of $14,1 billion.
Here’s a roundup of the top black billionaires and how they made their riches.
1. ALIKO DANGOTE (Nigeria)
Net worth: $14,1 billion
The don of the African cement industry, Dangote has amassed his vast riches through cement, sugar and flour, having started out as a trader and progressed to becoming a major manufacturer of these commodities.
He’s been the richest African businessman for the past nine years and he’s now also the wealthiest black dollar billionaire.
2. MIKE ADENUGA (Nigeria)
Net worth: $5,3 billion
An oil baron, Adenuga is the second richest man in Nigeria after Dangote.
He’s built his vast fortune through his telecommunication network operation Globacom. With around 36 million subscribers, it is Nigeria’s second-largest mobile network operator.
He also owns oil exploration company Conoil Producing, which was the first Nigerian oil exploration company to strike it big in the country – operating in six oil blocks in the Niger Delta.
3. ROBERT SMITH (USA)
Net worth: $4,4 billion
Smith is a private equity titan and the founder, Chairman and CEO of private equity firm Vista Equity Partners which he launched after leaving Goldman Sachs.
Much like SA’s own Patrice Motsepe, he’s noted as being the first black man in the USA to sign the Giving Pledge, which is a pledge to commit the majority of his wealth to philanthropic causes.
4. OPRAH WINFREY (USA)
Net worth: $2,7 billion
The First Lady of daytime TV has bounced back from a financial wobble resulting from the launch of her cable channel, the Oprah Winfrey Network, which struggled in its first few years.
But, a series of successful sitcom and drama hits in collaboration with comical director Tyler Perry and Ava Duvernay has helped boost the channel and bring it into profitability.
5 ISABEL DOS SANTOS (Angola)
Net worth: $2,6 billion
The powerhouse that is Dos Santos, the eldest daughter of Angola’s former President Jose Eduardo dos Santos, is the richest woman on the continent.
READ MORE: Who are the world’s richest African men?
While many questions abound over the legality of how Dos Santos amassed her wealth, she made the bulk of her fortune in oil and diamonds.
6. PATRICE MOTSEPE (South Africa)
Net worth: $2,5 billion
Motsepe is SA’s first black dollar billionaire. He made his fortune through mining and his flagship business African Rainbow Minerals.
In recent years, he has expanded his empire with the launch of investment firm African Rainbow Capital, which has made a series of investments in a host of sectors, including financial services, health management and property, both locally and on the rest of the continent.
7. FOLORUNSHO ALAKIJA (Nigeria)
Net worth: $1,7 billion
A formally trained fashion designer and a household name in Nigeria, Alakija landed her super-big break in 1993, after her company Famfa Oil was awarded an oil prospecting licence.
She grew her business into an entity that owns a 60% stake in block OML 127 of the Agbami field, one of Nigeria’s largest deepwater discoveries.
8. MICHAEL JORDAN
Net worth: $1,65 billion
Undoubtedly one of the greatest basketball players of all time, Jordan has earned a hefty sum from his partnership with Nike. The deal is worth a staggering $1 billion (R14 billion).
He is also the major shareholder in the Charlotte Bobcats.
In 2016, he overtook Tiger Woods as the highest-paid athlete in history and earned a cool $100 million (R1,4 billion) bonus from Nike for the continued success of the Jordan brand.
9. STRIVE MASIYIWA (Zimbabwe)
Net worth: $1,39 billion (R19,5 billion)
Masiyiwa overcame staunch government opposition to launch Econet Wireless Zimbabwe in the late 1990s. He owns a majority shareholding in the listed company, which is a subsidiary of the larger Econet Group.
He also owns over 50% of Liquid Telecom, which provides fibre optic and satellite services to telecom firms across the continent.
10. MICHAEL LEE-CHIN (Jamaica)
Net worth: $1,19 billion (R16,6 billion)
According to Forbes, Lee-Chin amassed his wealth from investments in the National Commercial Bank Jamaica and AIC Limited.
Under his leadership of AIC, he grew assets under management from under $1 million to $10 billion in 15 years.
He holds a 65% stake in the National Commercial Bank Jamaica, which makes up the majority of his wealth.