![]() ![]() ![]() Oprah has turned her 25-year-long hit talk show into a media and business empire. Thanks to his $2.7-billion fortune, Motsepe currently ranks as the richest Black person in Southern Africa.Īccording to Forbes, “The Queen of Talk,” Oprah Gail Winfrey, is the richest Black woman in the world with a net worth of $2.5 billion. The founder of African Rainbow Minerals, he became a billionaire in 2008.Īside from his equity position in the company, he has a stake in Sanlam, a Johannesburg Stock Exchange-listed financial services firm. Patrice Motsepe is a South African billionaire and president of the Confederation of African Football. He derives the majority of his wealth from his stakes in Preem, Sweden’s largest oil refiner, Midroc Gold, Ethiopia’s largest miner, and interest in Okote Gold. Mohammed Al Amoudi, Ethiopia’s richest man, is worth $5.31 billion, ranking him 479th on the Bloomberg Billionaires Index. 1 to $5.76 billion at the time of writing this report, according to the Bloomberg Billionaires Index. Steward’s net worth has risen by $746 million since the start of the year, from $5.01 billion on Jan. His company has grown from a technology equipment reseller in 1990 to a leading provider of technology solutions. In addition to founding Globacom, one of Nigeria’s largest telecom service providers, he owns 74.4 percent of Conoil Plc, a leading petroleum marketing company that manufactures and sells lubricants under the “Quarto” brand.ĭavid Steward, America’s second-richest black person, is the founder and chairman of Worldwide Technology, one of the largest African-American-owned businesses. Mike Adenuga, a Nigerian telecom billionaire and oil mogul, derives the majority of his $6.3-billion fortune from his investments in Globacom Limited and the Nigerian oil industry through Conoil Producing and Conpetro Limited. Nigerian billionaire Abdul Samad Rabiu’s net worth increased significantly this year, propelling him to the fourth-wealthiest individual in Africa, owing to the sustained increase in the market value of his stakes in BUA Cement and BUA Foods.Īccording to Forbes, his net worth has risen by $800 million since the beginning of the year, from $7.5 billion to $8.3 billion, solidifying his position as not only Africa’s fourth-richest billionaire, but also the world’s third-richest black billionaire. Almost all of Smith’s $12-billion fortune stems from his stake in the Texas-based private equity firm.Īccording to the Bloomberg Billionaire Index, his net worth has risen by $50 million since the beginning of the year, from $11.95 billion to $12 billion. He is the founder of Vista Equity Partners, a private equity firm focused on software investments that Smith founded in 2000 and has grown to more than $50 billion in assets with annual returns of 22 percent since its inception. Smith is America’s wealthiest Black billionaire. In contrast, the multi-industry creative, Kanye West, lost his billionaire status towards the end of 2022 after German sportswear giant Adidas cut ties with him following a string of offensive and antisemitic comments he made in October.Īliko Dangote, Africa’s richest man, is also the world’s richest Black Billionaire, thanks to his $19.9-billion fortune derived from his fertilizer plant, Dangote Fertilizer, his stake in Dangote Cement Plc, Africa’s largest cement manufacturer, and Dangote Sugar, Nascon Allied Industries.Īccording to data tracked by the Bloomberg Billionaires Index, his net worth has risen by $1.23 billion since the start of the year, from $18.67 billion to $19.9 billion at the time of writing Other individuals who have witnessed a remarkable increase in their net worth include Zimbabwean telecom magnate Strive Masiyiwa, and worth mentioning is Nigerian industrialist Abdul Samad Rabiu, who displaced Egypt’s wealthiest man Nassef Sawiris to become the fourth-richest person on the continent. Africa’s richest man, Aliko Dangote, also experienced a $1.23-billion bump in his net worth this year. Notably, Hip Hop’s first billionaire, Shawn “Jay-Z” Carter, has seen a remarkable surge in his net worth since the start of the year. While some Black billionaires have not fared as well in accumulating impressive wealth gains since the start of the year, others have built on their fortunes, as they continue to chart the growth of their companies. Following a challenging 2022, several Black billionaires around the world have experienced a significant increase in their net worth since the beginning of 2023, leading to a reshuffle in the ranks of the world’s richest Black billionaires. ![]()
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