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Dangote is currently the richest Black person in the world according to The Black Wall Street Times. In a testament to the power of determination, innovation, and hard work, the global landscape of wealth continues to evolve, welcoming individuals who have shattered ceilings and paved the way for a new era of prosperity.

By Ima Elijah, Pulse — 

From visionary entrepreneurs who have harnessed the potential of diverse industries to legendary figures who have left an indelible mark on the world stage, this listicle unveils the remarkable sources of wealth that have propelled these individuals to achieve unparalleled success.

1. Aliko Dangote ($10.8 billion):

Black Billionaire: Alhaji Aliko Dangote

Alhaji Aliko Dangote

Source of wealth – Cement, Sugar, Flour, and Salt manufacturing; Founder and Chairman of Dangote Group, Africa’s largest conglomerate.

2. Robert F. Smith ($8 billion):

Black Billionaire: Robert F. Smith

Robert F. Smith

Source of wealth – Technology investment; Founder and CEO of Vista Equity Partners, specialising in software and technology investments.

3. David Steward ($7.6 billion):

Black Billionaire: David Steward

David Steward

Source of wealth – Information technology; Co-founder and Chairman of World Wide Technology, a leading technology service provider.

4. Abdulsamad Rabiu ($5.6 billion):

Black Billionaire: Abdulsamad Rabiu

Abdulsamad Rabiu

Source of wealth – Cement, Sugar, and Real estate; Founder and Chairman of BUA Group, a diversified conglomerate in Africa.

5. Mike Adenuga ($3.6 billion):

Black Billionaire: Mike Adenuga

Mike Adenuga

Source of wealth – Telecoms, Oil, and Real estate; Founder of Globacom, Nigeria’s second-largest telecom operator, and Conoil, a major oil exploration company.

6. Jay-Z ($2.5 billion):

Black Billionaire: Jay-Z


Source of wealth – Music, Entertainment, Investments; Renowned rapper, entrepreneur, and co-owner of various companies, including Roc Nation and Tidal.

7. Oprah Winfrey ($2.5 billion):

Black Billionaire: Oprah Winfrey

Oprah Winfrey

Source of wealth – Media, Television, Entertainment; Talk show host, media mogul, and founder of OWN (Oprah Winfrey Network).

8. Patrice Motsepe ($2.3 billion):

Black Billionaire: Patrice Motsepe

Patrice Motsepe

Source of wealth – Mining, Investments; Founder and Chairman of African Rainbow Minerals, a mining company, and owner of diverse investments.

9. Michael Jordan ($2 billion):

Black Billionaire: Michael Jordan

Michael Jordan

Source of wealth – Basketball, Branding, Investments; Legendary NBA player and successful entrepreneur through his brand, Jordan Brand.

10. Strive Masiyiwa ($1.8 billion):

Black Billionaire: Strive Masiyiwa

Strive Masiyiwa

Source of wealth – Telecommunications, Investments; Founder of Econet Group, a leading telecom and technology group in Africa.

11. Alexander Karp ($1.8 billion):

Black Billionaire: Alexander Karp

Alexander Karp

Source of wealth – Technology; Co-founder and CEO of Palantir Technologies, a data analytics and software company.

12. Rihanna ($1.4 billion):

Black Billionaire: Rihanna


Source of wealth – Music, Fashion, Cosmetics; International pop star, founder of Fenty Beauty, and successful fashion entrepreneur.

13. Michael Lee-Chin ($1.4 billion):

Black Billionaire: Michael Lee-Chin

Michael Lee-Chin

Source of wealth – Investments, Financial services; Chairman and CEO of Portland Holdings, with investments in various sectors.

14. Mohammed Ibrahim ($1.2 billion):

Black Billionaire: Mohammed Ibrahim

Mohammed Ibrahim

Source of wealth – Telecommunications, Investments; Founder of Celtel, a mobile telecom company, and active in various philanthropic efforts.

15. Tiger Woods ($1.1 billion):

Black Billionaire: Tiger Woods

Tiger Woods

Source of wealth – Golf, Endorsements; Renowned professional golfer with numerous victories and lucrative endorsement deals.

16. LeBron James ($1 billion):

Black Billionaire: LeBron James

LeBron James

Source of wealth – Basketball, Investments; NBA superstar, entrepreneur, and co-founder of SpringHill Company, a media production company.

17. Tyler Perry ($1 billion):

Black Billionaire: Tyler Perry

Tyler Perry

Source of wealth – Entertainment, Film, Television; Successful actor, playwright, and filmmaker known for his Madea series and ownership of Tyler Perry Studios.

Source: Pulse

Oma Elijah is a Senior News Reporter at Pulse.


IBW21 (The Institute of the Black World 21st Century) is committed to enhancing the capacity of Black communities in the U.S. and globally to achieve cultural, social, economic and political equality and an enhanced quality of life for all marginalized people.