Forbes magazine recently released its list of billionaires, and among 1,226 who made the list, six of them are black.
Despite lackluster ratings and a rocky start, Oprah Winfrey still makes the cut. The media mogul and philanthropist is worth a whopping $2.7 billion, and is still the wealthiest black woman in the world.
Ethiopian-born oil barron Mohammed Al-Amoudi tops the list of black billionaires with a net worth of approximately $12.5 billion. Although he migrated to Saudi Arabia as a child, he remains committed to Ethiopia. Al-Amoudi recently invested $3.4 billion in the country, and he owns a 5-star hotel in Addis.
Nigerian Aliko Dangote topped the black billionaires list last year, but because of the down stock market, he slipped to second place. Dangote is Africa’s richest man, worth about $11.2 billion. Dangote’s investment firm, the Dangote Group, is the country’s largest conglomerate, with investment in Nigeria, Zambia, Senegal, Tanzania and South Africa.
Also from Nigeria, oil and telecom investor Mike Adenuga is one of Africa’s wealthiest men.Worth $4.3 billion, Adenuga is at the helm of Conoil Producing Company, Nigeria’s largest home-grown oil exploration company.
South Africa touts its first black billionaire in Patrice Motsepe. The lawyer turned businessman is worth $2.7 billion and is the Executive chairman and part owner of African Rainbow Mineral. Motsepe also owns part of Mamelodi Sundowns, a South African football (soccer) club.
Sudanese-born telecom giant Mo Ibrahim is not only wealthy (he’s worth $1.1 billion), but he’s also concerned about Africa’s future. Although he lives in the UK, Ibrahim donates $5 million a year to democratically-elected African leaders who are serious about democracy and fair leadership. Additionally, Ibrahim founded Satya Capital, a private equites firm that invests solely in African companies.