That’s a rise from 9 black billionaires a year earlier, Forbes credit reports.
3 of the 11 black Forbes List billionaires are ladies, and also 2 of the 3 ladies are African. The 3rd is a U.S. person with heavy passions in South Africa.
This year, 2 brand-new billionaires signed up with the rankings of the wealthiest black individuals in the world– one U.S. resident and also one Nigerian.
Nigeria is the clear standout when it comes to billionaires. Almost half the wealthiest blacks on the planet are Nigerian.
Check out our list. Of the world’s 11 black billionaires, 9 are African.
1. Mike Adenuga, $4 billion Nigerian, Oil
Maker of many fortunes, Adenuga made his first fortune selling Coca-Cola and lace after returning from studying in the U.S. He made friends with Nigerian military leaders and landed government contracts. His mobile telecommunications company, Globacom, is the Nigeria’s second largest after South Africa’s MTN. He owns Conoil, one of Nigeria’s largest indigenous oil exploration companies.
2. Aliko Dangote, $15.7 billion Nigerian, Sugar, Cement, Flour
Still the richest black person in the world, Dangote has lost close to $10 billion since March 2014. Devaluation of the naira and falling stock prices hurt his four publicly-listed companies, but not his ranking on this list. Dangote, 57, made his first fortune selling cement, sugar and flour, and his second manufacturing them. Dangote Cement is Africa’s largest cement manufacturer, and is worth $15 billion. Dangote is building an oil refinery, due for completion in 2016 with a 400,000-barrels-a-day capacity. He hopes to reduce Nigeria’s dependence on oil imports.
3. Mohammed Al-Amoudi, $10.9 billion – Construction, Oil
4. Oprah Winfrey, $2.9 billion – U.S., TV
After filming a Christmas program in South Africa, she established the Oprah Winfrey Leadership Academy for Girls near Johannesburg. Her generosity included celebrating the start of her 20th season on national TV by giving everyone in the studio audience a new Pontiac automobile, according to Achievement.org
5. Patrice Motsepe, $2.1 billion – South African, Mining
South Africa’s first black billionaire, Patrice Motsepe founded African Rainbow Minerals, a publicly traded firm that mines and processes gold, platinum, coal, iron, manganese, chrome, copper and nickel. Motsepe is also president and owner of the Mamelodi Sundowns Football Club, and owns a stake in Sanlam, a listed financial services firm.
His entrepreneurial spirit emerged as a child when he would wake early to sell alcohol to mine workers at his father’s shop, according to BlackEntrepreneur. “I must have been about 8 when my dad said one day, ‘We make so much money when you’re behind the counter you should take over the business when you grow up.’” He clearly over reached.
6. Folorunsho Alakija, $1.9 billion – Nigerian, Oil
Nigeria’s only female billionaire started out as a secretary in a Nigerian bank in the 1970s, then quit her job to study fashion design in England. She founded a Nigerian fashion label catering to wealthy clients including first ladies. She founded Famfa Oil, a Nigerian company with a substantial ownership interest in OML 127, an oil block on the Agbami deep water oilfield in Nigeria.
Here’s some wisdom from Alakija in an AfricaTopSuccess story: “money has nothing to do with love. Love comes from inside. Money is something that we acquire over time. Love is all that unites us from the beginning … it is 40 years since my husband and I have known each other.”
7. Mo Ibrahim, $1.1 billion
Sudanese/British, Mobile Telecoms, Investments
8. Michael Jordan, $1 billion U.S., Basketball
9. Femi Otedola, $1 billion Nigerian, Gas stations
Otedola, 50, got rich with power generation and gas station ownership. He’s controlling shareholder of Forte Oil, one of West Africa’s largest downstream oil companies, with a market capitalization of $1 billion. The company manufactures its own line of engine oils, and owns fuel storage depots and gas stations. He’s new to the Forbes list this year.
10. Abdulsamad Rabiu, $1 billion Nigerian, Cement, Sugar
Rabiu founded BUA Group, a Nigerian conglomerate of shipping, manufacturing, oil and gas, sugar refineries, cement production, real estate, steel and port concessions. The group has annual revenues in excess of $2 billion. Abdulsamad started out working for his father, Isyaku Rabiu, a successful businessman in Northern Nigeria before striking out on his own. In 1988, he started importing steel and iron, edible oils, sugar and rice.
11. Isabel Dos Santos, $3.3 billion – Angolan, Investments
The oldest daughter of Angola’s president, Jose Eduardo dos Santos, she’s the world’s richest black woman. Her connections to power helped her accumulate stakes in blue-chip Angolan companies, according to Forbes. In Portugal she also owns nearly 7 percent of oil and gas firm Galp Energia along with Portuguese billionaire Americo Amorim. Her assets include a stake in Banco BIC, and 25-percent of Unitel, the largest mobile phone network in Angola.
Here’s what dos Santos said in a FinancialTimes interview: “I don’t do politics. I do business and I’m not a politician. I’ve had business sense since I was very young. I sold chicken eggs when I was 6.”