18 Wealthiest Black Billionaires in the World

By Chioma Uchenwoke

18 - TYLER PERRY

Net Worth: $1 Billion Industry: Media Source: Tyler Perry Studios

Country of Residence:

United States

Tyler Perry is an eminent writer, actor, director and producer. He has created successful TV series, directed several box offi ce hits and appreaed in many feature fi lm. He launched Tyler Perry Studios in Atlanta, GA USA in 2019.

Tyler Perry YouTube

17 - NGINA KENYATTA

Net Worth: $1 Billion Industry: Diversifi ed businesses

Country of Residence:

Kenya

Ngina Kenyatta, widow of Kenya's fi rst president Jomo Kenyatta, has investments in the banking, hospitality, real estate and manufcturing sectors. She is in charge of her family's business empire which includes: prime land in Kenya, stakes in Brookside Dairy, Commercial Bank of Africa and Heritage Hotel.

Ngina Kenya a infos15.com

16 - JAY-Z

Net Worth: $1 Billion Industry: Diversifi ed businesses Source: Roc Nation Sports, 40/40 Club, Rocawear, Tidal

Country of Residence:

United Sttes

Shawn Carter, known

Shawn Carter Billboard professionally as Jay-Z, is widely rated as one of the most infl uential rap artists in the world. He has sold over 50 million albums and 75 million singles. He launched his clothing line, Rocawear, in 1999. He has also launched the luxury sports bar chain, the 40/40 Club. Jay-Z is an owner of entertainment company Roc Nation and streaming service Tidal.

15 - FOLORUNSHO ALAKIJA

Net Worth: $1 Billion Industry: Diversifi ed businesses Source: Rose of Sharon Group, Famfa Oil Limited

Country of Residence:

Nigeria

Folorunsho Alakija has established herself in the oil, printing, real estate Folorunsho Alakija and fashion industries. The Guardian Nigeria She is the managing director of Rose of Sharon Group (Digital Reality Prints Limited, Rose of Sharon Prints and Promotions Limited) and is a major stakeholder in Dayspring Property Development Company.

14 - STRIVE MASIYIWA

Net Worth: $1.1 Billion

Industry:

Telecommunications Source: Econet Global

Country of Residence:

United Kingdom

The Zimbabwean businessman and philantrhopist gained global recognition as Strive Masiyiwa the owner and executive furtherafrica.com chairman of Econet Global, an international technology group. He founded the mobile phone company Econet

Wireless in Zimbabwe in 1998. He also has stakes in Liquid Telecom and mobile phone networks in Lesotho and Burundi.

13 - MO IBRAHIM

Net Worth: $1.1 Billion

Industry:

Comemuications

Source:

Mo Ibrahim Foundation

Country of Residence:

United Kingdom Mo Ibrahim

The Sudanese- africabusiness2020.com British businessman had tremendous success in telecommunications. He sold his telecommunications fi rm Celtel International in 2005 for $3.4 billion. Since that time he has established the Mo Ibrahim Foundation to focus on fi ghting corrupt leadership in African nations.

12 - KANYE WEST

Net Worth: $1.3 Billion Industry: Music, Fashion, Retail Source: DONDA, Adidas Yeezy Country of Residence: United States

Kanye West made his wealth from his works as a Rap artist, record producer, and fashion designer. He has worldwide sales of over 20 million albums and 140 million singles. He is owner of DONDA, a creative content company. He collaborates with Adidas on fashion line Adidas Yeezy and with Louis Vuitton and Nike.

Kanye West thethings.com

11 - MOHAMMED DEWJI

Net Worth: $1.6 Billion Industry: Diversifi ed businesses Source: METL Country of Residence: Tanzania

A Tanzania businesman who owns

Mohammed Dewji Hindustan Times Mohammed Enterprises Tanzania Limited (METL) that was founded by his father in the 1970's. He joined the fi rm in management roles after graduating from Georgetown University, Washington, DC USA. He has gone on to builld the METL Group into Tanzania's largest privately owned conglomerate with stakes in mobile telephony, food and beverages, manufacturing, banking, transport, and logistics companies.

10 - MICHAEL LEE-CHIN

Net Worth: $1.6 Billion Industry: Investment Source: Portland Holdings Inc.

Country of Residence:

Canada

The Jamaican-Canadia businessman made the majority of his wealth through investments as he is the chairman and CEO of Portland Holdings Inc., a private investment company currently situated in Ontario, Canada. He presently has a 65% stake in National Commercial Bank Jamaica and serves as the owner of many other companies.

Michael Lee-Chin thebusinessyear.com

9 - MICHAEL JORDAN

Net Worth: $1.6 Billion Industry: Sport Source: Charlotte Hornets. Country of Residence: United States

Michael Jordan is a retired professional American basketball player and entrepreneur. He earned a hugh fortune from sponsorship deals and still earns from the likes of Nike, Gatorade and Hanes.He pocketed a total playing salary of $90 million and raked in an estimated $1.8 billion (pre-tax) from corporate partnerships. He became part-owner of the Charlotte Hornets in 2006 and later bought a majority stake in the franchinse with an estimated value of $175 million.

Michael Jordan The Federalist

Billionairs from page 19

Net Worth: $1.7 Billion Industry: Banking, Investment Source: Unitel International Holdings, Santoro Finance, Esperaza Holdings

Country of Residence:

United Arab Emirates

Isabel dos Santos is an Angolan businesswoman. She is also the eldest chilkd of former Angolan President José Eduardo dos Santos. She made her wealth by purchasing stakes in companies in Angola. Besides having stakes in Angolan companies she is also a shareholder in several Protuguese companies.

Isabel dos Santos The Grio

7 - OPRAH WINFREY

Net Worth: $2.6 Billion Industry: Media Source: Harpo Productions, Oprah Winfrey Network

Country of

Residence: United States Oprah Winfrey has Oprah Winfrey The Grio been making waves in the entertainmnet industry for over four decades. She gained international recognition as the host of her highly rated eponymous talk show that went into syndication in 1986 and ran for 25 years.

She launched her own company, Oprah Winfrey Network, in 2008. The media magnet is chairman and CEO of Harpo Productions.

6 - PATRICE MOTSEPE

Net Worth: $2.9 Billion Industry: Mining, Investment, Sport Source: Portland Holdings Inc. Country of Residence: Canada

Patrice Motsepe is popularly known as the founder and chairman of African Rainbow

Patrice Motsepe www.702.co.za Minerals that deals in gold, platinum, ferrous metals, and base metals. He established African Rainbow Capital in 2016. It is a private equity fi rm that focuses on investing in Africa.

5 - DAVID STEWARD

Net Worth: $3.7 Billion Industry: Technology Source: World Wide Technology Country of Residence: United States

David Steward founded IT provider World Wide Technology in 1990. Prior to that, he worked as a sales representative at Missouri Pacifi c Railroad Company for four years and also as a Federal Express senior account executive for fi ve years. He moved on to own Transport Administrative Services and Transport Business Specialists before establishing World Wide Technology.

David Steward brooksysociety.com

4 - ROBERT F. SMITH

Net Worth: $5.2 Billion Industry: Finance, Investment Source: Vista Equity Partners Country of Residence: United States

In the year 2000 Robert Smith launched a private equity company, Vista Equity Partners that focuses soley on software companies. The fi rm is Robert F. Smith considered as one of the highest www.amazon.com/ performing private equity fi rms books as it has more than $50 billion in assets. As such, he made the 2018 Vanity Fair 's New Establishment List that recognizes individuals that have made impressive business innovations.

3 - ABDULSAMAD RABIU

Net Worth: $5.6 Billion Industry: Diversifi ed businesses Source: BUA Group Country of Residence: Nigeria

Abdulsamad Rabiu is the son of Khalifah Isyaku Rabiu - one of Nigeria's foremost industrialists in