Dangote, Adenuga Top Forbes List of Black Billionaires

Nigeria business tycoon, Aliko Dangote, is bossing the headlines in the financial circles as he has topped Forbes’s list of world’s black billionaires for the year 2019 with a net worth of $10.9 billion.

Another Nigerian mogul, Mike Adenuga, was listed second on the list with an estimated fortune of $9.1 billion.

According to Forbes, Dangote, who made his fortune from sugar, cement and flour production, is on the verge of launching a private oil refinery in Nigeria which will have a refining capacity of 6,500,000 barrels a day and is expected to reduce the country’s dependence on oil imports.

Second place Adenuga, aside from being the founder and sole owner of Globacom, which has more than 40 million subscribers in Nigeria and neighbouring African countries, built his fortune in oil.

He owns Conoil, one of Nigeria’s first indigenous oil exploration companies in the early 90s.

The third Nigerian on the list is Abdulsamad Rabiu, founder of BUA Group, a Nigerian conglomerate with interests in sugar refining, cement production, real estate, steel, port concessions, manufacturing, oil gas and shipping. He is worth an estimated $1.6 billion.

Folorunsho Alakija, Nigeria’s first female billionaire and the founder of Famfa Oil, also made the list with an estimated fortune of $1.1 billion.

American talk show host, Opray Winfrey, comes in sixth with a net worth of $2.5 billion, while NBA legend Michael Jordan is ninth on $1.9 billion.

Below are names of the 13 richest black people on earth:

  1. Aliko Dangote – Nigerian ($10.9 billion)
  2. Mike Adenuga – Nigerian ($9.1 billion)
  3. Robert Smith – American ($5 billion)
  4. David Steward – American ($3 billion)
  5. Oprah Winfrey – American ($2.5 billion)
  6. Strive Masiyiwa – Zimbabwean ($2.4 billion)
  7. Isabel Dos Santos – Angolan ($2.3 billion)
  8. Patrice Motsepe – South African ($2.3 billion)
  9. Michael Jordan – American ($1.9 billion)
  10. Michael Lee-Chin – Canadian ($1.9 billion)
  11. Abdulsamad Rabiu – Nigerian ($1.6 billion)
  12. Folorunsho Alakija – Nigerian ($1.1 billion)
  13. Mohammed Ibrahim – Sudanese-British ($1.1 billion)
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