Richest Black Man in the World – Top 10 Billionaire People/Men List 2014
Who is the richest black man? Who are the richest black people in the world? To answer these, this article contains all the details you are looking for on planet Earth. Black people find a place in list of billionaires of the world which is released by Forbes.
Must read: Richest Black Woman in the World
Before preparing this list, I had planned to provide information about top ten richest black men. However, when I checked the data of Forbes magazine, then I could find only seven persons who could qualify. Note that along with the name, I have given the net worth of those people in billion dollars. E.g: $16 Billions, etc. It shows how much wealth a person has.
#1) The Richest Black Man in the World – Aliko Dangote
Net Worth: $25 Billions
Topping this list is Aliko Dangote. Born in Kano which is in the country of Nigeria, Mr. Dangote is the President and CEO of Dangote Group. He is also the founder of this company. According to official website, he established this company back in the year 1981. His company initially ventured into the cement business which turned out to be very fruitful. Today, Dangote Cement is the largest cement manufacturer not only in Nigeria but also in the whole African continent. His company operates cement plants in countries like Ethiopia, Zambia, Cameroon, Republic of Congo, Senegal, South Africa and many others.
His stakes in it enable him to top this top 10 list of Techscio.com. The company which he founded provides employment to nearly 26000 people from his homeland. His wealth makes him the richest person in Nigeria and also a person with more fortune than anyone in the African continent. He obtained his Bachelors degree from much famed Al-Azhar University in Cairo, Egypt.
#2) Sheikh Mohammed Al-Amoudi – From Saudi Arabia
Net Worth: $15.3 Billions
Country: Saudi Arabia and Ethiopia
Born in Ethiopia, Al-Amoudi (also spelled as Muhammad Al-Amudi) migrated to Saudi Arabia along with his father during childhood. According to Forbes Magazine, he made his fortune in Saudi Arabia after getting lucrative contracts of building Universities and complexes and thus establishing himself as a construction tycoon of Middle-East.
When it comes to personal life, his mother is an Ethiopian while his father an Arabian. He has eight children. He also owns oil companies and gold mines across different countries in Africa. This makes him occupy the spot #2 in this list of wealthiest richest black men. Now, he is the chairman of MIDROC which stands for Mohammed International Development Research and Organization Companies. He is also the second richest person in Saudi Arabia. Overall, he ranks #65 on Forbes Billionaires List of 2013.
#3) Mike Adenuga – Third Richest Black Man – From Nigeria
Net Worth: $4.6 Billions
With a net worth of $4.7 Billions, Mike Adenuga is the third richest person on our list. He occupies the second spot on the list of richest Nigerians. His wealth is entirely self-made. He started Globacom in the year 2006 which is a telecommunication company which provides cell phone services.
He is considered to be the richest man in Oyo State. He also ventured out into oil production business and achieved considerable success in it. His company Consolidated Oil Limited became the first one in Nigeria to produce and sell oil at profitable business.
#4) Patrice Motsepe
Net Worth: $2.9
Country: South Africa
South Africa’s richest black man, Patrice Motsepe has a fortune of about $2.9 billions. He started learning business lessons from his father who was a small time businessman in South Africa. He founded a mining company which is African Rainbow Minerals (ARM) and he is the chairman of it. He is one of the South Africa’s richest man.
It is involved in mining and exploration of rare earth materials like platinum. It is also involved in metals like gold, silver, iron, copper, etc. In the month of January 2013, he joined the Giving Pledge which was started by Bill Gates and Warren Buffet, both American billionaires. He has pledged to give half of his profits generated from assets owned by him to charity. He is the fourth on the list of richest black people in the world.
#5) Abdulsamad Rabiu
Net Worth: $1.2 Billion
Another man from Nigeria, Rabiu was much in news for his $500 million cement company to rival fellow Nigerian billionaire Aliko Dangote’s. He was born into a family of businessmen. His father is Nigerian business tycoon Isyaku Rabiu. he does not give much interviews to media and it is widely speculated that he has significant investments and holdings outside Nigeria. He also owns several real estates in countries like South Africa, England and United States.
#6) Mohammed Ibrahim
Net Worth: $1.1 Billion
Country: United Kingdom
Mohammed Ibrahim (also known as Mo Ibrahim) is based in the United Kingdom. Born in Sudan, Mr. Ibrahim started Celtel International in 1988 which is a mobile phone company. It operates in over 23 countries at present. He sold it for $3.4 billions in 2005 to MTC Kuwait.
In 2006, he launched Mo Ibrahim Foundation which aims to create good governance and great leadership in Africa by awarding prizes to efficient leaders. His academic qualifications are unmatched by others in this list. He holds a Bachelor of Science in Electrical Engineering from University of Alexandria and Masters in Electronics and Electrical Engineering from University of Bradford. And finally a Ph.D in Mobile Communications. In fact, he is the richest black engineer in the world.