list of the World’s Black Billionaires 2019 by Forbes

13 black persons were among the 2,153 people on Forbes list of the World’s Billionaires in year 2019, as BUA Group chairman, Abdulsamad Rabiu, Mike Adenuga, Folorunsho Alakija and Aliko Dangote make the lists.

Nigeria’s Aliko Dangote is still leading as the richest black person in the world with a fortune estimated at $10.9 billion. He’s closely followed by Nigerian oil and telecoms mogul Mike Adenuga.

Mr Rabiu’s worth of $1.6 makes him the third richest Nigerian, after Messrs Dangote and Adenuga. Oil mogul, Folorunsho Alakija trails behind Mr Rabiu with a net worth of $1.1 billion.

American businessman, David Stewart, who is the majority owner of World Wide Technology, an $11.2 billion (sales) IT provider, whose customers include Citi, Verizon and the federal government, joins the Black Billionaires Club with a fortune Forbes estimates at $3 billion.

Robert Smith, a former Goldman Sachs executive, is the founder of private equity firm Vista Equity Partners that focuses exclusively on investing in software companies. The firm has more than $30 billion in assets and is one of the best-performing private equity firms, posting annualized returns of 22% since inception.

Below is the list of the 13 richest black people on earth, where they come from, and their area of business:

1. Aliko Dangote, $10.9 billion (Nigerian, Sugar, Cement, Flour)

2. Mike Adenuga, $9.1 billion (Nigerian, Oil, Telecoms)

3. Robert Smith, $5 billion (American, Private Equity)

4. David Steward, $ 3 billion (American, Tech)

5. Oprah Winfrey, $2.5 billion (American, Television)

6. Strive Masiyiwa, $2.4 billion (Zimbabwean, Telecoms)

7.Isabel Dos Santos, $2.3 billion (Angolan, Investments)

8. Patrice Motsepe, $2.3 billion (South African, Mining)

9. Michael Jordan, $1.9 billion (American, Basketball)

10. Michael Lee-Chin, $1.9 billion (Canadian, Investments)

11. Abdulsamad Rabiu, $1.6 billion ( Nigerian, Cement, Sugar)

12. Folorunsho Alakija, $1.1 billion (Nigerian, Oil)

13. Mohammed Ibrahim, $1.1 billion (Sudanese-British, Mobile Telecoms, Investments)

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