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Top 10 Richest Black People In The World

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In a world where success is often measured by wealth, the richest Black people stand out as remarkable figures.

These individuals are pioneers in diverse fields, from business to entertainment, and their achievements not only shatter barriers but also pave the way for others to follow.

Take a look at the top 10 richest Black people in the world:

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David Steward $11.4 billion USA
David Lloyd Steward, born in 1951, is an American billionaire entrepreneur. He is the founder and chairman of World Wide Technology (WWT), which is among the largest African-American-owned companies in the United States. In 2024, Steward was ranked 344th on Forbes’ list of billionaires globally, with an estimated net worth of $11.4 billion.

Aliko Dangote ($11.3 billion)
Aliko Dangote, born on April 10, 1957, is one of the richest Black people in the world. A prominent Nigerian businessman and industrialist, he is notably the first person to build a private oil refinery in Nigeria. As of October 2024, Forbes ranks him as the 211th richest person in the world, with an estimated net worth of $11.2 billion. According to the Bloomberg Billionaires Index, his wealth is estimated at $27.7 billion.

Robert F. Smith ($10.8 billion)
Robert Frederick Smith, born on December 1, 1962, is an American billionaire businessman and philanthropist. He is the founder, chairman, and CEO of Vista Equity Partners, a private equity firm. Smith earned a chemical engineering degree from Cornell University and later an MBA from Columbia Business School. Before founding his company, he worked as an investment banker at Goldman Sachs. In 2019, during a commencement speech at Morehouse College, Smith made headlines when he pledged to cover the entire $34 million in student loan debt for the graduating class of 2019.

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Mike Adenuga ($6.6 billion)
Mike Adenuga, Nigeria’s second wealthiest person, amassed his fortune through telecommunications and oil ventures. His mobile network company, Globacom, is the second-largest in Nigeria, boasting over 60 million subscribers. In addition to telecommunications, Adenuga’s oil company, Conoil Producing, operates six oil blocks in the Niger Delta.

Globacom also established Glo-1, a 6,100-mile submarine internet cable linking the U.K. with Ghana and Portugal. Adenuga holds a 74% stake in publicly traded Conoil and owns just under 6% of Nigerian bank Sterling Financial Holding.

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Abdulsamad Rabiu ($ 4.7 billion)
One of the richest Black people in the world, Abdul Samad Isyaku Rabiu is a prominent Nigerian businessman and philanthropist. As of 2024, he ranks as Nigeria’s third richest man. His father, Khalifah Isyaku Rabiu, was one of Nigeria’s leading industrialists in the 1970s and 1980s. Abdul Samad is the founder and chairman of BUA Group, a Nigerian conglomerate focused on manufacturing, infrastructure, and agriculture, generating over $2.5 billion in revenue. He also serves as the chairman of Nigeria’s Bank of Industry (BOI).

In July 2020, Forbes valued his net worth at $3.2 billion, placing him 716th among the world’s billionaires. By January 2022, he was recognised as Nigeria’s second richest person. In April 2022, he ranked as the fifth-richest person in Africa with a fortune of $6.7 billion, and by January 2023, he climbed to fourth on the continent’s wealthiest list.

READ ALSO: Top 10 Richest Families In America

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Michael Jordan ($3.5 billion)
Widely considered the greatest basketball player of all time, Michael Jordan won six championships with the Chicago Bulls. Throughout his career, his total salary amounted to $90 million, but his earnings from partnerships with brands like Nike, Hanes, and Gatorade have reached an astounding $2.4 billion (before taxes). In 2020, Jordan became a special advisor and investor for the sports-betting company DraftKings and also co-owned a NASCAR team. In 2023, he sold his majority stake in the Charlotte Hornets in a deal that valued the NBA team at $3 billion.

Oprah Winfrey ($3 billion)
Oprah Winfrey turned her 25-year-long talk show into a powerful media and business empire. The profits from her show, combined with earnings from films like ‘The Color Purple’, ‘Beloved’, and ‘Selma’—which were co-produced by her company, Harpo Productions—have brought her wealth to an estimated $2.5 billion.

In 2011, she launched the OWN cable channel and later sold most of her shares in it to Warner Bros. Discovery in 2020, receiving company stock in return.

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In 2015, Winfrey purchased a 10% stake in WeightWatchers, and in 2024, she generously donated her shares to the Smithsonian’s National Museum of African American History and Culture.
Winfrey also owns an extensive real estate portfolio, including homes in California and more than a dozen properties, along with 2,100 acres of land in Hawaii.

Patrice Motsepe ($3 billion)
Patrice Motsepe, founder and chairman of African Rainbow Minerals, became a billionaire in 2008, making history as the first Black African to appear on the Forbes billionaire list. In 2016, he established African Rainbow Capital, a private equity firm focused on investments across Africa. Motsepe also holds a stake in Sanlam, a publicly traded financial services company, and is the owner and president of the Mamelodi Sundowns Football Club.

In March 2021, he was elected president of the Confederation of African Football (CAF), the governing body for soccer on the continent. His business journey began in 1994 when he became the first Black partner at Johannesburg law firm Bowman Gilfillan, later launching a mining services company. In 1997, Motsepe acquired underperforming gold mine shafts, which he successfully turned around.

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Jay-Z ($2.5 billion)
Since becoming hip-hop’s first billionaire in 2019, Jay-Z has significantly increased his wealth, largely due to his successful liquor ventures. In 2021, luxury conglomerate LVMH acquired a 50% stake in his champagne brand, Armand de Brignac, also known as Ace of Spades. In February 2023, he sold a majority of his ownership in his cognac brand, D’Usse, to Bacardi.

Beyond liquor, Jay-Z’s wealth includes assets like an art collection featuring works by Jean-Michel Basquiat, his extensive music catalog, and stakes in companies such as Block and Uber. In 2021, he was inducted into the Rock & Roll Hall of Fame, and in 2022, he won an Emmy for producing the Super Bowl Halftime Show.

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Strive Masiyiwa ($1.8 billion)
Strive Masiyiwa faced huge government resistance when he launched the mobile phone network Econet Wireless Zimbabwe in his home country in 1998. He holds a 38% stake in the publicly traded Econet Wireless Zimbabwe, which is part of his larger Econet Group, as well as about 33% of EcoCash, a mobile money transfer company.

Masiyiwa also has an investment in Liquid Intelligent Technologies, a private firm that offers fiber optic and cloud services to telecom companies throughout Africa. His portfolio includes investments in fintech and power distribution companies across the continent, along with stock options in Netflix, where he has been a board member since December 2020. He and his wife, Tsitsi, founded the Higherlife Foundation, which assists orphaned and underprivileged children in Zimbabwe, South Africa, Burundi, and Lesotho.

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Voters In Turkish Cyprus Reject Erdogan-backed Leader In Presidential Election

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The breakaway territory of northern Cyprus has voted overwhelmingly to replace its outgoing leader, who had the backing of Turkish President Recep Tayyip Erdogan, election officials said Sunday.

Almost 63 per cent of voters in the territory, whose claim to statehood is recognised only by Turkey, backed former prime minister Tufan Erhurman as next president at the expense of Turkey’s pick, Ersin Tatar, who polled 35 per cent.

Cyprus has been divided since 1974, when a Turkish invasion following a coup in Nicosia backed by Greece’s then-military junta eventually led to the creation of the Turkish Republic of Northern Cyprus in 1983.

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The internationally recognised Republic of Cyprus, a member of the European Union, controls the island’s majority Greek Cypriot south.

While Tatar has toed the Turkish line of two separate states on Cyprus, Erhurman has indicated he favours a federal state that would include both sides of the island.

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Erhurman said there were no losers in the election and that “the Turkish Cypriot people have won together”.

READ ALSO:Turkey Deports 103 Nigerians

“I will exercise my responsibilities, notably in terms of foreign policy, in consultation with the Republic of Turkey,” he said, trying to soothe concerns from Ankara that he may try to break away.

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Erdogan congratulated Erhurman in a post on social media, adding that Turkey would “continue to defend the rights and sovereign interests” of the breakaway territory.

The last major round of peace talks to negotiate a settlement to the island’s divided status collapsed in Switzerland in 2017.

The leaders of both sides met in July at the UN headquarters in New York for talks that were hailed as “constructive” by UN chief Antonio Guterres.

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Thieves Steal French Crown Jewels From Louvre In Daytime Raid

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Thieves wielding power tools raided the Louvre in broad daylight Sunday, taking just seven minutes to grab some of France’s priceless crown jewels, but dropping a gem-encrusted crown as they fled, officials and sources said.

Authorities recovered the 19th-century crown — damaged — near the museum.

The spectacular heist, one of several to target French museums in recent months, forced the closure of the Louvre, the world’s most-visited museum and home to the Mona Lisa.

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President Emmanuel Macron posted on social media that “everything is being done” to catch the perpetrators and recover the stolen items.

Police are looking for a team of four thieves, Paris’s chief prosecutor Laure Beccuau told the BFMTV channel.

Soldiers patrolled the famed glass pyramid entrance, while evacuated visitors, tourists and passersby were kept at a distance behind police tape.

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It was “like a Hollywood movie”, one American tourist, Talia Ocampo, told AFP.

It was “crazy” and “something we won’t forget — we could not go to the Louvre because there was a robbery”, she said.

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A culture ministry statement said eight items of jewellery had been stolen from the Gallerie Apollon that houses the French crown jewels.

“Two high-security display cases were targeted, and eight objects of invaluable cultural heritage were stolen,” said the ministry statement.

They included the emerald-and-diamond necklace that Napoleon gave his wife Empress Marie Louise, and the crown of Empress Eugenie, the wife of Napoleon III.

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Beccuau said the thieves had threatened museum guards with the angle grinders they used to break into the jewellery cases.

A team of 60 investigators was working on the case, she added.

– ‘Unsellable’ –

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The robbers used a powered, extendable ladder of the sort used to hoist furniture into buildings to get into a gilded gallery housing the crown jewels, said officials.

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Eugenie’s crown was recovered after the thieves dropped it as they made their escape, said the culture ministry statement.

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The crown, featuring golden eagles, is covered in 1,354 diamonds and 56 emeralds, according to the museum’s website.

Interior Minister Laurent Nunez said the thieves had used the furniture hoist to steal “priceless” items from two displays in the museum’s “Galerie d’Apollon” (“Apollo’s Gallery”).

The items stolen also included a necklace from the sapphire jewellery of Queen Marie Amelie and Queen Hortense and a pair of emerald earrings that once belonged to Marie Louise, said the culture ministry.

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The thieves arrived between 9:30 and 9:40 am (0730 and 0740 GMT), the source following the case said, shortly after the museum opened to the public at 9:00 am.

One police source said the robbers had ridden up on a scooter armed with angle grinders and used the furniture hoist to get inside the Louvre.

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A witness named Samir, who was riding a bicycle nearby at the time, told the TF1 channel that he saw two men “get on the hoist, break the window and enter… it took 30 seconds”.

He said he saw four of them leave on scooters, and he called the police.

The robbery happened just 800 metres (half a mile) from Paris police headquarters.

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The Louvre’s management told AFP it had closed because it wanted to “preserve traces and clues for the investigation”.

The director of the Drouot auction house told the LCI broadcaster he feared the jewels would be broken down into gems and precious metal to be sold, as they would be “completely unsellable in their current state”.

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– ‘Great vulnerability’ –

The Louvre used to be the seat of French kings until Louis XIV abandoned it for Versailles in the late 1600s.

It is the world’s most visited museum, last year welcoming nine million people to its extensive hallways and galleries.

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Nunez, the capital’s former police chief who became interior minister last week, said he was aware of “a great vulnerability” in museum security in France.

Last month, criminals used an angle grinder to break into Paris’s Natural History Museum, making off with gold samples worth 600,000 euros ($700,000).

Thieves earlier in the month stole two dishes and a vase from a museum in the central city of Limoges, the losses estimated at 6.5 million euros.

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Last year, four thieves stole snuffboxes and other artifacts from another Paris museum, breaking into a display case with axes and baseball bats.

But thefts from the Louvre have been rarer.

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A painting by French painter Camille Corot disappeared from the museum in 1998 and has never been recovered.

In 1911, an Italian worker at the museum stole the Mona Lisa, but it was recovered and today sits behind security glass.

Macron in January pledged the Louvre would be redesigned after its director voiced alarm about dire conditions inside. On Sunday, he said that that project included reinforced security.

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Dati said Sunday that new security measures would be part of the renovation plan.

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Pope Leo Creates Seven New Saints In Historic Vatican Ceremony

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Bells rang out Sunday over St Peter’s Square as Pope Leo XIV created seven new saints, including the first from Papua New Guinea, an archbishop killed in the Armenian genocide, and a Venezuelan “doctor of the poor.”

Also canonised during the solemn ceremony, under sunny skies in the vast plaza on World Mission Day, were three nuns who dedicated their lives to the poor and sick and former Satanic priest Bartolo Longo.

The Italian lawyer born in 1841 subsequently rejoined the Catholic faith and went on to found the Pontifical Shrine of the Blessed Virgin of the Rosary of Pompeii.

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“Today we have before us seven witnesses, the new Saints, who, with God’s grace, kept the lamp of faith burning,” Leo told an audience the Vatican estimated at some 55,000 people.

READ ALSO:Pope Leo XIV Urges End To Exploitation And Hatred In First Address As Pontiff

May their intercession assist us in our trials and their example inspire us in our shared vocation to holiness,” he said during his homily.

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Huge portraits of the seven were unfurled from windows over the square as Leo, the first US pope, exited St Peter’s Basilica dressed in a ceremonial white cassock with a white mitre on his head, preceded by white-clad bishops and cardinals.

Cardinal Marcello Semeraro, prefect of the Dicastery for the Causes of Saints—the Vatican department charged with beatification and canonisation—read aloud profiles of the seven to applause from the crowd.

With Leo’s reading of the canonisation formula, they were officially declared saints.

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In his homily, Leo described the new saints as either “martyrs for their faith,” “evangelisers and missionaries,” “charismatic founders” of congregations, or “benefactors of humanity.”

READ ALSO:Pope Leo XIV Declares Friday Global Prayer, Fasting Day For Peace

The rite of canonisation was the second for the former Robert Prevost since he was made leader of the Catholic Church on May 8.

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Last month, he proclaimed as saints Italians Carlo Acutis—a teenager dubbed “God’s Influencer” who spread the faith online before his death at age 15 in 2006—and Pier Giorgio Frassati, considered a model of charity who died in 1925, aged 24.

Canonisation is the final step towards sainthood in the Catholic Church, following beatification.

Three conditions are required—most crucially that the individual has performed at least two miracles. He or she must be deceased for at least five years and have led an exemplary Christian life.

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READ ALSO:‘I’m Deeply Pained,’ Pope Leo XIV Emotionally Begs World Leaders To End Wars In Ukraine, Gaza

Martyrs, humanitarians

Along with Longo, those made saints Sunday were Peter To Rot, a lay catechist from Papua New Guinea killed during the Japanese occupation during World War II, Armenian bishop Ignazio Choukrallah Maloyan, killed by Turkish forces in 1915, and Venezuela’s Jose Gregorio Hernandez Cisneros, a layman who died in 1919, whom the late Pope Francis called a “doctor close to the weakest.”

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Also from Venezuela was Maria Carmen Elena Rendiles Martinez, a nun born without a left arm who overcame her disability to found the Congregation of the Servants of Jesus before her death in 1977. She becomes the South American country’s first female saint.

The Italian nuns canonised are Vincenza Maria Poloni, the 19th-century founder of Verona’s Institute of the Sisters of Mercy, which cares primarily for the sick in hospitals, and Maria Troncatti of the Daughters of Mary Help of Christians.

In the 1920s, Troncatti arrived in Ecuador to devote her life to helping its indigenous population.

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