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Top 10 Richest Black People In The World

Published

11 months ago

October 21, 2024

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:

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.

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.

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.

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.

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.

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.

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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Daniel Levy Makes Shock Decision To Quit As Spurs Chairman

Published

6 hours ago

September 4, 2025

Editor

Daniel Levy stepped down as Tottenham executive chairman in a shock move on Thursday after a controversial reign lasting nearly 25 years.

Levy was the driving force behind Tottenham’s £1.2 billion ($1.6 billion) stadium and state of the art training centre.

But the 63-year-old was a polarising figure among Tottenham fans, with numerous protests against him during difficult spell for the Premier League team.

Levy, who was the longest-serving chairman in the Premier League, had come under fire more than ever over the last few seasons.

A series of failed managerial appointments and the club’s transfer policy infuriated supporters and turned up the heat on Levy, who was accused of caring more about the club’s financial profits than success on the pitch.

Tottenham endured their worst top-flight finish since 1976-77 last season, coming 17th before salvaging the campaign by winning the Europa League to qualify for the Champions League.

That success — which ended Tottenham’s 17-year trophy drought — was not enough to spare boss Ange Postecoglou from Levy’s wrath as the Australian was sacked after two turbulent seasons in charge.

Levy hired Thomas Frank from Brentford to replace Postecoglou in the last significant decision of his reign.

“I am incredibly proud of the work I have done together with the executive team and all our employees. We have built this club into a global heavyweight competing at the highest level,” Levy said in a statement.

“More than that, we have built a community. I was lucky enough to work with some of the greatest people in this sport, from the team at Lilywhite House and Hotspur Way to all the players and managers over the years.

“I wish to thank all the fans that have supported me over the years. It hasn’t always been an easy journey but significant progress has been made. I will continue to support this club passionately.”

Vinai Venkatesham was hired as Tottenham’s chief executive officer in April, while Peter Charrington joined the board in March and will step into the newly created role of Non-Executive Chairman.

– ‘A new era of leadership’ –

“I am very honoured to become Non-Executive Chairman of this extraordinary Club and, on behalf of the Board, I would like to thank Daniel and his family for their commitment and loyalty to the Club over so many years,” Charrington said.

“This is a new era of leadership for the club, on and off the pitch. I do recognise there has been a lot of change in recent months as we put in place new foundations for the future.

“We are now fully focused on stability and empowering our talented people across the Club, led by Vinai and his executive team.”

Since Levy took the reins in 2001, Tottenham had won just two trophies, with the 2008 League Cup followed by the long wait that ended with last season’s Europa League final victory over Manchester United.

Levy became renowned for his ruthless sacking of managers as the likes of Jose Mourinho, Antonio Conte, Mauricio Pochettino and Nuno Espirito Santo were dismissed.

Tottenham’s best period under Levy came during Pochettino’s spell.

The Argentine led Tottenham to three successive top three finishes in the Premier League and reached the 2019 Champions League final.

Even Pochettino couldn’t escape Levy’s axe, but the spotlight eventually turned on the chairman.

Tottenham fans were furious as their side spluttering badly last season and a difficult summer transfer window, which saw the club miss out on Morgan Gibbs-White and Eberechi Eze only increased the pressure on Levy.

One banner displayed last season at Levy’s pride and joy — the gleaming 62,000-capacity stadium that opened in 2019 — summed up the divisive nature of his reign.

“24 years, 16 managers, 1 trophy – time for change” it said.

While Tottenham eventually added a trophy to that meagre haul in the Levy era, the disillusioned supporters have finally got their wish.

There will be no changes to the ownership or shareholder structure of the club following Levy’s departure.

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Boeing Seeks New Workers To Replace Striking Union Staff In U.S

Published

6 hours ago

September 4, 2025

Editor

Boeing workers down tools, halting 737 MAX production
Boeing is launching a recruitment drive to find “permanent” manufacturing workers to replace US union employees who went on strike last month, the company said Thursday.

The company is posting job requirements for the roles and plans a job fair on September 16, Boeing vice president Dan Gillian said in an email to staff seen by AFP.

About 3,200 employees based in the midwestern states of Missouri and Illinois walked off the job on August 4 after voting down a contract.

Gillian said Boeing has maintained its pace of deliveries and testing related to new product development since the strike began, but that it was moving to the “next step in our contingency plan” due to the lack of progress on negotiations.

“We have consistently communicated we are willing to consider changes to our best and final offer that are within the current economic framework,” Gillian said. “Unfortunately, the union continues to demand more of everything while also saying it has no control over what it will take to end the strike, driving the parties further apart.”

The International Association of Machinists & Aerospace did not immediately reply to a response for comment.

Earlier Thursday, the union said on the X social media platform that it wanted more than just “minor adjustments” to pay and benefits

“Boeing says they won’t do any better. IAM members in Saint Louis say we won’t accept that,” the union said on X.

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Nigeria, China Strengthen Ties On Marine, Blue Economy Devt

Published

6 hours ago

September 4, 2025

Editor

The Federal Government of Nigeria and the People’s Republic of China have reaffirmed commitments to partner for the advancement and sustainability of Nigeria’s marine and blue economy.

Mr Adegboyega Oyetola, Minister of Marine and Blue Economy, said this on Thursday, when he received the Chinese Ambassador to Nigeria, Yu Dunhai, at the Ministry’s headquarters in Abuja.

The News Agency of Nigeria (NAN) reports that the visit underscores the growing recognition of the marine and blue economy as a critical driver of sustainable growth and a cornerstone for Nigeria–China strategic partnership.

Oyetola commended the long-standing bilateral relationship between Nigeria and China, describing it as mutually beneficial and pivotal to the economic growth of both nations.

He called for further strengthening of the bilateral relationship particularly in marine resource management, port development, and capacity building

The minister explained that Nigeria, with its extensive coastline and rich maritime resources, was strategically positioned to become a hub for marine trade, logistics, and investment in Africa.

According to him, Nigeria’s maritime domain holds immense potential for shipping, port operations, fisheries, renewable ocean energy, marine tourism, and the development of coastal infrastructure.

“The marine and blue economy sector is a frontier for wealth creation, job opportunities, and sustainable development if properly harnessed.

“Our ministry is determined to create the right framework for investment and partnership, and we believe that Nigeria has a lot to learn from China’s marine and blue economy development model.”

Oyetola added that the Federal Government was seeking collaboration with China in tackling illegal, unreported, and unregulated fishing, which undermined Nigeria’s economic and food security.

This, he said, would enhance Nigeria’s food security while contributing significantly to foreign exchange earnings.

He also noted that Nigeria’s marine and blue economy presented tremendous opportunities for investors, and with China’s cooperation, new potential for wealth creation and generation was guaranteed for the benefit of Nigerians.

Speaking earlier, Dunhai said that his visit to the ministry was in furtherance of the strong partnership between China and Nigeria.

He lauded Nigeria’s vast maritime endowment and reaffirmed China’s readiness to harness its marine and blue economy potential.

He recalled that exactly one year ago, President Bola Tinubu paid a state visit to China, where he met with President Xi Jinping of China.

According to Dunhai, the visit has made a significant impact on both nations’ economies, especially in deepening cooperation in trade, infrastructure, and industrial development.

He also highlighted the Lekki Deep Seaport, constructed by China Harbour Engineering Company, as an example of Sino-Nigerian collaboration.

“The Lekki Deep Seaport is Nigeria’s first deep seaport and one of the largest in West Africa capable of handling ultra-large container vessels and significantly boosting Nigeria’s trade volume.

“The Lekki project created thousands of direct and indirect jobs, eased congestion at Lagos ports, ensured faster cargo clearance, and positioned Nigeria as a key maritime hub in West and Central Africa.

“The port is expected to generate billions of dollars in revenue over its concession period, making it a vital contributor to Nigeria’s economic growth,” he said.

Dunhai added that the marine and blue economy was the future of any economy.

He disclosed that an agreement was underway for the export of Nigerian aquacultural products to China, which would open new markets for local producers and strengthen food trade ties between the two nations.

He reiterated China’s approval of zero tariffs on Nigeria’s aquaculture exports to the Chinese market, a move he described as a testament to China’s commitment to deepening economic cooperation.