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Top 10 Richest Black People In The World
Published
9 months agoon
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Editor
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.
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Mike Adenuga ($6.6 billion)
Mike Adenuga, Nigeria’s second wealthiest person, amassed his fortune through telecommunications and oil ventures. His mobile network company, Globacom, is the second-largest in Nigeria, boasting over 60 million subscribers. In addition to telecommunications, Adenuga’s oil company, Conoil Producing, operates six oil blocks in the Niger Delta.
Globacom also established Glo-1, a 6,100-mile submarine internet cable linking the U.K. with Ghana and Portugal. Adenuga holds a 74% stake in publicly traded Conoil and owns just under 6% of Nigerian bank Sterling Financial Holding.
Abdulsamad Rabiu ($ 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.
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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.
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.
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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Headline
Nigerian Man Jailed In US For $1.3m COVID-19 Fraud
Published
3 hours agoon
July 12, 2025By
Editor
A Nigerian man living in the San Gabriel Valley, Abiola Femi Quadri, was sentenced to 135 months in federal prison for defrauding California and Nevada out of $1.3m in COVID-19 pandemic unemployment and disability insurance benefits.
Quadri, 43, was caught submitting more than 100 fraudulent applications using stolen identities and using the money to build a nightclub and mall in Nigeria.
He was sentenced by United States District Judge George H. Wu, who also ordered him to pay $1,356,229 in restitution and a $35,000 fine.
This was contained in a press statement issued by the Public Information Officer, United States Attorney’s Office, Central District of California, Ciaran McEvoy, on Thursday, July 10, 2025.
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Quadri is a Nigerian citizen who acquired permanent residency in the United States through what he described, according to court documents, as a “fake wedding” in messages to a woman who was not his wife.
He pleaded guilty on January 2 to one count of conspiracy to commit bank fraud.
The statement read, “Quadri withdrew the fraudulent unemployment and disability benefits at ATMs from 2021 until his arrest in September 2024 at Los Angeles International Airport, where he was scheduled to fly to Nigeria. Quadri sent at least $500,000 abroad during the scheme.
“He also paid for the construction of a 120-room resort hotel in Nigeria, the Oyins International, which includes a nightclub, a mall, and additional high-end amenities.
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“Quadri failed to disclose his ownership of the hotel as required when completing his financial disclosure to the court.”
Investigators found on Quadri’s phone images of 17 counterfeit checks totalling more than $3.3m, along with messages about negotiating the checks.
Some of the checks were made payable to shell businesses held in the names of Quadri’s aliases.
California paid Quadri to provide daycare services to developmentally disabled children through his Altadena-based business, Rock of Peace.
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When agents searched Quadri’s residence, they found the children’s misappropriated food-aid debit cards.
The United States Postal Inspection Service, Homeland Security Investigations, and the California Employment Development Department Investigation Division investigated this matter.
Assistant United States Attorney Andrew Brown of the Major Frauds Section prosecuted the case.
Headline
Palestinian-American Beaten To Death By Israeli Settlers In Occupied West Bank
Published
8 hours agoon
July 12, 2025By
Editor
…another man shot dead
Israeli settlers killed a 20-year-old Palestinian-American man in the West Bank, according to the Palestinian Ministry of Health and an eyewitness, as settler violence against Palestinians ramps up in the occupied territory.
The twenty-year-old Sayfollah Musallet “was martyred after being severely beaten all over his body by settlers in the town of Sinjil, north of Ramallah,” the health ministry said in a statement on Friday.
The municipality of Sinjel said that Musallet died following a “barbaric attack” carried out by settlers as part of “daily assaults” on local residents. It alleged Israeli forces stormed the area at the same time as the settlers’ attack, obstructing the work of paramedics and volunteers.
A friend of the deceased man’s family told CNN he was with Musallet and took him to a hospital in Ramallah, adding the young man was an American citizen born in Tampa, Florida.
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Israel’s military said it was “aware of reports regarding a Palestinian civilian killed and a number of injured Palestinians as a result of the confrontation, and they are being looked into by the ISA [Israeli Security Agency] and Israel Police.”
Musallet’s family is demanding the US State Department lead an investigation into the incident.
“We are devastated that our beloved Sayfollah Musallet (nicknamed Saif) was brutally beaten to death by Israeli settlers while he was protecting his family’s land from settlers who were attempting to steal it,” the family said in a statement.
“We demand justice.”
The US State Department said in a statement to CNN that it is aware of reports of the death of an American in the West Bank, without providing a name.
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“Out of respect for the privacy of the family and loved ones during this difficult time, we have no further comment,” a department spokesperson said.
Musallet ran a business in Tampa and had been in the West Bank since June 4 to visit family and friends, the family statement said.
A second Palestinian man died in the attack in Sinjel after he was shot in the chest by settlers, the Palestinian Ministry of Health said. Ten others were wounded in the same attack, it added.
Following the attacks, the Palestinian Ministry of Foreign Affairs criticised what it called Israel’s expanding settlement projects in the occupied territory and called for urgent action to hold the perpetrators of settler violence accountable.
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Israel has recently ramped up military operations in the West Bank, displacing tens of thousands of Palestinians and razing entire communities as it targets what it says are militants operating in the territory.
Multiple American citizens have been killed in the West Bank in the past few years, according to Palestinian officials and eyewitnesses, including a 14-year-old boy whom the Israeli military shot dead last April in what they described as a “counterterrorism operation.”
Israeli soldiers also shot dead a 26-year-old woman during a protest against an Israeli settlement in September 2024.
(CNN)
Headline
Japan’s Petabit: What To Know About Internet Speed That Can Download 67 Million Songs In A second
Published
13 hours agoon
July 12, 2025By
Editor
Researchers in Japan have broken the record for the fastest internet speed ever recorded: 1.02 petabits per second. That’s fast enough to “download 67 million songs in a second.”
Contents
How Fast is 1.02 Petabits Per Second?How Did Japan Make This Happen?
When Can the World Expect to Use This?
According to FirstPost, this new speed could let someone download the entire Netflix library almost instantly—or stream millions of 8K videos at once without any buffering.
To give some perspective, Japan’s new speed is around 16 million times faster than India’s average internet speed of 63.55 Mbps and 3.5 million times faster than the U.S. average.
How Fast is 1.02 Petabits Per Second?
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A petabit is one million gigabits. So when researchers say they hit 1.02 petabits per second, they’re talking about a connection fast enough to transfer more than 100,000 HD movies in just one second.
This speed could technically download the full Netflix catalog in less than a second. Big game downloads, like the 150GB Call of Duty: Warzone, would finish in a flash.
According to Gagadget, the full English Wikipedia is about 100GB. At this speed, you could download it “10,000 times in just one second.”
Music platforms can’t even match the scale. Spotify says a minute of audio uses about 1MB. That means, “with Japan’s new speed, you could theoretically download 67 million songs in a second—that’s more than 1,27,000 years of continuous music.”
While these examples help show how fast this is, the real impact will likely be on emerging technology.
Things like cloud computing, AI, autonomous vehicles, and real-time translation depend on large volumes of data moving quickly. With speeds like this, data centers in different parts of the world could work together almost as if they were on the same local network. That would allow global AI systems to run with almost no delay.
How Did Japan Make This Happen?
The breakthrough came from Japan’s National Institute of Information and Communications Technology (NICT), working with Sumitomo Electric and European partners.
The team sent data over 1,800 kilometers—about the distance from Delhi to Goa—using a specially built fiber-optic cable.
Typical fiber cables send data down a single path of light. This new design packs 19 separate cores into a standard-sized fiber, which researchers describe as “a 19-lane superhighway” for internet traffic. It increases capacity without requiring totally new infrastructure.
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Sumitomo Electric developed the cable, while NICT and international researchers built the transmission system.
To deal with long-distance signal loss, they used advanced amplification and signal processing. The setup involved 19 loops of fiber, each 86.1 km long, with the signal passed 21 times. That totaled 1,808 km, and during the test, “180 individual data streams were sent at record-breaking speed and stability.”
When Can the World Expect to Use This?
Most home internet is still measured in megabits per second, not terabits, much less talking about petabits. We’re far from seeing these speeds in everyday life. That means using this speed is not anytime soon.
Still, the breakthrough is getting attention from telecom companies, infrastructure providers, and governments. This could help shape the future of undersea cables, national internet backbones, and next-generation networks like 6G.
It may take years to reach consumers, but the progress points toward a future where fast, high-capacity internet becomes standard—not something rare.
(FirstPost/Tribune)
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