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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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Mexican President Pledges Tougher Sexual‑harassment Laws After Being Groped

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Mexican President Claudia Sheinbaum on Thursday unveiled proposals to boost reporting and prosecution of sexual abuse after she herself was groped in the street in an attack that caused outrage.

Mexico’s first woman president, 63, was assaulted on Tuesday by a drunken man while walking through the streets of the capital.

The assault made global headlines and focused attention on the dangers and harassment suffered by many women in the Latin American country.

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Sheinbaum has pressed charges against her attacker for sexual harassment, a charge that in Mexico City covers lewd behaviour and groping.

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She has also ordered a review of the widely diverging laws on sexual harassment and abuse across Mexico’s 32 states.

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Sexual harassment in public spaces is so prevalent in Mexico that in the last decade, the authorities have created women-only spaces on the metro.

Other cities with similar arrangements include Mumbai and Rio.

May what happened serve so that women do not feel alone in situations of harassment or abuse… and for this to happen, there must be institutions and a government that supports them,” Sheinbaum told her regular morning press conference.

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READ ALSO:Man Grabs Mexico’s President While Meeting Citizens On The Street

The UN says around 70 per cent of Mexican girls and women aged 15 and over will experience at least one incident of sexual harassment in their lives.

Sheinbaum said that 45 per cent had experienced sexual “abuse.”

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The man who assaulted her put one arm around her shoulder while she was greeting supporters, and with his other hand touched her hip and chest while attempting to kiss her neck.

A member of Sheinbaum’s security detail pulled him away.

Citlalli Hernandez, Secretary for Women, said more than 25,000 complaints of sexual harassment have been filed so far this year.

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The scale of the problem is believed to be far greater, however, with many women in Mexico, as elsewhere, hesitant to press charges for fear of being victim-shamed or not taken seriously.

Sheinbaum called for an “efficient and quick” reporting system that truly allows justice to be served,” but gave no details of what that might look like.

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The attack raised eyebrows over the left-wing president’s insistence on mixing with the public despite Mexican politicians regularly being a target for cartel violence.

The former Mexico City mayor has ruled out increasing her security.

We need to be close to the people,” she said.

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US Lawmakers Urge Sanctions On Miyetti Allah, Others Over Alleged Religious Violations

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The United States House of Representatives has urged the Departments of State and Treasury to impose targeted sanctions on individuals and organisations, including Miyetti Allah Cattle Breeders Association of Nigeria and Miyetti Allah Kautal Hore, over alleged violations of religious freedom in Nigeria.

This was contained in a resolution introduced before the House on Tuesday and cited by The PUNCH from the US Congress website on Wednesday.

Recall that Trump, in a post on Truth over the weekend, declared Nigeria a “Country of Particular Concern” and threatened to take military action if the country did not stem the alleged killings of Christians.

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Filed as H. Res. 860 in the 119th Congress, the resolution, submitted by Rep. Christopher Smith with Rep. Paul Huizenga as a co-sponsor, commends President Donald Trump for redesignating Nigeria as a CPC.

The sponsors decried the alleged worsening persecution of Christians and other religious minorities.

READ ALSO:Nancy Pelosi, First Female Speaker Of US House, Announces Retirement

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They cited a catalogue of findings and reports that informed the measure, including media accounts and NGO data alleging large-scale attacks on civilians, destruction of places of worship, and a pattern of impunity.

The resolution reads in parts, “For over a decade, Islamic terror organisations have carried out mass murder, rape, kidnappings, and other atrocities targeting mostly Nigerian Christians and non-Fulani moderate Muslim populations, resulting in mass displacement and destruction of places of worship

“Prominent Christian and Muslim leaders have been kidnapped or assassinated, including priests, pastors, and imams who advocate for religious tolerance;

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“Religious leaders, such as Father Remigius Iyhula and Bishop Wilfred Anagbe, who testified on March 12, 2025, at a hearing of the House Foreign Affairs Committee about the persecution and targeted killings of Christians in the Diocese of Makurdi, have faced intimidation, threats, and harassment from both extremist groups and government authorities.”

Supporters of the measure argued that the CPC redesignation would strengthen diplomatic leverage to press Nigeria for accountability and protection of religious minorities.

READ ALSO:FULL TEXT: DSS Gives Update On Prosecution Of Owo Church Attackers, Other Terror Suspects

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“The designation of Nigeria as a CPC will enhance diplomatic efforts to encourage the Nigerian government to take necessary actions to protect religious minorities and uphold fundamental human rights,” they said.

They therefore moved that “President Donald Trump acted appropriately and decisively to redesignate Nigeria as a CPC and hold the Nigerian government accountable for its complicity in religious persecution by radical Islamists, such as Boko Haram and Fulani terrorists.”

They further recommended conditioning US foreign assistance on demonstrable steps by Nigeria to prevent persecution, prosecute alleged perpetrators, and care for displaced populations.

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“The State Department should provide immediate humanitarian assistance directly to faith-based groups to support internally displaced people in Nigeria’s middle belt states.

“The United States, through the Department of State and Department of Treasury, should impose targeted sanctions, including visa bans and asset freezes under the Global Magnitsky framework and other restrictive measures, on individuals and entities responsible for severe violations of religious freedom in Nigeria, including sanctions against Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) and Miyetti Allah Kautal Hore, and should place Fulani-Ethnic Militias operating in Benue and Plateau States on the Entities of Particular Concern List under the International Religious Freedom Act,” the resolution read.

READ ALSO:UK Jails Nigerian Student For Raping Stranded Teenage Bus Passenger

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The resolution also asked the US to justify the purposes and amounts of recent security and development assistance to Nigeria and to tie future support to improved human-rights outcomes.

The resolution was referred to the House Foreign Affairs Committee and the Judiciary Committee for further consideration.

If it advances out of committee, the resolution would mark a clear congressional signal backing Trump’s CPC decision and could open the door to further legislative or executive actions.

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Meanwhile, the Federal Government had said the United States’ designation of Nigeria as a “country of particular concern” over alleged violations of religious freedom is based on a wrong perception of the country’s security challenges.

READ ALSO:US Congressman Accuses Kwankwaso Of Complicity In ‘Death Of Christians’

The Minister of Information and National Orientation, Mohammed Idris, stated this on Wednesday in Abuja while addressing journalists.

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Idris said the US position stemmed from “misrepresentation and misinformation” about Nigeria’s internal security situation.

According to him, terrorism and violent crimes in Nigeria do not target any particular religious group.

“Nigeria faces long-standing security challenges that have impacted Christians and Muslims alike.

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“Any narrative suggesting that the Nigerian state is failing to take action against religious attacks is based on misinformation or faulty data,” Idris said.

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Nancy Pelosi, First Female Speaker Of US House, Announces Retirement

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Nancy Pelosi, a towering figure in US politics and the first woman to serve as speaker of the House of Representatives, announced on Thursday that she will step down at the next election.

I will not be seeking reelection to Congress,” said the 85-year-old Democrat who has been one of President Donald Trump’s fiercest opponents.

In a video targeted at her hometown constituents in San Francisco, Pelosi said that she would serve her final year “with a grateful heart.”

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Pelosi — whose term ends in January 2027 — was the first woman to lead a major political party in the US Congress.

READ ALSO:Why US Speaker, Pelosi Visited Taiwa, Russian President, Putin Revealed

Despite entering political office later in life, she quickly rose through the ranks to become a darling of liberal West Coast politics and, eventually, one of the most powerful women in US history.

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She is in her 19th term and has represented her San Francisco-area district for 38 years. But her fame centers especially on her renowned skills at the national level, leading her party for two decades.

As House speaker for eight years, she was second in line to the presidency, after the vice president, including during Trump’s chaotic first term.

She was revered for her ability to corral her often fractious caucus through difficult votes, including Barack Obama’s signature Affordable Care Act and Joe Biden’s infrastructure programs.

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READ ALSO:FULL TEXT: DSS Gives Update On Prosecution Of Owo Church Attackers, Other Terror Suspects

Republicans painted her as the driving force behind a liberal elite that had turned its back on American values and was undermining the social fabric.

Trump especially made her a target, repeatedly insulting her as “crazy Nancy.” Pelosi never shrank from direct confrontations with the Republican leader, including demonstratively ripping up a copy of his State of the Union speech on live television.

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Rumors of her departure had been swirling for weeks on Capitol Hill, but she deflected questions over her political future, insisting that she was focused on a redistricting reform initiative in California that passed on Tuesday.

“I say to my colleagues in the House all the time, no matter what title they have bestowed upon me — speaker, leader, whip — there has been no greater honor for me than to stand on the House floor and say, I speak for the people of San Francisco,” Pelosi said.

“I have truly loved serving as your voice,” she said. “As we go forward, my message to the city I love is this: San Francisco, know your power.”

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