Here are the top 5 richest black people in the world and a brief description on how they made their billions.
Aliko Dangote, $12.2 billion
Dangote is the richest black person in the world. He is a native Nigerien and built his fortune trading in cement, sugar and flour but subsequently ventured into manufacturing these commodities. Dangote Cement is the largest cement producer in Africa with operations in several African countries.
Mohammed Al Amoudi: $8.4 billion
Al Amoudi hails from Ethiopia and has investments in gold mining, leather production, agro processing, transport and construction. He has been making major investments in African countries for decades but also owns oil refineries in Morocco and Sweden.
Mike Adenuga: $6.1 billion
Adenuga also hails from Nigeria and is one of the largest owners of residential and commercial property in Ghana. His mobile telecom company, Globacom has 36 million subscribers and he is the majority owner of Lagos-based oil company Conoil. Adenuga went to Pace University in New York, where he earned a MBA and drove a taxi to pay the bills.
Isabel Dos Santos: $3.1 billion
Isabel Dos Santos is the richest black women in the world. She owns a significant stake in Unitel, the country’s largest mobile phone network, and a stake in Banco BIC. She also has several other investments including a controlling stake of Portuguese cable TV and telecom firm Nos SGPS (formerly called Zon). Some have tried to say that her wealth is tied to her father Jose Eduardo dos Santos, who is Angola’s president but she has maintained that her investments are hers and hers alone and are not tied to the state in anyway.
Oprah Winfrey: $3 billion
Coming in at number 5 is the first and only American to make the list, Oprah Winfrey. Oprah was once the queen of daytime TV and stopped her show to start her OWN(Oprah Winfrey Network) network. Like any other business it was rough at first but is now cash flow positive and is enjoying soaring ratings on the back of a series of successful sitcom and drama collaborations with director Tyler Perry.