Black billionaires are proving that, despite the obstacles, blacks can attain true financial freedom in a variety of fields, including media and entertainment, private equity, and investing.
Forbes issued its 2021 Billionaires list this year, with a record-breaking amount of 2,755 billionaires making the cut – up 660 from the previous year’s list.
Regardless of age, geographic region, industry, or race, today’s amazing Black businessmen and women continue to demonstrate that it is possible to overcome hurdles and join one of the world’s most prestigious communities.
Among the many billionaires on the list, here are the world’s Black billionaires in 2021, who are among the wealthiest people on the planet.
Aliko Dangote with a net worth of $11.4 billion dollars.
Aliko Dangote, the founder and chairman of Dangote Cement, the continent’s largest cement maker and one of Nigeria’s major private-sector employees, is regarded the world’s richest Black man. A $3,000 loan from his uncle was utilized to buy and sell agricultural commodities in Nigeria, which helped him build his business empire.
Mike Adenuga with a net worth of $6.2 billion dollars.
Mike Adenuga amassed his fortune through his telecommunications company, Globacom, and oil production, as well as diversifying his commercial holdings throughout multiple sectors of the economy and across Africa.
Robert F. Smith with a net worth of $6 billion dollars.
Robert F. Smith is a well-known IT investor and philanthropist who started and still leads Vista Equity Partners, a firm that concentrates solely on software investments. According to Blavity, he made waves in May 2019 when he paid off the student debt of the entire Morehouse College graduating class.
Abdulsamad Rabiu with a net worth of $5.2 billion dollars.
As the founder of BUA Group, a Nigerian conglomerate involved in cement manufacture, sugar refining, and real estate, Abdulsamad Rabiu amassed a billion-dollar net worth. To continue expanding his economic empire, he merged his two huge cement enterprises, Obu Cement and Cement Co. of Northern Nigeria, last year.
David Steward with a net worth of $3.7 billion dollars.
David Steward, the founder and chairman of World Wide Technology, America’s largest Black-owned corporation, isn’t your ordinary tech entrepreneur. His father’s encouragement and his background as a salesperson, according to TIME, have both contributed to his entrepreneurial success.
Patrice Motsepe with a net worth of $3.1 billion dollars.
Patrice Motsepe, the founder and chairman of African Rainbow Minerals in South Africa, became the first African to join the Forbes billionaire list in 2008. According to Forbes, he most recently became the continent’s new president of the Confederation of African Football (CAF), making him a certified soccer boss.
Oprah Winfrey with a net worth of $2.7 billion dollars.
Oprah Winfrey began her career as a news reporter and is now one of the most well-known media moguls in the world, with her own television network and a content production partnership with Apple TV+. Her success can also be attributed to her roles in films such as “The Color Purple,” “The Princess and the Frog,” “Lee Daniels’ The Butler,” “Selma,” and others.
Kanye West with a net worth of $1.8 billion dollars.
Despite being the second Hip Hop musician to become a billionaire, Kanye West outstripped Jay-Z with a $1.8 billion wealth. According to our earlier study, the majority of his net worth comes from his 100 percent interest in adidas’ Yeezy brand, while the remainder comes from his numerous investments, Wyoming ranches, G.O.O.D Music record company, publishing rights, and his own music collection.
Michael Jordan with a net worth of $1.6 billion dollars.
Michael Jordan is widely recognized as the NBA’s best all-time player, having achieved incredible heights during his career. He has devoted his time since retirement to building his billion-dollar fortune as one of the wealthiest former professional sports. According to Sporting News, he became a billionaire in 2014 after growing his ownership part in the Charlotte Hornets, and he has remained on Forbes’ billionaire list for the previous 5 years.
Michael Lee-Chin with a net worth of $1.5 Billion dollars.
Michael Lee-Chin, a Jamaican-Canadian businessman and philanthropist, amassed his billion-dollar wealth through investments in financial institutions such as National Commercial Bank Jamaica and AIC Limited. He initially appeared on Forbes’ billionaires list in 2010 and has continued to do so for the past four years.
Masiyiwa Strive with a net worth of $1.5 Billion dollars.
A billionaire from Zimbabwe Strive Masiyiwa’s good fortune was far from easy to achieve. He had to overcome long-standing official opposition to build his mobile phone network, Econet Wireless Zimbabwe, in his birth country in 1998 in order to become a billionaire. Since 2019, he has been listed on Forbes and Africa’s billionaire list, and he is also a member of Netflix’s board of directors.
Jay-Z with a net worth of $1.4 billion dollars.
As Hip Hop’s first billionaire, Jay-Z smashed the glass ceiling, yet his money continues to rise as a result of his numerous business ventures. As previously reported by AfroTech, Roc Nation, Armand de Brignac, his D’Usse cognac, music royalties, art collection, real estate endeavors, and investments in businesses like Ethos and Sweetgreen account for a large portion of his fortune.
Tyler Perry with a net worth of $1 billion dollars.
Tyler Perry has come a long way from his humble beginnings as an actor, writer, producer, playwright, director, and all-around artist. Perry has gone from an ambitious Hollywood star to one of the industry’s wealthiest men in the last two decades, thanks to his 30 films, 20 plays, and eight TV shows, all of which are still airing, as we noted earlier this year. Not to mention the fact that his 330-acre studio lot is the country’s largest.