Forbes’ real-time billionaire rankings, these are the wealthiest Black individuals globally. Their investments span various industries, including telecommunications, technology, cement, media, and oil.

While they have gained significant wealth, these billionaires also hold influence in sectors that are critical to economic growth, particularly in Africa and the diaspora.

Here’s a roundup the world’s richest Black people as of October 2024.

David Steward

Net Worth: $11.4 billionCountry: USAIndustry: Information TechnologyDavid Steward co-founded World Wide Technology (WWT), a provider of IT and supply chain solutions. He recently overtook Nigerian industrialist Aliko Dangote to claim the title of the richest Black person in the world.

Aliko Dangote

Net Worth: $11.3 billionCountry: NigeriaIndustry: Cement, SugarAliko Dangote’s conglomerate is heavily invested in cement production and sugar refining. His businesses have played a significant role in Nigeria’s industrial development.

Robert F. Smith

Net Worth: $10.8 billionCountry: USAIndustry: InvestmentFounder of Vista Equity Partners, Robert F. Smith’s focus is on technology-driven companies. His philanthropic work within the Black community is also notable.

Mike Adenuga

Net Worth: $6.7 billionCountry: NigeriaIndustry: Telecommunications, OilMike Adenuga’s telecom company, Globacom, along with his interests in oil, have established him as a key player in West African business.

Abdulsamad Rabiu

Net Worth: $4.8 billionCountry: NigeriaIndustry: Cement, SugarThrough his BUA Group, Abdulsamad Rabiu is a major figure in infrastructure and industrial growth in Nigeria, particularly in the cement and sugar industries.

Michael Jordan

Net Worth: $3.5 billionCountry: USAIndustry: Business, SportsThe former basketball player has built a business empire through investments in sports franchises and endorsement deals, following his athletic career.

Oprah Winfrey

Net Worth: $3 billionCountry: USAIndustry: Media, EntertainmentOprah Winfrey is a prominent figure in media, with her ventures spanning television, film, and publishing. Her influence remains strong in the entertainment industry.

Patrice Motsepe

Net Worth: $3 billionCountry: South AfricaIndustry: Mining, InvestmentPatrice Motsepe built his wealth through mining and investments. His work has contributed to financial development and job creation in South Africa.

Jay-Z

Net Worth: $2.5 billionCountry: USAIndustry: Music, BusinessJay-Z’s wealth comes from music, streaming services, and various business ventures under his Roc Nation empire, which includes sports management and entertainment.

Strive Masiyiwa

Net Worth: $1.8 billionCountry: ZimbabweIndustry: TelecommunicationsStrive Masiyiwa is the founder of Econet, a telecommunications company that has improved access to communication across Africa.

Feature Image Credit: Getty Images

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