2019 Forbes List of 13 Black Billionaires in the World – 4 Nigerians Make the list


2019 Forbes List of 13 Black Billionaires in the World – No fewer than 13 black persons made up the 2,153 people who made the Forbes list of the World’s Billionaires for 2019. The list of black persons improved from 11 a year ago.

Nigerian Cement tycoon, Aliko Dangote is still the richest black person in the world with a fortune estimated at $10.9 billion. He’s closely followed by Nigerian oil and telecoms mogul, Mike Adenuga.

American businessman, David Stewart, who is the majority owner of World Wide Technology, an $11.2 billion (sales) IT provider, whose customers include Citi, Verizon and the federal government, joins the Black Billionaires Club with a fortune Forbes estimates at $3 billion.

Nigerian businessman Abdulsamad Rabiu, who made his fortune in cement, flour, edible oils and real estate, returns to the 3-Comma club after a multi-year hiatus. He last featured on the Forbes list of the World’s Billionaires in 2014. In December 2018, Rabiu merged his privately owned Kalambaina Cement Company with listed firm Cement Co. of Northern Nigeria, which he controlled.

The new, larger company has a market capitalization of more than $800 million, with Rabiu owning more than 90% of the company’s stock. The value of his shares in the new Cement Co. of Northern Nigeria provided a shot in the arm to his fortune, which Forbes estimates at $1.6 billion.

Nigeria’s Folorunsho Alakija, American TV mogul Oprah Winfrey and Angolan investor Isabel dos Santos still remain the only black female billionaires in the world. Check out the 2019 Forbes List of 13 Black Billionaires in the World.

2019 Forbes List of 13 Black Billionaires in the World

These are List of 13 richest black people on earth


1. Aliko Dangote, $10.9 billion

Nigerian, Sugar, Cement, Flour

The Cement and commodities tycoon retains his title as the world’s richest black man this year. After building his fortune in sugar, flour and cement, the Nigerian tycoon is embarking on his most ambitious project to date- a private oil refinery in Nigeria which will have a refining capacity of 6500,000 barrels a day and is expected to reduce Nigeria’s dependence on oil imports. Dangote started out in business more than 3 decades ago by trading in commodities like cement, flour and sugar with a loan he received from his maternal uncle and went on to build the Dangote Group, the largest industrial conglomerate in West Africa.