Top 10 Black Billionaires In The World, According To Forbes

Posted by: lukwago J in Life style June 6, 2017

6). ROBERT SMITH, $2.5 BILLION

Investment, Tech

Smith is the founder of private equity shop, Vista Equity Partners, an Austin, Texas firm that is best known for fixing up enterprise software outfits. He is married to 2010 Playboy Playmate of the Year Hope Dworaczyk.

7). PATRICE MOTSEPE, $1.81 BILLION

South African, Mining

After making a fortune in mining through his African Rainbow Minerals, South Africa’s first black billionaire, Patrice Motsepe, is now reinvesting via private equity. In the last year, his new investment company, African Rainbow Capital, has made a series of investments in leading South African financial services companies. He is also the president and owner of the Mamelodi Sundowns Football Club.

8. FOLORUNSHO ALAKIJA, $1.61 BILLION

Nigerian, Oil

Nigeria’s only female billionaire is the founder of Famfa Oil, a Nigerian company that owns a substantial participating interest in OML 127, a lucrative oil block on the Agbami deep-water oilfield in Nigeria. Alakija started off as a secretary in a Nigerian merchant bank in the 1970s, then quit her job to study fashion design in England. Upon her return, she founded a Nigerian fashion label that catered to upscale clientele, including Maryam Babangida, wife to Nigeria’s former military president Ibrahim Babangida.

9). MICHAEL JORDAN, $1.31 BILLION

American, Basketball

Basketball’s greatest player is the majority shareholder of Charlotte Bobcats and enjoys lucrative deals with the likes of Gatorade, Hanes and Upper Deck. His biggest pile comes from Brand Jordan, a $1 billion (sales) sportswear partnership with Nike.

10). MOHAMMED IBRAHIM, $1.14 BILLION

British, Mobile Telecoms, Investments

Mo Ibrahim made his initial fortune as the founder of Celtel, an African mobile phone company, which he sold to MTC of Kuwait for $3.4 billion in 2005. He now reinvests through Satya Capital, a U.K-based, African focused private equity firm.

Source: Forbes

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