Top 10 Richest Black People in the World (2020)

Top 10 Richest Black People in the World (2020)

The Richest Black Men In the world

A lot people today are really successful. Well, the more interesting thing about this is that a major of blocks are included. We have lots of black billionaires that are among the world's richest today.

These blacks control lots of businesses and ventures in various countries. Their net worths can equally be considered outrageous cause believe me when i say they are worth lots and lots of money.

Do you want to know them? Our Top 10 Richest Black People in the world gives you all you need. The likes of Jay Z, Aliko Dangote and Micheal Jordan are amongst the richest.

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  • Jay Z - $1 billion 
  • Micheal Jordan - $1.9 billion 
  • Patrice Motsepe - $2.3 billion 
  • Strive Masiyiwa - $2.4 billion 
  • Abdul Samad Rabiu - $2.6 billion 
  • Oprah Winfrey - $2.7 billion
  • David Steward - $3.9 billion 
  • Robert F Smith - $5 billion 
  • Mike Adenuga - $5.7 billion 
  • Aliko Dangote - $8 billion 

The Richest Black People in the World 

10) Jay Z Net Worth - $1 billion 

Richest Black People - Jay Z

Jay Z is one of the greatest musicians of all-time. He is the richest rapper alive and one of the richest musicians in the world. He is an American rapper, songwriter, record producer, record executive and businessman.

Jay Z has twelve additional album to his name after the success of his debut studio album in 1996 'Reasonable Doubt'.  He has won a total of 22 Grammy awards which is the most ever to be won by a rapper. 14 of Jay Z's album hit billboard number one which is the most by a solo artist.

He is one of the bestselling music artist having over 50 million albums and 75 million singles sold worldwide. Rollingstone and Billboard ranks Jay Z as one of the 100 greatest artists of all-time. 

Jay Z achieved billionaire status in 2019 becoming the first Hip Hop billionaire. He is the wealthiest American musician and takes the tenth spot on the list. His net worth is estimated at $1 billion as of May 2020.

Read Also: The Richest Pastors in the World

9) Micheal Jordan Net Worth - $1.9 billion 

Richest Black People - Micheal Jordan

The greatest and richest basketball players in the NBA history is the ninth richest black man in the world 2020. The retired basketball player owns the Charlotte Hornets of the National Basketball Association (NBA) and a six times winner of the NBA championship. 

Jordan's great leaping abilities earned him the nicknames "Air Jordan" and "His Airness". The well popular Nike's Air Jordan was created for Micheal Jordan in 1984 and has remained popular till date. 

He was in 2010 ranked by Forbes as the 20th most popular celebrity in the world with $55 million earned between June 2009 and June 2010. His shoe signature Air Jordan generates $1 billion in sales for Nike. 

When Jordan raised his Charlotte Hornets stake from 80% to 89.5% he got named the first NBA player to become a billionaire. In 2017, Forbes designated him as the athlete with the highest career earnings. Jordan is the second richest athlete in the world after WWE Vince McMahon. 

8) Patrice Motsepe Net worth - $2.3 billion

Richest Black People - Patrice Motsepe

Patrice Motsepe is a South African businessman and billionaire. He is the founder and executive chairman of African Rainbow Minerals which has in gold, ferrous metals, base metals and platinum.

Patrice is the non-executive chairman of Harmony Gold which is the 12th largest gold mining company. He also sits on several companies board today. 

With $1 billion, Motsepe became the richest man in South Africa topping the Sunday Times annual rich list. Mamelodi Sundowns Football Club of the South African Premier League was acquired by Motsepe in 2003. 

In 2019, he bought a 37% stake in the Blue Bulls Co, South Africa best performing rugby team. 

He is currently the interim chairman of the Black Business Council and a founding member and a former chairman of South Africa's most influential business advocacy and lobby group Business Unity SA (BUSA).

7) Strive Masiyiwa Net Worth - $2.4 billion 

Richest Black People - Strive Masiyiwa

Strive Masiyiwa is a London-based Zimbabwean billionaire businessman and philanthropist. Masiyiwa is the founder and executive chairman of Econet Global. Econet is a telecommunications, technology and renewable energy company which he founded in 1998.

He is the only member of the United States Holocaust memorial museums committee on conscience. Masiyiwa also served on two UN advisory panels. 

Masiyiwa's philanthropy is overwhelming. He has used his wealth to provide scholarships for over 250,000 young Africans over the past 20 years through his family foundation. He also supports over 40,000 orphans with educational initiatives.

6) Abdul Samad Rabiu Net Worth - $2.6 billion 

Richest Black People - Abdul Samad Rabiu

He is one of the richest men in Nigeria. Abdul is a Nigerian businessman and one of the biggest industrialists in Africa. He's the founder and chairman of BUA group. He is also the Chairman of the Nigeria Bank of Industry (BOI). 

BUA Group is a Nigerian conglomerate that concentrates on Manufacturing, Infrastructure and Agriculture. A whooping revenue of $2.5 billion is produced in excess. Forbes estimated his net worth at $1.2 billion as of 2013 putting him on global billionaires club.

BUA Group owns the second largest sugar refinery factory in the sub-Saharan Africa prior to acquiring the largest edible oil processing company in Nigeria years back.

In 2009, they acquired a controlling stake in a publicly listed cement company in Northern Nigeria and began to construct a $900 million cement plant in Edo State. 

Abdul Rabiu is involved in many ventures. He has a net worth of $2.6 billion as of 2020 and one of the wealthiest Black People.

5) Oprah Winfrey Net worth - $2.6 billion

Richest Black People - Oprah Winfrey

As of April 2020, Oprah Winfrey has net worth of $2.6 billion. She is an American media executive, actress, talk show host, television producer and philanthropist.  Her show the "Oprah Winfrey Show" was the highest rated television program of it's kind in history.

Oprah is one of the most influential people in the world. She was the richest African American of the 20th century and North America's first black multi billionaire and also ranked greatest philanthropist in American history.

In 2013, Oprah was awarded presidential model of freedom by president Obama and honorary doctorate degrees from Duke and Harvard University. In 2008, she found the Oprah Winfrey Network.

4) David Stewards Net Worth - $3.9 billion

Richest Black People - David Steward

In 2019, David Steward was ranked 293th on the Forbes 400 list of Americans billionaires and 745th on Forbes billionaire 2019 list. Steward is one of four black billionaires in America.

He is the chairman and founder of Africa-American owned businesses in America. Steward is also the founder of Telcobuy, a global technology and supply chain management company. He founded the worldwide technology in the year 1993.

The 2018 revenue of David Steward's worldwide technology was estimated to be greater than $11 billion which would rank it as one of St Louis largest private companies. David has net worth of $3.6 billion as of April 2020.

3) Robert F Smith Net worth - $5 billion

Richest Black People - Robert  Smith

Robert Fredrick Smith is an American billionaire businessman, chemical engineer, philanthropist and investment banker. He founded the private equity firm Vista Equity Partners.

Robert also serves as CEO and chairman of the company. As of September 2019, he has the net worth of $5 billion according to Forbes.

Forbes declared Smith as the wealthiest African-American surpassing Oprah Winfrey in 2018. He was also recognized as one of the 50 people who defined 2019 on the Bloomberg 50 list.

As of 2019, his company Vista has over $46 billion in Communication Capital commitments, owns over 50 software companies and has over 60,000 employees worldwide. It is the fourth largest software enterprise company after Microsoft, Oracle and SAP.

2) Mike Adenuga Net Worth - $5.7 billion

Richest Black People - Mike Adenuga

Mike Adenuga is a very popular name. He doubles up as the second richest black man in the world and also the second richest man in Africa. He owns Globacom which is Nigeria's second largest Telecom operator which has presence in Benin and Ghana.

Adenuga also owns stakes in the Equatorial Trust Bank and the oil exploration firm, ConOil. He was named African Entrepreneur of the year at the first African Telecoms awards in 2007.

The billionaire made attempts to buy the Ivorian Telecoms operator Comium Cote d'voire for $600 million in 2015. Adenuga's mansion is one of the most expensive houses in Nigeria showing off luxury and lots of space as it is built on 3 hectares of land. As of 2020, Mike Adenuga net worth is estimated at $5.7 billion.

Read Also: The Richest Igbo Men in Nigeria

1) Aliko Dangote Net worth - $8 billion

Richest Black People - Aliko Dangote

As of April 2020, Aliko Dangote has net worth of $8 billion. He is the founder and chairman of Dangote Group, an industrial conglomerate in Africa. Aliko Dangote is the richest black man in the world 2020 and the wealthiest man in Nigeria Africa.

Dangote was named the 88th wealthiest person in the world as of January 2020. He established the Dangote group in 1977 which was the same year he relocated to Lagos.

The group has the largest sugar refinery in Africa and the third in the world producing about 800,000 tonnes of sugar annually. The company employs more than 11,000 people and it's the largest industrial conglomerate in West Africa.

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