The Black Billionaires 2018 (10 billionaires)

Of the 2,043 people who made it to the 2018 FORBES list of the World’s Billionaires, 10 of them are black.

The Nigerians take the lead. Cement tycoon Aliko Dangote retains his position as the richest black person in the world, with a fortune estimated at $14.1 billion. He is followed by Nigerian oil and telecoms mogul Mike Adenuga who is the second richest black man in the world with a fortune FORBES currently estimates at $5.3 billion.

This year, Saudi-Ethiopian construction magnate Mohammed Al-Amoudi who was worth $8.4 billion lst year fell off the ranking as FORBES decided to leave all Saudis off the billionaires list this year. Zimbabwean telecom tycoon and philanthropist Strive Masiyiwa joins the black billionaires club and becomes the first person from the Southern African country to lay claim to a ten-figure fortune. Angolan investor Isabel dos Santos, American media mogul Oprah Winfrey and Nigerian oil woman Folorunsho Alakija are still the only black female billionaires on the FORBES billionaires list.

1Aliko Dangote, $14.1 billion


Nigerian, Sugar, Cement, Flour

Aliko Dangote is the richest black person in the world and Africa’s richest person. He founded and chairs Dangote Cement, Africa’s largest cement manufacturer. He also owns sugar, salt and four milling businesses that are all listed on the Nigerian Stock Exchange. Dangote is making an audacious foray into oil. His Dangote Group is constructing an integrated refinery and petrochemical complex in the Lekki Free Zone near Lagos, Nigeria. Upon completion in 2019, the refinery is expected to be the world’s biggest single-train facility, and will cost an estimated $9bn.