Top 10 Black Billionaires of 2024

Black billionaires have been making significant strides in various industries around the globe, showcasing their prowess, innovation, and philanthropy.

As of 2024, the list of black billionaires is both inspiring and indicative of the growing influence of people of black descent in the global economy.

This article takes a closer look at the top 10 black billionaires, including core African magnates, who have made remarkable achievements in their respective fields.

1. Aliko Dangote – The Cement and Commodities Titan

Leading the charge is Aliko Dangote, the Nigerian business mogul and the richest person in Africa. Aliko Dangote has built a sprawling empire, encompassing cement manufacturing, sugar production, and flour milling.

Consequently, his substantial net worth stands as a testament to his business acumen and strategic investments in sectors vital to Africa’s development.

2. Robert F. Smith – The Private Equity Visionary

Robert F. Smith, the founder of Vista Equity Partners, stands out as a leading figure in the world of technology investments.

His firm’s focus on enterprise software companies has not only yielded significant returns but also positioned Smith as a key player in shaping the future of the tech industry.

3. Mike Adenuga – The Telecom and Oil Magnate

Nigeria’s Mike Adenuga, the brain behind Globacom, one of Africa’s largest telecom operators, and Conoil Producing, has solidified his place as a key figure in Nigeria’s economic landscape.

Impressively, his ventures into telecommunications and oil have paid off, earning him a spot among the elite black billionaires.

4. David Steward – The Tech Innovator

As the chairman and founder of World Wide Technology, David Steward has revolutionized the way organizations approach digital transformation.

His company’s focus on providing technology and supply chain solutions has made him one of the most influential black entrepreneurs in the technology sector.

5. Oprah Winfrey – The Media Mogul

Oprah Winfrey, a household name worldwide, has leveraged her success in television to build a media empire that spans film production, magazine publishing, and cable TV.

Expectedly, her entrepreneurial spirit and dedication to philanthropy have made her one of the most admired black billionaires.

6. Patrice Motsepe – The Mining & CAF Mastermind

South Africa’s Patrice Motsepe made his fortune in mining and is the founder and chairman of African Rainbow Minerals.

His investments in gold, ferrous metals, base metals, and platinum have not only propelled him to billionaire status but also contributed significantly to South Africa’s economy.

Meanwhile, since March 2021, he has been president of the Confederation of African Football.

7. Michael Jordan – The Sports Icon Turned Businessman

Michael Jordan, widely regarded as the greatest basketball player of all time, has successfully translated his fame into a lucrative business career.

His ownership of the Charlotte Hornets and his stake in the Jordan Brand has made him the first billionaire athlete in history.

8. Mohammed Dewji

Mohammed Dewji, known as Africa’s youngest billionaire, has amassed his wealth through diversified investments, including in industries such as agriculture, manufacturing, and retail.

His entrepreneurial endeavors have significantly contributed to Tanzania’s economy.

9. Strive Masiyiwa – The Telecommunications Trailblazer

Zimbabwe’s Strive Masiyiwa, the founder of Econet Wireless, has made significant contributions to telecommunications in Africa.

His work extends beyond business; through philanthropy, he has impacted education, healthcare, and development initiatives across the continent.

10. Tyler Perry – The Entertainment Entrepreneur

Tyler Perry, renowned for his achievements in film, theater, and television, has successfully built an entertainment empire that not only breaks barriers but also paves the way for black actors, writers, and producers.

Moreover, his ownership of one of the largest film studios in the U.S. significantly underscores his profound influence in the entertainment industry.

The accomplishments of these black billionaires in 2024 highlight their individual success. More so, they showcase the growing impact of people of black descent on the global economic landscape.

Additionally, their stories filled with perseverance, innovation, and strategic investment serve as a source of inspiration for aspiring entrepreneurs worldwide.

Finally, as they persist in shaping various industries and contributing to their communities, the influence of black billionaires is poised to expand, marking an important chapter in the annals of business history.