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Forbes: These are the world’s 14 Black billionaires

There are 2,755 billionaires in the world, according to Forbes.

Each year, Forbes tallies its list of the world’s billionaires using a snapshot of financial information like the latest stock prices, exchange rates, assets, and more. This year saw the number of billionaires worldwide falls by about 87, with 34 Russian tycoons losing their spots after the country’s invasion of Ukraine.

Of the nearly 3,000 billionaires in the world, only 14 are Black. That’s fewer than 1 percent. Of those 14, only two are women. Eight are Americans.
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As of 2022, here are the world’s 15 Black billionaires:

  1. Aliko Dangote: $14 billion
    Africa’s richest man, Aliko Dangote saw his fortune grow from around $11.5 billion on last year’s list.

Dangote founded and owns nearly 88 percent of publicly-traded Dangote Cement. He also owns stakes in publicly-traded salt, sugar, and flour manufacturing companies.

  1. Mike Adenuga: $7.3 billion

Adenuga, Nigeria’s second-richest man, made his first million at 26 selling lace and distributing soft drinks, according to Forbes. But he built his fortune in telecom and oil production.

  1. Abdulsamad Rabiu: $6.9 billion
    Rabiu is the founder of BUA Group, a Nigerian conglomerate with interests in sugar refining, cement production, real estate, steel, port concessions, manufacturing, oil, gas, and shipping.

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  1. Robert F. Smith: $6.7 billion
    Smith made his fortune through the private equity firm, Vista Equity Partners, which he founded in 2000. A graduate of Cornell, he pledged $50 million (personally and through a foundation) to the university in 2016. And in 2019, Smith announced that his family was providing a grant to eliminate the student debt of the entire Morehouse College Class of 2019.
  2. David Steward: $5.8 billion
    Steward is co-founder and chairman of World Wide Technology, an $11.2 billion IT provider whose customers include Citi, Verizon, and the federal government.

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  1. Patrice Motsepe: $3.3 billion
    Motsepe was the first Black African to appear on the Forbes list. He became a billionaire in 2008 as founder and chairman of African Rainbow Minerals.
  2. Strive Masiyiwa: $3 billion
    Masiyiwa “overcame protracted government opposition to launch mobile phone network Econet Wireless Zimbabwe in his country of birth in 1998,” according to Forbes. He and his wife, Tsitsi, have provided scholarships to more than 250,000 young Africans over the past 20 years through their Higherlife Foundation.
  3. Oprah Winfrey: $2.6 billion
    In addition to the media, entertainment, and business empire she’s built, Winfrey owns shares in Weight Watchers and has a partnership with Apple. She has donated nearly half a billion dollars to charities throughout her career, including more than $100 million to the Oprah Winfrey Leadership Academy for Girls in South Africa.
  1. Michael Jordan: $1.7 billion
    NBA great Jordan, one of the nine Americans on the list, still has sponsorship deals with Hanes, Gatorade, and Upper Deck 19 years after retiring from basketball.
  2. Alex Karp: $1.1 billion
    Karp is the co-founder and CEO of the software firm Palantir Technologies.
  3. Michael Lee-Chin: $2 billion
    A native of Jamaica, Lee-Chin made his fortune investing in National Commercial Bank Jamaica, AIC Limited, and other companies.
  4. Rihanna: $1.7 billion
    Making her debut on Forbes’ list, Rihanna has a projected net worth of $1.7 billion due to her ever-expanding Fenty empire that has now branched out to sleepwear, lingerie, and soon Fenty Kids
  5. Jay-Z: $1.4 billion
    In June 2019, Jay-Z became Hip-Hop’s first proven and viable billionaire, thanks to what Forbes called a “sprawling and diverse empire.”
  6. Tyler Perry: $1 billion
    Perry is an actor, director, producer, and screenwriter. The media mogul also owns Tyler Perry Studios, located in the heart of Atlanta on the historic grounds of the former Fort McPherson army base

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