Black billionaires

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Aliko Dangote, the world's wealthiest black person.
Oprah Winfrey at the White House in 2010. She is the first female black billionaire and was the only black billionaire from 2004 to 2006

Black billionaires are individuals of African ancestry with a net worth of at least US$1 billion. According to the 2019 Forbes 2019 ranking of the world's billionaires, Nigerian business magnate Aliko Dangote had a net worth of $10.9 billion and was the world's richest black person.[1] Other black billionaires on the 2019 Forbes list included Nigeria's Mike Adenuga with $9.1 billion, American investor Robert Smith with $5 billion, American businessman David Steward with $3 billion, American media mogul Oprah Winfrey with a net worth of $2.5 billion, Zimbabwean businessman Strive Masiyiwa with $2.4 billion, Angolan businesswoman Isabel dos Santos with $2.3 billion, South African gold magnate Patrice Motsepe with $2.3 billion, American sports executive Michael Jordan with $2.1 billion, Michael Lee-Chin of Canada with $1.9 billion, Nigeria's Abdul Samad Rabiu with $1.6 billion, Nigeria's Folorunsho Alakija with $1.1 billion, and Mo Ibrahim of the United Kingdom with $1.1 billion.[2]

From 2001 to 2003, Forbes listed American television network executive Bob Johnson as a billionaire,[3] but dropped him after his fortune was split in his divorce.[when?][4] He returned to Forbes Billionaire list in 2007 with a net worth of $1.1 billion. In 2008 Johnson's wealth dropped again, this time to approximately $1.0 billion[5] and by 2009 he fell off the list again. Nigerian petroleum executive Femi Otedola briefly emerged as a billionaire in 2009, but did not remain one in subsequent years. He returned to the list in the company of a fellow Nigerian, sugar tycoon Abdul Samad Rabiu, in 2016, but both were dropped from the rankings the following year.[6]

Multiracial billionaires with significant black ancestry have been identified over the years. Saudi Arabian billionaire Mohammed Al Amoudi, of Hadhrami Yemeni and Ethiopian descent, has been on the Forbes billionaire list since 2002 and in 2012 had a net worth of $12.5 billion.[7] Michael Lee-Chin of Canada, who is Jamaican of Chinese and Black ancestry, was on the list from 2001 to 2010 but dropped off in 2011.[8] Isabel Dos Santos is of both Angolan and Middle Eastern ancestry.

Of all the above-mentioned billionaires identified by Forbes, only Oprah Winfrey qualified for Forbes 2009's list of the world's 20 most powerful billionaires, a list which considered not only wealth, but also market sway and political clout. Winfrey was considered especially powerful because of her influence on American consumer choices and her pivotal role in Barack Obama's successful 2008 U.S. presidential campaign.[9]

List of Black billionaires

(Wealth valuations by Forbes magazine)

Year Black billionaires Bi/Multiracial billionaires with Black ancestry All billionaires
2001 1: Bob Johnson $1.6 billion United States 1: Michael Lee-Chin $1 billionJamaicaCanada[10] 538, Richest: Bill Gates $58.7 billion United States
2002 1: Bob Johnson $1 billion United States 2: 497, Richest: Bill Gates $52.8 billionUnited States
2003 2:
  • Bob Johnson $1.2 billion United States
  • Oprah Winfrey $1 billionUnited States[12]
 2:
  • Mohammad Al Amoudi $1.5 billionEthiopiaSaudi Arabia
  • Michael Lee-Chin $1.4 billionJamaicaCanada[13]
 476, Richest: Bill Gates $40.7 billion United States
2004 1: Oprah Winfrey $1.1 billion United States 2:
  • Michael Lee-Chin $2.4 billion JamaicaCanada
  • Mohammad Al Amoudi $1.4 billion EthiopiaSaudi Arabia[14]
 587, Richest: Bill Gates $46.6 billion United States
2005 1: Oprah Winfrey $1.3 billion United States 2:
  • Michael Lee-Chin $2.5 billion JamaicaCanada
  • Mohammad Al Amoud $2.5 billion EthiopiaSaudi Arabia
 691, Richest: Bill Gates $46.5 billionUnited States
2006 1: Oprah Winfrey $1.4 billionUnited States 2:
  • Mohammad Al Amoudi $6.9 billion EthiopiaSaudi Arabia
  • Michael Lee-Chin $2.1 billionJamaicaCanada[15]
 793, Richest: Bill Gates $50 billionUnited States
2007 2: 2:
  • Mohammad Al Amoudi $8 billionEthiopiaSaudi Arabia
  • Michael Lee-Chin $1.6 billionCanadaJamaica[17]
 946, Richest: Bill Gates $56 billionUnited States
2008 5: 2:
  • Mohammad Al Amoudi $9 billionEthiopiaSaudi Arabia
  • Michael Lee-Chin $1.8 billionJamaicaCanada[21]
 1,125, Richest: Warren Buffett $62 billionUnited States
2009 5: 2:
  • Mohammad Al Amoudi $9 billionEthiopiaSaudi Arabia
  • Michael Lee-Chin $1 billionJamaicaCanada[22]
 793, Richest: Bill Gates $40 billionUnited States
2010 4:
  • Oprah Winfrey $2.4 billion United States
  • Patrice Motsepe $2.3 billion South Africa
  • Adam Sedik $2.1 billionNigeria
  • Mo Ibrahim $2 billion SudanUnited Kingdom
 2:
  • Mohammad Al Amoudi $10 billionEthiopiaSaudi Arabia
  • Michael Lee-Chin $1 billionJamaicaCanada[23]
 1,011, Richest: Carlos Slim Helu & family $53.5 billion[24] Mexico
2011 5: 1: Mohammad Al Amoudi $12.3 billionEthiopiaSaudi Arabia 1,210, Richest: Carlos Slim Helu & family $74 billionMexico
2012[27] 5: 1: Mohammad Al Amoudi $12.3 billionEthiopiaSaudi Arabia 1,210, Richest: Carlos Slim Helu & family $74 billionMexico
2013 5: 2: 1,426, Richest: Carlos Slim Helu & family $73 billionMexico
2014 7: 2:
  • Mohammad Al Amoudi $15.3 billion Ethiopia Saudi Arabia
  • Isabel Dos Santos $3.7 billion Angola
 1,645, Richest: Bill Gates $76 billion United States
2016 11: 2: 1,810, Richest: Bill Gates $75 billion United States
2019 11:
2020 12: 4: 2,153, Richest: Jeff Bezos $180 billion United States


Michael Jackson

On February 6, 2003, Martin Bashir asked Michael Jackson how much he was worth, and Jackson replied: "It's way up there." Bashir then asked, "A billion dollars?" to which Jackson replied, "It's over there." Bashir asked for confirmation: "Over a billion dollars!" to which the star replied "Yes."[29] Jackson never appeared on the Forbes Billionaire list in his lifetime nor was he ever ranked among Forbes 400 richest Americans. Estimates of Jackson's net worth during his life range from negative $285 million to positive $350 million for 2002, 2003 and 2007.[30][31] In August 2018 Forbes reported that Jackson's total career pretax earnings in life and death were $4.2 billion.[32][33]

References

  1. ^ "Mike Adenuga". Forbes.
  2. ^ Nsehe, Mfonobong. "The Black Billionaires 2019". Forbes.
  3. ^ Brett Pulley (2001-10-08). "The Cable Capitalist". Forbes. Retrieved 2006-05-11.
  4. ^ Michael P. Regan (2004-02-27). "Billionaires' ranks open to 'Harry Potter' author". Arizona Daily Star. Retrieved 2006-05-11.
  5. ^ a b "#1062 Robert Johnson". Forbes. 2008-03-05.
  6. ^ Obusan, Claire. "In Pictures: New Billionaires". Forbes.
  7. ^ "#116 Mohammed Al Amoudi". Forbes.
  8. ^ "Michael Lee-Chin". Forbes.
  9. ^ Live, Nigeria News (2019-05-25). "13 Black Billionaires Who Made Forbes List in 2019". NAIJA NEWS TODAY & LATEST BREAKING NEWS ™. Retrieved 2019-06-04.
  10. ^ "Forbes.com: Forbes World's Richest People 2001". Web.archive.org. 28 October 2006. Archived from the original on 28 October 2006. Retrieved 25 October 2017.
  11. ^ "Forbes.com: Forbes World's Richest People 2002". Web.archive.org. 19 May 2008. Archived from the original on 19 May 2008. Retrieved 25 October 2017.
  12. ^ "Forbes.com: Forbes World's Richest People 2003". Web.archive.org. 1 January 2011. Archived from the original on 1 January 2011. Retrieved 25 October 2017.
  13. ^ "Forbes.com: Forbes World's Richest People 2003". Web.archive.org. 21 August 2007. Archived from the original on 21 August 2007. Retrieved 25 October 2017.
  14. ^ "Forbes.com: Forbes World's Richest People 2004". Web.archive.org. 28 April 2006. Archived from the original on 28 April 2006. Retrieved 25 October 2017.
  15. ^ "#365 Michael Lee-Chin". Forbes.
  16. ^ "#840 Robert Johnson". Forbes. 2007-03-08.
  17. ^ "#618 Michael Lee-Chin". Forbes. 2007-03-08.
  18. ^ "#462 Oprah Winfrey". Forbes. 2008-03-05.
  19. ^ "#503 Patrice Motsepe". Forbes. 2008-03-05.
  20. ^ "#462 Mohammed Ibrahim". Forbes. 2008-03-05.
  21. ^ "#677 Michael Lee-Chin". Forbes. 2008-03-05.
  22. ^ "#701 Michael Lee-Chin - The World's Billionaires 2009". Forbes. 2009-03-11.
  23. ^ "#937 Michael Lee-Chin". Forbes. 2010-03-10.
  24. ^ Luisa Kroll; Matthew Miller (eds.). "The World's Billionaires". Forbes. Archived from the original on 2012-09-18. Retrieved 2011-03-13.
  25. ^ a b c d e "The Nation - Are Dangote and Adenuga truly Nigeria's richest men?". 16 March 2011. Archived from the original on 16 March 2011. Retrieved 25 October 2017.
  26. ^ a b c d "#1638 Mohammed Ibrahim". Forbes.com. Retrieved 25 October 2017.
  27. ^ Nsehe, Mfonobong (March 7, 2012). "The Black Billionaires 2012". Forbes.
  28. ^ Nsehe, Mfonobong. "The Black Billionaires 2016". Forbes. Retrieved 2017-07-21.
  29. ^ Leduff, Charlie; Holson, Laura M. (November 26, 2003). "Debt Is Seen Taking Toll On Jackson's Lavish Style" – via NYTimes.com.
  30. ^ Deutsch, Linda (May 4, 2005). "Forensic accountant tells court Jackson is in financial straits". San Diego Union-Tribune. Archived from the original on March 26, 2017. Retrieved March 25, 2017.
  31. ^ Pulley, Brett (November 21, 2003). "Michael Jackson's Ups And Downs". Forbes. Retrieved May 31, 2015.
  32. ^ Greenburg, Zack O'Malley (August 29, 2018). "Michael Jackson at 60: The King of Pop by the Numbers". Forbes. Retrieved November 14, 2018.
  33. ^ "Stress killed MJ, says ex-publicist". The Times of India. June 27, 2009. Retrieved May 31, 2015.
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