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Sunday, 12 October 2014

IN BOOMING NEWS: Richest Black People 2014 – Forbes Black Billionaires

Four Nigerians are among Africa's 10 ten millionaires list ... that's quite amazing if you'ld ask me.
But wait, Nigerians are natural entrepreneurs and as such not surprised.

How I wish more pepple have the kind of opportunities that these ones had ...

See the list after the cut.

10. Michael Jordan – (American) Net Worth: $1 Billion

Not only is Michael Jordan the world’s greatest basketball player of all time, he is also a very good entrepreneur. He is the current majority owner and chairman of the Charlotte Bobcats basketball team. His achievements speak for it; six-time NBA champion, six-time Finals MVP , three-time All-Star Game MVP, five-time MVP, 10-time scoring champion, 14-time All Star, Defensive Player. He has made his fortune through endorsements with Nike. Michael Jordan’s net worth is at $1 Billion as of June 2014, according to FORBES.

9) Mohammed Ibrahim – (British) Net worth: $1.1 billion

Source of wealth: Mobile and Telecommunications
Born Mohammed Ibrahim best known as Mo Ibrahim, he made his first big deal when he sold Celtel for $3.4 billion back in 2005. This Company was one of the first to serve Africa and the Middle East mobile. In the year 2007 he founded Mo Ibrahim Foundation, which fights corrupt leadership in Africa. This foundation offers a lifetime award that amount to $5 million and it is given over a period of 10 years to the retired African leaders whose leadership was seen as transparent. The foundation also publishes the Ibrahim Index of African Governance by their ability to ensure sustained economic opportunities and the rule of law. He is also the founding member of Satya Capital that’s worth more than $20 million.

8) Abdulsamad Rabiu – (Nigerian) Net worth: $1.4 billion

Source of wealth: Cement and Sugar
New on Forbes list, Abdulsamed Rabiu’s stake in his commodities and cement empire, plus his real estate holdings in both South Africa and London all generates to $1.2 billion. This billionaire earned his bachelor’s degree in economics from Capital University in Columbus, Ohio. When Rabui returned home after his studies he had to take over the business of his father who was ill at the time. Only in the year 1988 he decided to start his own business BUA Group, a Nigerian conglomerate with interest in sugar refining and cement production.

=6) Folorunsho Alakija – (Nigerian) Net worth: $2.7 billion

Source of wealth: Fashion and Oil
The first female billionaire from Nigeria, Folorunsho Alakija made her billions from oil and fashion. She started her business in the 70s after she left her day job as a secretary to focused on her studies in fashion in England. Upon her return to Nigeria she founded Supreme Stitches, that catered fashion for women of high society. She is also the founder of Famfa oil, a company that owns substantial participating interest in OML 127, a lucrative oil block on the Agbami deep water oilfield.

=6) Patrice Motsepe – (South African) Net worth $2.7 billion

Source of wealth: Mining
Raised in very poor rural area, Patrice Motsepe is the first and only black South African billionaire. He is the founder of African Rainbow Minerals (ARM); a Stock Exchange-listed company in Johannesburg. The interest of the company include platinum, nickel, chrome, copper, iron, gold and manganese. He also holds a stake in Sanlam, which is a publicly traded financial service company. In February 2013, Motsepe reported that he will be giving away half of his income to charity. He has benefited from South Africa’s Black Economic Empowerment laws, which states that companies should be at least 26% black-owned in order to get a government mining license.

5) Oprah Winfrey – (American) Net worth: $3 billion

Source of wealth: Media
Oprah Winfrey is the richest African American. The majority of her net worth was generated from her 25 year profitable daytime TV show and earnings from her Harpo production company, which she helped celebrities like Dr Phil, Dr Oz as well as Rachel Ray. She continues to support educational courses and has spent a whopping $100 million to build the Oprah Winfrey Learning Academy for girls in Johannesburg, South Africa.

4) Isabel dos Santos – (Angolan) Net worth: $3.8 billion

Source of wealth: Investments
The daughter of Angola’s president, José Eduardo dos Santos and the current richest woman in Africa. Isabel is a very successful investor; her investments include 25% stake in the Angolian mobile phone company Unitel and 25% stake in Angolian bank Banco Bic SA. She also has a few other investments which make her net worth to more than $3 billion. She is currently the richest black woman and richest woman in Africa.

3) Mike Adenuga – (Nigerian) Net worth: $5.1 billion

Source of wealth: Oil and Telecoms
Mike Adengunga is the founder of Globacom, Nigeria’s second largest mobile phone network which has about 24 million subscribers. Adenuga also owns Coinciol Producing; this company was one of the first Nigerian companies to have an oil license in the early 90’s. He started making his fortune at the age of 26, when he returned to his home town after studying in the U.S.

2) Mohammed Al-Amoudi – (Saudi Arabian) Net worth: $14.7 billion

Source of wealth: Mining and Oil
The son of Ethiopian mother and Saudi father.. He is known to be the second richest black person in the world with a net worth of $15.3 billion. He first made his fortune through his oil refineries, real estate and construction. He was born in Ethiopia; started his business in 1974. He also own oil refiners in Sweden.

1) Aliko Dangote – (Nigerian) Net worth: $25.2 billion

Source of wealth: Cement, Flour sugar
Born in Nigeria, Africa’s richest man is looking beyond sugar, cement and flour. These main three things that has built his fortune; Aliko is now investing in oil  and will be spending over $9 billion on this project. This will help in reducing Nigeria’s dependence on importing oil. Aliko main source of wealth is Dangote cement, established in several African countries.


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