Aliko Dangote, Other Africans Top Forbes’ Black Billionaires List Ahead of Americans

Nigerian magnate and CEO of Dangote Group, Aliko Dangote has maintained his position as the richest black man in the world, says the recent Forbes Billionaires list.

With a $13.5 billion net worth, Aliko Dangote has remained top on the list and consistent for the past 12 years. 

However, the only female billionaire in Nigeria, Folorunsho Alakija didn’t make the latest top black Billionaires list. 

The only female included in the list was America’s talk show host, Oprah Winfrey, one of the world’s wealthiest black women.

Investors King understands that the list of black billionaires in the world has been low as there is a lingering wealth gap between the rich whites and blacks for years even at the face of eradicating racial inequality.

Forbes penned in its Black Billionaires list which is majorly dominated by Africans, three Nigerian moguls.

Those on the list are Johann Rupert, a South African businessman and owner of luxury goods firm, Richemont with a $10.7 billion net worth. He is Africa’s second richest man. 

Next on the list is an American billionaire and CEO of Vista Equity Partners, a private firm that deals in software firms, Robert F. Smith with $8 billion.

Nigeria’s Abdulsamad Rabiu, the Chairman of BUA Group into the production of cement, sugar and food items and closest rival of Dangote is on the list with a $7.6 billion net worth.

Also, Nassef Sawiris, an Egyptian billionaire business mogul who owns Orascom Construction, an engineering firm in the Middle East and Africa. With a net worth of $7.3 billion, his construction company is the largest in Africa operating in over 25 countries. 

Another Nigerian included on the list is Mike Adenuga with $6.3 billion. He is a telecoms and oil mogul who founded one of Nigeria’s leading telecommunications companies and owns Conoil, a Nigerian oil exploration company.

Issad Rebrab with $4.6 billion made the billionaires list as well. He is an Algerian businessman and owner of Cevital, an Algerian conglomerate into food processing, retail, real estate, and automotive industries. He is the largest private employer of workers in Algeria.