{"id":5466,"date":"2019-04-14T22:50:55","date_gmt":"2019-04-14T22:50:55","guid":{"rendered":"http:\/\/nigeriastandardnewspaper.com\/ng\/?p=5466"},"modified":"2019-04-14T22:50:55","modified_gmt":"2019-04-14T22:50:55","slug":"nigerias-aliko-dangote-is-richest-black-billionaire-in-the-world-in-2019-fortune-at-10-9billion-forbes-oprah-winfreys-entire-worth-at-2-5-billion-michael-jordan-valued-at-1-9billion","status":"publish","type":"post","link":"https:\/\/nigeriastandardnewspaper.com\/a\/nigerias-aliko-dangote-is-richest-black-billionaire-in-the-world-in-2019-fortune-at-10-9billion-forbes-oprah-winfreys-entire-worth-at-2-5-billion-michael-jordan-valued-at-1-9billion\/","title":{"rendered":"‘Nigeria’s ALIKO DANGOTE is Richest Black Billionaire in the world in 2019, fortune at $10.9billion’-FORBES …Oprah Winfrey’s entire worth at $2.5 billion, Michael Jordan valued at $1. 9billion * Mike Adenuga net worth at $9.1 billion, Robert F. Smith: $5 billion * David Steward is worth $ 3 billion, Strive Masiyiwa: $2.4 billion, Michael Lee-Chin: $1.9 billion * Isabel Dos Santos: $2.3 billion, Patrice Motsepe: $2.3 billion, Abdulsamad Rabiu: $1.6 billion *Folorusho Alakija’s estimated valued at $1.1billion, Mohammed Ibrahim: $1.1 billion * 2,153 people made it to the 2019 FORBES list of the World’s Billionaires, 13 are Blacks BY GEORGE ELIJAH OTUMU\/AMERICAN Foreign Bureau Chief"},"content":{"rendered":"\n
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‘Nigeria’s\nALIKO DANGOTE is Richest Black Billionaire in the world in 2019,\nfortune at $10.9billion’<\/strong>–<\/strong>FORBES<\/strong><\/p>\n\n\n\n

…Oprah\nWinfrey’s entire worth at $2.5 billion, Michael Jordan valued at $1.\n9billion<\/strong><\/p>\n\n\n\n

*\nMike\nAdenuga net worth at <\/strong>$9.1\nbillion, Robert F. Smith: $5 billion<\/strong><\/p>\n\n\n\n

*\nDavid\nSteward is worth $ 3 billion, Strive Masiyiwa: $2.4 billion, Michael\nLee-Chin: <\/strong>$1.9\nbillion<\/strong><\/p>\n\n\n\n

*\nIsabel\nDos Santos: $2.3 billion, Patrice Motsepe: $2.3 billion, Abdulsamad\nRabiu: $1.6 billion<\/strong><\/p>\n\n\n\n

*Folorusho\nAlakija’s estimated valued at $1.1billion, Mohammed Ibrahim: $1.1\nbillion<\/strong><\/p>\n\n\n\n

*\n2,153 people made it to the 2019 FORBES list of the World’s\nBillionaires, 13 are Blacks<\/strong><\/p>\n\n\n\n

BY\nGEORGE ELIJAH OTUMU\/AMERICAN Foreign Bureau Chief<\/strong><\/p>\n\n\n\n

THIS\nYEAR’S FORBES IS VERY REMARKABLE WITH 2,153 PEOPLE MADE IT TO THE\nELITIST LIST OF WORLD’S BILLIONAIRES. Interestingly, 13 of these\nbillionaires are blacks, which is up from 11 a year ago. ALIKO\nDANGOTE, Nigeria’s Cement tycoon still remains the richest black\nperson in the world with a fortune estimated at $10.9 billion. He\u2019s\nclosely followed by Nigerian oil and telecoms mogul Mike Adenuga. <\/strong>\n<\/p>\n\n\n\n

American\nbusinessman David Stewart, who is majority owner of World Wide\nTechnology, an $11.2 billion (sales) IT provider, whose customers\ninclude Citi, Verizon and the federal government, joins the Black\nBillionaires Club with a fortune FORBES estimates at $3 billion.\nNigerian businessman, Abdulsamad Rabiu, who made his fortune in\ncement, flour, edible oils and real estate, returns to the 3-Comma\nclub after a multi-year hiatus. \n<\/p>\n\n\n\n

He\nlast featured on the FORBES list of the World\u2019s Billionaires in\n2014. In December 2018, Rabiu merged his privately owned Kalambaina\nCement Company with listed firm Cement Co. of Northern Nigeria, which\nhe controlled. The new, larger company has a market capitalization of\nmore than $800 million, with Rabiu owning more than 90% of the\ncompany\u2019s stock. The value of his shares in the new Cement Co. of\nNorthern Nigeria provided a shot in the arm to his fortune, which\nFORBES estimates at $1.6 billion.<\/p>\n\n\n\n

Nigeria\u2019s\nFolorunsho Alakija, American TV mogul, Oprah Winfrey and Angolan\ninvestor Isabel dos Santos still remain the only black female\nbillionaires in the world.<\/p>\n\n\n\n

\nThese\nare the 13 richest black people on earth:<\/strong><\/p>\n\n\n\n


Aliko\nDangote: <\/strong>$10.9\nbillion<\/strong><\/p>\n\n\n\n

Nigerian,\nSugar, Cement, Flour<\/em><\/p>\n\n\n\n

\nThe\nCement and commodities tycoon retains his title as the world\u2019s\nrichest black man this year. After building his fortune in sugar,\nflour and cement, the Nigerian tycoon is embarking on his most\nambitious project to date- a private oil refinery in Nigeria which\nwill have a refining capacity of 6500,000 barrels a day and is\nexpected to reduce Nigeria\u2019s dependence on oil imports. Dangote\nstarted out in business more than 3 decades ago by trading in\ncommodities like cement, flour and sugar with a loan he received from\nhis maternal uncle and went on to build the Dangote Group, the\nlargest industrial conglomerate in West Africa.<\/p>\n\n\n\n

Mike\nAdenuga: <\/strong>$9.1\nbillion<\/strong><\/p>\n\n\n\n

Nigerian,\nOil, Telecoms<\/em><\/p>\n\n\n\n

\nNigerian-born\nMike Adenuga, the world\u2019s second richest black person, built his\nfortune in oil and mobile telecoms. His Conoil Producing Company was\none of the first indigenous Nigerian companies to be granted an oil\nexploration license in the early 90s. The company is the operator of\nsix blocks in the Niger Delta and also owns a25% stake in the Joint\nDevelopment Zone (JDZ) Block 4. He is also the founder and sole owner\nof Globacom, a Nigerian mobile phone network that has more than 40\nmillion subscribers in Nigeria and neighboring African countries. His\nproperty company, Cobblestone Properties, owns hundreds of prime\nresidential and commercial property all over Nigeria.<\/p>\n\n\n\n

\nRobert\nF. Smith: $5 billion<\/strong><\/p>\n\n\n\n

American,\nPrivate Equity<\/em><\/p>\n\n\n\n

\nRobert\nF. Smith, a former Goldman Sachs executive, is the founder of private\nequity firm Vista Equity Partners that focuses exclusively on\ninvesting in software companies. The firm has more than $46 billion\nin assets and is one of the best-performing private equity firms,\nposting annualized returns of 22% since inception.<\/p>\n\n\n\n

\nDavid\nSteward: $ 3 billion<\/strong><\/p>\n\n\n\n

American,\nTech<\/em><\/p>\n\n\n\n

\nDavid\nSteward is the cofounder and chairman of IT provider World Wide\nTechnology, World Wide Technology, an $11.2 billion (sales) IT\nprovider, whose customers include Citi, Verizon and the federal\ngovernment.<\/p>\n\n\n\n

\nOprah\nWinfrey: $2.5 billion<\/strong><\/p>\n\n\n\n

American,\nTelevision<\/em><\/p>\n\n\n\n

\nOprah\nis still the richest African-American woman in the world thanks\nlargely to the 25 years of her profitable daytime TV show and\nearnings from her Harpo production company. Her cable channel, OWN\n(Oprah Winfrey Network) is also cash flow positive for the first time\nand is enjoying favorable ratings as a result of securing exclusive\nTV interviews with headline-grabbers like disgraced cyclist Lance\nArmstrong, Beyonce and gay NBA player Jason Collins. One of America\u2019s\nmost generous philanthropists, Oprah continues to give to education\ncauses and has spent about $100 million on the Oprah Winfrey\nLeadership Academy for Girls in South Africa.<\/p>\n\n\n\n

\nStrive\nMasiyiwa: $2.4 billion<\/strong><\/p>\n\n\n\n

Zimbabwean,\nTelecoms<\/em><\/p>\n\n\n\n

\nMasiyiwa,\nwho is worth $2.4 billion, is the founder of Econet, one of the\nleading mobile telecoms companies in Africa. It has more than 10\nmillion subscribers spread across Zimbabwe, Botswana, Burundi and\nLesotho. In February, he pledged the sum of $100 million to establish\na fund to invest in rural entrepreneurs in Zimbabwe.<\/p>\n\n\n\n

\nIsabel\nDos Santos: $2.3 billion<\/strong><\/p>\n\n\n\n

Angolan,\nInvestments<\/em><\/p>\n\n\n\n

The\noldest daughter of Angola\u2019s former president, Isabel dos Santos has\nbuilt an impressive investment portfolio what includes a 25% stake in\nAngolan mobile phone company Unitel and a 25% stake in Angolan BIC\nSA. Other holdings include a substantial stake in Nos SGPS, a\nPortuguese cable TV company and just under 20% of Banco BPI, one of\nPortugal’s largest publicly traded banks.<\/p>\n\n\n\n

Patrice\nMotsepe: $2.3 billion<\/strong><\/p>\n\n\n\n

South\nAfrican, Mining<\/em><\/p>\n\n\n\n

\nSouth\nAfrica\u2019s first and only black billionaire is the founder of African\nRainbow Minerals (ARM), a Johannesburg Stock Exchange-listed mining\ncompany that has in platinum, nickel, chrome, iron, manganese, coal,\ncopper and gold. He also owns a large stake in African Rainbow\nCapital, a private equity firm focusing on investments in the\nfinancial services sector.<\/p>\n\n\n\n

Michael\nJordan: <\/strong>$1.9\nbillion<\/strong><\/em><\/p>\n\n\n\n

American,\nBasketball<\/em><\/p>\n\n\n\n

\nBasketball’s\ngreatest player is the majority shareholder of Charlotte Bobcats and\nenjoys lucrative deals with the likes of Gatorade, Hanes and Upper\nDeck. His biggest pile comes from Brand Jordan, a $1 billion (sales)\nsportswear partnership with Nike.<\/p>\n\n\n\n

Michael\nLee-Chin: <\/strong>$1.9\nbillion<\/strong><\/p>\n\n\n\n

Canadian,\nInvestments<\/em><\/p>\n\n\n\n

\nLee-Chin,\na Canadian of Jamaican origin, made a fortune investing in financial\ncompanies. He owns a 65% stake in National Commercial Bank Jamaica,\nwhich makes up the bulk of his fortune.<\/p>\n\n\n\n

\nAbdulsamad\nRabiu: $1.6 billion<\/strong><\/p>\n\n\n\n

Nigerian,\nCement, Sugar<\/em><\/p>\n\n\n\n

\nAbdulsamad\nRabiu is the founder of BUA Group, a Nigerian conglomerate with\ninterests in sugar refining, cement production, real estate, steel,\nport concessions, manufacturing, oil gas and shipping. BUA Group\u2019s\nannual revenues are estimated at over $2 billion. Abdulsamad got his\nstart in business working for his father, Isyaku Rabiu, a successful\nbusinessman from Nigeria\u2019s Northern region. He struck out on his\nown in 1988, importing rice, sugar, edible oils as well as steel and\niron rods.<\/p>\n\n\n\n

Folorunsho\nAlakija: <\/strong>$1.1\nbillion<\/strong><\/em><\/p>\n\n\n\n

Nigerian,\nOil<\/em><\/p>\n\n\n\n

\nNigeria\u2019s\nfirst female billionaire is the founder of Famfa Oil, a Nigerian\ncompany that owns a substantial participating interest in OML 127, a\nlucrative oil block on the Agbami deep-water oilfield in Nigeria.\nAlakija started off as a secretary in a Nigerian merchant bank in the\n1970s, then quit her job to study fashion design in England. Upon her\nreturn, she founded a Nigerian fashion label that catered to upscale\nclientele, including Maryam Babangida, wife to Nigeria’s former\nmilitary president Ibrahim Babangida.<\/p>\n\n\n\n

Mohammed\nIbrahim: <\/strong>$1.1\nbillion<\/strong><\/p>\n\n\n\n

British,\nMobile Telecoms, Investments<\/em><\/p>\n\n\n\n

\nSudanese-born\nMohammed “Mo” Ibrahim founded Celtel International in 1998,\none of the first mobile phone companies serving Africa and the Middle\nEast. He sold it to Kuwait’s Mobile Telecommunications Company for\n$3.4 billion in 2005 and pocketed $1.4 billion. In 2006 he founded\nthe Mo Ibrahim Foundation which promotes good governance in Africa.<\/p>\n\n\n\n

\n#Additional\nreports by Forbes<\/p>\n","protected":false},"excerpt":{"rendered":"

‘Nigeria’s ALIKO DANGOTE is Richest Black Billionaire in the world in 2019, fortune at $10.9billion’–FORBES …Oprah Winfrey’s entire worth at $2.5 billion, Michael Jordan valued at $1. 9billion * Mike Adenuga net worth at $9.1 billion, Robert F. Smith: $5 billion * David Steward is worth $ 3 billion, Strive Masiyiwa: $2.4 billion, Michael Lee-Chin: […]<\/p>\n","protected":false},"author":2,"featured_media":5467,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[110],"tags":[],"class_list":["post-5466","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"_links":{"self":[{"href":"https:\/\/nigeriastandardnewspaper.com\/a\/wp-json\/wp\/v2\/posts\/5466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nigeriastandardnewspaper.com\/a\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nigeriastandardnewspaper.com\/a\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nigeriastandardnewspaper.com\/a\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/nigeriastandardnewspaper.com\/a\/wp-json\/wp\/v2\/comments?post=5466"}],"version-history":[{"count":0,"href":"https:\/\/nigeriastandardnewspaper.com\/a\/wp-json\/wp\/v2\/posts\/5466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nigeriastandardnewspaper.com\/a\/wp-json\/wp\/v2\/media\/5467"}],"wp:attachment":[{"href":"https:\/\/nigeriastandardnewspaper.com\/a\/wp-json\/wp\/v2\/media?parent=5466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nigeriastandardnewspaper.com\/a\/wp-json\/wp\/v2\/categories?post=5466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nigeriastandardnewspaper.com\/a\/wp-json\/wp\/v2\/tags?post=5466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}