Top 10 Black Millionaires & Billionaires Of 2021 | Money Moverz

TOP 10 BLACK MILLIONAIRES & BILLIONAIRES OF 2021

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According to Forbes, the overall number of billionaires in 2017 climbed to 2,043 from 1,810 the
previous year, a 13 percent gain. This was without a doubt the most significant increase in the
list in more than three decades. Here's another fact for you: less than 1% of those 2000+
millionaires are black or have black ancestors.

Robert Louis Johnson, a television executive and American entrepreneur, became the first
African-American billionaire in 2001 when he sold his cable television network (BET) to Viacom
for $3 billion. Only a few African businesspeople have risen to the occasion since then.
10. Folorunsho Alakija-Net Worth: $1 billion
Nigeria’s Folorunso Alakija is a self-made billionaire, who is involved in fashion, printing and oil
business. She started her business career by establishing a tailoring company named Supreme
Stitches. After witnessing her company’s meteoric rise in popularity, she soon launched another
successful fashion company The Rose of Sharon Group.
She then entered the oil business in 1993 and currently serves the vice chair of the Nigerian oil
company Famfa Oil. In 2015, Alakija was named the second most powerful woman in the entire
African continent just after fellow Nigerien Ngozi Okonjo-Iweala.
9. Mohammed Ibrahim -Net Worth: $1.1 billion
The 71-year-old, Sudanese-British billionaire made most of his wealth by selling the
telecommunication company Celtel, which he founded back in 1998. Before the deal, the
company already had over 24 million subscribers across 14 different African nations. After the
multi-billion dollar deal, Mo Ibrahim now spent most of his time promoting better governance in
Africa.
His Mo Ibrahim Foundation, recognizes good governance in the continent and rewards over $5
million to the head of the states. The foundation also publishes the popular Ibrahim Index of
African Governance, ranking all African nations in areas such as human rights, law enforcement
and overall productivity.
8. Michael Jordan-Net Worth: $1.9 billion
Michael Jordan is widely considered as the greatest basketball player of all time. During his
playing career, he not only influenced the next generation of players, but popularized the entire
NBA brand all around the world. During his 15 year-long career, Jordan was the NBA's highest
paid player on two occasions.
The majority of his wealth comes from earlier and current sponsorship deals with some of the
biggest companies in the sports industry. In 2017, Jordan penned down a $110 million deal with
Nike. He also maintains a healthy endorsement relationship with companies like Hanes,
Gatorade and Upper Deck.
Alongside several restaurants, he also owns a professional basketball team Charlotte Hornets,
which he bought for about $275 million from Robert L. Johnson in 2010.
7. Isabel dos Santos-Net Worth: $2.2 billion
Isabel dos Santos is the eldest child of Angola’s former President Jose Eduardo dos Santos. In
2013, a Forbes article suggested that most of her wealth comes from her father’s influence and
connections, and he transferred his shares in large national telecom companies and banks to
Isabel before his presidential term came to an end.
She first appeared in the Forbes list of richest people in 2013 and was named one of the 100
most influential women in the world by BBC in 2015. She has made huge investments in several
Portuguese and Dutch companies such as NOS, SGPS S.A to expand her telecommunication
business.
6. Patrice Motsepe-Net Worth: $2.4 billion
Patrice Motsepe is currently the fourth richest person in South Africa. Motsepe became a
billionaire in 2008, and entered the Forbes list as the first black South African billionaire. He is
the founder of African Rainbow Minerals, a mining company dealing in gold, metals, platinum
and other minerals. He also has stakes in Absa Group and Sanlam, both are financial
institutions, headquartered in Cape Town.
5. Oprah Winfrey-Net Worth: $2.7 billion
Oprah Winfrey is the richest African-American and the first black female billionaire in the world.
For those who don’t know, Oprah is an American producer, philanthropist, and mostly famous
for the talk show, The Oprah Winfrey Show, which became the highest-rated TV show in the world....

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