Home Business Africa’s Richest Black Billionaires 2024: Diverse Entrepreneurs Driving Economic Empowerment
BusinessFinance

Africa’s Richest Black Billionaires 2024: Diverse Entrepreneurs Driving Economic Empowerment

806

Africa boasts a continent rich with enterprising individuals, producing world-class businessmen. Notably, among Africa’s top billionaires are some who may not fit the stereotypical image, as they are white entrepreneurs with ancestral roots outside the continent. Despite their significant contributions to Africa’s economy, their identification as African billionaires sometimes sparks debate.

In contrast, black African billionaires are emblematic of the continent’s diversity, offering powerful representation for aspiring business people. Their success serves as a beacon, showcasing the potential for individuals with core African heritage to overcome historical inequalities and thrive in the business world. This, in turn, contributes to broader economic empowerment across Africa.

For 2024, Forbes’ real-time billionaire index highlights the following as the richest black billionaires in Africa:

1. Dangote: $9.8 billion, Nigeria, Cement, Sugar.

2. Abdulsamad Rabiu: $6.0 billion, Nigeria, Cement, Sugar.

3. Mike Adenuga: $3.1 billion, Nigeria, Telecom.

4. Patrice Motsepe: $2.4 billion, South Africa, Mining.

5. Strive Masiyiwa: $1.9 billion, Zimbabwe, Telecom.

Read: U.S Comment On Burundi President’s Call to Stone Gay People, Urges Respect For Human Rights

About The Author

Written by
Ikenna Churchill

Culture storyteller

Related Articles

Nigeria’s External borrowing
FinanceNews

Tinubu Government Delays Release of Signed Tax Acts to the Public

Four days after President Bola Tinubu announced the signing of four tax...

BusinessNews

You Can’t Tax a Dead Economy: Nigeria Is Suffocating Under Its Own Policies

As Nigeria’s Central Bank clings to its benchmark interest rate of 27.5...

FinanceNews

DR Congo, Rwanda to Sign US-Mediated Peace Deal  

The Democratic Republic of Congo (DRC) and Rwanda are set to sign...

FinanceNews

Missing ₦210tn: Nigerian Senate Rejects NNPCL’s Retreat Excuse, Gives 10-Day Ultimatum to Appear Before Probe Panel

The Nigerian National Petroleum Company Limited (NNPCL) on Thursday failed to appear...