Black billionaires

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Aliko Dangote, the world's wealthiest Black person
Oprah Winfrey at the White House in 2010, the first female black or Afro-multiracial billionaire and the only black billionaire from 2004 to 2006

According to Forbes 2013 ranking of the world's billionaires, Nigerian business magnate Aliko Dangote with a net worth of $16.1 billion is the world's richest black person.[1] The other Blacks on the list are Nigeria's Mike Adenuga with $4.7 billion,[2] South African gold magnate Patrice Motsepe with $2.9 billion, and American Oprah Winfrey at $2.8 billion.

From 2001 to 2003, Forbes listed American television network executive Bob Johnson as a billionaire,[3] but dropped him after his fortune was split in his divorce.[when?][4] He returned to Forbes Billionaire list in 2007 with a net worth of $1.1 billion. In 2008 Johnson's wealth dropped again, this time to approximately $1.0 billion [5] and by 2009 he fell off the list again.

Nigerian petroleum executive Femi Otedola briefly emerged as a billionaire in 2009, but has not been listed in the following years.[6]

Multiracial billionaires with partial Black ancestry have also been identified over the years. Saudi Arabian billionaire Mohammed Al Amoudi, of Hadhrami Yemeni and Ethiopian descent, has been on the Forbes billionaire list since 2002 and in 2012 had a net worth of $12.5 billion.[7] Also included is Mo Ibrahim, a British billionaire of Sudanese Arab and Nubian ancestry,[8] who has been on the Forbes Billionaire list since 2008 and in 2012 had a net worth of $1.1 billion.[9]Michael Lee-Chin of Canada, who is Jamaican of Chinese and Black ancestry was on the list from 2001 to 2010, but dropped off in 2011.[10] In 2013 Isabel Dos Santos who is of both Black and Middle Eastern ancestry made the list with a $2 billion net worth. However as there are competing claims as to what degree multiracial individuals should be considered Black, these individuals have not been universally regarded as being Black billionaires.

Of all the Black or Afro-multiracial billionaires identified by Forbes, only Oprah Winfrey qualified for Forbes 2009's list of the world's 20 most powerful billionaires, a list which considered not only wealth, but also market sway and political clout. Winfrey was considered especially powerful because of her influence on American consumer choices and her pivotal role in getting Barack Obama elected.[11]

Members[edit]

Number of black billionaires, Afro-multiracial billionaires, and all billionaires by year (wealth valuations by Forbes magazine at the time their international billionaire list is released each year)
YearNumber of Black billionairesNumber of Afro-multiracial billionairesNumber of all billionaires
199600423, Richest: Bill Gates $18.5 billionUnited States
199700224, Richest: Sultan Hassanal Bolkiah $38 billion Brunei
199800209, Richest: Bill Gates $51 billionUnited States
199900298, Richest: Bill Gates $55 billionUnited States
200000322, Richest: Bill Gates $60 billionUnited States
20011: Bob Johnson $1.6 billionUnited States1: Michael Lee-Chin $1 billionCanadaJamaica[12]538, Richest: Bill Gates $58.7 billionUnited States
20021: Bob Johnson $1 billionUnited States2: Mohammad Al Amoudi $1.5 billionEthiopiaSaudi Arabia

Michael Lee-Chin $1.1 billionCanadaJamaica[13]

497, Richest: Bill Gates $52.8 billionUnited States
20032: Bob Johnson $1.2 billionUnited States

Oprah Winfrey $1 billionUnited States[14]

2: Mohammad Al Amoudi $1.5 billionEthiopiaSaudi Arabia

Michael Lee-Chin $1.4 billionCanadaJamaica[15]

476, Richest: Bill Gates $40.7 billionUnited States
20041: Oprah Winfrey $1.1 billionUnited States2: Michael Lee-Chin $2.4 billionCanadaJamaica

Mohammad Al Amoudi $1.4 billionEthiopiaSaudi Arabia[16]

587, Richest: Bill Gates $46.6 billionUnited States
20051: Oprah Winfrey $1.3 billionUnited States2: Michael Lee-Chin $2.5 billionCanadaJamaica

Mohammad Al Amoud $2.5 billioniEthiopiaSaudi Arabia

691, Richest: Bill Gates $46.5 billionUnited States
20061, Oprah Winfrey $1.4 billionUnited States2: Mohammad Al Amoudi $6.9 billionEthiopiaSaudi Arabia

Michael Lee-Chin $2.1 billionCanadaJamaica[17]

793, Richest: Bill Gates $50 billionUnited States
20072: Oprah Winfrey $1.5 billionUnited States

Bob Johnson $1.1 billionUnited States[18]

2: Mohammad Al Amoudi $8 billionEthiopiaSaudi Arabia

Michael Lee-Chin $1.6 billionCanadaJamaica[19]

946, Richest: Bill Gates $56 billionUnited States
20084: Aliko Dangote $3.3 billionNigeria

Oprah Winfrey $2.5 billionUnited States[20] Patrice Motsepe $2.4 billionSouth Africa[21]

Bob Johnson $1 billionUnited States [5]

3: Mohammad Al Amoudi $9 billionEthiopiaSaudi Arabia Mo Ibrahim $2.5 billion United Kingdom[22]

Michael Lee-Chin $1.8 billionCanadaJamaica[23]

1,125, Richest: Warren Buffet $62 billionUnited States
20094: Oprah Winfrey $2.7 billion United States Aliko Dangote $2.5 billionNigeria

Femi Otedola $1.6 billion Nigeria

Patrice Motsepe $1.3 billion South Africa

3: Mohammad Al Amoudi $9 billionEthiopiaSaudi Arabia

Mo Ibrahim $2 billion United Kingdom[24]

Michael Lee-Chin $1 billionCanadaJamaica[25]

793, Richest: Bill Gates $40 billionUnited States
20103: Oprah Winfrey $2.4 billion United States

Patrice Motsepe $2.3 billion South Africa Aliko Dangote $2.1 billionNigeria

3: Mohammad Al Amoudi $10 billionEthiopiaSaudi Arabia

Mo Ibrahim $2 billion United Kingdom[26]

Michael Lee-Chin $1 billionCanadaJamaica[27]

1,011, Richest: Carlos Slim Helu & family $53.5 billion[28] Mexico
20114:Aliko Dangote $13.8 billionNigeria[2]

Patrice Motsepe $3.3 billion South Africa

Oprah Winfrey $2.7 billionUnited States

Mike Adenuga $2 billionNigeria [2]

2: Mohammad Al Amoudi $12.3 billionEthiopiaSaudi Arabia

Mo Ibrahim $1.8 billionUnited Kingdom [9]

1,210, Richest: Carlos Slim Helu & family $74 billionMexico
2012 [1]4:Aliko Dangote $11.2 billionNigeria[2]

Mike Adenuga $4.3 billionNigeria [2]

Patrice Motsepe $2.7 billion South Africa

Oprah Winfrey $2.7 billionUnited States

2: Mohammad Al Amoudi $12.5 billionEthiopiaSaudi Arabia

Mo Ibrahim $1.1 billionUnited Kingdom [9]

1,210, Richest: Carlos Slim Helu & family $69 billionMexico [29]
20134:Aliko Dangote $16.1 billionNigeria[2]

Mike Adenuga $4.7 billionNigeria

Patrice Motsepe $2.9 billion South Africa Oprah Winfrey $2.8 billionUnited States

3: Mohammad Al Amoudi $13.5 billionEthiopiaSaudi Arabia Isabel Dos Santos $2 billionAngola

Mo Ibrahim $1.1 billionUnited Kingdom [9]

1,426, Richest: Carlos Slim Helu & family $73 billionMexico

Michael Jackson[edit]

On February 6, 2003, Martin Bashir asked Michael Jackson how much he was worth, and Jackson replied "It's way up there." Bashir then asked, "A billion dollars?" to which Jackson replied "It's over there." Bashir asked for confirmation: "Over a billion dollars!" to which the star replied "Yes." When the interview was aired in the US, broadcaster Barbara Walters replied, saying, “As for his claim to be worth over a billion dollars,” Walters explained, “his actual worth is in the two or three hundred million range. That’s hardly bad, but it’s nowhere near a billion”.

There have also been several more detailed estimates of Jackson's net worth. At his richest, he may have been worth as much as $350 million:

Michael Jackson's estimated net-worth over the years
YearAssetsDebtNet worthSource
2002$130 million$415 million-$285 millionForensic accountant in 2005 recalling Jackson's 2002 balance sheet under oath[30]
2003$550 million ($100 million in properties including Neverland ranch; Encino and Las Vegas homes and other properties and $450 million in music holdings including 50% stake in Sony ATV and other music publishing)$200 million$350 millionForbes magazine, Nov 21, 2003[31]
2007$567.6 million (includes 50% share of the Sony/ATV catalog valued at $390.6 million, Neverland valued at $33 million, cars, antiques, collectibles and other property valued at $20 million, and $668,215 in cash)$331 million$236 millionMichael Jackson's March 2007 statement of financial condition prepared by Washington-based accounting firm Thompson, Cobb, Bazilio & Associates; described by CBS News as the clearest account yet of Jackson's finances.[32]

Cultural reference[edit]

Billionaire Boys Club is a line of sportswear that is the brother company to A Bathing Ape founded by musician Pharrell Williams and designer Nigo with stores in New York City, Tokyo, Hong Kong, and London.

See also[edit]

References[edit]

  1. ^ a b Nsehe, Mfonobong. Forbes http://www.forbes.com/sites/mfonobongnsehe/2012/03/07/the-black-billionaires-2012/ |url= missing title (help). 
  2. ^ a b c d e f [1][dead link]
  3. ^ Brett Pulley (2001-10-08). "The Cable Capitalist". Forbes. Retrieved 2006-05-11. 
  4. ^ Michael P. Regan (2004-02-27). "Billionaires' ranks open to 'Harry Potter' author". Arizona Daily Star. Retrieved 2006-05-11. 
  5. ^ a b "#1062 Robert Johnson". Forbes. 2008-03-05. 
  6. ^ Obusan, Claire. "In Pictures: New Billionaires". Forbes. 
  7. ^ Forbes http://www.forbes.com/profile/mohammed-al-amoudi/ |url= missing title (help). 
  8. ^ http://www.busiweek.com/index.php?option=com_content&task=view&id=4021&Itemid=39 East African Business Week
  9. ^ a b c d Forbes http://www.forbes.com/profile/mohammed-ibrahim |url= missing title (help). 
  10. ^ Forbes http://www.forbes.com/profile/michael-lee-chin |url= missing title (help). 
  11. ^ Bertoni, Steven; Farrell, Andrew; Greenberg, Duncan. "In Pictures: The World's Most Powerful Billionaires". Forbes. Archived from the original on 2012-09-06. 
  12. ^ Forbes http://www.forbes.com/finance/lists/10/2001/LIR.jhtml?passListId=10&passYear=2001&passListType=Person&uniqueId=7TE8&datatype=Person |url= missing title (help). [dead link]
  13. ^ Forbes http://www.forbes.com/finance/lists/10/2002/LIR.jhtml?passListId=10&passYear=2002&passListType=Person&uniqueId=7TE8&datatype=Person |url= missing title (help). [dead link]
  14. ^ Forbes http://www.forbes.com/finance/lists/10/2003/LIR.jhtml?passListId=10&passYear=2003&passListType=Person&uniqueId=O0ZT&datatype=Person |url= missing title (help). [dead link]
  15. ^ Forbes http://www.forbes.com/finance/lists/10/2003/LIR.jhtml?passListId=10&passYear=2003&passListType=Person&uniqueId=7TE8&datatype=Person |url= missing title (help). [dead link]
  16. ^ Forbes http://www.forbes.com/finance/lists/10/2004/LIR.jhtml?passListId=10&passYear=2004&passListType=Person&uniqueId=AQ88&datatype=Person |url= missing title (help). [dead link]
  17. ^ Forbes http://www.forbes.com/lists/2006/10/7TE8.html |url= missing title (help). 
  18. ^ "#840 Robert Johnson". Forbes. 2007-03-08. 
  19. ^ "#618 Michael Lee-Chin". Forbes. 2007-03-08. 
  20. ^ "#462 Oprah Winfrey". Forbes. 2008-03-05. 
  21. ^ "#503 Patrice Motsepe". Forbes. 2008-03-05. 
  22. ^ "#462 Mohammed Ibrahim". Forbes. 2008-03-05. 
  23. ^ "#677 Michael Lee-Chin". Forbes. 2008-03-05. 
  24. ^ "#334 Mohammed Ibrahim - The World's Billionaires 2009". Forbes. 2009-03-11. 
  25. ^ "#701 Michael Lee-Chin - The World's Billionaires 2009". Forbes. 2009-03-11. 
  26. ^ "#463 Mohammed Ibrahim". Forbes. 2010-03-10. 
  27. ^ "#937 Michael Lee-Chin". Forbes. 2010-03-10. 
  28. ^ Kroll, Luisa (2010-03-10). "The World's Billionaires". Forbes. Archived from the original on 2012-09-18. 
  29. ^ Forbes http://www.forbes.com/billionaires/gallery |url= missing title (help). 
  30. ^ Deutsch, Linda. "Forensic accountant tells court Jackson is in financial straits". Utsandiego.com. Retrieved 2012-06-11. 
  31. ^ Brett Pulley, 11.21.03, 4:45 PM ET. "Michael Jackson's Ups And Downs". Forbes.com. Retrieved 2012-10-16. 
  32. ^ June 30, 2009, 1:47 PM (2009-06-30). "Family: Michael Jackson Had A Will". CBS News. Retrieved 2012-10-16.