Hello Displorers, Welcome back to another exciting video and thanks for watching. In today’s video, we shall be counting down the Top 10 Black Billionaires in the world. Black billionaires are individuals of Black African ancestry with a net worth of at least US$1 billion. These are black people that have worked hard to becoming billionaire in a white dominated world. Of the 2,153 people who made it to the 2019 FORBES list of the World’s Billionaires, 13 of them are black, up from 11 a year ago. They’re comprised of media moguls, telecom giants, and more.
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So with any further ado her are the top 10 Black Billionaires in the world.
10. Abdulsamad Rabiu – Networth $1.6 billion
Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate with interests in sugar refining, cement production, real estate, steel, port concessions, manufacturing, oil gas and shipping. BUA Group’s annual revenues are estimated at over $2 billion. Abdulsamad got his start in business working for his father, Isyaku Rabiu, a successful businessman from Nigeria’s Northern region. In December 2018, Rabiu merged his privately-owned Kalambaina Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. He struck out on his own in 1988, importing rice, sugar, edible oils as well as steel and iron rods
9. Michael Lee-Chin and Micheal Jordan Networth, $1.9 billion
Michael Lee-Chin is a Jamaican-Canadian business magnate, investor and philanthropist who serves as the Chairman and CEO of Portland Holdings Inc., a privately-held investment holding company headquartered in Ontario, Canada. In 2016 Michael Lee-Chin was appointed chairman of the government of Jamaica’s Economic Growth Council Michael and in 2017 Lee-Chin was appointed to the Order of Ontario. The Order of Ontario is the province’s highest honour. Micheal Lee Chin is currently has an estimated networth of $1.9B dollars making him the 20th Richest man in canada. Now, whether you are from the United states or not you probably must have heard about Micheal Jordan. Micheal Jordan is an American former professional basketball player and the principal owner of the Charlotte Hornets of the National Basketball Association (NBA). He played 15 seasons in the NBA, winning six championships with the Chicago Bulls. He paved the path for so many young kids aspiring to be just like him, And now even though he’s retired his fame and records are still remembered. Playing basketball and landing brandls deals such as the one he has with nikee brought him 1.9 billiona dollars as forbes has estimated, Even today, he still makes more more than any other active player in the NBA and still has sponsorship deals company like Gatorade and Harnes.
8. Patrice Motsepe – Networth – $2.2 Billion
Heading back to Africa we move on to Patrice Motsepe, a mining Billionaire from south Africa who is the founder and chairman of African Rainbow Minerals, he became a billionaire in 2008 – the first black African on the Forbes list. In 2016, he launched a new private equity firm, African Rainbow Capital, focused on investing in Africa. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. He became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a contracting business doing mine scut work. In 1994, he bought low-producing gold mine shafts and later turned them profitable. He is also the first black Billionaire to sign the Giving Pledge alongside billionaire like bill gate and Warren Buffet. Nowadays he is a respected businessman and is often as speaker to conferences and seminars.
7. Isabel Dos Santos – Networth – $2.3B Dollars
Dos Santos is the oldest daughter of Angola’s longtime former president, Jose Eduardo dos Santos, who stepped down in fall 2017. Her father made her head of Sonangol, Angola’s state oil firm, in June 2016, but Angola’s new president removed her from that role in November 2017. Forbes research found that while president, Isabel’s father transferred to her stakes in several Angolan companies, including banks and a telecom firm. She owns shares of Portuguese companies, including telecom and cable TV firm Nos SGPS. A spokesperson for Isabel told Forbes that she “is an independent business woman and a private investor representing solely her own interests.”
6. Strive Masiyiwa – Networth – $2.8B Dollars
Strive Masiyiwa made this list because his life was a constant struggle and he is a billionaire worth mentioning. He overcame protracted government opposition to launch mobile phone network Econet Wireless Zimbabwe in his country of birth in 1998. He owns just over 50% of the publicly-traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group. Masiyiwa also owns just over half of private company Liquid Te
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