![]() In absolute numbers, the total number of billionaires rose by over 1,100 while the number of Black billionaires rose by just nine people. Since 2011, Black billionaires have made up fewer than 1% of all billionaires worldwide. Unfortunately, little progress has been made with regards to the proportion of Black billionaires. He recently sold half of his champagne brand to LVMH, the parent company of Dom Pérignon. Jay-Z has built a diversified business empire, including investments in a fine art collection, an entertainment company, a clothing line, and alcohol brands. However, the rapper’s wealth goes far beyond his music. The company has since grown to be the largest Black-owned business in America with over $13.4 billion in annual revenue and more than 7,000 employees.īest known for his music career, Shawn Carter, more commonly known as Jay-Z, is number 14 on the list. Steward had decided he wanted to be part of the technological revolution and founded the company in 1990, before the first internet browser had even been created. The fifth richest Black person, David Steward, owns the technology solutions provider World Wide Technology. In addition, Dangote also has investments in salt and sugar manufacturing companies. The company’s stock price went up more than 30% over the last year. He owns 85% of publicly-traded Dangote Cement, Africa’s largest cement producer. ![]() Here is the how the full list breaks down:Īliko Dangote is the richest Black billionaire, and has held the title since 2013. Altogether, there are 15 Black billionaires with a combined wealth of $48.9 billion. The data is as of February 24, 2021, and includes bi/multi racial individuals with Black ancestry. In this graphic, we used the Forbes real-time billionaire list to highlight the most financially successful Black people, and the source(s) of their wealth. Who are the select few who made it into the ranks of the world’s richest people? Black billionaires make up fewer than 1% of all billionaires worldwide.
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