The richest black man in the world in 2017

The richest black man in the world in 2017

Today, black billionaires play active roles in global business and finance. From this article, you’ll find who the richest black man in the world is.

Richest man

Bill Gates, Warren Buffett and Jeff Bezos are some of the richest people in the world but they are not the only billionaires. There are 2,043 people with nine zeros in their net worth today. And the earnings of the 23 richest people on earth is one trillion dollars in the sum.

In 2017, less than one percent of billionaires from around the world were black. Some of them are women. The prominent personalities are Tony Elumelu, Mo Ibrahim, Isabel Dos Santos, Theophilus Danjuma, Patrice Motsepe, Folorunsho Alakija, Oprah Winfrey, Mike Adenuga, Mohammed Al-Amoudi.

Making a ranking of the richest black man in the world 2017, Forbes used stock prices and exchange rates to determine the fortune of billionaires and then arrange them in ascending order.

READ ALSO: Top 10 richest men in Nigeria in 2017

Black man with money in his pocket

Aliko Dangote - the richest black man in the world in 2017

Aliko Dangote is the owner of Dangote Group, which operates in Nigeria and West Africa. The company is engaged in the sale of most of the consumer goods in Nigeria. It got this leadership thanks to Aliko Dangote's political contacts.

The Dangote Group was originally quite a small company founded in 1977. Now it's a multi-billion dollar conglomerate. In addition to consumer goods manufacturing, Dangote Group is engaged in the cement, cargo transportation business and recently, oil and gas. Dangote group is also the leader in sugar trade in Nigeria. Every year, 800 tons are produced. Dangote Group is the main supplier of sugar to large soft drinks companies, brewing enterprises, and confectionery factories.

Richest black man in the world

Today, more than 70% of the oil and sugar in Nigeria belong to the Dangote Group. Cotton, cocoa, sesame seeds, cashew nuts, ginger are exported to several countries. Also, the businessman made big investments in banking, textile, oil and gas, etc. The company employs more than 11 thousand people.

It’s interesting to know several biographical facts about this great man:

  • He is Hausa Muslim born on the 10th April 1957 in Kano State.
  • Dangote grew up in a wealthy family. His grandfather Alhaji Alhassan Dantata was the richest African in 1955.
  • He was educated at Al-Azhar University, Cairo in of business and administration.
  • Now he lives in Lagos and has 4 children, three daughters (Halima, Mariya, Fatima) and one adopted son (Abdulrahman Fasasi). Dangote was married twice and divorced. There is no information about the lady who is Dangote's current wife now, so many consider him a bachelor.
  • Aliko Dangote is a generous sponsor and patron of art.
  • In 2003, he made $2 million donations to President Obasanjo's election campaign.
  • He also donated 500 thousand dollars for the reconstruction of the National Mosque and 2 million dollars for the restoration of the Presidential Library.
  • In 2009, Dangote was known as the main supplier of employment in the construction industry when he worked with a 14,000 kilometers fiber-optic cable network for the entire Nigerian population.
  • In 2011, Goodluck Jonathan awarded him as Grand Commander of the Order of the Niger.
  • In 2014, he donated 150 million Naira towards the fight against Ebola disease.

In newspaper publications, you can periodically find articles about the fact that the businessman makes these donations as a show goodwill the the Nigerian, so that the government can help ensure that there are policies against his business. However, benefits of his activities can't be denied.

Richest black man in the world 2017

At the moment, the estimated net worth of Aliko Dangote is $11.9 bn. He is ranked as the richest black man on earth by Forbes magazine.

READ ALSO: Luxurious Aliko Dangote house in Abuja


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