Are Black Africans Making more Money than African Americans?


African Businessmen far Richer than African Americans

Collectively Black Americans are the richest blacks in the world. There are more African Americans in sports, music and entertainment, politics, business, and movies who are very wealthy. But looking at them individually, only two Black Americans in 2010 can claim a nine-figure income (Billions of dollars).

Interestingly, there are at least four Black Africans who are not just billionaires, but are billionaires with good amount of billions. Times are changing and Black Africans are making more money individually than Black Americans and have made it onto Forbes’ list of the world’s wealthiest billionaires.

It is now evident that the World’s richest black person is not Oprah. Ethiopian born billionaire Mohammed Al Amoudi is ranked Africa’s No.4 and World No.97 wealthiest man with $9.0 billion. It should be noted that Oprah Winfrey is the richest black (African) American but she is just rated as having $2.7 billion. That means that Mr. Mohammed Al Amoudi beats Oprah with the amount of $6.3 billion.

Following Mr. Mohammed Al Amoudi as the second richest dark skin African is Nigerian Billionaire Alhaji Aliko Dangote of Dangote holdings who is ranked Africa’s No. 7 and World’s No. 334 wealthiest on Forbes Richest list with a net value of $3.3 Billion. The 51 year old Kano born industrialist just made his first debut on the Forbes list. That puts Alhaji Aliko Dangote $600 million richer than Oprah.

Sudanese born business magnate Mr. Mo Ibrahim ranked Africa’s No.9 and World’s No.462 Wealthiest has a net value of $2.5 billion. He is almost close to Oprah but she beats him with a net value of $200 million.

The last of Africa’s top ten is the Pretoria raised lawyer; South Africa’s richest black billionaire Patrice Motsepe ranked Africa’s No. 10 and World’s No. 503 with a net value of $2.4 billion. He too obviously is beaten by Oprah with just $300 million.

It is worth noting that Oprah Winfrey is the only Black Billionaire in the United States. Following the statistics above, she is beaten by two black Africans and almost close with two others. Since we are looking at just the first 10 riches Africans on Forbes list, we cannot say for sure which other African billionaires (blacks) have a net value of between $1.0 billion to $2.3 billion in case the list extended to say top 30 riches Africans.

In the USA, the second richest African American according to Forbes is Tiger Woods (33yrs) with a net value of $600 million. Oprah therefore beats woods hands down with a total value of $2.1 billion. Robert Johnson (63yrs) of the BET and investor follows Woods with $550million… Then Michael Jordan (46yrs) with $525 million etc.

The list of the 20 richest African Americans puts Basketballer Kobe Bryant (30yrs) at No. 18 with a value of $140 million and Basketballer Shaquille O’Neal (37yrs) at No. 19 with $130 million.