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First African-American Billionaire

February 1, 2012 by staff 

First African-American Billionaire, Aliko Dangote, the world’s wealthiest african person, According to the 2011 Forbes Billionaire List, Nigerian business magnate Aliko Dangote with a net worth of $13.8 billion is the richest Black person in the world. The other Black billionaires on the 2011 list are South African gold magnate Patrice Motsepe with $3.3 billion, American Oprah Winfrey at $2.7 billion and Nigeria’s Mike Adenuga with $2 billion.

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

Nigerian petroleum executive Femi Otedola briefly emerged as a billionaire in 2009, but was not listed as one in 2010 or 2011.

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 2011 had a net worth of $12.3 billion. Also included is Mo Ibrahim, a British billionaire of Sudanese Arab and Nubian ancestry, who has been on the Forbes Billionaire list since 2008 and in 2011 had a net worth of $1.8 billion.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. 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.

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