Black billionaires prove that we can achieve true financial freedom from media and entertainment to private equity and investments despite the odds.
This year, Forbes released its 2021 Billionaires list with a record-breaking number of 2,755 billionaires making the cut — a jump of 660 from its list published one year ago.
Across age, industries & race, today’s incredible Black businessmen & women are showing that it’s possible to overcome obstacles and join one of the most esteemed populations in the world.
Of the many billionaires on the list, here are the world’s Black billionaires in 2021, representing the richest group worldwide.
Perry went from an aspiring Hollywood star to one of the richest men in the industry on account of his 30 movies, 20 plays, and eight TV shows that continue to roll out.
Jay-Z broke the glass ceiling for Hip Hop as the culture’s first billionaire, but his fortune continues to grow on account of his many business endeavors.
His wealth stems from sales from Roc Nation, Armand de Brignac, his D’Usse cognac, music royalties, art collection, real estate ventures and investments from startups like Ethos and Sweetgreen.
This Jamaican-Canadian businessman & philanthropist made his billion-dollar fortune by investing in financial companies like National Commercial Bank Jamaica & AIC Limited.
In order to reach billionaire status, he had to overcome a protracted government opposition to launch his mobile phone network, Econet Wireless Zimbabwe back in 1998.
Jordan is regarded as the NBA’s greatest all-time player and has reached astronomical heights during his time in the league.
He joined the billionaire club in 2014 after increasing his ownership stake in the Charlotte Hornet and has remained on Forbes’ billionaire list for the past five years.
Although Kanye West was the second Hip Hop artist to achieve billionaire status, he surpassed Jay-Z with a $1.8 billion fortune.
Majority of his net worth stems from the Yeezy brand while the rest of his money is generated from investments, ranches in Wyoming, G.O.O.D Music record label, publishing & his own music catalog.
Winfrey began her career as a news anchor & today she’s the most beloved media giants with an empire of her own television network & content creation deal with Apple TV+.
Patrice Motsepe of African Rainbow Minerals most recently became the continent’s new president of the Confederation of African Football, making him a certified soccer boss.
David Steward, founder and chairman of IT provider World Wide Technology — the largest Black-owned company in America — is not your typical tech company founder.
Abdulsamad Rabiu racked up his billion-dollar net worth as the founder of BUA Group — a Nigerian conglomerate active in cement production, sugar refining & real estate.
Smith is well known as a tech investor and philanthropist who founded and also serves as CEO of Vista Equity Partners.
Adenuga got here building his fortune through his telecom company, Globacom, oil production & exploring business interests across several sectors of the economy.
Aliko Dangote is considered the richest Black man in the world as the founder and chairman of Dangote Cement, Nigeria’s largest cement producer.