- The majority of the billionaires on the list are self-made self-starters who built business empires in finance, sports, media, and commodities.
- Only three of the billionaires are from the United States.
Bill Gates, Warren Buffett, and Jeff Bezos may be the richest men in the world, but they aren't the only billionaires.
There are 2,043 people across the globe with three commas in their net worths, according to the 2017 Forbes Billionaires list. The 23 wealthiest have $1 trillion collectively.
In 2017, 10 of the world's billionaires — fewer than 1% — are black, down from 12 last year, reports Forbes contributor Mfonobong Nsehe. Three of the 10 are women. All but one, Isabel Dos Santos, are billed by Forbes as self-made.
To compile the full list, Forbes uses stock prices and exchange rates to estimate the net worths of the world's richest people, and then ranks them based on their wealth. We updated the 2017 list using data from February 15, 2018. Forbes maintains a current snapshot of the world's billionaires, updated daily.
Continue reading to see the richest 10 black billionaires in the world, according to our updated version of the 2017 Forbes Billionaires list.
10. Mohammed Ibrahim, $1.18 billion
Self-made billionaire, 71 year-old Mohammed Ibrahim, was born in Sudan and now lives in the United Kingdom, where he is the 11th wealthiest citizen. Ibrahim became a billionaire after selling his telecommunications company, Celtel International, in 2005, according to Forbes.
Now he spends much of his time focusing on improving the lives of African citizens through the Mo Ibrahim Foundation.
Net worth: $1.18 billion
Age: 71
Citizenship: Sudan
Industry: Telecommunications
Source of wealth: Self-made
Now he spends much of his time focusing on improving the lives of African citizens through the Mo Ibrahim Foundation.
Net worth: $1.18 billion
Age: 71
Citizenship: Sudan
Industry: Telecommunications
Source of wealth: Self-made
AP
Folorunso Alakija, vice chair of Nigerian oil company
Famfa Oil, got her start in business as the founder of an elite Nigerian
fashion label, according to Forbes.
The 66 year-old self-made billionaire lives in Lagos, Nigeria and has four children. Her son, Folarin Alakija, recently married Iranian model Nazanin Jafarian Ghaissarifar, in a lavish, multi-million dollar wedding, which took place in England.
Net worth: $1.49 billion
Age: 66
Citizenship: Nigeria
Industry: Oil, Retail
Source of wealth: Self-made
The 66 year-old self-made billionaire lives in Lagos, Nigeria and has four children. Her son, Folarin Alakija, recently married Iranian model Nazanin Jafarian Ghaissarifar, in a lavish, multi-million dollar wedding, which took place in England.
Net worth: $1.49 billion
Age: 66
Citizenship: Nigeria
Industry: Oil, Retail
Source of wealth: Self-made
One of the most successful athletes of all time, Michael Jordan, 54, made a total of $90 million as a basketball player, according to Forbes.
Since retiring from the NBA, he has amassed the majority of his wealth
through his relationship with Nike and other corporate partnerships.
Jordan, who also owns a stake in the Charlotte Hornets, now makes more in one year than he did during his entire professional basketball career, as Business Insider's Cork Gaines reported.
Net worth: $1.65 billion
Age: 54
Citizenship: United States of America
Industry: Basketball, Retail
Source of wealth: Self-made
Jordan, who also owns a stake in the Charlotte Hornets, now makes more in one year than he did during his entire professional basketball career, as Business Insider's Cork Gaines reported.
Net worth: $1.65 billion
Age: 54
Citizenship: United States of America
Industry: Basketball, Retail
Source of wealth: Self-made
Getty/Handout
South-African Patrice Motsepe, 55, founder of the
mining company African Rainbow Minerals, was Africa's first black
billionaire. The father of three was also the first African to sign Bill
Gates' Giving Pledge, promising to donate at least half of his wealth to charity.
Motsepe and his wife Precious created the Motsepe Foundation in 1999 to help create new jobs, support education, and improve the lives of children, the unemployed, and the disabled, among others.
Net worth: $2.6 billion
Age: 55
Citizenship: South Africa
Industry: Mining
Source of wealth: Self-made
Motsepe and his wife Precious created the Motsepe Foundation in 1999 to help create new jobs, support education, and improve the lives of children, the unemployed, and the disabled, among others.
Net worth: $2.6 billion
Age: 55
Citizenship: South Africa
Industry: Mining
Source of wealth: Self-made
The wealthiest of the three woman to make this list,
and the youngest black billionaire in the world, 44 year-old Isabel Dos
Santos is the daughter of Jose Eduardo dos Santos, who has been president of Angola since 1979.
Her fortune comes from multiple investments, many of which are controversial and linked to her father, according to Forbes, although Dos Santos maintains her investments are private and independent.
Net worth: $2.7 billion
Age: 44
Citizenship: Angola
Industry: Diversified
Source of wealth: Inherited, investments
Her fortune comes from multiple investments, many of which are controversial and linked to her father, according to Forbes, although Dos Santos maintains her investments are private and independent.
Net worth: $2.7 billion
Age: 44
Citizenship: Angola
Industry: Diversified
Source of wealth: Inherited, investments
Joe Seer / Shutterstock
Oprah Winfrey, 63, is the only African-American woman to make the Forbes billionaire list. Winfrey overcame a tough childhood to become the well-known and beloved media mogul she is today.
While generous with her wealth, Winfrey still maintains an enviable lifestyle. Earlier this year, Winfrey delivered the commencement address at Smith College, telling graduates the secret to success is serving others.
Net worth: $2.8 billion
Age: 63
Citizenship: United States of America
Industry: Media, Entertainment
Source of wealth: Self-made
While generous with her wealth, Winfrey still maintains an enviable lifestyle. Earlier this year, Winfrey delivered the commencement address at Smith College, telling graduates the secret to success is serving others.
Net worth: $2.8 billion
Age: 63
Citizenship: United States of America
Industry: Media, Entertainment
Source of wealth: Self-made
When Robert Smith, 54, left Goldman Sachs in 2000 to start his own private equity firm, Vista Equity Partners, his coworkers thought he was crazy. But since then, his success and wealth has sky-rocketed, landing him on the Forbes Billionaire list for the first time in 2016.
In 2015, Smith wed Hope Dworaczyk, a former Playboy playmate and mother of his young son in an incredible villa on the Amalfi Coast in Italy. The private-equity titan, who resides in Austin, Texas, added his name to the Giving Pledge earlier this year.
Net worth: $4.4 billion
Age: 54
Citizenship: United States of America
Industry: Private Equity
Source of wealth: Self-made
In 2015, Smith wed Hope Dworaczyk, a former Playboy playmate and mother of his young son in an incredible villa on the Amalfi Coast in Italy. The private-equity titan, who resides in Austin, Texas, added his name to the Giving Pledge earlier this year.
Net worth: $4.4 billion
Age: 54
Citizenship: United States of America
Industry: Private Equity
Source of wealth: Self-made
Afolabi Sotunde/Reuters
Nigerian Mike Adenuga, 64, is chairman of
telecommunications company Globacom, which has 36 million subscribers,
as well as the majority owner of Lagos-based oil company Conoil, according to Bloomberg.
While earning an MBA from Pace University in New York, he drove a taxi to pay the bills. Today, Adenuga, who has seven children, is the second-wealthiest man in Nigeria, according to Forbes.
Net worth: $5.4 billion
Age: 64
Citizenship: Nigeria
Industry: Telecommunications
Source of wealth: Self-made
While earning an MBA from Pace University in New York, he drove a taxi to pay the bills. Today, Adenuga, who has seven children, is the second-wealthiest man in Nigeria, according to Forbes.
Net worth: $5.4 billion
Age: 64
Citizenship: Nigeria
Industry: Telecommunications
Source of wealth: Self-made
Mohammed Hussein Al Amoudi, 71, moved from Ethiopia to
Saudi Arabia when he was 19, and began amassing his fortune from
government-contracts in real estate and construction, according to Bloomberg.
Now, the father of eight owns businesses across multiple industries, including oil, mining and agriculture, in Saudi Arabia, Ethiopia and Sweeden.
Net worth: $10.8 billion
Age: 71
Citizenship: Ethiopia, Saudi Arabia
Industry: Oil, Mining
Source of wealth: Self-made
Now, the father of eight owns businesses across multiple industries, including oil, mining and agriculture, in Saudi Arabia, Ethiopia and Sweeden.
Net worth: $10.8 billion
Age: 71
Citizenship: Ethiopia, Saudi Arabia
Industry: Oil, Mining
Source of wealth: Self-made
The wealthiest man in Africa
is Nigerian Aliko Dangote, 60, who has been CEO and president of
Dangote Group for 35 years. The majority of his fortune comes from a
more than 90% stake in Dangote Cement, Africa's largest producer of
cement, which is traded on the Nigerian Stock Exchange.
He is also an active philanthropist, serving as chairman of The Dangote Foundation, which focuses on education, agriculture and health-related initiatives.
Net worth: $13.8 billion
Age: 60
Citizenship: Nigeria
Industry: Cement
Source of wealth: Self-made
He is also an active philanthropist, serving as chairman of The Dangote Foundation, which focuses on education, agriculture and health-related initiatives.
Net worth: $13.8 billion
Age: 60
Citizenship: Nigeria
Industry: Cement
Source of wealth: Self-made
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