Can you name a black billionaire? Yeah yeah, I know about Oprah and Michael Jordan but what about Aliko, Folorunsho, and the other Mike?

People often associate wealth and riches with fame and entertainment but here are three black billionaires (some of the richest individuals in the world) who built success independent of the entertainment industry.

The names may not be as familiar, but they are some of the wealthiest, richest black people in the world.

Aliko Dangote


If you don’t have ambition, you shouldn’t be alive. – Aliko Dangote

Aliko Dangote is the richest black man in the world. Native of Lagos Nigeria, Dangote is the CEO of Dangote Cement company.

Dangote, at the age of 59, is a self-made billionaire whose net worth reaches almost $14.4 billion; making him Africa’s richest man.

The Dangote Cement company is the largest producing cement company which is responsible for producing 30 million tons of cement.

Production of cement, along with other resources including sugar, salt, and flour, is offered to 15 African countries including Cameroon, Ethiopia, Zambia, and Tanzania.

Folorunsho Alakija


“So I am 63, and I am not yet done. So what is your excuse? I never went to a University, and I am proud to say so because I don’t think I have done too badly,”- Folorunsho Alakija

Folorunsho Alakija explained to the 2014 graduating class in Lagos, that higher education is not the only key to success.Although a degree can be significant and beneficial; hard work and persistence is the primary key.

Folorunsho Alakija (also of Lagos, Nigeria) is the richest black woman in the world (aside from Oprah).

Alakija is a self-made CEO and head of the of the Famfa oil company. Her net worth estimates $1.5 billion.

Alakija’s journey to becoming a billionaire is different because she did not attend a University before gaining her status.

Mike Adenu


The harder you work, the luckier you get. – Mike Adenuga

From being your average taxi driver in New York to becoming the 2nd richest man in the world, Mike Adenu, a 63-year-old Nigerian Native, is the perfect example of someone who started literally from the bottom (and now he’s a billionaire).

This self-made billionaire’s net worth reaches $6.1 billion. Adenu started off as a taxi driver to support himself while studying at Pace University in New York.

After graduating, some of his fortune began as he started trading lace and Coca-Cola in his hometown of Lagos.

Adenu then went on to build a $10 million estate after creating a mobile telecom service called Globacom.

With almost 32 million subscribers, Globacom is the second largest phone network in Nigeria; also servicing Ghana and the Republic of Benin.

In addition to his phone networking service and trades, Adenu built a real estate company called Proline Investments.

We all can learn a lesson or two on the advantages of establishing a brand and becoming an entrepreneur.

Each of these billionaires created a company and found a way to make lucrative profits for themselves.

No one limited themselves to just one area/occupation; they creatively pursued multiple areas of commerce.

It just demonstrates that the fruits of your labor can be plentiful with hard work and determination.
Each hard working, self-made, dynamic black person in this piece is native to Nigeria. However, I surely expect to see more wealthy men and women explode out of the U.S.

If you have a self-made mentality and you don’t mind the hard work, your chances of becoming a billionaire are extremely high.

The next steps include finding/creating the opportunity, taking advantage of the resources available to you, networking, and remaining determined.