Since 2013 the number of black billionaires has increased by two, according to Forbes’ billionaire list. So how did these black people become so wealthy? This certainly just didn’t happen overnight.
Let’s take a look at the World’s Richest Black People:
10) Tony Elumelu – $1 Billion
Africa’s revered business leader Tony Elumelu has a controlling interest in Transcorp, Nigeria’s largest publicly-traded conglomerate; a significant stake in the United Bank of Africa; and an extensive portfolio of real estate across Nigeria.
=8) Mo Ibrahim – Net worth: $1.1 billion (British)
Source of wealth: Mobile and Telecommunications
Born Mohammed Ibrahim best known as Mo Ibrahim, he made his first big deal when he sold Celtel for $3.4 billion back in 2005. This Company was one of the first to serve Africa and the Middle East mobile. In the year 2007 he founded Mo Ibrahim Foundation, which fights corrupt leadership in Africa. This foundation offers a lifetime award that amount to $5 million and it is given over a period of 10 years to the retired African leaders whose leadership was seen as transparent. The foundation also publishes the Ibrahim Index of African Governance by their ability to ensure sustained economic opportunities and the rule of law. He is also the founding member of Satya Capital that’s worth more than $20 million.