The Top Black Billionaires of the First Quarter of 2025

From smart investments to expanding industries, the first quarter of 2025 has shown an exciting surge in the fortunes of some of the world’s top Black billionaires. 

These business leaders are continuously shaping the global economy. Their ventures span across technology, entertainment, and finance, and each one has made their mark in a big way. 

These remarkable individuals are not only redefining success in their respective industries but are also inspiring the next generation of Black entrepreneurs and business leaders. Their ability to innovate, invest wisely, and expand their businesses has secured their places among the wealthiest figures of 2025. Here are the top Black billionaires making waves in 2025.

David Steward – $11.4 BillionDavid Steward, the co-founder and chairman of World Wide Technology, has solidified his position among the wealthiest Black billionaires. With his company’s growth in the tech and supply chain sectors, Steward’s fortune has soared, thanks to expanding business ventures that reach across multiple industries.

Aliko Dangote – $10.9 BillionAfrica’s richest man, Aliko Dangote, continues to lead the pack with his vast business empire. As the founder and president of the Dangote Group, his holdings in commodities such as cement, sugar, and flour have only gotten stronger. Dangote’s strategy of consistent expansion has played a key role in his sustained wealth.

Robert F. Smith – $10.8 BillionRobert F. Smith made his mark with Vista Equity Partners, a private equity firm he founded. Specializing in investments in software and technology, Smith’s company has experienced significant success, which has directly boosted his wealth. His continued focus on tech investments has helped him climb the billionaire ranks.

Alexander Karp – $9.7 BillionAlexander Karp, co-founder and CEO of Palantir Technologies, has benefited from the boom in big data and analytics. Palantir’s software solutions have become essential tools for businesses and governments alike, driving significant increases in Karp’s fortune. His work in advancing data technology keeps him at the top of the game.

Mike Adenuga – $6.9 BillionMike Adenuga’s wealth stems from his leadership in both telecommunications and oil production. As the owner of Globacom, one of Nigeria’s largest telecom companies, as well as his oil ventures, Adenuga has been able to expand his wealth consistently, cementing his place as one of the richest men in Africa.

Abdulsamad Rabiu – $5.1 BillionAbdulsamad Rabiu, founder of BUA Group, has a diversified portfolio that includes sugar refining, cement, and real estate. His strategic business decisions continue to pay off, propelling him toward the upper echelons of Africa’s richest individuals.

Michael Jordan – $3.5 BillionNBA legend Michael Jordan is not only known for his basketball prowess but also for his successful business ventures. His endorsements with major brands and his profitable investments, like his stake in the Charlotte Hornets, have ensured his wealth continues to grow long after his athletic career.

Oprah Winfrey – $3 BillionOprah Winfrey remains a powerhouse in the media industry. As the owner of OWN (Oprah Winfrey Network) and through her investments in various companies, such as Weight Watchers, Oprah has built a massive media empire. Her philanthropic efforts also continue to solidify her legacy as a wealthy and influential figure.

Patrice Motsepe – $2.8 BillionPatrice Motsepe, the founder and chairman of African Rainbow Minerals, continues to lead in the mining industry. His holdings in gold, platinum, and other minerals have kept him firmly in the ranks of the world’s wealthiest Black billionaires, alongside his growing influence across Africa.

Jay-Z – $2.5 BillionJay-Z, a renowned businessman and rapper, has diversified his wealth across multiple industries. From music to tech investments (like Uber) and liquor brands like D’Ussé, Jay-Z’s portfolio continues to expand, securing his place as one of the richest entertainment figures.

Adebayo Ogunlesi – $2.3 BillionAdebayo Ogunlesi, co-founder of Global Infrastructure Partners, has seen his net worth grow thanks to successful investments in infrastructure. His firm has made profitable acquisitions in airports, energy, and transportation, helping him build a substantial fortune.

Strive Masiyiwa – $1.8 BillionStrive Masiyiwa, founder of Econet Wireless, continues to dominate the telecommunications industry in Africa and beyond. With operations stretching across Africa, Europe, and Asia, Masiyiwa has built a lasting legacy in technology and communications, keeping his wealth on an upward trajectory.

Femi Otedola – $1.7 BillionFemi Otedola’s wealth comes from his investments in Nigeria’s energy sector. His majority stake in Geregu Power and other strategic investments have helped Otedola secure his place among Africa’s elite billionaires. His business acumen continues to generate financial growth.

Earvin “Magic” Johnson – $1.6 BillionEarvin “Magic” Johnson transitioned from basketball greatness to business success. His real estate ventures and partnerships with major companies, including Starbucks, have propelled him into the billionaire ranks. Magic’s ability to diversify his investments has played a key role in his financial success.

Tyler Perry – $1.4 BillionTyler Perry has become a staple in the entertainment industry. As the founder of Tyler Perry Studios and the creator of beloved TV shows and films, his business ventures continue to thrive. Perry’s success also comes from his ownership of his content, which gives him full control and a significant share of profits.