Richest Black Billionaires in the World 2022 1. ": Mzansi peeps react to video of lady painting fridge black, UN development chief sounds alarm over debt distress, Texas: Wind and solar stake claim to land of oil, Man shares interior and exterior photos of creative Wendy house design, netizens impressed, Top 15 biggest malls in South Africa you should visit in 2023, Top 25 highly paid careers in demand in South Africa in 2023: Most wanted jobs, Top 10 best Android dual sim phones in South Africa 2022, Popular Nkosi clan names and their meanings: List of celebrities with these names, List of Sepedi names for boys and girls (and their meanings), 10 highest-paid South African actors 2022 and their net worth, The ugliest NBA players as voted by you? In Egypt, the family-owned Mansour Group is one of the countrys largest revenue generators. Out of these, 2,080 are multi-millionaires with a net wealth of at least $10 million. But in the fashion industry, it is his wife, Precious Moloi-Motsepe, whose name people recognise instantly. This number has risen sharply, from 6,200 in 2007, NWW reported. While Mntambo owns many assets, he has not disclosed what he owns to the public. People jump to the "advanced" because they think it will fast-track them. The list has been published since 2015. Terms apply to offers listed on this page. Koos Bekker, who is worth $2.2 billion, made all his money online from ventures like internet group Naspers. Being in the construction industry means she has invested in properties and is among the richest property moguls in South Africa. Like their wealthier counterparts, fashion has played a role in the fortunes of many and some started from humble beginnings. Things that are attracting them to SA include: We expect over 10,000 African millionaires to move to SA over the next decade, significantly boosting millionaire numbers and luxury spending in SA, NWW said. But what the listing fails to mention is Azizs wife,Salwa Idrissi Akhannouch, CEO and founder of the Aksal Group, a luxury fashion company based in Casablanca, who is one of the wealthiest women in North Africa. Many African millionaires have also bought second residences in South Africa, which they use for business and holiday purpose, New World Wealth said. He runs a family-owned vineyard called Tokara and a nature conservancy. If you are an admin, please authenticate by logging in again. The businessman, investor, and banker is a multi-millionaire who lives a quiet life. Forbess most recent estimation of billionaires from the continent caps the number at 20, but the continents list of high net worth individuals (HNWIs) is much larger. The U.S. Black population is young and growing. "Number of millionaires and billionaires in Africa as 2021, by wealth tier." In spite of the continents well-documented challenges and emerging market status, the luxury sector is already paying dividends for some most notably the European brands sold there but also for an elite group of local distributors and retailers. Sevetri Wilson, 33, is the founder and CEO of technology startup Resilia, founder of strategic communications agency Solid Ground Innovations, and author of "Solid Ground: How I Built a 7-Figure Company at 22 with Zero Capital.". Here's a list of the richest black billionaires in the country. Approximately 6.4% of people who are Black, college-educated, and middle-aged are estimated to be or to become millionaires. Johannesburg also has 16,000 High Net Worth Individuals or HNWIs living there. One, having a squad of ambitious friends who were also trying to get to seven figures. Patrice Motsepe's net worth is $2.8 billion. He rose to fame for being Londie Londons husband and baby daddy. And the second way was building the community around my business. Once I had those people, that was enough to start to see some momentum. As a Premium user you get access to background information and details about the release of this statistic. Centimillionaires are individuals with wealth of 100 million U.S. dollars and more. 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In Angola, diamond mines have always been a source of political and economic contention. But we don't always discuss money openly in America. Please help update this article to reflect recent events or newly available information. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Henley & Partners. [2] Individuals who are from Africa, but don't reside in the continent (such as Elon Musk and Mo Ibrahim) are omitted by Forbes from the list. Pleasant employed her inherent . Their youngest daughter, Temi, is now making a name for herself in fashion as a blogger under the initials J.T.O. Copyright 2022 Maritz Publishing. Critics contend that, instead, it is proof of the continents pervasive wealth inequality and the growing chasm between extreme wealth and extreme poverty. She is also the founder of Zikhulise Auto Recoveries, Zikhulise Maintenance and Transport, and Inyanga Trading. (April 22, 2022). He is the fifth democratically elected president of the Republic of South Africa. He also owns other properties and a fleet of luxury vehicles. It truly is not about how much money you make, but what you do with your money. The average millionaire is 57 years old. "Many African millionaires have also bought second residences in South Africa, which they use for business and holiday. Because I grew up as a first-generation college student who watched my single mother struggle financially to provide for our family, I charged myself with creating a different outcome for myself. WATCH: What?! He is an advisor to Fortune 500 companies and many blue-chip corporates across the globe. Unsurprisingly, the continent's largest economy, South Africa, dominates the list with a total of 48,800 millionaires. [Online]. He is the founder of Shanduka Group, an investment firm with interests in multiple industries. Still, I think it's important to highlight the Black people who have found success in America over the years. The African fashion ecosystem favours business people [who already have] money [so they often get] the main [brand] franchises and dabble in fashion. There are many self-made South African millionaires in 2023. Profit from the additional features of your individual account. There are 3,300 US$-millionaires in Namibia, 1,400 of which live in the capital Windhoek. anyone that was restricted from voting prior to 1994). As a Premium user you get access to the detailed source references and background information about this statistic. Last year, Forbes estimated Wieses net worth at $1.1 billion and this year he announced his retirement from the Shoprite supermarket chain which he led. Dangote Group founder Aliko Dangote has topped the 2018 list. Here is how many. Wealth inequality in the United States. [Online]. The entrepreneur owns a record label called Family Tree. . And according to several independent sources, that number is set to rise significantly over the next decade. Founded in 1916 by Gus Ackerman, father to Raymond Ackerman, the company was a value clothing retail chain, a far cry from the failed ostrich feather business that Raymonds grandfather Meyer Ackerman attempted to start when he arrived in South Africa from Lithuania at the end of the 19th century. Growing wealth at the top of the pyramid is not necessarily an indication of Africas economic strength. The first goal I tackled was my debt elimination: I had $25,000 a little over that in debt, and I was able to knock it out in eight months. The business mogul is notoriously quiet about his private life, and details of his assets are scarce online. In a nutshell, blacks in the top 1% have over 70 times more wealth than the average black family. Access to this and all other statistics on 80,000 topics from, Show sources information Read our editorial standards. It took me a while to build up an audience of 1,000 people on my mailing list. He has a personal car collection and multiple properties in Cape Town and Johannesburg. From the tax payer pool, the biggest chunk of tax payers (over 800 000) come from the income bracket earning between R250 000 R350000. Gentrification doesn't have to force minority residents out of their homes. You've heard the saying: "Scared money doesn't make money." Posts that attempt to bypass word filters will be deleted. Nigeria, Africas most populous nation and largest oil producer, takes third place with 15,900 millionaires. She may have been born a slave, but by the 1820s, she was. Activists say there are 3 ways to protect communities. The biggest chunk of those millionaires are in the R1 million -R2 million range. Second biggest in the millionaires category is the R2 million R5 million earners almost 29 000 of them and up by just over 200 year-on-year. Discover the top millionaires in contemporary South Africa and the businesses they run. The actress has a line of gin called I Am Khanyi. Cyril Ramaphosa is one of the leading Black South African millionaires in 2023. Access your favorite topics in a personalized feed while you're on the go. But I've dedicated my career to sharing information. Once I realized that, I was able to take my money and apply it to my goals. Its up by almost 7000 compared to last year and has more than quadrupled since 2007. After years of making a good salary but living paycheck to paycheck with minimal savings, it was obvious that I was missing something. In 1977, he co-founded Rand Consolidated Investing. As a group, the continent's 19 billionaires are worth an . Currently, you are using a shared account. Briefly.co.za recently published a list of the cheapest cars in South Africa in 2023. Out of the 2,755 billionaires in the world, only 15 are black. His children are running it. Show publisher information She was born and raised in Soweto and came into the limelight after starring as Doobsie in SABC 2's soap opera Muvhango. April Stewart, 42, is a financial coach based in Washington, DC, and is known as April the Money Coach. It's true, and it's very likely you'll make some less-than-desirable investments along the way, but you have to keep going. We're on group chats; we email each other. Over 113 000 people fall into this bracket,. To use individual functions (e.g., mark statistics as favourites, set Black Hispanic. In the 1800s, Pleasant became one of the first African-American female self-made millionaires in the U.S. despite the significant obstacles she faced as black woman. The list above shows the top 15 people who acquired wealth by running successful businesses. He is the founder of the Pick N Pay Group supermarket chain. It has all sorts of interesting info including how many millionaires there are in the country (by income). He has a palatial property in Johannesburg. Number of millionaires and billionaires in Africa as 2021, by wealth tier [Graph]. His fleet of vehicles includes two Land Rover Discoveries, four Range Rovers, two Audi Q7s, and three Audi A6s. Racism has cost Black Americans $70 trillion since the start of slavery here's how that cost breaks down, For Black Americans, degrees aren't about catching up they're a matter of survival. There are thousands of South African millionaires in 2023. Despite the continents many well-documented challenges for starting a business, the most recent Africa Wealth Report shows that the total private wealth held in Africa is expected to rise by 35 percent over the next 10 years, reaching $3 trillion by 2028. Get in touch with us now. A large free media which helps disseminate reliable information to investors. The report furthermore said that despite the overall decline, there were still a number of South African areas that experienced positive US$ wealth growth over the past decade. During all these years each immigrant, hitting the road, to come legally or illegally in this country, believes that anybody, regardless of his or her origins, can achieve prosperity and success for himself and his family. Available: https://www.statista.com/statistics/1242532/number-of-millionaires-and-billionaires-in-africa/, Number of millionaires and billionaires in Africa as 2021, by wealth tier, Available to download in PNG, PDF, XLS format, HNWI population worldwide 2010-2021, by region, Assets of HNWIs worldwide 2010-2021, by region, Number of millionaires in China 2015-2021, Annual growth rate of millionaires in China 2011-2021, Number of super rich people in China 2012-2021, Number of super rich people in Greater China in 2021, by city, Number of HNWI in China 2020, by wealth group, Distribution of super rich individuals in Greater China as of 2021, by nature, Luxury goods market revenue in China 2014-2027, Share of Chinese luxury consumption abroad and in China 2015-2021, Main reasons for purchasing luxury goods in China 2020, by age group, Leading luxury goods categories bought by Chinese luxury shoppers 2021, by age, Most popular alcoholic beverages among Chinese millionaires 2021, Most popular tea types among Chinese millionaires 2021, Most popular collector's items among Chinese high-net-worth individuals 2021, Share of Chinese millionaires who would buy used luxury goods 2021, Preferred leisure activities among Chinese millionaires 2021, China: luxury tourism revenue 2019-2024, by market, Most popular international travel destinations of Chinese millionaires 2019-2021, Most popular domestic travel destinations of Chinese millionaires 2019-2021, Most popular travel themes among Chinese millionaires 2021, Preferred gifts for men by Chinese millionaires 2021, Preferred gifts for women by Chinese millionaires 2021, Major charity donators in China 2021-2022, by donation, Chinese millionaires' leading donation purposes 2011-2021, Origins of leading philanthropists in China 2022, Distribution of investable assets of UHNWIs in the U.S. 2014, Distribution of assets of millionaires in the U.S. 2014, Prosperity measurements for regions of the United Kingdom (UK) 2017, Number of billionaires South Korea 2014-2024, Number of high net worth individuals in Japan 2021, by wealth range, Distribution of assets of UHNWIs in the U.S. 2014, Total wealth of the adult population in Japan 2000-2021, Number of millionaires South Korea 2010-2021, Non-financial wealth as a percentage of gross wealth in Asia Pacific 2019, by country, Foreign direct investment (FDI) from China, Find your information in our database containing over 20,000 reports. The average South African individual has net assets of US$12,900 (wealth per capita), which is the second highest level in Africa, behind. Shoprite, Wiese was executive director of Pepkor, a discount clothing chain his parents helped found. Business. One of the most revolutionary things you can do is gain financial freedom. Chart. The statistic shows the distribution of U.S. millionaires in 2013, by race and ethnicity. According to estimates, in the middle of 2021 there were 56 million people worldwide whose assets exceeded one million dollars, of whom nearly 40% lived in the United States. List of countries by the number of billionaires, "Africa's Billionaires: Top 25 Richest People In Africa, 2018", "African Billionaire Fortunes Rise On Forbes 2018 List Of Continent's Richest", "The Forbes Billionaires' List: Africa's Richest People 2021", "The Forbes Billionaires List: Africa's Billionaires 2019", List of presidents of the United States by net worth, https://en.wikipedia.org/w/index.php?title=List_of_Africans_by_net_worth&oldid=1138605405, Short description is different from Wikidata, All Wikipedia articles written in American English, Wikipedia articles in need of updating from July 2019, All Wikipedia articles in need of updating, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 10 February 2023, at 15:39. Answer these 2 simple questions & WIN R1000 in cash! There are teachers with more wealth than doctors and lawyers. The wealthiest person in the world is Bernard Arnault and his family, with a net worth of $180.0 billion. I wasn't going to become a millionaire as a lawyer because I just didn't love it enough. anyone that was restricted from voting prior to 1994). The issue of racial inequality in . You need at least a Starter Account to use this feature. You can only download this statistic as a Premium user. Exclusive shopping centers (examples: Sandton City, Gateway, Montecasino, V&A, Hyde Park and Cavendish). The latest African Wealth Report for 2022 that was published this week revealed that Johannesburg is in the lead with a whopping 840 multi-millionaires, 34 centi-millionaires, and two billionaires living there. An estimated 2% of black households or 340,000 families have a net worth of more than $1 million. Take Patrice Motsepe, a South African mining magnate worth $2.2 billion who was the first black African to join the Forbes billionaires list over a decade ago. Get full access to all features within our Business Solutions. One of the biggest factors determining the type of car one purchases is the budget. He is the founder of Discovery Holdings, a leading insurance firm in the country. Practical tips for doing that are: Doing an audit of your skills and talents. statistic alerts) please log in with your personal account. Are you interested in testing our business solutions? Eyesizwe Coal thrived and earned him financial success. The report for 2022 detailed some of the fascinating fiscal trends in South Africa. His venture has over 870 retail stores across Africa, Zimbabwe and Australia. "Number of Millionaires and Billionaires in Africa as 2021, by Wealth Tier. Did you know most millionaires are not born into wealth? He owns multiple properties, cars, and other assets in the country. Jacob Gedleyihlekisa Zuma is the former president of South Africa and a successful businessman. For me, my network has led to other opportunities in investing, and because of the money I made, I've been able to grow my real estate portfolio to four properties along with investing in a few other real estate transactions. He also founded Tiso Blackstar Group, a media company. And more than 5% of the state's households can claim millionaire status. So how can we build wealth in our current environment? In addition to the continents billionaires, there are over 300 centi-millionaires living in Africa, each with net assets of $100 million or more, according to the most recent Africa Wealth Report. Mo Ibrahim According to the Sunday Times Rich List, Sudanese-born Mo Ibrahim is the richest Black man in Britain. You are born with innate, natural talent. The brand represents her persona and style. READ ALSO: Top 20 cheapest cars in South Africa: most affordable cars in 2023. Weather warning: Cut-off low to affect the Western Cape TODAY, Dricus du Plessis batters Derek Brunson to crack UFC top five, Laaaaddduummaa soccer goals: Cape Town Citys Mdu Mdantsane [watch], African Proverb of the day: 05 March 2023. By clicking Sign up, you agree to receive marketing emails from Insider You just have to do the basics, in the right way, consistently. The Sunday Times puts his net worth at 859 million ($1.1 million). The first, second and the fourth richest men are all Nigerians and they made a huge percentage of their money from the Nigerian market. While other industries have reigned supreme in terms of wealth generation, the sizeable list of businessmen and women who found ways to monetise the fashion industry suggests that Africas entrepreneurial youth can follow similar paths to fortune. South Africa is home to about 39,300 millionaires. Get the news that matters from one of the leading news sites in South Africa, Smart woman bags honours degree in Biochemistry, has huge plans for the future, "How tall are you? The median age of Black people in 2019 was 32, six years younger than the U.S. population's median age of 38. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. Some politicians have been the biggest profiteers of the continents resources or have used their power to stop others from accruing wealth. I devoured books, articles, and interviews to discover what the financial rockstars were doing that I was not. And for some of those who eventually settle in the country, the dream can become a reality VOAs Arzouma Kompaore gives us a closer look at these African immigrants who are transforming their lives in America.