BLACK BILLIONAIRES

Speaking of black billionaires, I had to add Mr.Dangote to this page. For personal and cultural issues.

#1 He’s NIGERIAN

#2 I’m personal friends with his family. (Whatup H, H, and the rest of the family)

Aliko Dangote, is the second richest black person in the world with an estimated net worth of $3.3 billion dollars. (Yea Right, this is what he wants forbes to know, this guy has WAAAAYYYYYYY more money than 3.3 billion) Nigeria’s first billionaire (NOT) hit the jackpot when his sugar-production company listed on the Nigerian stock exchange last year. Meanwhile, proposed initial public offerings of his flour and cement companies have stalled. Began career as trader at 21 with loan from his uncle; built his Dangote Group into conglomerate with interests in sugar, flour milling, salt processing, cement manufacturing, textiles, real estate, haulage and oil and gas. Closely linked to Nigeria’s former president Olusegun Obasanjo.

alikodangote

I’m not going to say much on this post, just check out this article that i found on Wikipedia.

Peace to Reggie Lewis, Madam C.J Walker, and all the forefathers and mothers that opened the doors to African descent Wealth.

Thank You

Allegations of racism

Reports have surfaced that even Black billionaires are not immune to the racism faced by everyday Blacks. In 2001, then Black billionaire Robert L. Johnson accused Sen. Chuck Schumer, D-N.Y of racism when Schumer attempted to block Johnson’s efforts to start “DC Air,” a regional airline that would include slots in New York City and reach airports in upstate New York.[21]

Johnson sent Schumer a letter reading:

As an African-American businessperson who has a personal net worth significantly greater than the market capitalization of [rival companies] Jet Blue and Air Tran combined, I am offended that you could argue that these two companies deserve an opportunity that should be denied to me.

It cannot be that you believe that they are better businesspersons; perhaps it is because they are white businesspersons.

Schumer’s office released a statement saying the senator’s decision was based on “how it would benefit the people of New York, not on the basis of any political or racial consideration.”

Racism was also suspected when Oprah Winfrey was denied entrance to HermèsParis flagship store when she arrived after the formal closing time, despite the fact that the store was still very active and despite the tradition of high-end stores routinely extending hours for VIP customers. In living rooms and Internet chat rooms across America, Winfrey’s case sparked discussion of what many see as a serious problem of Blacks receiving poor treatment or outright suspicion no matter how well-educated or rich they are – particularly in high-end stores.[22] “The presumption in America is that if you have the wealth, you’ll get equality – but where’s Oprah’s equality?” asked Bruce D. Haynes, a sociologist at the University of California, Davis. “It picks up on every inkling of discrimination that a black person might experience in daily life.” Haynes added: “Many people are saying, ‘I don’t have the money, but Oprah represents what I could be. … She’s like the black Donald Trump. And if it can happen to Oprah, it could happen to anyone.”

Derrick K. Baker writes in a Houston Chronicle commentary: “While liberals and fairy-tale-living Republicans might be inclined to believe that financial prosperity and global humanitarianism are great equalizers and neutralizers of all things racial, black skin sadly remains the great diminisher.”

In September 2005, Hermès CEO Robert Chavez appeared on Winfrey’s show to apologize for the incident.

Racism has also been blamed for derailing the careers of Blacks who appeared headed for billionaire status. Author and activist Dick Gregory says “Michael Jackson did something that no one thought a Black man would do. He purchased the Beatles catalog for $48 million and today it is worth $1.5 billion. He didn’t know when he bought it that the Beatles owned Little Richard‘s music. Michael gave it back to Little Richard, who is very happy now. Michael also owns the Elvis Presley catalogs. A Black man owns (the music of) two of the most important music figures in the world and anytime something is played by either of them, Michael gets paid… He’s a good man and I feel that he’s been the target of a conspiracy to destroy his career. In my opinion, there are people who have a financial interest in bringing Michael down.”[23] – When BET.com posted an image of Michael Jackson in handcuffs with the heading “Black America is spitting mad” readers commented that “The public is lynching our men” and “No matter how much money you have… society will remind you that you can only go as far as they [whites] will let you.”[24]

Madam C.J. Walker

Madam C.J. Walker

Although black people have never been more than half of a percent of the world’s billionaires, two black people have held the title of richest self-made woman in America, and those same two women simultaneously held the title of richest African American. The first was Madam C.J. Walker (1867-1919), an African-American woman who became America’s first self-made woman millionaire[25] and the richest African-American of her day. The second was Oprah Winfrey who in 2007 overtook Ebay CEO Margaret Whitman as the richest self-made woman in America[26] and was described by Forbes as the richest African American of the 20th century.[27] Like Walker, Winfrey is one of the greatest philanthropists of her time. Although Winfrey’s show is known for raising money through her public charity and the cars and gifts she gives away on TV are often donated by corporations in exchange for publicity, behind the scenes Winfrey personally donates more of her own money to charity than any other show business celebrity in America. In 2005 she became the first black listed by Business Week as one of America’s top 50 most generous philanthropists, having given an estimated $250 million.[28] Despite being the 235th richest American in 2005,[29] Winfrey was the 32nd most philanthropic. Much of Winfrey’s charity goes towards educating girls in South Africa while Walker’s philanthropy supported the NAACP, the Tuskegee Institute and Bethune-Cookman College.

John Harold Johnson

John Harold Johnson (January 19, 1918August 8, 2005) was the founder of the Johnson Publishing Company, an international media and cosmetics empire headquartered in Chicago, Illinois that includes Ebony, and Jet magazines, Fashion Fair Cosmetics and EBONY Fashion Fair. Johnson in 1982 was the first black person to appear on the Forbes 400 Rich List, and had a fortune estimated at close to $500 million.

Johnson died at the age of 87 and was widely regarded as the most influential African American publisher in American history and a pioneer in media and business.

Reginald Lewis

After working at several law firms, Reginald F. Lewis[30] opened TLC Group L.P., a venture capital firm, in 1983. In 1987 Lewis bought Beatrice International Foods from Beatrice Companies for $985 million, renaming it TLC Beatrice International, a snack food, beverage, and grocery store conglomerate that was the largest black-owned and black-managed business in the U.S. The deal was partly financed through Mike Milken. When TLC Beatrice reported revenue of $1.8 billion in 1987, it became the first black-owned company to have more than $1 billion in annual sales.

At its peak in 1996, TLC Beatrice International Holdings Inc. had sales of $2.2 billion and was number 512 on Fortune magazine’s list of 1,000 largest companies.

His net-worth was estimated by Forbes magazine as being $400 million, equivalent to well over $580 million in 2007, making him the richest African-American ever at the time of his death. [31] Lewis was among the first African-Americans to make Forbes magazine’s list of the 400 richest Americans and his wife Loida Nicolas-Lewis the first Asian woman on the list[citation needed]

WE ARE THE ELEVATED SPECIES

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Patrice Motsepe

Patrice Tlhopane Motsepe (born 28 January 1962 in Johannesburg) is a leading South African mining entrepreneur. His company, African Rainbow Minerals, has interests in gold, ferrous metals, base metals, and platinum.

He is married to Dr. Precious Makgosi Moloi and they have three children. His sister is Bridgette Radebe, South Africa’s first black female mining entrepreneur and wife of Jeff Radebe

Patrice Motsepe won South Africa’s Best Entrepreneur Award in 2002[1]. In 2004 he was voted 39th in the Top 100 Great South Africans. In 2008 he was 503-rd richest person in the world, by the Forbes World Billionaires List.

As a passionate football lover he owns Mamelodi Sundowns FC which is the most successful club in South Africa since the inception of the Premier Soccer League in 1996. They have won four league titles and a few cups, and are still the only club to have won three consecutive league titles. He is also a big contributor to the social development of South Africa, sponsoring a few disadvantaged NGO‘s and school journeys aimed at discovering the future starts of South Africa soccer.

Since 2004, he is also a Non-Executive Director of Absa Group and Sanlam. [2] and was previously a partner of Bowman Gilfillan.

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3 responses

13 12 2008
Portia

Why has Patrice Motsepe been left out from this?

10 03 2011
Phillip Phoku

I need to know how do you make these things happen, because I spent the rest of my adult life trying so hard to be rich but unsuccessfuly. Please give me some tips.

12 05 2011
Phillip Phoku

Some people can do just about anything to try and be like billionaires. Look at Mandla Lamba. Making stories about top guys like Cyril Ramaphosa being his mentor!

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