The 2012 Black Billionaires List, Al-Amoudi Comes to Top

Nigerian billionaire Aliko Dangote is no longer the richest black person in the world. He’s been ousted by Ethiopian-born Saudi billionaire Sheikh Mohammed Al-Amoudi who is worth an estimated $12.5 billion. That’s $1.3 billion richer than Dangote.

American TV mogul Oprah Winfrey remains the only black female billionaire in the world.

Of the 1,226 people who made it to the 2012 FORBES list of the world billionaires, only 6 are black. These are 6 who made the cut:

 

Ethiopian-born Saudi billionaire Sheikh Mohammed Al-Amoudi

Mohammed Al-Amoudi, $12.5 billion

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Saudi Arabia. Oil

Born to a Saudi father and Ethiopian mother, Mohammed Al-Amoudi immigrated to Saudi Arabia as a child where he made a fortune handling lucrative construction contracts for the Saudi Royal family. He subsequently invested in Sweden, Morocco and Ethiopia. His most prominent assets include oil companies Svenska Petroleum Exploration, which produces crude oil in Africa, and refinery operator Preem.  Al-Amoudi stays committed to the country of his birth: Ethiopia. In February, he announced a $3.4 billion investment in Ethiopia via his newly formed Derba conglomerate. The funds will be invested in agriculture, cement production, steel and transport. He also owns gold mines in the country and the very prestigious 5-star Sheraton Hotel, Addis. Passionate soccer fan.

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Aliko Dangote, $11.2 billion

Nigeria. Sugar, Cement, Flour

Dangote loses his position as the world’s richest black man, but he remains Africa’s wealthiest individual nevertheless. He shed more than $2.6 billion from his net worth since last year as a consequence of Nigeria’s floundering stock market.

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