Black Billionaires

I will speak much further on this tonight. I'm headed to work right now but, yes, let's start an investment thread.

Sounds like a great idea.

 

how so?

 

I think starting a thread like that will def be a good idea.

 

Think about it.

 

lol, if dating a ww and participating on IR forum makes me a billionaire, then I say America you owe me money!

 

To get a great one you gotta get that paper right?

 

Money makes the world go round and round, you should know that you live in the Big Apple, lol.

 

Ya, so says MF. What's the marital status of all these billionaires on the list? I mean per your formula they should be lucky in love.

 

Who needs love when you got money ya dig?

 

I don't believe he lost a total of a billion (even tho that is possible) dollars. He simply lost too many millions to remain a billionaire.

 

When I read this, I burst into laughter...but then I remembered a speech I sat in on some years about the power of marketing and investments centered around the "baby boomers" segement of America.

 

Jc don't tell me money does not buy a hot woman (in process love). You know better than that, stop playin'.

 

Dude it's a lost cause because most of our fine female friends on wwbm are above vapid materialism. It's all the other women of the world who care about that kind of thing.

 

Too many Beyonces. Not enough Claire Huxtables.

 

Real talk. Those days are gone fam.

 

I think he lost $600+mil to his ex-wife when they divorced.

 

Black Billionaire Profiles

This is a list of black billionaires from around the world. Robert Johnson and Michael Lee-Chin were the first black people to be listed on Forbes magazines annual ranking of the World's Billionaires in 2001. Forbes mistakenly listed Mr. Johnson as the only black billionaire not recognizing Mr. Lee-Chin as being black. On its 2011 edition of The World's Billionaires list, Forbes again list six black billionaires, three in Africa, one in the UK, one in the Middle East and one in North America. Mr. Michael Lee-Chin did not make the cut for 2011.


Current Black Billionaires

--------------------------

Aliko Dangote

Company: The Dangote Group

Position: Chairman, President

Industry: Manufacturing

Country: Nigeria
----------------------------

Dr. Mike Adenuga

Born: March 29, 1953, Ijebu Igbo, Ogun State

Company: Globacom Limited,

Position: Chairman, CEO,

Industry: Telecommunications Services,

Country: Nigeria
---------------------------------

Mohammed Al Amoudi

Born: 1946, Dessie, Ethiopia

Company: Corral Petroleum Holdings, MIDROC Ethiopia

Position: Chairman

Industry: Petroleum

Country: Saudi Arabia, Ethiopia
----------------------------

Mohammed Ibrahim

Born: 1946, Sudan

Company: Celtel International, MSI Cellular

Position: Founder and Chairman

Industry: Wireless Communications Services

Country: UK

-----------------
Oprah Winfrey

Born: January 29, 1954

Company: Harpo Inc.,

Position: Chairman

Industry: Media

Country: United States
--------------------------------

Patrice Motsepe

Born: January, 28, 1962, Johannesburg

Company: African Rainbow Minerals Limited

Position: Chairman

Industry: Mining

Country: South Africa


------------------------------------------

Past Black Billionaires

Femi Otedola

Company: African Petroleum

Position: Chairman

Industry: Energy

Country: Nigeria

----------------------------

Michael Lee-Chin

Born: Port Antonio, Jamaica, 1951

Company: Portland Holdings Inc.

Position: Founder, Executive Chairman

Industry: Financial Services

Country: Canada
------------------

Robert L. Johnson


Date of Birth: April 8, 1946, in Hickory, Mississippi.

Education: University of Illinois, BA, 1968; Princeton University, MPA, 1972.

Company: The RLJ Company

Position: Founder, CEO

Industry: Real Estate, Hospitality,...

Country: United States


http://www.blackentrepreneurprofile.com/black-billionaires/

 

Nigerian billionaire-Kase Lawal on CNN

He has been listed in Black Enterprise as far back as 2006, not sure why he has not been listed in Forbes yet. He is also Black American.

http://www.camac.com/PDIYSImages/14.pdf



[YOUTUBE]Z0jO-lx5-DI&feature=BF&list=PLC507EB98B50E0A88&index=2[/YOUTUBE]

 

Not a billionaire, but he has enormous reputation in the business world.

Adebayo Ogunlesi, owner of Gatwick Airport

[YOUTUBE]EKixx2c-2BU[/YOUTUBE]

 

There are many black men that are extremely wealthy. Now, I talk about old money.Those folks that made their money in pound's sterling.I guess you only get to hear news constructed on contemporary events, and pushed out by ignorant media, yet the idea of wealth is not new to a huge section of Nigerian elites.

I am pretty sure in the coming years you will start to see the presence of many Nigerians in many sectors of trade around the world. As soon as government reforms catch fire, and there are serious policies in place, and there is less of political instability.

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Africa: The Nigerian Millionaires
TIME Magazine.

Friday, Sep. 17, 1965


Along with pride in status and problems of self-government, independence for the 31 nations of black Africa means the emergence of black businessmen. A few flourish on cottage industries, that early stage of every economy; some are the opportunistic agents of the colonial companies that formerly ruled them. Now, however, more of Africa's new businessmen are not only university-trained and experienced but surprisingly sophisticated in trade and finance. In Equatorial Africa, it is no longer unusual to see a $200,000 letter of credit emerging from the folds of a native robe. Nowhere is the new African businessman doing better than in Nigeria, black Africa's most populous and most prosperous nation. With a population of 55 million and an economy that grows 4% each year, the number of Nigerian millionaires is growing almost as fast as the country itself.

Peanuts & Petroleum. Even before Britain withdrew five years ago, Nigeria had a flourishing trade, exporting peanuts, cotton, palm kernels and cocoa and importing in exchange manufactured goods, foods and tobacco The first native millionaires made their money by competing with the white man for his trade. Among Nigeria's richest businessmen is Alhaji Sanusi Dantata 46, who buys and ships much of the rich Kano region's peanut crop. Dantata's agents last year bought 84,000 tons from small farmers, paid with traditional handfuls of coin counted out in dusty village squares. Sir Odumegwu Ojukwu 66, knighted shortly before independence, started off by importing dried fish for resale to the nonfishing Nigerians then decided to ship the fish inland himself instead of leaving the job to others. He also amassed the country's largest fleet of "mammy wagons," the trucks that carry Nigerians (including market women, which gives the trucks their name) from place to place.

In today's new Nigeria, businessmen are more likely to succeed by producing new goods or services. Sir Mobolaji Bank-Anthony, 59, known as "The Black Englishman" for his impeccable manners and imperturbable air, began by importing cuckoo clocks and marble statues. He now controls or owns part of ten companies, including a tanker fleet and a charter airline. Emmanuel Akwiwu, 43, earned law degrees at Cambridge; returning home just as Nigeria's oil boom began he organized a company that now has 70 vehicles, hauls oil rigs and supplies for British Petroleum Ltd. Chief Shafi Lawal Edu, 54, who is president of Lagos' chamber of commerce, has built a fleet of eight oil tankers. He owns a silver-blue Rolls-Royce, but usually drives around in a Mercedes—thinks it is less ostentatious.

No Need to Clash. Many Nigerian businessmen have taken advantage of the novel opportunities that inevitably accompany broadening prosperity. Chief Timothy Adeola Odutola, 63, a onetime farmer, developed a business to produce bicycle tires for the growing army of bikes, has done so well that he is adding a $1,700,000 plant, plans eventually to harvest his own rubber from his 5,000-acre plantation. A former office worker, Ade Tuyo, 63, cast around for a business that would have 'first priority in people's spending" opened a bakery that today has four shops and makes 115 products. The firm's unusual name—De Facto Works Ltd.—was shrewdly chosen by Tuyo to impress Nigerian bankers with the fact that he was seriously in business

Bayo Braithwaite, 36, one of Nigeria's younger businessmen, left a British insurance company to found a firm that would write life insurance on Nigerians which the British underwriters avoided. So successful has Braithwaite been that his African Alliance Insurance Co Ltd occupies a six-story Lagos home office and has 300 bush-beating agents. Braithwaite lives in an elegant house in suburban Ikoyi, where glass and concrete are deliberately intermixed with African folk art to prove that "the two need never clash."

So, it is, too, with Nigerian business. The Nigerians feel that they and their onetime white masters need never clash. "The time is coming," says Timothy Udutola, "when we will produce more than we can consume and we will have to look outside Nigeria for markets" Against that time, Nigeria is seeking joint ventures in Europe and the U.S., has also concluded negotiations for eventual associate membership in the European Common Market. Already it exports more to the Market than to its old master, Britain.

http://www.time.com/time/printout/0,8816,842145,00.html