Ethiopian Mohammed Al-Amoudi Ranked 2nd on the Black Billionaires List

By AfricanLeadership

Of the 1,826 people whoSheik Mohammed Al-Amoudi Ranked 2nd on the Black Billionaires List made it to the 2015 Forbes list of the world’s billionaires, 11 are black, and nine are African by birth or by where they made their fortunes. That’s an increase from nine black billionaires a year ago, Forbes reports.

Three of the 11 black Forbes List billionaires are women, and two of the three women are African. The third is a U.S. citizen with heavy interests in South Africa. This year, two new billionaires joined the ranks of the richest black people on Earth — one U.S. citizen and one Nigerian. Nigeria is the clear standout when it comes to billionaires. Almost half the wealthiest blacks on the planet are Nigerian.

1. Aliko Dangote, $15.7 billion Nigerian, Sugar, Cement, Flour

2. Mohammed Al-Amoudi, $10.9 billion – Construction, Oil

Ethiopian/Saudi Arabian, Oil Son of a Saudi father and Ethiopian mother, Al-Amoudi was born in Ethiopia in 1946. He made his first fortune in construction in Saudi Arabia. He owns a significant stake in the National Oil Company of Ethiopia. In Ethiopia he also invested in gold mining, agriculture and cement production. Outside Ethiopia, he owns oil fields off the West African coast and oil refineries in Sweden and Morocco.

3. Mike Adenuga, $4 billion Nigerian, Oil
4. Isabel Dos Santos, $3.3 billion – Angolan, Investments
5. Oprah Winfrey, $2.9 billion – U.S., TV
6. Patrice Motsepe, $2.1 billion – South African, Mining
7. Folorunsho Alakija, $1.9 billion – Nigerian, Oil
8. Mo Ibrahim, $1.1 billion –
9. Michael Jordan, $1 billion U.S., Basketball
10. Femi Otedola, $1 billion Nigerian, Gas stations
11. Abdulsamad Rabiu, $1 billion Nigerian, Cement, Sugar