![]() ![]() ![]() Winfrey and her story as a television personality turned media maven. He is currently 995 overall on the billionaire list, with $3.2 billion. His fortune came from mining, after founding African Rainbow Minerals. Patrice Motsepe was the first African Black billionaire, back in 2008. The 61 year old lives in London now, sitting at number 6 on the list of Black billionaires, but 967 overall with $3.3 billion. He is also the majority owner of a fiber optics and satellite services company. Masiyiwa launched his mobile network in Zimbabwe in 1998. Good enough for 5th among Black billionaires and 488 overall. The Missouri native is worth $5.8 billion. The 70 year-old Steward is the founder of World Wide Technology, an IT provider. He famously announced that he would pay the tuition debt for the entire graduating class of Morehouse University back in 2019, during his commencement speech. That’s good enough to make him 397 on the overall list. His software investment company, Vista Equities launched in 2000 and it has amassed him a fortune of 6.7 billion. Smith is the first Black billionaire from the United States on the list. Probably doesn’t come as a surprise this early on the list, that he is also from Nigeria. ![]() He also is in sugar production and real estate. A majority of his wealth comes from cement production. The animation studio intends to use the funds to expand its media library, increase staffing levels, and pursue strategic acquisitions.With a net worth of $6.9 billion, Rabiu comes in 3rd, but 385 overall. Lion Forge Animation aims to secure up to $50 million in funding from wealthy family investment companies and institutional firms. David Steward II, Steward’s son, is spearheading this effort. To expand their presence in the film and television industries, Steward’s family is seeking funding to support the production of inclusive content through their Oscar-winning studio, Lion Forge Animation. ![]() Louis-based World Wide Technology, which provides cloud computing and security services, and digital consulting, Steward also holds a $14-million stake in Centene Corporation, a healthcare services provider operating across the United States. Smith, who is not only America’s wealthiest Black billionaire but also the world’s second-richest Black billionaire. Steward continues to hold the position of America’s second-richest Black individual, with a net worth of $5.6 billion, trailing behind Robert F. Steward’s net worth has risen by $984 million since the beginning of this year, putting him in the exclusive club of Black billionaires who have experienced over $900 million bump in their wealth. The $400 million bump in his net worth makes David Steward one of the few Black billionaires to experience a significant increase in wealth in 2023. Steward’s stake in World Wide Technology accounts for almost the entirety of his $6 billion fortune. World Wide Technology’s valuation is based on the enterprise value-to-sales multiple of three publicly traded peer companies: Insight Enterprises, Eplus, and CDW. Thanks to the recent surge in the valuation of his holdings in his closely held information technology services provider, World Wide Technology, Steward has made up for the loss and then some. Steward, who ranks as America’s second-richest Black billionaire, saw his net worth slump earlier this year due to the pullback in tech stocks, causing a wealth loss of $570 million. David Steward, one of the world’s wealthiest Black billionaires, has experienced a significant increase in his net worth in the past 28 days thanks to the recent revaluation of his privately held tech firm, World Wide Technology.Īccording to Forbes, David Steward’s wealth figures have increased by $400 million, from $5.6 billion on April 13 to $6 billion. ![]()
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