The richest Black man in the world as of 2025 is Nigerian business magnate Aliko Dangote. He has a net worth estimated at around $23.9 billion, primarily derived from his interests in cement, sugar, and the Dangote Group, which is the largest conglomerate in West Africa. His wealth significantly increased following the commencement of operations at Africa's largest oil and gas refinery, the Dangote Refinery, which began in early 2024
. Dangote ranks as the 83rd richest person globally and leads the list of Black billionaires by a wide margin. Other notable wealthy Black individuals include David Steward, an American IT entrepreneur with a net worth of about $11.4 billion, and Robert F. Smith, a private equity investor worth approximately $10.8 billion
. However, none surpass Dangote’s wealth in 2025.
