Top 50 African American Billionaires & Millionaires 2022

With many new money billionaires on this years list including Kanye West and Mohammed Ibrahim, today we dive inside the billionaire lifestyles of the worlds top 50 African American billionaires and millionaires while looking look at their ultra net worth lifestyles.

50 - Folorunsho Alakija

Self-made billionaire Folorunsho Alakija is one of the most famous faces in Nigeria and is involved in the fashion, printing and oil business within the country.

Alakija's business career started by establishing a tailoring company named Supreme Stitches and today she has a net worth of just over $1 billion dollars.

She owns a beautiful home in Ikoyi, Lagos which features bulletproof windows and is currently the most expensive home in Nigeria at $1.7 million dollars.

Alakija has been named the second most powerful women in the entire African continent and is currently seeking her second billion with fashion company The Rose of Sharon Group.

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49 - Lebron James

Already a billionaire in terms of career earning, it would appear that taxes and agents fees have kept Lebron James off the Billionaires list this year.

His $850 million dollar net worht includes Three Ferrari's worth $1.2 million dollars, a Lamborghini Aventador and Dodge Challenger SRT

He lives in style thanks to one of the best property portfolio in all of Hollywood including a $36.7 million dollar, 10,000 square foot Beverly Hills mansion and Two L.A. homes with a combined value of $44 million dollars.

Other expensive things he owns inslude a custom Royal Oak Offshore watch designed just for him and one of Ohio's biggest mansions covering 30,745 total square feet.

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48 - Tiger Woods

One name who most people will know, Tiger woods has amassed a personal fortune of close to $800 Million dollars.

Woods owns or owned several amazing properties including a $60 million dollar property on Jupiter Island, Lake Mälaren Private Island and his cars include Cadillacs and Lamborghini's.

Woods also owns a high end sports bar and restaurant named The Woods Jupiter with golf time spent at the $100,000 dollar a year Medalist Village.

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47 - Mohammed Ibrahim

This 71-year-old, Sudanese-British billionaire sold telecommunication company Celtel, a company with 24 million subscribers across 14 different African nations.

After founding the company in 1998, it was involve din many multi-billion dollar deals and these days Mo ibrahim spens most of his time promoting better governance in Africa.

He started the Mo Ibrahim Foundation which, today, fights corruption in Africa and also has a majority stake in Satya Capital, a private equity fund investing in African startups.

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46 - Ayesha Selden

Born and raised in South Philadelphia Ayesha is now a multi-millionaire in Stock, Real Estate, and as a Franchise Business Owner.

This Economic activist has over 80,000 instagram followers and started from literally nothing, building her empire through renting out houses and later becoming a Licensed Financial Planner and Stock Broker.

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45 - Nick Cannon

American comedian, actor, rapper, and television presenter Nick Cannon has an estimated 2022 net worth of close to $30 Million dollars.

Cannon started his music career in 1999 when he formed his own rap group and today he owns a $3.2 million dollar New Jersey mansion and a Bel Air Home worth close to $13 million dollars.

He drives a $128,000 dollar Mercedes-Benz G-Wagon and owns a number of expensive motors including a $500,000 dollar Rolls-Royce Phantom Drophead Coupe.

Other cars in the stars garage include a Lamborghini Murcielago Roadster, Maserati Quattroporte and Ferrari California.

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44 - Michael Jordan

Perhaps one of the more famous faces on our list, Billionaire Michael Jordan made his money in the world of American Basketball.

With a net worth of $1.6 billion dollars, Jordan is the undisputed king of basketball and has been named the greatest of all time by some of the games biggest stars.

He also treated his money with respect, purchasing a 56,000-square-foot mansion in Chicago that hes currently selling for $24 million dollars and an $80 million dollar super yacht, purchased in 2019 for $80 million dollars.

He also has an insane car collection with some of the most expensive models including a Bugatti Veyron Sang Noir worth $2 Million Dollars and a McLaren-Mercedes SLR 722 worth $700,000 dollars.

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43 - Terrence J. Leonard

Living and working in Washington D.C, Cryptocurrency millionaire Terrence J. Leonard now owns his dream home worth $650,000 and made his first million in April 2021.

One of the lesser known people on our list, Terrence is a regular investor in a wide range of Crypto he is now on his way to a multi-million dollar fortune.

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42 - Drake

Canadian-born actor, producer and rapper drake currently has an estimated net worth of $200 million dollars and rakes in around $70 million dollars a year from his work.

Between 2017 and 2018 he earned a staggering $170 million dollars and is now one of the most successful and powerful forces in hip-hop.

Drake has called Hidden Hills, California his home since 2012 where he bought a palatial mansion for roughly $7.7 million dollars and a further real estate empire in the tens of millions.

Nicknamed the YOLO Estate his main home features a 2,000 square foot party house 25-person movie theater, a full-sized basketball court and his lagoon-like pool, loops around the exterior of the house.

His ultra-net-worth allowed him to splash out on Boeing 767 private jet named Air Drake which he had fully kitted out and paid between $75 – $100 million dollars for.

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41 - Patrice Motsepe

Currently the fourth richest person in South Africa, Patrice Motsepe is the founder of African Rainbow Minerals, a gold, platinum and other minerals.

Also having large stakes in financial institutions such as Absa Group and Sanlam, Mostepe purchased a large mansion in Cape Town, Bentley Continental GT and has his own plane, which he once shared with rapper 50 cent.

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40 - Rachel Rodgers

Business coach, lawyer and founder of business coaching company Hello Seven, Rachel Rodgers earned her million dollar fortune by helping women earn more.

Originally earning just $41,000 a year as a clerk for a judge, she built a network of wealthy people and succesfull entreprenuers nicknamed the million dollar squad.

She made her first million dollars even after the pandemic uprotted her business for over a year.

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39 - Kendrick Lamar

Releasing his first full-length project at the age of 16, Kendrick Lamar is today worth around $75 Million dollars and owns an impressive real estate portfolio.

His first property, worth close to $9.7 million dollars sits in a prime location in Manhattan Beach, California, covering 5,350 square feet and boasting 4-bedrooms and 7-bathrooms.

He owns a $523,400 home in Eastvale, California that he has never lived in and while his first car was a 92 Cadillac Seville, today he has upgraded to a more luxurious Ferrari and Corvette.

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38 - Barack Obama

You dont hear much about the first African American President anymore but we can confirm that he is still about and enjoying the luxury lifestyle like never before.

Completing the purchase of a $11.75 million waterfront house situated on nearly 30 acres on Martha's Vineyard, this affluent island home covers 6,892-square-feet and sits on nearly 30 secluded acres.

Obama also owns an $8.1million home in the exclusive Kalorama neighbourhood, just five minutes away from The White House and the home features nine-bedrooms while covering 8,500-square-feet.

One interesting fact for those watching, former presidents are not allowed to drive their own car so while he does own a few, he will have to find some other way to spend his $70 million dollar fortune.

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37 - Oprah Winfrey

Regarded as the most famous talk show host in America, Oprah Winfrey has it all including a multi million dollar property empire and has named one of her largest homes the promised land.

This massive her massive empire includes a $14 million mansion in Telluride, equestrian estate in Montecito california and the $90 Million dollar estate featuring top-of-the-line horse stables, caretaker’s cabin and equestrian ring.

When it comes to cars, Oprah takes her advice from good friend Jay Leno and has purchased a Lincoln Navigator and Cadillac Escalade.

When she needs to travel on long journeys, Oprah purchased the most expensive private jet available, the Gulfstream G650 worth close to $65 million dollars.

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36 - Alfred Nickson

One of the youngest network marketing millionaires in the United States, Alfred Nickson started his marketing career at 19 years old.

It took him just three years skyrocket his earnings to six figures and he was able to help his mum retire after hitting the age of just 25.

He has since purchased a home and his dream car as a reward for his hard work.

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35 - DAVIDO

American-born Nigerian Musician, singer, songwriter, and record producer DAVIDO grew up in a billionaire family however, his father, who we feature later in the video, grew up in very humble beginnings.

Atlanta, Georgia is the location of his first large home which cost him $20 million dollars and his second home is located in Lagos State, Nigeria.

The singer has many cars in his billionaire collection including the ultra expensive Rolls Royce Cullinan and others such as his grey Lamborghini Aventador

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34 - Robert F. Smith

After working in Goldman Sachs, one of the worlds largest financial institutions, Smith, who has a net worth close to $6.7 billion dollars, decided to setup his own private equity firm named Vista Equity Partners.

Another large property owner, Smith has homes in Texas, Malibu, California, New York City, Denver, and Florida.

One of his larger homes is thought to have recently hit the market for $24.5 million dollars.

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33 - DEJI

Popular on YouTube for his try not to laugh, boxing and gaming videos, DEJI is one half of the ever popular Olatunji brothers.

DEJI is not shy about flaunting his $12.5 Million dollar net worth and has been seen driving Lamborghini's and Porche's

He owns several large homes which he rents out and another million pound home on the outskirts of London.

With over 3.4 billion views on his channel, DEJI earns roughly $83,333 dollars per month and was once known as ComedyShortsGamer.

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32 - Bonang Metheba

Television presenter, radio personality, businesswoman, producer, model and philanthropist Bonang Metheba is one of the most famous faces in South Africa.

Also one of the richest celebrities in the country, she has an estimated net worth close to $7 million dollars is a brand ambassador for Revlon Cosmetics.

Some of her favourite luxury cars include Mercedes Benz including the Mercedes G-Wagon and CLA 45 AMG which she purchased on Valentines day.

She is a multiple property owner and purchased her first house at the age of 22 whith her second, and much larger home coming in at the age of just 29 years old.

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31 - Mohammed Hussein Al Amoudi

One of the most powerful people in Africa, his two large holding companies, MIDROC and Corral Petroleum Holdings cover a vast array of businesses in different sectors.

He has invested vastly in gold mining and the cement industry while owning oil refineries and petrol stations in Sweden and Morocco.

Born in Ethiopia in 1946, he is currently the countries richest man with a net worth of roughly $8.1 Billion Dollars.

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30 - KSI

The second half of the Olatunji brothers, KSI has taken his career to a whole different level, far exceeding his brother DEJI's earnings and catapulting himself to the UK's most watched YouTube star.

KSI's love of expensive things is also well known and he has owned a Purple Lamborghini Aventador and has his own company named The Throne Holdings.

KSI has reportedly earned over $8 million dollars from his unbeaten boxing career alone but most of his multi million dollar earnings still come from his YouTube channelk which has over 21 million subscribers.

Another succesful path for KSI is music and he is signed to BMG's LA-based rap label RBC Records with his song, All over the place selling 34,328 copies in its first week.

He owns a custom diamond necklace nicknamed the Beerus” chain which reportedly cost $500,000 dollars and once owned a £65,000 Porsche Boxster.

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29 - Kevin Durant

American professional basketball player and $303 million dollar man Kevin Durant knows exactly how to live the celebrity lifestyle.

His 9,084 square-foot mansion is located in the Ridgemont neighborhood of Redwood Heights in the Oakland Hills and was designed by architect Mike Burgess.

Durant also owns a $4 Million Car Collection that includes the super expensive Lamborghini Aventador Roadster and Rolls-Royce Phantom.

His garage also includes a customized Chevrolet Camaro SS, thought to be worth more than both the lambo and phantom combined.

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28 - Abdul Samad Rabiu

Established BUA International Limited in 1988 for the sole purpose of commodity trading, Abdul Samad is reported to be the second richest man in Nigeria.

Born and raised in Kano in the north-western part of Nigeria, Abdul now owns a $900 million cement plant in Edo State and the second-largest sugar refinery in sub-Saharan Africa.

He is known for his philanthropy including construction of a 7,000-square-meter paediatric ward at the

Aminu Kano Teaching Hospital and the construction of the Centre for Islamic Studies at Bayero University Kano.

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27 - Sevetri Wilson

Founder of two companies: Solid Ground Innovations and Resilia, Sevetri Wilson managed to bootstrap her first company, SGI, to seven figures with zero capital.

Known as a serial entreprenuer, she wrote the best selling book, Resilient, an invaluable collection of private journal entries mapping her business journey.

She describes her passion for building a better life and creating a legacy that can help generations to come into a better life.

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26 - Shaquille O'neil

Known commonly as "Shaq", Shaquille O'neil is currently one of the most famous American former professional basketball players and sports analysts for the NBA.

Shaq's current net worth is roughly $400 million dollars and he has diversified his businesses with everything from restaurants, shopping centers, a movie theater and car washes as well as multiple nightclubs.

He onced part-owned 155 Five Guys restaurants and his property holdings once included this insane $17 million dollar home in Florida's Isleworth community.

Being so tall, Shaq had to have his Ford F-650 customized and the truck apparently comes with a Terminator theme and chrome finish.

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25 - Jay-Z

Fairly new to the billionaire club, Jay-Z is an is an American rapper, songwriter, record executive, entrepreneur, and media proprietor.

Born and raised in New York City, he is currently married to Beyonce and they have been named as one of Hollywood's biggest power couples.

Jay-Z has a current net worth close to 1.4 billion dollars and shares a $88 million mansion in California with his wife while owning a large number of vehicles including a Porsche 911 Carrera Cabriolet and Rolls-Royce Phantom.

Rumours also swirl that he has taken posession of a Bombardier Challenger 850, worth close to $30 million dollars.

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24 - Clarence Wooten

Co-Founder and General Partner at Revitalize Venture Studios, Clarence Wooten was nicknamed the serial entrepreneur by Entrepreneur Magazine in its February 2000 issue.

He has launched and operated numerous technology companies since founding his first company, Envision Designs and has a current estimated net worth of $23 million dollars.

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23 - LUDACRIS

With a business empire worth $25 million dollars, Christopher Brian Bridges known professionally as Ludacris, is an American rapper and actor.

Said to be a lover of the fast life, this man did not even know his house had a tennis court until he was forced into lockdown.

His homes include a $1 million dollar condo in Los Angeles and a $4.8 million Hollywood Hills home.
LUDACRIS is well known for his brand endorsments including Puma and founded the Ludacris Foundation, a charity that helps disadvantaged youth.

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22 - Tyler Perry

Joining the list back in 2021, Tyler Perry has a net worth of $1 billion dollars and is an American actor, director, producer, and screenwriter.

Perry has become good friends with people like Janet Jackson, Will Smith and Oprah Winfrey while amassing a fortune around his own film studios, TV programs and books.

He recently purchased a $13.5 million dollar Los Angeles home while his other eight-bedroom, 12-bathroom ultra-luxury Beverly Hills hideout is thought to be worth close to $18.5 million dollars.

He owns a Bentley GT Sports Coupe, Gulfstream III and has been seen relaxing on several luxury yachts.

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21 - Femi Otedola

Another Nigerian Billionaire Businessman, Femi Otedola is a famous philanthropist in his home country and is the founder of Zenon Petroleum and Gas Ltd.

Otedola owns a number of other business in his billionaire portfolio and these include shipping, real estate and finance.

Building a net worth up to $1.8b billion dollars, Otedola flies around in a sleek private jet that features both a home office and bedroom.

He has one of the best car collections in Nigeria including a Mercedes-Benz AMG G63, Mercedes SLR McLaren and Rolls-Royce Phantom.

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20 - Burner Boi

Nigerian singer and rapper Burner Boi, rose to prominence in 2012 after releasing "Like to Party", the lead single from his debut studio album L.I.F.E.

He has a current estimated net worth of $17 million dollars, he owns a home on the ultra-exclusive billionaire enclave of Banana Island and also has several houses in Lagos.

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19 - Michelle Obama

Wife of former President Barack Obama, former first lady Michelle Obama has built her own business from the ground up.

The attorney and author who served as the first lady of the United States from 2009 to 2017 was the first African-American woman to serve in this position.

She owns an amazing $11.75 million dollar home with her husband and the 29-acre estate has 7 bedrooms and 8 and a half bathrooms.

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18 - Pharell Williams

Famous in the world of music, Pharrell Williams net worth is estimated to be close to $200 million dollars and he stands as one of the world's richest rappers.

He formed the hip hop and R&B production duo The Neptunes in the early 1990s and currently lives in a glass-covered compound in Laurel Canyon purchased for $10 million dollars.

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17 - Strive Masiyiwa

The first Zimbabwean businessman on this years list, billionaire philanthropist Strive Masiyiwa currenty resides in London thanks to the purchase of his detached £2.5million mansion in the nations capital.

Living on an exclusive private estate in Surrey, the Netflix and Unilever board member named as Britain's first black billionaire and has a current net worth of close to $3.1 billion.

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16 - Rihanna

Currently one of the most famous singers in the world, Rihanna started her career from the ground up and is the worlds wealthiest female musician with a net worth of $1.7 billion dollars.

Rihanna owns a massive home in Barbados and the $21.8 million beachfront property covers 10,000-square-feet and is part of One Sandy Lane, an exclusive set of residences in a luxury resort.

She has owned other property too, including a $13.8 Million dollar Mansion in Beverly Hills, California and rented an £18,000-per-month home, London, England.

She has been known to cruise around in a Mercedes Benz SLR McLaren and counts the Maybach 57S as one of her favorite motors.

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15 - Jeff Badu

Sitting atop a massive empire he formed while amassing a net wealth over a $1 million before he hit 26 years old, Jeff Badu was once in a neighborhood Chicago gang.

This rags to riches story proves that anyone can make a succesful future for themselves if they try hard enough.

Today Badu owns tax preparation businesses, car rental businesses and real estate investment groups.

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14 - Aliko Dangote

Nigerian business magnate Aliko Dangote is one of the richest people in Africa and has a net worth topping $14.1 billion as of January 2022.

Being one of the richest people on the continent means he gets to live in style thanks to this $30 million dollar house, located in Abuja.

Reported to only sleep only four or five hours at a time, he has built a business empire and has purchased two private jets including Bombardier's Global Express XRS worth close to $9.5 million.

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13 - Barry Bonds

Former American professional baseball player who broke the major league home run records for both a career and a single season home runs, $100 million dollar man Barry Bonds is well known in the face of sporting circles.

He recently listed his Mediterranean-style home on the market for $6.6 million dollars and the five-bedroom home sits on a half-acre plot in Hillsborough, in San Mateo County.

Bonds, whos collection of cars include a 1994 Porsche 993 Speedster is considered to be one of the greatest baseball players of all time.

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12 - Samuel L. Jackson

Another world famous actor making this years list, Samuel L. Jackson has seen over $16.7 billion dollars spent at the box office from people watching his movies.

The actor, who has a current personal net worth totalling $250 million dollars, seperated his time between his 11,738-square-foot estate located in the Beverly Park neighborhood of Beverly Hills and his now sold $13 million dollar New York apartment.

The Star Wars star, has a car collection is as versatile as himself and this includes a Range Rover Sport, Maybach 57S and Toyota Camry.

While he does not own a yacht, Jackson did charter Aquila with LL Cool J, and other celebrity friends in 2019, reportedly costing around $1 million a week and owned by Ann Walton Kroenke, heir to the Walmart fortune.

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11 - Floyd Mayweather

Man of money, fame and everything in-between, Floyd "Money" Mayweather is rarely see without some kind of cash located on his person.

Famous for sitting in banks and having his staff count reems of cash through automated counting machines, Floyd makes his money through his boxing business empire.

Mayweather has an insane car collection worth an estimated $100 million dollars and it contains over 100 cars including five Rolls-Royces Ferraris, a Mercedes McLaren, a G-Wagon, a Bentley coupe, and Bugatti Veyron.

His real estate is also designed to impress with houses in Miami, LA and Vegas and he is invested with a company that owns nine skyscrapers.

His current net worth puts him close to the $500 million dollar total but with him now owning nightclubs and private jets, this total is sure to hit $ 1 billion dollars soon

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10 - Magic Johnson

Now oifficially a billionaire, former professional basketball player Earvin "Magic" Johnson Jr is part of the ownership group for the Los Angeles Dodgers.

After earning the nickname magic in highschool, Johnson went on to become one of the greatest players of all time and once lived in a modest $7.9 million dollar mansion which he sold some time ago

The home covered 14,000 square feet and featured nine bedrooms, a gym, game room, tennis courts and a swimming pool.

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9 - Halle Berry

Kicking off her movie career in 1989, Berry first moved to New York City while briefly living in a homeless shelter before she landed her first role with ABC's Living Dolls

The oscar winning actress is, today, one of the worlds most famous actresses with a net worth touching $90 million dollars.

She owns a stunning mansion in Malibu, California and has chosen the Lexus RX450 SUV as her favourite car.

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8 - Alexander Karp

American billionaire businessman, and the co-founder and CEO of the software firm Palantir Technologies, Alexander Karp's net worth has ballooned to $2.1 billion dollars.

Earning a bachelor's degree from Haverford College, he successfully invested in startups and stocks and later founded the London-based money management firm Caedmon Group.

Known to be a good friend of his Stanford classmate American intestor Peter Thiel, he owns owns property in Palo Alto, California and Grafton County, New Hampshire.

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7 - Janet Jackson

American singer-songwriter, actress, and dancer Janet Jackson is best known for her elaborate stage shows and innovative, socially conscious music.

Having sold over 100 million records, she is one of the world's best-selling music artists and was originally acting at the age of seven.

Today her net worth stands at $180 million dollars and has been seen driving her £90,000 Range Rover Vogue in London.

Janet owns this $8.5 million dollar home in Maluibu and its reported she also purchased a home in Henderson New York.

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6 - Morgan Freeman

One of the most famous people on this years list, Morgan Freeman didnt get his acting break until he was in his 40's.

Recipient of the American Film Institute's Lifetime Achievement Award, Freeman has made over 50 movies and has won Golden Globes, several Peoples Choice awards and an Oscar.

These days, Morgan Freeman resides in a 124-acre Charleston, ranch which features 26 bee hives that the star imported.

His car collection is modest for a $250 million dollar net worth and includes a $10,000 dollar BMV 745 and his GMC Denali worth $49,000 dollars.

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5 - Mohammad Salah

Egyptian professional footballer Mohammad Salah is well known on the streets of Liverpool and is currently considered to be one of the best football players in the world.

Known for his finishing, dribbling, and speed, Salah is also known for raking in the millions with a current estimated net worth of close to $88 Million dollars.

The soccer star is one of the highest-paid athletes in the United Kingdom with him earning over $35 million per year from his contracts, endorsements and sponsorships.

He owns a number of houses which have not been made public and his cars include a Mercedes-Benz AMG GLE COUPE, Lamborghini Aventador and Bentley Continental GT.

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4 - David Stewart

Chairman and founder of World Wide Technology, one of the largest African-American-owned businesses in America, David Stewart has a current net worth of $3.7 billion dollars.

Born on July 2, 1951 in Chicago, Illinois, Steward worked at Wagner Electric as a production manager 1974 and 1975.

He has earned a number of awards including Top Minority Entrepreneur 1998 and made the Top 100 List of St. Louis Leaders in 2002.

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3 - Michael Lee-Chin

Jamaican-Canadian billionaire businessman, and philanthropist Michael Lee-Chin is the current chairman and CEO of Portland Holdings Inc, a privately held investment company in Ontario, Canada.

Appointed to the Order of Ontario in 2017, Lee Chin has made several large pledges and donations in Canada to the Royal Ontario Museum in 2003, one of which totalled $30 million dollars.

Well known for his multi-million dollar philanthropy, he donated $10 million to the Joseph Brant Hospital Foundation and $10 million gift to the Rotman School of Management at the University of Toronto.

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2 - Lewis Hamilton

Famous around the world and already in several of our top list videos, Lewis Hamilton is currently the world's highest paid Formula One racing driver.

Not shy on cash, Lewis's bank balance is reportedly close to $285 million dollars and he owns a number of houses including a 6,547 square-foot $45 million dollar home in New York and a $22 million dollar six-bedroom detached villa in London.

Like many F1 drivers, the star owns property in Monte Carlo too, and his 2,000sq ft, four-bedroom duplex is reported to have cost $40 million.

The man who drives cars is also the man that owns them and his collection includes a Pagani Zonda worth $15 million dollars and his other favorite, a McLaren P1.

Other cars in his insane collection include a 1966 Shelby 427 Cobra, Mercedes-Benz SLS AMG Coupe Black Series and a 1967 Ford Mustang Shelby GT500.

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1 - Will Smith

One of the most famous actors in the world, Will Smith also owns one of the largest properties in Calabasas, spanning 25,000 square feet and costing $42 Million dollars.

Sits on 150 acres, Smiths home features an eight-car garage, its own movie theater, and a private recording studio.

Smith knowns how to spend big and he also owns a $13.5 Million Beach House in Hawaii and a $10 million dollar compound on the same island.

Smith likes to live on-set when shooting his movies and the star picked up a $2.5 Million dollar two storey Motor Home

Covering 1,200 square feet it has 14 TV screens, a dressing room, 360-degree security cameras and seats up to 30 people.

Cars are also a part of Will Smiths Billionaire lifestyle and include a $370,000 Bentley Azure, 1965 Ford Mustang, Tesla Roadster, BMW i8 and a $300,000 dollar Rolls-Royce Ghost.

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