Meet the world's richest black billionaires of 2018

Michael Jordan

We put together a list of the world's richest black billionaires, using data from Forbes.
The majority of the billionaires on the list are self-made self-starters who built business empires in finance, sports, media, and commodities.
Only three of the billionaires are from the United States.

Bill Gates, Warren Buffett, and Jeff Bezos may be the richest men in the world, but they aren't the only billionaires.

There are 2,043 people across the globe with three commas in their net worths, according to the 2017 Forbes Billionaires list. The 23 wealthiest have $1 trillion collectively.

In 2017, 10 of the world's billionaires — fewer than 1% — are black, down from 12 last year, reports Forbes contributor Mfonobong Nsehe. Three of the 10 are women. All but one, Isabel Dos Santos, are billed by Forbes as self-made.

To compile the full list, Forbes uses stock prices and exchange rates to estimate the net worths of the world's richest people, and then ranks them based on their wealth. We updated the 2017 list using data from February 15, 2018. Forbes maintains a current snapshot of the world's billionaires, updated daily.

Continue reading to see the richest 10 black billionaires in the world, according to our updated version of the 2017 Forbes Billionaires list.

DON'T MISS: Meet the world's 50 richest billionaires of 2018

10. Mohammed Ibrahim, $1.18 billion

Self-made billionaire, 71 year-old Mohammed Ibrahim, was born in Sudan and now lives in the United Kingdom, where he is the 11th wealthiest citizen. Ibrahim became a billionaire after selling his telecommunications company, Celtel International, in 2005, according to Forbes.

Now he spends much of his time focusing on improving the lives of African citizens through the Mo Ibrahim Foundation.

Net worth: $1.18 billion

Age: 71

Citizenship: Sudan

Industry: Telecommunications

Source of wealth: Self-made

9. Folorunsho Alakija, $1.49 billion

Folorunso Alakija, vice chair of Nigerian oil company Famfa Oil, got her start in business as the founder of an elite Nigerian fashion label, according to Forbes.

The 66 year-old self-made billionaire lives in Lagos, Nigeria and has four children. Her son, Folarin Alakija, recently married Iranian model Nazanin Jafarian Ghaissarifar, in a lavish, multi-million dollar wedding, which took place in England.

Net worth: $1.49 billion

Age: 66

Citizenship: Nigeria

Industry: Oil, Retail

Source of wealth: Self-made

8. Michael Jordan, $1.65 billion

One of the most successful athletes of all time, Michael Jordan, 54, made a total of $90 million as a basketball player, according to Forbes. Since retiring from the NBA, he has amassed the majority of his wealth through his relationship with Nike and other corporate partnerships.

Jordan, who also owns a stake in the Charlotte Hornets, now makes more in one year than he did during his entire professional basketball career, as Business Insider's Cork Gaines reported.

Net worth: $1.65 billion

Age: 54

Citizenship: United States of America

Industry: Basketball, Retail

Source of wealth: Self-made

See the rest of the story at Business Insider