Ranked: Here Are The Richest Black Billionaires

Mo Ibrahim

In 2011, Sudanese-British businessman, Mohammed “Mo” Ibrahim, was the 692nd richest  person in the world, according to the Forbes Billionaire list of that year, as he was worth $1.8 billion at that time. He is the founder of Celtel and has had huge success in telecommunications, generally. He has also dedicated a significant amount of time to establishing better governance in Africa. In 2005, he sold his mobile phone company, Celtel International, to Kuwait’s Mobile Telecommunications Company for $3.4 billion and earned $1.4 billion from the deal.

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With the intention of achieving good governance in Africa, he established the Mo Ibrahim Foundation, which focuses on fighting corrupt leadership in African countries. He introduced the Mo Ibrahim Prize for Achievement in African Leadership. This is awarded to high performing African leaders, awarding them with an initial payment of $5 million, followed by a lifetime annual payment of $200,000.