The East Community Guide November Vol1 No1 1 | Page 13

HERE’S WHAT YOU CAN LEARN FROM THE

7 RICHEST BLACK PEOPLE IN THE WORLD
Money moves movements. The more capital that we in the conscious community collectively
control, the more likely we will be to effect real change in our communities and in the world.
We cannot rely on Black Billionaires to improve the condition of our people (although many have
used their wealth to fight disease, increase employment opportunities, and save lives), But we can
learn from their success to reach new levels of economic empow erment.
In studying the 7 richest Black people on Earth, we identified three things you can do to
increase your chances of becoming a Black Billionaire.

MOVE TO NIGERIA
Nigeria is home to 23,000 millionaires, 20 Billionaires, and 3 out of 7 people on our list of the
richest Black people in the world. While the West African nation has been criticized for
corruption and global scam rings, Nigerians have something that can ’t be taught: hustle.
Keys to Wealth: Move. Even if you don ’t want to move to Nigeria, you should live in an area that
increases your chances of success. If you have your sights set on Hollywood fame and you live in
Nebraska, buy a plane ticket today. If you want to break into the music scene, Atlanta, Chicago,
New York and Miami are where yo u need to be – not Sioux City, Iowa. Opportunity will find you
easier if you are average in an above average city, than it will if you are above average in a no name village.

GET INTO INDUSTRY
If you think the rap game is your path to being super -rich, think again. All but one of the people
on our list made their billion in industry, and the richest person on the list (Aliko Dangote), made
his money making…cement.
Yes. Cement.
Cement made Aliko Dangote not only Africa ’s richest man, but the 23rd richest per son in the
world, according to Forbes.
Even Dr. Dre, the rapper turned producer whose company Beats By Dre was acquired by Apple for
$3 Billion, had to break into manufacturing before his income skyrocketed.
Keys to Wealth: Stop consuming, start producing. The richest Black people in the world moved
from being consumers to being producers. Mo Ibrahim, a British -Sudanese businessman, was the
founder of Celtel, a mobile phone company. In 2005, he was able to sell his shares in the company
for an astounding $3.4 billion.
Rather than scraping together money to buy the latest iPhone, start selling them. Rather than
keeping up with the latest fashion trends at the mall, start producing them yourself with your
ow n clothing line.
Nigeria’s first female billionaire s tarted her own clothing line and rolled the profits into a deep
water oilfield in Nigeria. She is now worth $2.5 Billion.

CREATE AND DIVERSIFY MULTIPLE STREAMS OF INCOME
Putting all of your eggs in one basket won’t get you into the Billionaire club. All of our
billionaires used the money they made early on to create multiple streams of income from several
different sources. Relying on one job, or one strategy for making money could be disastrous if you
are fired, or if that stream dries up. To avoid losing your hard earned money, create new sources
of income.

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