Atlanta, Georgia, is widely recognized as the U.S. city with the most Black millionaires, serving as a significant hub for the African American upper class, boasting numerous Black-owned businesses and high concentrations of affluent residents, with metro areas like Prince George's County (MD) and Washington D.C. also showing strong economic Black populations.
Atlanta, Georgia has the most black millionaires in the country.
Metro Atlanta remains the nation's hub for Black-owned businesses according to a recent analysis.
Six of the top 10 billionaires are American, led by David Steward ($11.4B) and Robert F. Smith ($10.8B). Nigeria is the only African country with multiple names: Dangote ($23.9B), Mike Adenuga ($6.8B), and Abdulsamad Rabiu ($5.1B).
Cities where people who are Black alone are not at least 30% of the population, while people who are either Black alone, or, in combination with another race, do form at least 30% of the population, are italicized. Note that New York City has the largest population of black residents among American cities.
From Washington to Houston, check out the top cities leading this new migration.
Salvador is considered the blackest city in the world outside of Africa largely due to the transatlantic slave trade. It was fascinating to come here with my wife from Nigeria (@dara_for_enjoyment_only) and see her draw so many parallels with her home. #salvador #salvadorbrazil #yoruba #travelstory #brazil #yorubagirl.
1) The Dangote Family — Nigeria (Aliko Dangote)
Why they're here: Aliko Dangote has been Africa's richest person for years; the Dangote family is a corporate dynasty centered on Dangote Group — cement, sugar, salt, flour, and now massive oil & refining ventures.
Business magnate Aliko Dangote Is 67 Today With a net worth of $16.1 billion, Aliko Dangote is currently the richest person in Africa and the world's richest black man. For thirteen years running, Aliko Dangote has been the wealthiest person in Africa. (born April 10, 1957).
Abdulsamad Rabiu 🇳🇬 – $5.1 billion 8. Michael Jordan 🇺🇸 – $3.5 billion 9. Oprah Winfrey 🇺🇸 – $3 billion 10. Patrice Motsepe 🇿🇦 – $3 billion 11.
Arts and Lifestyle
This is the richest black city in America. It's Atlanta. And they have over 11, 000 black millionaires. But why there's so many black millionaires in Atlanta?
Atlanta is home to some of America's most prominent Black politicians, artists, businesses, and HBCUs. Yet, in 1861, Atlanta was a final contender to be the capital of the Confederacy. Sixty years later, long after the Civil War, it was the Ku Klux Klan's sacred “Imperial City.”
The African American middle class exists throughout the United States, particularly in the Northeast and in the South, with the largest contiguous majority black middle-class neighborhoods being in the Washington, DC suburbs in Maryland.
Sarah Rector's story hasn't been widely known until recent years. “Sarah's Oil,” a new biographical drama currently playing in movie theaters, tells the story of how in the early 1900s, Rector became one of the first Black female millionaires at just 11 years old.
White families, for instance, typically have more wealth than other racial and ethnic groups. In fact, white families have an average net worth six times greater than that of Black and Hispanic families. Yet white families do not hold the greatest average wealth of any racial group in the US. Asian families do.
As of early January 2026, Elon Musk is consistently ranked as the world's richest man, leading lists from Forbes and Bloomberg, with significant wealth derived from Tesla, SpaceX, and his various tech ventures, often holding over $600-$700 billion, followed by tech leaders like Larry Page and Jeff Bezos. His fortune has seen significant growth, making him the first person to reach several multi-hundred-billion-dollar milestones, notes Wikipedia.
As of 2025, here are the world's 21 Black billionaires:
Jay-Z's fortune now ranks just below Aliko Dangote, Abdul Samad Rabiu, and Mike Adenuga, making him officially wealthier than Femi Otedola, the nation's fourth-richest man.
Key Takeaways. At over $430 billion, the Walton family is the richest family in the world.
Oprah Winfrey, $3.1 billion. Femi Otedola, $1.85 billion. Strive Masiyiwa, $1.8 billion.
Musa is believed to have been the richest person in history, even by today's standards. His expansive kingdom included all or parts of modern-day Mauritania, Senegal, Gambia, Guinea, Burkina Faso, Mali, Niger, Nigeria and Chad.
What is the main ethnicity in Brazil? Brancos "white" or people of European ancestry are the largest ethnicity in Brazil. However, Brazil has a large, and rapidly increasing, mixed population of European-African-Native ethnic groups.
Khara Khoto, known as the "Black City," is an abandoned city in the Gobi Desert of Inner Mongolia, China.