New York Plans Small Business Enterprise Program for Minority, Women, Small Firms

Aliko Dangote, recognized as the richest Black person globally, has seen his fortune surge to $23.9 billion, largely due to the successful launch of Africa's largest oil refinery. His wealth has nearly doubled over the past year, highlighting a significant achievement amidst challenges in construction and logistics. Forbes' 2025 billionaires list notes that while there are only 23 Black billionaires, they collectively hold $96.2 billion, with David Steward and Robert F. Smith following Dangote in wealth. This reflects a broader trend of increasing representation of Black billionaires in sectors like finance and energy. However, the overall number remains small at 0.8% of the total billionaire population. This contrasts with ongoing efforts in various sectors to improve diversity and inclusion, as seen in initiatives supporting minority-owned businesses and leadership roles in Arizona and beyond.