A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. Depending on the currency, a certain level of prestige is associated with being a millionaire. Many national currencies have, or have had at various times, a low unit value, in many cases due to past inflation. It is much easier and less significant to be a millionaire in those currencies, thus a millionaire in Hong Kong or Taiwan, for example, may be merely averagely wealthy, or perhaps less wealthy than average. A millionaire in Zimbabwe in 2007 could have been extremely poor. Because of this, the term 'millionaire' generally refers to those whose assets total at least one million units of a high-value currency, such as the United States dollar, euro, or pound sterling.
A billionaire is a person with a net worth of at least one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. It is a sub-category of the concept of the ultra high-net-worth individual. The American business magazine Forbes produces a global list of known U.S. dollar billionaires every year and updates an internet version of this list in real time. The American oil magnate John D. Rockefeller became the world's first confirmed U.S. dollar billionaire in 1916.
Strive Masiyiwa is a London-based Zimbabwean billionaire businessman and philanthropist. He is the founder and executive chairman of international technology groups Econet Global and Cassava Technologies.
Black billionaires are individuals who are of predominantly African ancestry with a net worth of at least US$1 billion.
Rostam Abdulrasul Azizi is a self-made Tanzanian billionaire, business magnate, economist and former politician. In 2013, according to Forbes Magazine he was the first Tanzanian dollar billionaire with a net worth of over 1 billion dollars, in 2023 he had amassed a net worth of 8.2 billion dollars. and according to Henley & Partners Africa wealth report 2022, and was only dollar billionaire in East Africa.
Mohammed "Mo" Gulamabbas Dewji is a Tanzanian billionaire businessman and former politician. He is the owner of MeTL Group, a Tanzanian conglomerate founded by his grandmother, developed by his father in the 1970s. Dewji served as Member of the Tanzanian Parliament for Chama Cha Mapinduzi (CCM) from 2005 to 2015 for his home town of Singida. As of October 2022, Dewji has an estimated net worth of US$1.5 billion, Africa's 17th richest person and youngest billionaire. Dewji was the first Tanzanian on the cover of Forbes magazine, in 2013.
Alhaji Aliko Dangote is a Nigerian businessman and industrialist. He is best known as the founder, chairman, and CEO of the Dangote Group, the largest industrial conglomerate in West Africa. The Bloomberg Billionaires Index estimated his net worth at $15.3 billion in May 2024, making him the second richest person in Africa, the world's richest black person, and the world's 132nd richest person overall.
The World's Billionaires is an annual ranking of people who are billionaires, i.e., they are considered to have a net worth of US$1 billion or more, by the American business magazine Forbes. The list was first published in March 1987. The total net worth of each individual on the list is estimated and is cited in United States dollars, based on their documented assets and accounting for debt and other factors. Royalty and dictators whose wealth comes from their positions are excluded from these lists. This ranking is an index of the wealthiest documented individuals, excluding any ranking of those with wealth that is not able to be completely ascertained.
The World's Billionaires 2014 edition was 28th annual ranking of The World's Billionaires by Forbes magazine. The list estimated the net worth of the world's richest people, excluding royalty and dictators, as of February 12, 2014. It was released online on March 3, 2014.
The World's Billionaires 2010 edition was 24th annual ranking of The World's Billionaires by Forbes magazine. The list estimated the net worth of the world's richest people, excluding royalty and dictators, as of February 12, 2010. It was released online on March 10, 2010. Forty reporters across 13 countries contributed to the list. Carlos Slim and Bill Gates were featured on the cover.
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Switzerland