2024 Top 10 Richest People in Barbados — Barbados, a stunning Caribbean island, is not only famous for its pristine beaches and vibrant culture but also for its thriving economy and influential billionaires. The island’s robust financial sector and well-developed infrastructure create an environment conducive to wealth creation and investment opportunities3.
Rihanna, the globally recognized singer and businesswoman, leads the list of the richest people in Barbados. She became the first billionaire from Barbados in August 2020, with an estimated net worth of $1.7 billion in 2023. Rihanna’s wealth primarily comes from her successful music career and her highly profitable cosmetics brand, Fenty Beauty.
The top 10 richest people in Barbados are influential figures who have significantly contributed to the nation’s growth and development. Their fortunes stand as a symbol of their achievements and the vibrant entrepreneurial spirit in Barbados
Here are the 2024 Top 10 Richest People in Barbados and their Net Worth
- Rihanna: Net Worth: $1.7 Billion
Rihanna’s wealth primarily originates from her successful music career and her highly profitable cosmetics brand, Fenty Beauty. - Dermot Desmond: Net Worth: $1 Billion
Dermot Desmond is a businessman and investor with interests in financial services, technology, and real estate. He is a significant shareholder in the National Bank of Greece and the owner of Celtic Football Club in Scotland3. - Kyffin Simpson: Net Worth: $900 Million
Kyffin Simpson is a businessman and philanthropist with interests in energy, retail, and hospitality. He is the Chairman of the Simpson Group of Companies, which includes Simpson Oil Limited and the prestigious Coral Reef Club in Barbados3. - Gabriel Abed: Net Worth: $300 Million
Gabriel Abed is a Barbadian entrepreneur and blockchain expert. He is the founder and CEO of Bitt, a digital currency exchange and financial services company3. - Andrew N. Sabir: Net Worth: $250 Million
Andrew N. Sabir is a businessman and philanthropist with interests in real estate, hospitality, and retail. He is the founder and CEO of the Sabir Group, a leading real estate development and management company in Barbados3. - Cliff Richard: Net Worth: $110 Million
Cliff Richard is a British singer, musician, and actor who has enjoyed a successful career spanning over six decades. - Shontelle: Net Worth: $4 Million
Shontelle is a Barbadian singer, songwriter, and actress who has made a name for herself in the entertainment industry. - Mark Maloney: Net Worth: $3 Million
Mark Maloney is a businessman and philanthropist with interests in construction, real estate, and hospitality. He is the founder and CEO of Maloney Construction and Development, a leading construction and development company in Barbados3. - Ronald Karp: Net Worth: $2 Million
Ronald Karp is a businessman and philanthropist with interests in retail, hospitality, and real estate. He is the founder and CEO of the Karp Group, a leading retail and hospitality company in Barbados3. - Ian Pickup: Net Worth: $2 Million
Ian Pickup is a businessman and philanthropist with interests in technology, finance, and real estate. He is the founder and CEO of Pickup Capital, a leading venture capital firm in Barbados3.
Barbados’ economy is the most prominent in the Eastern Caribbean, significantly relying on tourism, agriculture, and manufacturing. Despite the economic downturn caused by the pandemic in 2020-2021, Barbados is currently recovering robustly, primarily due to the resurgence of tourism and associated activities3.
The anticipated economic growth in Barbados for 2024 is expected to be in the range of 4 to 5 percent, largely attributed to the expansion of tourism and private sector investments. This growth presents a promising outlook for the island, with the potential for further economic development and wealth creation opportunities for both local and foreign investors3.
In conclusion, Barbados is an island ripe with opportunities for wealth creation and investment. From the remarkable success of Rihanna to the presence of other billionaires and entrepreneurs, the island showcases its diverse potential. With a robust economic landscape, promising future prospects, and a myriad of investment opportunities, Barbados is undeniably a Caribbean gem waiting to be explored3.