Black carbon (BC) is a by‐product of combustion from wildfires and fossil fuels and is a slow‐cycling component of the carbon cycle. Whether BC accumulates and ages on millennial time scales in the world oceans has remained unknown. Here we quantified dissolved BC (DBC) in marine dissolved organic carbon isolated by solid phase extraction at several sites in the world ocean. We find that DBC in the Atlantic, Pacific, and Arctic oceans ranges from 1.4 to 2.6 μM in the surface and is 1.2 ± 0.1 μM in the deep Atlantic. The average 14C age of surface DBC is 4800 ± 620 14C years and much older in a deep water sample (23,000 ± 3000 14C years). The range of DBC structures and 14C ages indicates that DBC is not homogeneous in the ocean. We show that there are at least two distinct pools of marine DBC, a younger pool that cycles on centennial time scales and an ancient pool that cycles on >105 year time scales.