Nigerian Billionaire becomes Richest Black Woman + Stats

Nigerian oil tycoon Folorunsho Alakija is now the richest black woman in the world with an estimated fortune of $7.3 billion.

Mother-of-four, Alakija, 62, unseats Oprah Winfrey as the richest black woman in the world.


According to Forbes, Oprah Winfrey is worth $2.9 billion.

Africa boasts 55 billionaires and they’re worth a staggering $143.88 billion in total, according to pan-African magazine Ventures Africa.

Alakija started her career as a secretary in a bank in the mid 1970s, Alakija, 62, then studied fashion in London and returned to Nigeria to start a label, Supreme Stitches. But her biggest break came in oil.

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In 1993, her company, Famfa Oil, was awarded an oil prospecting license, which later became OML 127, one of Nigeria’s most prolific oil blocks.

The company owns a 60 per cent stake in the block, valued at around $7.3 billion, Ventures Africa reports.


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