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Forbes List 2023: 10 Richest Women In Nigeria, Sources of Income, And Net Worth

In the same way that there is a category for the richest men in Nigeria, there is also a category for the richest women in Nigeria. These women have amassed wealth through their businesses and, in the case of some, through their involvement in Nigerian and global politics.


Folorunsho Alakija – $1 Billion

Folorunsho Alakija is an oil tycoon who amassed her fortune through her company, Famfa Oil. Her wealth has earned her the second spot on Forbes as the richest woman in Africa, surpassing Tony Elumelu. Aside from running an oil company, the 69-year-old woman also works in printing and fashion.

Folorunsho purchased four identical Mercedes-Benz G Wagons for her four sons, and she also owns a 20 million Naira customized Mercedes-Benz S-Class.


Hajia Bola Shagaya – $950 Million

Before starting her own business, Hajia Bola worked as an auditor for the Central Bank of Nigeria. Her company specializes in the importation of photographic equipment. She is said to have introduced Konica photographic equipment to Nigeria. She also owns real estate and some of the most luxurious automobiles.


Daisy Danjuma – $900 Million $3

Daisy Dajuma is a former Senator from the Edo South Senatorial District. She is the wife of General Theophilus Yakubu Danjuma, a former defence minister. She was named chairperson of May & Baker Nigeria PLC, a leading pharmaceutical manufacturing company, in 2019. She owns a few high-end vehicles, but nothing is known about them on social media.


Fifi Ejindu – $850 Million

Fifi Ejindu is a philanthropist, entrepreneur, and architect. She is the founder of the Starcrest Group of Companies and one of the country’s leading female architects. Her company is divided into three divisions: real estate, construction and design, and investment opportunities.

The architect from Abuja drives a Rolls-Royce Ghost worth 130 million Naira, which she purchased for herself on her birthday.


Dr. Stella Okoli – $800 Million

Stella Chinyelu Okoli is the fifth richest Nigerian woman. Emzor Pharmaceutical Industries LTD is her company, and she is the founder and CEO. Dr Stella began her business as a small pharmacy retail store; today, Emzor has over 50 products. There is no information about her luxury cars available on social media.


Bimbo Alase – $750 Million

Bimbo Alase is another wealthy Nigerian woman. She amassed a large portion of her fortune through the furniture business she established in Lagos. Leatherworld Furniture is the name of the company, and it has grown to become one of the most luxurious stores in Lagos. There is no online information about her luxury cars, despite the fact that she owns them.


Mo Abudu – $650 Million

Mo Abudu was named one of the most powerful women in global television in 2017. She is the founder and owner of EbonyLife Television, an entertainment television station where she has created and produced entertaining content. EbonyLife Films is her film production company. Mo’s vehicles include a Mercedes-Benz G-Wagon, an Escalade ESV SUV, a Lexus LX570, and a Mercedes-Benz S-Class. And all of these cars tell us one thing: she is wealthy and sophisticated.


Stella Oduah – $600 Million

Stella Oduah is a politician and senator from Anambra North Senatorial District in Nigeria. She served as the former Minister of Aviation. As a politician, she has been involved in some controversies, such as the misappropriation of government funds.

The 255 million Naira bulletproof car purchase scandal is one of them. The vehicles in question were BMWs. The BMW is the only vehicle associated with her name on the internet.


Ngozi Okonjo Iweala – $550 Million

Ngozi Okonjo Iweala is an economist, international development expert, and former Minister of Finance. She has been recognized several times by Forbes as one of the 50 greatest leaders in the world.

Ngozi Okonjo Iweala has occupied several top positions locally and globally as:

  • Former Minister of Finance in Nigeria
  • Worked in Tech companies like Twitter
  • Center of Global Development
  • African Risk Capacity

In 2020, she became the new Director-General of the World Trade Organization. There is also no public knowledge of the cars she owns.


Diezani Alison Madueke – $500 Million


Diezani Alison Madueke is the first female president of OPEC. She has previously served as Minister of Petroleum Resources, Transportation Minister, and Mines and Steel Development Minister.

While in office, Diezani Alison Madueke was the subject of some controversy. Some of the money laundered through her office was used to buy a yacht, cars, and real estate.


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