Nigerian Oil Tycoo* Folorunsho Alakija Is World’s Richest Black Woman

· December 6, 2012

Contrary to popular belief Oprah isn’t the richest Black woman in the world. A new report says Nigerian oil tycoo* and fashion designer Folorunsho Alakija takes the top spot, with an estimated net worth of $3.3 billion. African financial magazine Ventures Africa ran the numbers and put Alakija $500 million richer than the American media mogul, who Forbes estimated is worth $2.7 billion.

Alakija is the founder and owner of Nigerian oil company Famfa Oil. The company pumps out nearly 200,000 barrels of oil per day through its partnership with an offshore oil field.

After an**yzing Alakija’s business holdings, Douglas Imaralu, online editor of Ventures Africa said, “At this point, we have no doubt that she is indeed, richer than Oprah.”

Ventures Africa’s report contradicts Alakija’s Forbes listing in Africa’s 40 Richest that estimated her net worth to be $600 million.

Alakija started her career working as a secretary at the International Merchant Bank of Nigeria. She then traveled to England to study fashion design. On her return to Nigeria, she founded Supreme Sti*ches, which produced clothing for upscale clientele. Then, in 1993, without any prior experience in the oil business, she was awarded an oil prospecting license, allowing her company to explore for oil in one of Nigeria’s most prolific oil blocks.

(Photo: Courtesy of The African Globe)


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Discussion21 Comments

  1. Mike Lowrey says:

    Long money. Why is there 2 different net worths(3.3 billon and 600 million)?

  2. NoWhiteINmyCup says:

    Wow , props, interesting part about it is that she and Oprah are not only black, but they earned it, not no inherited bullshiiit

    • jamar says:

      it hard to prove what a woman earns in life…i know women personally that got ahead in life because men did them favors in exchange for you know what…i mean this lady just pops up and she’s the head of an oil company(suspect)…the head female on my job is nowhere near qualified,but she got that favor by using her lips(if you know what i mean).

  3. Playboy69 says:

    She is MOTHER AFRICA!…this must be WALE mother…lmao

  4. crabapples says:

    nice dsl’s

    • MoorFedayeen says:

      B1tch azz N1gga. U stay saying f#ck sh1t like that so u prob another white troll. U crackas stay mad at black success.

      • Juice says:

        ^^^^^^^^^^^^ huh?? Man im starting to think this is a troll… or maybe hahz with another account fucking wit us cause this nigga on some mo shit kid…. to early in the mourning for that race shit moor.. come back later Forrest

      • crabapples says:

        moor i been fuking with atl for years. you speaking out of turn. go sit your azz down.

      • crabapples says:

        moor i been fuking with atl for years. you speaking out of turn. go sit your tired azz down.

        • MoorFedayeen says:

          Heard ya dumb azz the first time. U weak.

          • Playboy69 says:


          • crabapples says:

            moor i schooled your azz several times over the years. if you dont think ol girl has sexy lips then you must be either blind or gay. either way why the fuk are you here?

            and here comes playboy cosigning like your little brother walking around with a piece of cake and crumbs on his face.

  5. PhillyGuy says:

    @Moor: Don’t even worry about that lame comment by “crababbples” I mean, it’s obvious who ever crabapples is just wants attention and is obviously immature. Black success is o so beautiful:) This is what it’s all about…from secretary to oil tycoon. Wow.

  6. MoorFedayeen says:

    Unlike Oprah coon azz this woman really has the money. America won’t show this cause they want us to believe we’re burdens or drains on the country. Peace Hahz.

  7. BzB says:

    from reading the articles posted it sounds like they’re using some fuzzy math to calculate her wealth. either way it sounds like the nigerian gov controls most of her wealth anyway. very common for most african nations to have their hands in the pot, just like every other world gov. many african nations have corrupt gov, just like every other country. more power to her though.

    • dusty says:

      yep your forgot that the biggest corrupted country is usa and that is where you live. you know they planted crack in black neighb

  8. this is weird lol….never heard of her but cool,she doing her thing

  9. DOE RILLA says:

    be inspired and don’t ever say i’m black i can’t


  10. Mister Mister says:

    There are an unknown number of Afrikan millionaires & billionaires that Forbes generally ignores. Love to hear how we are capable of getting WEALTH by business besides rapping & sports.

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