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.”
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)