Thought Oprah was the richest Black woman? Think again.
A new report says Nigerian oil tycoon and fashion designer Folorunsho
Alakija takes the top spot, with an estimated net worthof $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 analyzing Alakija’s business holdings, Douglas Imaralu, online
editor of Ventures Africa said , “Atthis 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 workingas 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
Stitches, which produced clothingfor upscale clientele. Then, in 1993,
without any prior experience in the oil business, shewas awarded an
oil prospecting license, allowing her company to explore for oil in
one of Nigeria's most prolific oil blocks.
A new report says Nigerian oil tycoon and fashion designer Folorunsho
Alakija takes the top spot, with an estimated net worthof $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 analyzing Alakija’s business holdings, Douglas Imaralu, online
editor of Ventures Africa said , “Atthis 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 workingas 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
Stitches, which produced clothingfor upscale clientele. Then, in 1993,
without any prior experience in the oil business, shewas awarded an
oil prospecting license, allowing her company to explore for oil in
one of Nigeria's most prolific oil blocks.
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