Home News Folorunsho Alakija Displaces Oprah Winfrey as Richest Black Woman

Folorunsho Alakija Displaces Oprah Winfrey as Richest Black Woman


Oprah had a nice run as the world’s richest black woman, but as they say, all good things must come to an end.

Now, move over because Folorunsho Alakija is now the richest black woman in the world.

Ventures Africa says she bested Oprah by $500 million. Alakija is estimated to worth $3.3 billion and at the last count, Oprah’s in the neighborhood of about $2.7 billion, according to Forbes Magazine.

Would you believe the now billionaire Nigerian oil baroness and fashion entrepreneur started her career as a secretary at a bank in Nigeria? Yes, she most certainly did.

When she moved to England in the 80’s she studied fashion and eventually ended up starting her line called “Supreme Stitches”.

The 62-year-old did well with her fashion brand but the bulk of her fortune comes from the oil business. Her company Famfa Ltd got an oil exploration license and they attained a 617,000-acre oil block which was highly lucrative.

Ventures Africa stated that her assets include a $46 million jet and a portfolio over $100 million.

“We have no idea on how much debt (if any, the company [Famfa Oil] has), but even if we take the high side, and subtract 50 percent of the value of her stake for debt, that still gives her 60 percent stake in OML 127 a market value of $3.2 billion, which makes her [Alajika] richer than the $2.7 billion Oprah Winfrey is worth, according to Forbes Magazine’s last rankings,” reported Ventures Africa.

*Culled from blAckamericaweb.com


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