Move Over Lady O! Lady F is now the richest Black women in the world.

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We all know Oprah’s one of the wealthiest Black woman across the world making major money moves, but over in Nigeria, our favorite media mogul has some extreme competition!

Nigerian oil tycoon Folorunsho Alakija, is worth $7.3 billion, whereas Oprah is worth a whopping $5 billion less! Folorunsho Alakija is a businesswoman from Nigeria. She was born in 1951 to the family of Chief L. A. Ogbara in Ikorodu, Lagos State. She is a business tycoon involved in the fashion, oil and printing industries. She is the Group Managing Director of The Rose of Sharon Group and is the Executive Vice Chairman of Famfa Oil.

Mrs. Folorunsho Alakija has a foundation called the Rose of Sharon foundation that helps widows and orphans by empowering them through scholarships and business grants

According to Ventures Africa, contrary to the Forbes Magazine ranking which pins Alakija net worth at only $600 million, essentially her worth is $7.3 billion. 

Alakija owns 60 percent of the Brazilian oil company, Petrobas. But even before Alakija was a part of this lucrative oil company, she was already born into a wealthy Nigerian family. 
Alakija started working in the mid 70s as a secretary at the International Merchant Bank of Nigeria were she realized her passion for fashion. she left in the 80s and took
began fashion design in London.

She used her fashion and business savvy to return to Nigeria and start her company- Supreme Stitches, a premium Nigerian fashion label that caters exclusively to upscale clientele including Maryam Babangida, the wife of Nigeria’s former military President, Ibrahim Babangida. 

Alakija used her connections from clothing to gain an oil prospecting license (you know, because rich people know about these sorts of things) and that oil company is what got her the fortune she has today. She is the co-founder and the owner of Famfa Oil, which owns a 60 per cent interest in OML 127, an offshore oil field that, produces 200,000 barrels of oil per day.


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