Email

Oprah No Longer the Richest Black Woman; Replaced by Folorunsho Alakija

oprah and Folorunsho Alakija

Oh no! Say it isn’t so.

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

oprah and Folorunsho Alakija

O, move over ’cause 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 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.

FILE – In this Jan. 6, 2011 file photo, Oprah Winfrey listens to a reporter’s question during the Discovery Communications Television Critics Association winter media tour in Pasadena, Calif. “The Oprah Winfrey Show” is ending its run May 25, 2011, after 25 years, and millions of her fans around the globe are waiting to see how she will close out a show that spawned a media empire. (AP Photo/Chris Pizzello, File)

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.

Related posts

Reasons woodworkers should buy a CNC machine

Trump wants to end ‘wokeness’ in education. He has vowed to use federal money as leverage

Republican lawmakers will reshape tax policy in 2025 — a tax expert explains what to expect