Friday, July 30, 2021

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

Folorunsho Alakija - oprahwinfrey

*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.

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.

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

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6 COMMENTS

  1. So sad! Nothing to hoot about! The billions in her bank account is a paramount factor that causes the average Nigerian to live in poverty next door to starvation. Unlike the Arab oil emirates that share their oil wealth with their citizens so everyone can eat and live productive lives, she has hoarded all this wealth while youngsters in the streets of Lagos hustle daily just to buy a loaf of bread to feed their impoverished families. I wouldn’t be so proud of my wealth knowing that I cause so many folks to live a life of misery! Just my opinion, Fanteeking, Cape Coast

  2. Met her many, many, many years ago while I was in Nigeria and she’s indeed a successful, admirable, classy lady. She doesn’t flaunt her wealth. As per usual, there are numerous naysayers and envious women as well as men, but they should take a page out of her book and stop bashing this lady.

    • Ama Zing Lee: Have you walked the streets of Lagos lately? Probably not. Flaunting your wealth and depriving poor folks of basic food and sustenance items are two different things. I’m Nigerian and MAY know more about my country than you. Fanteeking, Cape Coast

      • How are you so sure she’s not charitable? Proof of this? If she makes donations in private you’ll never know about it. Stop bashing people when you know nothing of their daily affairs and struggles. She earned her money and is free to do with it as she pleases.

        • Do either of you speak Yoruba? It’s the entire oil cartel. If you’re a family member of a former president or military leader you have a chance to sleep with Mr. Shell Oil in Enugu and earn a fortune. You don’t know of which you speak. Learn Yoruba and inquire within. Odabo, Fanteeking

  3. David Fantus how can you be so sure that she doesn’t give back to the poor. I can only hope and pray that she helps out in manys ways then once. You need to do some research before you speak negative on her.

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