Meet the NIGERIAN woman who has displaced Oprah as world’s richest black woman

Oprah Winfrey is no longer the richest black woman in the world according to a report by Ventures Africa, an African business magazine and news service.

According to the report which is available on Ventures Africa’s website, the richest black woman in the world is Folorunsho Alakija, a 61 year-old Nigerian fashion designer and oil tycoon who is worth at least $3.3 billion, $500 million richer than media mogul Oprah Winfrey whose wealth Forbes magazine estimated at $2.7 billion in September.

Folorunsho Alakija is the founder and owner of Famfa oil, a Nigerian oil company which owns a 60% working interest in OML 127, an offshore oil field which produces 200,000 barrels of oil per day.

Explaining the rationale for the $3.3 billion valuation on Alakija, Douglas Imaralu, Online Editor of Ventures Africa commented, “Total E&P recently sold off its 20% stake in a similar oil field to China’s Sinopec for $2.5 billion. The oil field in question has a daily production capacity of 180,000 barrels a day. Similarly, other hand, OML 127 in which Famfa has a 60% interest produces about 200,000 barrels a day. When we did the math using the Total-Sinopec deal as a comparator, we came to the realization that Alakija’s stake is easily worth billions of dollars. We showed our calculations on At this point, we have no doubt that she is in deed, richer than Oprah.”

The complete calculation of Folorunsho Alakija’s net worth is available on

“Among other things, Ventures Africa plans to be the global leader in providing qualified prospects and intelligence on ultra high net worth (UHNW) individuals in Africa,” Douglas Imaralu says. “Through our weekly feature, Africa’s Secret Millionaires, we traverse across the continent seeking out immensely successful, yet low-key tycoons and business leaders who have been largely under-reported, and then tell their stories. We will look through financial reports, track equity holdings around stock markets, identify specific shareholding structures in privately-held companies and consult with everyone from fund managers to investment bankers, realtors and financial analysts to find information that was has not been made public, and then we will place accurate values on the assets of these ultra-high net worth Africans.”


Comments (23)

  1. One day i ll become the world richest black man. I don't know about u

  2. Absolute rubbish. Unreadable. Compiled by a standard idiot!

  3. If you were enlightened enough, u wld have known that her buz which is oil & gas upstream has nothing to do with oil subsidy. Pls get ur facts right b4 displaying ur ignorant to the whole world. I celebrate u jare folorunsho…

    1. We need her impact here in Nigeria,if she knows she is truly 4rm nigeria.

  4. Yeah,we her. Happy she is a Nigerian,but let her dooo more 2 improve the welfare/standar of living in Africa/world.

  5. Congratulations to Mrs Folorunso Alakija for being the richest black woman. But How has this wealth impacted on the life of nigerians?

  6. Wow…good to know Nigerians are not left out in stuff like this. But again, her help is need here in her homeland.

  7. We have all seen what Oprah is doing with her wealth, we are watchful about our sister.

  8. Congret. Nigeria women hv step up I love dat

  9. Nigerians do not think in terms of Nigeria. They're in this world to make life good for themselves but if Nigeria benefits, fine. If Nigeria needs to be robbed and destroyed to achieve it, fine also. We have NO sense of nationhood.


  10. Wow dats 9ce, but does investments would have made a lot of sense if it was made in nigeria

  11. Abg come help displaced flood victims in ur fathers lanD.

    1. I downloaded d song sha. Not bad. Its danceable just like his other songs. EME is trying.

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