Fashion designer turned oil tycoon, Chief (Mrs) Folorunsho Alakija, is
now officially the richest black woman in the world with an estimated
net worth of $7.3 billion.
To sit atop that envious position, Alakija, 62, had to displace media
mogul, Oprah Winfrey, who has an estimated fortune of $2.9 billion,
according to Forbes.
Currently, Africa boasts 55 billionaires and they're worth a
staggering $143.88 billion in total, according to pan-African
magazine, Ventures Africa.
Mother of four, Alakija, started her career as a secretary in a bank
in the mid-1970s, then ventured into Fashion designing before she
finally tried her hands on the booming oil business - where she had
her biggest break.
In 1993, her company, Famfa Oil, was awarded an oil prospecting
license, which later became OML 127, one of Nigeria's most lucrative
oil blocks.
According to Ventures Africa reports, Mrs. Alakija's company owns a 60
per cent stake in the block, valued at around $7.3 billion.
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