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9 of the World’s 11 Black Billionaires Are African. Here They Are | [3 out of the 11 are Women]

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Folorunsho Alakija

#7:. Folorunsho Alakija, $1.9 billion – Nigerian, Oil

Nigeria’s only female billionaire started out as a secretary in a Nigerian bank in the 1970s, then quit her job to study fashion design in England.

She founded a Nigerian fashion label catering to wealthy clients including first ladies. She founded Famfa Oil, a Nigerian company with a substantial ownership interest in OML 127, an oil block on the Agbami deep water oilfield in Nigeria.

Here’s some wisdom from Alakija in an AfricaTopSuccess story: “money has nothing to do with love. Love comes from inside. Money is something that we acquire over time. Love is all that unites us from the beginning … it is 40 years since my husband and I have known each other.”


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