Mrs Folorunsho Alakija, a Nigerian billionaire oil tycoon, Fashion designer and philanthropist is now the richest black woman in the word, according to report published by Ventures Africa, an African business magazine and news services.
Alakija, 61, is worth at least $3.3 billion- contrary to a recent Forbes Magazine ranking which pegs her net worth at only $600 million. She is $500 million richer than media mogul, Oprah Winfrey, whose wealth 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 percent working interest in OML 127 that produces about 200,000 barrels a day.
Alakija, was born into a wealthy, polygamous Nigerian family. She started out her professional career in the mid 70s as a secretary at the now defunct International Merchant Bank of Nigeria, one of the country