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Nigerian oil magnate, Mrs. Folorunsho Alakija, is has become the richest black woman in the world with an estimated fortune of about $7.3 billion. A mother of four, Alakija, 62, unseats Oprah Winfrey as the richest black woman in the world.
According to Forbes, Oprah Winfrey is worth $2.9 billion. Africa boasts 55 billionaires and they’re worth a staggering $143.88 billion in total, according to pan-African magazine Ventures Africa.
Alakija started her career as a secretary in a bank in the mid 1970s before studying fashion in London and later returned to Nigeria to start a fashion label, Supreme Stitches. But her biggest break came in oil.
In 1993, her company, Famfa Oil, was awarded an oil prospecting licence, which later became OML 127, one of Nigeria’s most prolific oil blocks.
The company owns a 60-per-cent stake in the block, valued at around $7.3 billion, Ventures Africa has reported.
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