Oprah Winfrey has lost her long-held title as the richest black woman in the world to a Nigerian oil tycoon, according to a report by an African business magazine.

Edging out Oprah is Folorunsho Alakija, a 61-year-old woman from Nigeria who is reportedly worth at least $3.2 billion, or roughly $500 million more than Oprah's $2.7 billion net worth, Ventures Africa reported.

Alakija is the founder and owner of Famfa Oil, which owns a 60 per cent interest in OML 127, an offshore oil field that produces roughly 200,000 barrels of oil per day and is worth an estimated $6.44 billion.

Also a fashion designer and philanthropist, Alakija is married and has four grown sons, as well as one grandchild. She owns at least $100 million in real estate and $46 million private jet, Ventures Africa reported.

Born into a wealthy Nigerian family, Alakija started out as a secretary in the mid 1970s at the now defunct International Merchant Bank of Nigeria.

Source - http://liveofofo.com/entertainment/celebrity/folashade-alakija-now-worlds-richest-black-woman-beating-oprah-winfrey/

How come we never heard of her before now.

It's really a good news for her(not really a good news for the masses, lol), congratulations.

^^I know. She just seems to have appeared out of nowhere. This oil business can make somebody stinking rich in the blink of an eye.

Eating that money on the low.

is she not a front for one of them corrupt thieving leaders?

I always knew that MARRIED hookers were more gutsy than SINGLE hookers!

Born into a wealthy Nigerian family, Alakija started out as a secretary in the mid 1970s at the now defunct International Merchant Bank of Nigeria.

Only in Yoruba land will we have 'hairdressers' and 'secretaries' rise to billionaire status!

Even wiki does not have anything on this 'billionaire rockette'!
How did she do it?

Lasinoh: I always knew that MARRIED hookers were more gutsy than SINGLE hookers!



Only in Yoruba land will we have 'hairdressers' and 'secretaries' rise to billionaire status!

Even wiki does not have anything on this 'billionaire rockette'!
How did she do it?

Don't forget Stella Oduah!!!

0lumide:

Don't forget Stella Oduah!!!

What about her?
Did GEJ make her a 'billionairess' too?
At least she was neither an hair-dresser like 'Madam Etteh' nor a secretary like 'yours truly'!
The Yoruba women seem to be the 'alatas' of the pile.
Which kain 'babalawos' dem dey use?
From secretary to billionaire? No 'school cert'?

Lasinoh:

What about her?
Did GEJ make her a 'billionairess' too?

Did GEJ make Mrs Alakija rich? lmao!!! You are so clueless

Mrs Alakija and Stella Oduah are both oil "moguls" or is Stellah Oduah innocent now? hahahahahaha

0lumide:

Did GEJ make Mrs Alakija rich? lmao!!! You are so clueless

Mrs Alakija and Stella Oduah are both oil "moguls" or is Stellah Oduah innocent now? hahahahahaha

You seem to know more than I do.
Please, what is her background?
How did she do it?
All we know is that she was born into 'money' and at 61, we are just knowing this?
Only Jonathan can 'catapault' women to such celestial heights!

How come 'Stella' is not a billionaire?
Is this oil 'mogulship' conferred in the bedrooms or on top of RIVER CONGOS?

Me sef wanno be a 'mongol' o! How do I qualify?

Lasinoh:

You seem to know more than I do.
Please, what is her background?
How did she do it?
All we know is that she was born into 'money' and at 61, we are just knowing this?
Only Jonathan can 'catapault' women to such celestial heights!

How come 'Stella' is not a billionaire?
Is this oil 'mogulship' conferred in the bedrooms or on top of RIVER CONGOS?

Me sef wanno be a 'mongol' o! How do I qualify?

She was born into old, quiet, but overwhelming money. She is a daughter of the late Alhaji Lamidi Ogbara, a multi-billionaire from Ikorodu. Ibukun Awosika is one of her sisters. The family is quite wealthy, with property interests once rumoured to encompass more than half of Lagos Island!! Her father was also an avid player in the stock market and was a substantial shareholder in quite a large number of companies, including the former Eko International Bank. She'd already had a stellar career herself as a fashion designer with her Supreme Stitches label, before persuading IBB through the late Maryam Babangida to award her company an oil block.

That her siblings like Ibukun Awosika and people like Razak and Hakeem Ogbara were already billionaires in their own right before their father's demise a few years ago is testament to the work ethic and business acumen of the entire Ogbara family.

Don't hate, guys. Emulate. Work hard! Work smart.

djustice:

She was born into old, quiet, but overwhelming money. She is a daughter of the late Alhaji Lamidi Ogbara, a multi-billionaire from Ikorodu. Ibukun Awosika is one of her sisters. The family is quite wealthy, with property interests once rumoured to encompass more than half of Lagos Island!! Her father was also an avid player in the stock market and was a substantial shareholder in quite a large number of companies, including the former Eko International Bank. She'd already had a stellar career herself as a fashion designer with her Supreme Stitches label, before persuading IBB through the late Maryam Babangida to award her company an oil block.

That her siblings like Ibukun Awosika and people like Razak and Hakeem Ogbara were already billionaires in their own right before their father's demise a few years ago is testament to the work ethic and business acumen of the entire Ogbara family.

Don't hate, guys. Emulate. Work hard! Work smart.

Thanks you ooo!!!

Lasinoh:

You seem to know more than I do.
Please, what is her background?
How did she do it?
All we know is that she was born into 'money' and at 61, we are just knowing this?
Only Jonathan can 'catapault' women to such celestial heights!

How come 'Stella' is not a billionaire?
Is this oil 'mogulship' conferred in the bedrooms or on top of RIVER CONGOS?

Me sef wanno be a 'mongol' o! How do I qualify?

Now tell us about Stella Oduah!!!!!!!! Note any lie you tell will be brought out! I have her nephew in my apartment right now!!! Now lie let me catch you!

djustice:

[b]She was born into [size=20pt]old, quiet, but overwhelming money.[/size] She is a daughter of the late Alhaji Lamidi Ogbara, a multi-billionaire from Ikorodu. Ibukun Awosika is one of her sisters. The family is quite wealthy, with property interests once rumoured to encompass more than half of Lagos Island!! Her father was also an avid player in the stock market and was a substantial shareholder in quite a large number of companies, including the former Eko International Bank. She'd already had a stellar career herself as a fashion designer with her Supreme Stitches label, before persuading IBB through the late Maryam Babangida to award her company an oil block.

That her siblings like Ibukun Awosika and people like Razak and Hakeem Ogbara were already billionaires in their own right before their father's demise a few years ago is testament to the work ethic and business acumen of the entire Ogbara family.

Don't hate, guys. Emulate. Work hard! Work smart.[/b]

What?
Do you think you are addressing a 'free education' recipient/drunk illiterate from Ikorodu?
I asked you for her qualifications and you go on to tell me of her father's this and her siblings that!
HOW DID SHE BECOME A BILLIIONAIRE? By jumping from secretary to 'fashion' designer. . . to being a 'lobbyist' for an OIL BLOCK FROM MARYAM IBB?
By inheritance and lobbying? YOU NOR DEY SHAME TO TELL THE WORLD THIS KAIN RUBBISH?

WHAT KIND OF BILLIONIARE IS THAT?
Who are you supposed to impress with all these 'my father handed me down' old money jazz with? ONLY AN IKORODU INDIGENE FOR SURE. When Dangote dies. . . we can call all his children billionaires too abi?
You are funny o! Satan save Nigeria from hopelessness!God has since failed Nigerians with faulty reasoning!
LWKMD!!!!!!

0lumide:
Thanks you ooo!!!
Now tell us about Stella Oduah!!!!!!!! Note any lie you tell will be brought out! I have her nephew in my apartment right now!!! Now lie let me catch you!

. . . AND WHO IS THIS?
You think this is your 'usual' YORUBA VS IGBO NL rubbish here? Who has time for that CYBER GYM FOR RABID, ETHNIC-JINGOISM/BUFFOONERY?

I never heard of Stella Oduah in my life or dreams. . .till trust our 'president'. . . I COULD CARE LESS!!!!
All I ask is why is she not a billionaire too if 'AlakiOkija' is one. . . with "oil mongolism".
We now know she inherited her the 'so-called' wealth. . . .SHE NEVER USED HER BRAINS LIKE OPRAH DID.
Which one is lie again?
At least Stella Oduah is educated. . . (pending verification of all those HARVARD DEGREES)!
Where did AlakiOkija go to school?

Abeg! You semi-illiterates should stop disgracing Nigeria! ENOUGH IS ENOUGH!
Many apologies to Oprah!

WHO ARE THESE NAUSEATING YORUBA 'FOLLOW-FOLLOW',INTELLECTUAL-ALMAJIRI/HERO-WORSHIPPERS ON THIS NAIRALAND?

djustice:

She was born into old, quiet, but overwhelming money. She is a daughter of the late Alhaji Lamidi Ogbara, a multi-billionaire from Ikorodu. Ibukun Awosika is one of her sisters. The family is quite wealthy, with property interests once rumoured to encompass more than half of Lagos Island!! Her father was also an avid player in the stock market and was a substantial shareholder in quite a large number of companies, including the former Eko International Bank. She'd already had a stellar career herself as a fashion designer with her Supreme Stitches label, before persuading IBB through the late Maryam Babangida to award her company an oil block.

That her siblings like Ibukun Awosika and people like Razak and Hakeem Ogbara were already billionaires in their own right before their father's demise a few years ago is testament to the work ethic and business acumen of the entire Ogbara family.

Don't hate, guys. Emulate. Work hard! Work smart.

you may be right, but in her interview she said she's from the Olowu family of Ikorodu.

are they the same as the Ogbaras.

soundtruth: is she not a front for one of them corrupt thieving leaders?

No she is not.

Alakija acquired an OPL 216 way back in 1993 which is just now yielding her big money after years of oil prospecting. In 1998 this oil block was found to have huge oil and gas reserve so FG tried to take it from her. She went to court and won.

http://www.thisdaylive.com/articles/supreme-court-voids-fg-s-acquisition-of-oml-127/115697/

We now know how 'some' Nigerians become MILLIONAIRES AND BILLIONAIRES! The same IBB wey dem go dey cuss all over NL!

Mtcheeeeeeeeeeeeeeeeeeeeeeeeeew!

I pity the 'BLACK' race!

Tufiakwa!

The money kpa kpa. . . you nor go see for dem body! Still as 'local' as touts! With all the money. . . 61 years old. . .NO SCHOOL CERT!

Anyway. . . who we blame? Na Ibori brothers for South-South I blame.

Shioooooooooooooooor!!!!

Next topic please. . . .

The socio economic status of Nigeria is at it blink of no where..yet we have the worlds richest billionnaires dats sarcasm....talk of dangote africas richest now the claimed woman...these prsons ar frm dsame country unemployment is rising to 75% wen u remov subsidy na war u dy cause so..notin jst sims to work here...wake up people this peopl made it @ d expense of da masses...However Emulation of Good deeds is far better than Envy..

tpia1:

you may be right, but in her interview she said she's from the Olowu family of Ikorodu.

are they the same as the Ogbaras.

Nigerian journalists are monumentally stupid. I know this woman, and the entire Ogbara family quite well. Her father was a legendary Scrooge-like character, never eager to part with money. However, where it concerned his children, he spared no expense on their training, sending most of them abroad for the best available education, including Folorunsho. Her father was also legendary in his ways with women. I think he ended up with 68 children or so!