Oprah had a nice run as the world`s richest black woman, but as they say all good things must come to an end.
Oprah, move over because Folorunsho Alakija is now the richest black woman in the world.Ventures Africa say she bested Oprah by $500million. Alakija is estimated to worth $3.3billion and at last count, Oprah`s in the neighbourhood of about $2.7billion, according to Forbes Magazines.
The now billionaire Nigerian oil baroness and fashion entrepreneur started her career as a secretary at a bank in Nigeria.She moved to England in 80`s and studied fashion and eventually ended up starting her line called "supreme stitches". The 62 year old did well with her fashion brand but the bulk of her fortune comes from the oil business. Her company Famfa Ltd got an oil exploration license and they attained a 617,000 acre oil block which was highly lucrative. Ventures Africa stated that her assets include a $46million jet and a portfolio over $100million.
"We have no idea on how much debt (if any, the company Famfa Oil) has, but even if we take the high side, and subtract 50percent of the value of her stake for debt, that still gives 60 percent stake in OML 127 a market value of $3.2 billion,which makes her (Alakija) richest than the $2.7 billion Oprah Winfrey is worth, according to Forbes Magazine`s last rankings" reported Ventures Africa.
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