Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


MyNews24 is a user-generated section of News24 Nigeria. The stories here come from users.

Latest Badges:

View all Matthias Olaolorunpo's badges.

Oprah no longer the richest!

13 January 2015, 19:20 Balogun Matthias

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.

- MyNews24

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...