Making It Rain On Them Hoes: $600 Million Nigerian Woman Folorunsho Alakija Kicks Oprah Out Of Her “Richest Black Woman” Seat!

- By Bossip Staff Categories: Elsewhere In The World, For Your Information, Making it Rain on Them Hoes, Mo Money, Must Be Nice View Comments

Folorunso-Alakija

Who????

Folorunsho Alakija Is The New “Richest Black Woman In The World” Over Oprah Winfrey

Via Forbes

Nigeria’s richest woman draws the bulk of her fortune from oil. Folorunsho Alakija started her career in the mid 1970s as a secretary at the now-defunct International Merchant Bank of Nigeria, one of the West African nation’s earliest investment banks. In the 1980s, after studying fashion design in England, she founded Supreme Stitches, a Nigerian fashion label that catered to upscale clientele. Her biggest break came in oil. In 1993 Nigerian President Ibrahim Babangida awarded her company, Famfa Oil, an oil prospecting license which went on to become OML 127, one of Nigeria’s most prolific oil blocks. Famfa Oil owned a 60% stake in the block until 2000 when the Nigerian government, led by former President Olusegun Obasanjo, unconstitutionally acquired a 50% interest in the block without duly compensating Alakija or her company. Famfa Oil went to court to challenge the acquisition, and in May this year, the Nigerian Supreme Court reinstated the 50% stake to Famfa Oil. Chevron owns the remaining 40%. Through her charity, the Rose of Sharon Foundation, Alakija supports widows throughout Nigeria.

DAMN! This woman was a secretary and now she’s on her way to being worth a BILLI! You go girl!

Via Tariere

We Recommend

More on Bossip

Queen To A King: 23 Touches Of Radiant Carmen Ejogo

Happy Day: Let’s Celebrate Draya’s Birthday With Her Biggest Thirst Traps

No Sorcery Necessary: A Gallery Of Perfect Amber Rose Pics That Aren’t Photoshopped

Red Squiggly Problems: The Worst Instagram Spelling Crimes Ever

Comments

blog comments powered by Disqus