Top 9 Richest Women in Nigeria: Folorunsho Alakija Dominates

Paul | January 21, 2024 | Nigeria | No Comments

Rank	Name	Networth
1	Folorunsho Alakija	$1 Billion.
2.	Bola Shagaya	$950 Million.
3.	Stella Okoli	$900 Million.
4.	Fifi Ejindu	$850 Million.
5.	Daisy Danjuma	$800 Million.
6,	Bimbo Alase	$750 Million.
7.	Mo’ Abudu	$650 Million.
8.	Stella Oduah	$600 Million.
9.	Ngozi Okonjo-Iweala	$500 Million.

1. Folorunsho Alakija

Folorunsho Alakija, a 72-year-old businesswoman and philanthropist, holds the position of group managing director at The Rose of Sharon Group and serves as the executive vice chairman of Famfa Oil Limited. With her considerable wealth, she is recognized as the second richest woman in Africa by Forbes, surpassing the notable Nigerian economist, Tony Elumelu. Alakija, not limited to her success in the oil industry, ventured into the fashion sector, establishing Supreme Stitches, later renamed The Rose of Sharon House of Fashion in 1996. She was the president and lifelong trustee of the Fashion Designers Association of Nigeria (FADAN).

In recognition of her achievements, Alakija was awarded an honorary doctorate degree in business administration by Benson Idahosa University in Benin City on July 17, 2021. Beyond her professional pursuits, she founded the Rose of Sharon Foundation, dedicated to providing scholarships and business grants to widows and orphans. Additionally, Alakija contributed a skills acquisition center to Yaba College of Technology in Lagos.

With an estimated net worth of $1 billion, Alakija owns the most expensive mansion in Nigeria, valued at $700 million, situated in the Ikoyi area of Lagos.

2. Bola Shagaya

Hajia Bola Muinat Shagaya, a 64-year-old Nigerian businesswoman, is the second wealthiest woman in Nigeria. Her diverse sources of income include real estate, oil and gas, banking, and photography. Prior to establishing her own business, she served as an auditor for the Central Bank of Nigeria.

Shagaya holds the position of managing director at Practoil Limited, a prominent importer and distributor of base oil in Nigeria, catering to local lubricant blending plants. Additionally, she has been a board member of Unity Bank plc (formerly Intercity Bank) for over eight years. Her estimated net worth is $950 million.

3. Stella Okoli

The Ibadan-born architect, businesswoman and philanthropist, Fifi Ekanem Ejindu, is the great-granddaughter of King James Ekpo Bassey of Cobham Town in Calabar.

Being a leading female architect in the country, she is the founder of the Starcrest Group of Companies, which operates in three divisions: real estate, building and designing, and investment opportunities.

Fifi’s net worth is amount to be about $850 million.

She received the African Achievers African Arts and Fashion Lifetime Achievement Award in 2013.

She’s widely known for her radical ideas and contributions in the world of Architecture as hers is neo traditional.

4. Fifi Ejindu

Fifi Ekanem Ejindu, an accomplished architect, businesswoman, and philanthropist, hails from Ibadan and is the great-granddaughter of King James Ekpo Bassey of Cobham Town in Calabar.

As a prominent female architect in Nigeria, Fifi is the founder of the Starcrest Group of Companies, specializing in real estate, building and design, and investment opportunities.

With an estimated net worth of $850 million, Fifi Ekanem Ejindu was honored with the African Achievers African Arts and Fashion Lifetime Achievement Award in 2013. Renowned for her innovative ideas and contributions to the field of architecture, her work reflects a neo-traditional approach.

5. Daisy Danjuma

Daisy Ehanire Danjuma is a Nigerian politician who served as the senator for the Edo South Senatorial District of Edo State in the Nigerian Senate from 2003 to 2007. Married to Theophilus Yakubu Danjuma, a former Nigerian military general and defense minister, she has one child with him.

In 2019, Daisy Ehanire Danjuma was appointed the chairperson of May & Baker Nigeria PLC, a prominent pharmaceutical manufacturing company. While information about her luxury cars remains undisclosed on social media, her estimated net worth is $900 million.

6. Bimbo Alase

Bimbo Alase-Arawole, a prominent figure in the realm of female entrepreneurs in Nigeria, is the visionary force behind Leatherworld, a renowned luxury furniture company. Her estimated net worth stands at an impressive $750 million.

Leatherworld distinguishes itself by sourcing materials from both local and international markets, focusing solely on the highest quality. The company’s commitment to excellence is evident in its predominantly Nigerian workforce, aligning with the established standards in the industry.

7. Mo’ Abudu

Mosunmola Abudu, widely known as Mo Abudu, is a prominent Nigerian media mogul, philanthropist, and former human resources management consultant. Forbes recognizes her as “Africa’s Most Successful Woman,” and she has earned a position among the “25 Most Powerful Women in Global Television” by The Hollywood Reporter.

Mo Abudu’s journey to success began at the age of 19 when she was appointed the brand ambassador for AVON Cosmetics in the African market. At 59, she is the founder of Vic Lawrence & Associates Limited. Her notable contributions include creating, producing, and hosting “Moments with Mo.” Subsequently, she established Ebony Life Television, a television station, and continues to be actively involved in content production.

With an estimated net worth of $650 million, Mo Abudu owns a luxurious fleet of vehicles, including a Mercedes-Benz G-Wagon, an Escalade ESV SUV, a Lexus LX570, and a Mercedes-Benz S-Class.

8. Stella Oduah

Stella Oduah’s path to wealth is closely linked to her involvement in both the aviation sector and Nigerian politics. In 2015, she secured a position in the Nigerian Senate, representing the Anambra North Senatorial District, where she was among the seven women elected to the 8th Senate.

Despite her political achievements, Oduah has faced controversies, particularly regarding allegations of misappropriating government funds. Notably, she became embroiled in the 255 million Naira bulletproof car purchase scandal, specifically involving BMW vehicles. This scandal is the most prominent public association of her name with financial mismanagement. Stella Oduah is estimated to be worth $600 million.

9. Ngozi Okonjo-Iweala

Ngozi Okonjo-Iweala is a Nigerian-American economist currently holding the position of Director-General at the World Trade Organization since March 2021. She made history as the first woman and first African to lead the organization in this capacity.

The 69-year-old politician is married to Ikemba Iweala, a neurosurgeon from Umuahia, Abia State, Nigeria, and they share four children, one of whom is the author Uzodinma Iweala.

Ngozi Okonjo-Iweala’s net worth is estimated to be $550 million.

Folorunsho Alakija – One of the Richest Women in the World, 2nd Richest in Africa and the Richest in Nigeria

Folorunso Alakija is a Nigerian businesswoman, philanthropist, and one of the wealthiest women in Africa. Here are some key details about her:

Early Life:

Folorunso Alakija was born on July 15, 1951, in Ikorodu, Lagos State, Nigeria.

Education:

She studied at Dinorben School for Girls in Hafodunos Hall, Llangernyw, Wales.
Alakija later attended the American College, London, and Central School of Fashion, London.

Career:

Alakija started her career in the 1970s as an executive secretary at Sijuade Enterprises, Lagos, Nigeria.
She later moved on to work at the First National Bank of Chicago, now known as FinBank.

Fashion and Oil Business:

Folorunso Alakija is involved in the fashion industry and is the founder of Supreme Stitches, a Nigerian fashion label that catered to upscale clientele.
She entered the oil industry in the 1990s. Famfa Oil Limited, her exploration company, was granted an oil prospecting license, which later became one of the most lucrative oil fields in Nigeria.

Wealth:

Folorunso Alakija is consistently ranked as one of the richest women in Africa and is known for her substantial wealth.
In 2014, she briefly overtook Oprah Winfrey as the world’s richest woman of African descent.

Philanthropy:

Alakija is actively involved in philanthropy. She has supported various causes, including education and healthcare initiatives in Nigeria.
The Rose of Sharon Foundation, founded by Alakija, focuses on helping widows and orphans through scholarships and business grants.

Recognition:

She has received numerous awards and honors for her achievements in business and philanthropy.
In 2015, Forbes listed her as the second most powerful woman in Africa and remained 2nd over the years.

According to Forbes, an American business magazine owned by Integrated Whale Media Investments and the Forbes family, Alakija is worth over $1 billion and has held the title of the richest woman in Nigeria for years.

Family:

Folorunso Alakija is married to Modupe Alakija, and they have four sons together.

Folorunsho Alakija Expensive House in Ikoyi Lagos State

Folorunsho Alakija, the wealthiest woman in Africa, owns the most expensive mansion in Nigeria.
The mansion is valued at a staggering $700 million.

Location:

Situated in the Ikoyi area of Lagos, Nigeria.

Architectural Features:

The mansion is a massive 20-story building covering over 100,000 square feet.
It features 12 bedrooms, 25 bathrooms, a grand ballroom, a cinema, a fully equipped gym, a luxurious swimming pool, and a helipad.
The design incorporates a blend of traditional African architecture with a modern touch.
The exterior is made of white marble, while the interior is adorned with gold and marble.

Security Measures:

The mansion boasts a top-of-the-line security system.
Bulletproof windows and doors are installed for maximum safety.

Architectural Firm:

The mansion was designed and built by the well-known German construction company, Julius Berger.

The mansion owned by Folorunsho Alakija stands out for its opulence, luxurious amenities, and advanced security features. It represents a blend of traditional and modern architectural elements, making it a notable landmark in Lagos, Nigeria.

Folorunso Alakija’s success spans both the fashion and oil industries, and her philanthropic efforts have made a significant impact in Nigeria. Her achievements have positioned her as a prominent figure in business and entrepreneurship in Africa.

https://africancontents.com/aliko-dangote-africa-richest-man-his-networth-business-and-family