Oprah Winfrey Is No Longer Richest Black Woman

Categories // Entertainment Tuesday, 08 January 2013

A Nigerian fashion designer and oil tycoon, Folorunsho Alakija, has dethroned talk show queen Oprah Winfrey to become the richest black woman in the world.

With an estimated worth of $3.3 billion, according to a report published by Ventures Africa, Alakija now joins the ranks of Oprah (worth $2.7 billion) who was the only African American woman in the billionaires club.

Ventures Africa, a business magazine and news service reported that 61-year-old Alakija is the founder and owner of Famfa oil, a Nigerian oil company which owns a 60% working interest in OML 127, an offshore oil field which produces 200,000 barrels of oil per day. Alakija, who was born into a wealthy family, studied fashion design in England and returned to Nigeria where she sold her Supreme Stitches clothing line to wealthy clientele. The married mother of four sons is said to spend her time and wealth taking care of widows and orphans.

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