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#Business : Here’s Who Just Unseated Oprah As the World’s Richest Black Woman



Oprah Winfrey is no longer the world’s richest black woman. That distinction
now belongs to Nigerian oil baroness and fashionista
Folorunsho Alakija.

Alakija is worth at least $3.3 billion — about $300 million
more than American television personality Oprah — Ventures Africa
reports.

The 62-year-old started her career as a secretary at the erstwhile Merchant
Bank of Nigeria, but moved to England in the early 80s to study fashion design.
She then returned to her native country and set up a high-end label called
Supreme Stitches.

Although she amassed some wealth from the label, a significant proportion of
Alakija’s fortune comes from an oil exploration license granted to her company
Famfa Limited in 1993. The 617,000 acre oil block would go on to become the
highly lucrative OML 127, in which Alakija’s family retains a 60 percent
stake.




According to Ventures Africa, her assets include a real-estate
portfolio worth over $100 million and a $46 million private jet.
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