Could it be that the Queen has been dethroned as the richest black woman in the world? According to The Huffington Post, talk-show Queen Oprah Winfrey no longer holds the title as the world’s richest Black woman… there’s a new sheriff in town. The new leading lady is oil baroness Nigerian born, Folorunsho Alakija.
Although drilling oil has reportedly been the 61-year-old’s big money maker — Alakija started her ascent to financial supremacy in fashion.
Alakija was born into a wealthy family, but went on to study fashion design in England in the ’80s and soon after founded the Nigerian clothing label Supreme Stitches. Her one-of-a-kind creations quickly made her the premier fashion designer in the West African country, with her outfitting the who’s who of African Society. She has been called one of the “pioneers of Nigerian fashion” and stays connected to the industry through the Fashion Designers Association of Nigeria (FDAN).
The billionaire businesswoman and philanthropist made the switch to oil in 1993 as the owner of FAMFA Oil Limited and is said to now have an estimated net worth of at least $3.2 billion. With those numbers Alakija is said to have out-earned Ms. Winfrey by approximately $500 million.
Ventures Africa reports that Alakija owns at least $100 million in real estate and a $46 million private jet. However, Oprah still holds the title as the world’s richest self-made woman. 🙂
Meet Sha “Deuces” Holland…owner/creator of awesome accessories and make-up artistry line Darnell’s Closet. Darnell’s Closet is so much more than just her business, it is a personal passion with a cause. Please support this M-powered young lady in her mission to give back through her creativity! A portion of all proceeds of Darnell’s Closet goes directly to Relay for Life…
Sha “Deuces” Holland (Annapolis, MD)
“Darnell’s Closet is named after my late sister Darnell. She was an amazing & phenomenal wife, mother, grandmother, sister, cousin, friend, & worshiper. Her stylish glam and beautiful smile rang out everywhere she went. In June of 2010 just a few months shy of her 40th birthday after 5 years of battling stage 4 breast cancer she went on to GLORY!! Even tho we miss her we have our own Angel and it gets no better than that. She is the drive & motivation behind Darnell’s Closet. My goal is to give you a fierce face and fabulous accessories while walking on faith appreciating FAVOR!! I hope you will support Darnell’s Closet…”
Shawntay Williams and Stacie Hutton are the owners and designers of Ssss Jewelry. They are two sisters (literally) who work together to create the finest accessories to fit any personal style. They’re also my family! Support these M-powered young women in their success. 🙂 and don’t forget to “like” them on facebook 🙂