Here’s What You Can Learn From the Richest Black Woman in the World

Posted on Posted in Career

As one of the richest black women in the world, Folorunsho Alakija is reportedly worth 1.5 billion, according to Forbes. But beyond topping the Forbes list, most would be surprised to know she’s a wife and mother of four who started out as an executive secretary who rose to the top without a college degree. In fact in 2014, she unseated media mogul Oprah Winfrey, as the richest black woman in the world.

Her primary sources of wealth are rooted in oil and fashion. Currently, Alakija is the Vice Chair of Famfa Oil, a Nigerian oil exploration company that has a 60% participating interest in block OML 127, one of Nigeria’s most lucrative oil fields with partners include Chevron and Petrobras, according to Forbes. Alakija launched her first business, Supreme Stitches, a fashion label that catered to upscale clientele—landing the former first lady of Nigeria, Maryam Babangida as a client.

So right now, you might be asking, at least one of the following questions: ‘What are the keys to her success?  What does it take to juggle the competing demands of an empire and family? And, how does a woman compete in an industry, like oil, that may be a boy’s club? Recently Africa Leads, a monthly Twitter chat focused on leading transformative conversations about Africa, caught up with Alakija to delve into the mindset of a global power woman. Check out the storify recap below:


[<a href=”//storify.com/KandiaJohnson/10-lessons” target=”_blank”>View the story “Life Lessons Everyone Can Learn From Nigeria’s First Female Billionaire” on Storify</a>]

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