From Secretary to Richest Black Woman in the World-Move over, Oprah! Black Female Nigerian Billionaire, Folorunsho Alakija, unseats TV Queen as the Richest Black Woman in the World with a $7.3 Billion Oil Fortune. Mother-of-4, Folorunsho Alakija, 62, started her career as a secretary in a bank then studied fashion and launched a label, but her big break was Oil. In 1993, her company, Famfa Oil, was awarded an oil prospecting license, which later became OML 127, one of Nigerias most prolific oil blocks. The company owns a 60 per cent stake in the block, valued at around $7.3 billion, Ventures Africa reports. According to Forbes, Oprah Winfrey is worth $2.9 billion. Starting her career as a secretary in a bank in the mid 1970s, Alakija, 62, then studied fashion in London and returned to Nigeria to start a label, Supreme Stitches. But her biggest break came in oil. In 1993, her company, Famfa Oil, was awarded an oil prospecting license, which later became OML 127, one of the countrys most prolific oil blocks, by then-president Ibrahim Babangida. The company owned a 60 per cent stake in the block until 2000 when the Nigerian government unconstitutionally acquired a 50 per cent interest without duly compensating Alakija or Famda Oil. In May 2012, Alakija, a married mother-of-four, challenged the acquisition and the Nigerian Supreme Court reinstated the 50 per cent stake to her company. She also has a charity called the Rose of Sharon foundation that helps widows and orphans by empowering them through scholarships and business grants. Both Women are Still Rich and Super-Wealthy. The point of this Post is to Let People no, that regardless of Ur Circumstances, if U stay firmly focused in Ur Dreams, U can Rise to the Top, and Achieve all Ur Dreams. Be Black, Be Proud, and Keep Ur Eyes on the Prize! This is Adrian X, and this is “Just My 2 Cents”
Posted on: Sun, 26 Jan 2014 13:32:30 +0000
Trending Topics
© 2015