Elegbede Abiodun
Nigerian billionaire entrepreneur Folorunso Alakija has been ranked the second richest woman in Africa, according to the latest ranking by Forbes, reaffirming her status as one of the continent’s most influential business figures.
Alakija, whose net worth is estimated at over $1 billion, has consistently remained the richest woman in Nigeria for several years.
Her wealth is largely derived from her extensive interests in the oil and gas sector, alongside ventures in fashion printing and real estate.
She is the founder and managing director of Rose of Sharon Group, a conglomerate with diversified investments across key industries.
On top of the list is Angolan business magnate Isabel dos Santos, who holds an estimated fortune of $2.2 billion.
She is followed by Alakija in second place, while Nigerian entrepreneur Bola Shagaya ranks third with an estimated net worth of $630 million.
The ranking highlights the growing economic influence of women across Africa, particularly in sectors such as energy, finance, and manufacturing.
Notably, South Africa had the highest representation on the list, with six women making the cut, underscoring the country’s strong presence in the continent’s business landscape.
The Forbes list focuses on women with a minimum net worth of $10 million, spotlighting individuals who have not only amassed significant wealth but have also made substantial contributions to economic growth and development within their respective countries.
Born on July 15, 1951, in Ikorodu, Lagos State, Alakija has built a formidable reputation through decades of strategic investment and entrepreneurship.
Since her early beginnings in fashion to becoming a major player in Nigeria’s oil and gas industry, her journey reflects resilience, innovation, and a sharp business acumen.
Beyond business, Alakija is also widely recognized for her philanthropic efforts, supporting initiatives in education, healthcare, and community development.
Her continued presence among Africa’s wealthiest women highlights both her enduring influence and the expanding role of female entrepreneurs in shaping the continent’s economic future.
