Oprah Is Or Is Not The Richest Black Woman In The World

Earlier this month, the Internet reported that Oprah was no longer the richest black woman in the world. Meet Nigeria’s Forlounsho Alakija

Alakija’s networth is estimated to be about 300 million dollars more than Winfrey’s and that gap is pretty hefty. Forlounsho’s immense wealth can be attributed to her high-end label, Supreme Stitches, and her oil-exploration license. 

Want to know more? I did! According to Time:

The 62-year-old started her career as a secretary at the erstwhile Merchant Bank of Nigeria, but moved to England in the early 1980s 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 Ltd. 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% stake.

Today, Forbes puts Alakija’s net worth at $2.5 billion, making her one of the richest people in Africa, alongside Angola’s Isabel dos Santos.* (Note: of the top 10 richest people in Africa, 9/10 are male and 7/10 look like they’d fit right in at St. Andrews.) That doesn’t seem to exceed the spending power of Lady O, though, whose fortune Forbes estimates at $3 billion. Hm. I guess Oprah caught up fast? Never underestimate a woman who gives away cars for fun.

Forbes also mentions that Alakija is one of 52 children. And you thought you were scrunched up in the backseat of your parents’ car! 


How to Get Your Very Own Golden Globes Style

For $79.50, you can get a Loft Beach Crossover Maxi Dress that doesn’t look anything like Stella McCartney’s autumn 2015 collection but is purple, goes all the way to the ground, and has a plunging v-shaped neckline.

Good enough.


Michael Keaton/Douglas, Hollywood, and the Empathy Gap

The man I will always think of as Beetlejuice won a Golden Globe last night for his performance in the heady, propulsive comedy Birdman. In his emotional acceptance speech, Michael Keaton revealed that his original name is Michael Douglas. (The other famous Michael Douglas with whom you might be familiar is the firstborn son of actor Kirk Douglas, who became Hollywood royalty but started from very modest circumstances: he was born Issur “Izzy” Danielovitch to Russian-Jewish immigrants in New York.) This Douglas also revealed that he grew up rough:

In the household in which I was raised, the themes were pretty simple: Work hard, don’t quit, be appreciative, be thankful, be grateful, be respectful, also to never whine ever, never complain, and, always, for crying out loud, keep a sense of humor.

My name’s Michael John Douglas, I’m from Forest Grove, Pennsylvania. I’m the son — seventh child — of George and Leona Douglas. And I don’t ever remember a time when my father didn’t work two jobs. When my mother wasn’t saying the rosary or going to mass or trying to take care of seven kids in a rundown farmhouse, she was volunteering at the Ohio Valley Hospital where I was born in the hallway.

It was a rousing speech, and it reminded me that we in America love stories of hardship, as long as they have happy endings.


The Gender Pay Gap Goes All The Way To the Top

Even Jennifer Lawrence and Amy Adams aren’t immune from the 77-cents-on-the-dollar thing.


How Much Did You Spend On Music This Year

Thanks to you, and people like you, the Christmas single is over.


In Defense of Scrooge

aside from being a miserable grouch, Scrooge is rather relatable


The Ways We Make Money As Minors

Meet your Next Gen financial overlords, America. They dine on caviar and apple juice.


Careful What You Put In Your Work Email, Sony Edition

Do not put anything in a work email you wouldn’t write on a postcard and leave in the park.


Forget The New Republic. What About Cat Fancy?

The outcry about The New Republic has all but drowned out the indignant squeals from lovers of Cat Fancy (RIP).


Gwyneth Paltrow’s Gift Ideas

if you do feel like splurging, there are some legitimately adorable or impressive things on the GOOP list, like the Penny Skateboard ($74) and the Light + Ladder Air Plant holders ($150).