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!