Arts TV business - Who are the 5 African female billionaires? The first on the list of the top 5 richest women in Africa is Folorunso Alakija, a Nigerian businesswoman who made her wealth from oil and gas, fashion printing industries, and real estate.
The Lagos-born Nigerian billionaire started as a banker before moving into the fashion industry in the 1970s. Alakija launched her fashion company, Supreme Stitches (now Rose 0f Sharon House of Fashion). She is also the Executive Vice Chairman of FAMFA OIL, a family-owned business.
Forbes Magazine listed her as one of the most influential women in 2016; world billionaires in 2019; and Africa’s billionaires in 2020. As of this moment, Alakija is the richest woman in Nigeria and the richest woman in Africa with an estimated net worth of $1 billion.
Ngina Kenyatta, Kenya’s former first lady popularly known as “Mama Ngina”, is the richest woman in Kenya and the 2nd richest woman in Africa.
Kenyatta was the wife of the first president of Kenya, Jomo Kenyatta who ruled from 1964 to his death in 1978. She is also the mother of Uhuru Kenyatta, the current president of Kenya serving since 2013.
Hajia Bola Shagaya is a successful Nigerian businesswoman and one of the wealthiest women in Nigeria and Africa. Her estimated net worth is $950 million, which puts her in third place. Shagaya is a commercialist, and she has made her fortune by venturing into several businesses.
Unlike most women on this list, she was born into an average-income family but chose not to settle for less. To this end, she ditched her career path as an auditor at the Central Bank of Nigeria (CBN) to establish her world in entrepreneurship.
Shagaya started as the CEO of Bolmus International Limited, a company she established and grew to be the most successful photography importation and distribution in Nigeria and West Africa. Thereafter, she moved on to explore oil and gas, real estate, and several other businesses.
Former Edo State Senator, Daisy Danjuma takes fourth place among the Forbes top 10 richest women in Africa with an estimated net worth of $900 million. She is an attorney and the spouse of the defense minister General Theophilus Yakubu Danjuma.
Daisy began his career as an Executive Assistant for Nigerian Acceptances Limited (NAL) from 1977 to 1978. She was the Company Secretary/Legal Adviser for the Nigerian Television Authority (NTA) from 1982 until 1992.
Fifi Ejindu is an architect, entrepreneur, philanthropist, and one of the richest women in Africa in 2023. According to Forbes, she has an estimated net worth of $850 Million. She is the founder and CEO of Starcrest Group of Companies, one of the biggest architectural firms in Nigeria.
Starcrest Group of Companies is divided into three subdivisions, engaged in real estate, building, designing, and investment opportunities The subsidiaries involved are real property managing, construction, and design oil and gas project management as well as youth empowerment and investment opportunities.
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