Richest Woman in Nigeria 2023
Nigeria, one of the largest economies in Africa, is known for its dynamic and diverse business landscape. As of 2023, the title of the richest woman in Nigeria is held by a visionary entrepreneur who has made an indelible mark on the country’s business landscape. Her astute business acumen, perseverance, and innovation have catapulted her to the top of the wealth ladder.
With a formidable net worth that surpasses her peers, the richest woman in Nigeria has amassed her wealth through strategic investments in various sectors, such as oil and gas, banking and finance, real estate, and telecommunications. Her leadership and entrepreneurial prowess have led to the success of her companies, creating employment opportunities and driving economic growth in the country.
Beyond her financial achievements, the richest woman in Nigeria is also recognized for her philanthropic efforts. She has been a trailblazer in championing causes that uplift women and empower communities, with a focus on education, healthcare, and social welfare. Her philanthropic initiatives have had a positive and lasting impact on Nigerian society, earning her admiration and respect from all quarters.
As a role model for aspiring entrepreneurs and a symbol of women’s empowerment, the richest woman in Nigeria continues to inspire and make significant contributions to the country’s economic progress, cementing her status as a formidable force in Nigeria’s business landscape in 2023 and beyond.
Top 10 Richest Women in Nigeria 2023
Here is the list of the Top 10 Richest Women in Nigeria with their estimated networth.
S.No |
Richest Women |
Estimated Networth |
|
1 |
Folorunsho Alakija |
$1 Billion |
|
2 |
Hajia Bola Shagaya |
$950 Million |
|
3 |
Daisy Danjuma |
$900 Million |
|
4 |
Fifi Ejindu |
$850 Million |
|
5 |
Dr. Stella Okoli |
$800 Million |
|
6 |
Bimbo Alase |
$750 Million |
|
7 |
Mo Abudu |
$650 Million |
|
8 |
Stella Oduah |
$600 Million |
|
9 |
Ngozi Okonjo Iweala |
$550 Million |
|
10 |
Diezani Alison Madueke |
$500 Million |
Let us see each of the women in detail.
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1. Folorunsho Alakija – $1 Billion
Folorunsho Alakija is a Nigerian billionaire and philanthropist who has made her fortune primarily in the oil and gas industry. With a net worth of approximately $1 billion, she is considered one of the richest women in Nigeria. Alakija began her career as a secretary in a Nigerian bank before venturing into fashion design.
Later on, she became involved in the oil industry, and in 1993, she founded Famfa Oil, a Nigerian oil exploration company that has since become a major player in the industry.
Aside from her entrepreneurial pursuits, Alakija is also recognized for her philanthropic work. She is the founder of the Rose of Sharon Foundation, which supports orphans and widows by providing education, vocational training, and other forms of assistance. In addition to this, she has also made significant donations to various causes, including education and healthcare.
2. Hajia Bola Shagaya – $950 Million
Hajia Bola Shagaya is another prominent Nigerian businesswoman and philanthropist, with an estimated net worth of $950 million. She is known for her diverse business interests, which include real estate, banking, and oil and gas. Shagaya began her career in the banking sector, working with several Nigerian banks before establishing her own business, Bolmus Group International.
In addition to her business ventures, Shagaya is also involved in various philanthropic initiatives. She is the founder of the Bola Shagaya Foundation, which supports healthcare, education, and women’s empowerment initiatives in Nigeria. She has also made significant contributions to the arts, with a particular focus on supporting young artists.
3. Daisy Danjuma – $900 Million
Daisy Danjuma, with a net worth estimated at $900 million, is widely recognized as one of the wealthiest women in Nigeria. She is a prominent figure in the country’s business and political landscape. Daisy Danjuma is known for her successful investments in the oil and gas sector, where she has held influential positions in various companies. She has also ventured into real estate, banking, and philanthropy.
Daisy Danjuma has had a remarkable career, with a strong focus on promoting gender equality and empowerment. She has been a vocal advocate for women’s rights in Nigeria and has made significant contributions to initiatives that promote education, healthcare, and social welfare, particularly for women and children.
4. Fifi Ejindu – $850 Million
Fifi Ejindu, with an estimated net worth of $850 million, is another prominent and influential woman in Nigeria. She is a renowned architect, entrepreneur, and philanthropist who has made a name for herself in the male-dominated construction industry. Fifi Ejindu is the founder and CEO of a successful construction and real estate company, with projects in Nigeria and other African countries.
Apart from her business success, Fifi Ejindu is known for her philanthropic efforts, particularly in the areas of education and healthcare. She has been actively involved in supporting initiatives that provide access to education for underprivileged children and promote healthcare services in Nigeria. Her work has earned her recognition and awards for her contributions to society.
5. Dr. Stella Okoli – $800 Million
Dr. Stella Okoli, with an estimated net worth of $800 million, is recognized as one of the wealthiest women in Nigeria. She is a renowned entrepreneur and the founder of Emzor Pharmaceutical Industries Limited, a leading pharmaceutical manufacturing company in Nigeria. Okoli’s entrepreneurial journey began in the 1980s when she identified a gap in the market for affordable and high-quality pharmaceutical products.
With determination and perseverance, she built Emzor Pharmaceutical Industries Limited from scratch and turned it into a successful conglomerate, manufacturing a wide range of pharmaceuticals, nutraceuticals, and medical devices. Dr. Okoli’s contributions to the healthcare sector in Nigeria have been commendable, and she is also known for her philanthropic efforts in supporting education and healthcare initiatives in the country.
6. Bimbo Alase – $750 Million
Bimbo Alase, with an estimated net worth of $750 million, is another notable name among the richest women in Nigeria. She is a seasoned entrepreneur and the founder of Leatherworld, a prominent luxury leather goods company in Nigeria. Bimbo Alase’s journey in the business world started in the 1990s when she recognized a gap in the market for high-quality and exquisite leather products.
Her dedication to craftsmanship, attention to detail, and commitment to delivering exceptional customer experiences have made Leatherworld a reputable brand in Nigeria and beyond. Bimbo Alase’s entrepreneurial prowess has earned her recognition in the fashion and luxury goods industry, and she is also known for her philanthropic efforts in supporting women empowerment initiatives in Nigeria.
Her achievements as an entrepreneur and philanthropist have made her a respected figure in the business community in Nigeria.
7. Mo Abudu – $650 Million
Mo Abudu is a prominent Nigerian media mogul and entrepreneur who is widely recognized as one of the richest women in Nigeria as of 2023, with an estimated net worth of $650 million. She is the founder and CEO of EbonyLife Media, a leading media and entertainment company in Africa. Abudu’s pioneering efforts in the Nigerian media industry have earned her numerous accolades and awards, making her a trailblazer and role model for aspiring entrepreneurs.
Abudu’s success can be attributed to her innovative approach to media production and her commitment to telling authentic African stories through film, television, and digital content. Under her leadership, EbonyLife Media has produced critically acclaimed and commercially successful TV shows and movies, both locally and internationally. Abudu’s business ventures also include real estate investments and a luxury lifestyle brand.
Apart from her entrepreneurial achievements, Abudu is known for her philanthropic efforts. She has been a vocal advocate for gender equality and empowerment, supporting initiatives that promote education, healthcare, and economic empowerment for women in Nigeria and across Africa. Her dedication to making a positive impact on society has earned her widespread recognition and admiration.
8. Stella Oduah – $600 Million
Stella Oduah is a Nigerian businesswoman and politician who is considered one of the richest women in Nigeria as of 2023, with an estimated net worth of $600 million. She has had a successful career in both the private and public sectors, making significant contributions to various industries, including aviation, oil and gas, and real estate.
Oduah made history as the first woman to be appointed as Nigeria’s Minister of Aviation, where she spearheaded reforms in the country’s aviation sector. She was also the founder and CEO of Sea Petroleum and Gas Company Limited, a leading oil and gas trading company in Nigeria. Additionally, Oduah has invested in real estate, with a portfolio that includes high-end residential and commercial properties.
In addition to her business accomplishments, Oduah is known for her philanthropic efforts, particularly in the areas of education and healthcare. She has been involved in several charitable initiatives aimed at improving the lives of vulnerable communities, including providing scholarships to underprivileged students and supporting healthcare facilities in Nigeria. Oduah’s achievements in business and her philanthropic endeavors have positioned her as a prominent figure in Nigeria’s business landscape.
9. Ngozi Okonjo Iweala – $550 Million
Ngozi Okonjo-Iweala is a renowned economist and diplomat who has made a significant impact on Nigeria’s economy. She has served as the Minister of Finance and Coordinating Minister for the Economy in Nigeria, and has also held high-ranking positions at international organizations such as the World Bank and the Global Alliance for Vaccines and Immunization (GAVI).
With a net worth estimated at $550 million, Okonjo-Iweala is considered one of the richest women in Nigeria. Her financial success can be attributed to her expertise in economics and finance, as well as her contributions to policy-making and economic reforms in Nigeria.
Okonjo-Iweala’s accomplishments have earned her numerous awards and recognition, including being named one of Forbes’ 100 Most Powerful Women in the world. She continues to be a trailblazer and an inspiration to women in Nigeria and beyond, with her unwavering commitment to economic development and social welfare.
10. Diezani Alison Madueke – $500 Million
Diezani Alison Madueke is a former Nigerian politician who has held prominent positions in the government, including serving as the Minister of Petroleum Resources, making her the first female to hold that position in Nigeria. With a net worth estimated at $500 million, she is recognized as one of the richest women in Nigeria.
Her wealth is primarily derived from her involvement in the oil and gas industry, which is a major sector of the Nigerian economy. However, she has faced controversies and allegations of corruption during her tenure as a government official, including accusations of embezzlement and money laundering.
Despite the controversies surrounding her, Diezani Alison Madueke’s financial success and political career have made her a notable figure in Nigeria’s business and political landscape.
Who is the Richest Woman in Nigeria ?
Folorunsho Alakija, the wealthiest woman in Nigeria, and Africa, has an estimated net worth of 1.2 billion, making her the richest black woman in the world after Oprah Winfrey, according to Forbes 2023 ranking. Alakija, who is the executive chairman of Fampha Oil, one of Nigeria’s leading oil exploration companies, also holds joint partnership agreements with international giants like Chevron and Petronas, making her one of the most prominent and promising indigenous oil entrepreneurs in Africa.
Aside from her oil business, Alakija is also the group managing director of the Rose of Sharon Group, which includes the Rose of Sharon Prints Promotion Limited and Digital Reality Prints Limited, both located in Nigeria. Her journey to becoming the richest woman in Nigeria was not without challenges, as she started her career as an executive secretary and later ventured into the fashion business before entering the oil industry.
Alakija’s foray into the oil business began with a discouraging response from the government when she proposed a partnership to lift crude oil from Nigeria. However, her resilience and business acumen led her to secure an oil well from the government, initially holding 60% stake which was later reduced to 10%. She took the government to court and after a legal battle of over 12 years, she regained her initial 60% stake in the oil well.
In addition to her ventures in oil and gas, Alakija has also invested in real estate and printing, which generate significant income for her. Despite her wealth, Alakija maintains a private lifestyle, and little is known about her spending habits. However, she is known to be a savvy investor and businesswoman, utilizing her resources to grow her wealth and expand her business interests.
Richest Women in Nigeria
The richest woman in Nigeria in 2023 is a visionary entrepreneur who has achieved remarkable success through her astute business acumen, perseverance, and innovation. Her net worth surpasses her peers, and she has made strategic investments in various sectors such as oil and gas, banking and finance, real estate, and telecommunications.
She has also been a trailblazer in championing causes that uplift women and empower communities through her philanthropic efforts focused on education, healthcare, and social welfare. The top 10 richest women in Nigeria, including Folorunsho Alakija, Hajia Bola Shagaya, Daisy Danjuma, Fifi Ejindu, Dr. Stella Okoli, Bimbo Alase, Mo Abudu, Stella Oduah, Ngozi Okonjo Iweala, and Diezani Alison Madueke, are all renowned entrepreneurs and philanthropists who have made significant contributions to the country’s economic progress.
They serve as role models for aspiring entrepreneurs and symbols of women’s empowerment in Nigeria and beyond.
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