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Oprah May No Longer Be Richest Black Woman

 
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PurplePhase View Drop Down
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    Posted: Dec 04 2012 at 6:45pm
wow (saw this article from another thread link)




Oprah Winfrey may no longer be the richest black woman in the world

by Similoluwa Ojurongbe |


  Folorunso Alakija, the richest black woman in the world. Photo from AfricanGlobe.net


 

Folorunso Alakija, the richest black woman in the world. Photo from AfricanGlobe.net

Nigerian philanthropist, fashion designer and oil tycoon Folorunsho Alakija was recently on Forbes‘ list of Africa’s 40 richest people. At number 24, Forbes magazine put her worth at $600 million.

According to Ventures-Africa, Forbes may have missed a large amount of Alakija’s wealth when they were calculating. Folorunsho Alakija might be worth over $3.3 billion dollars. That is more than Oprah Winfrey’s fortune of $2.7 billion.

In 1993, Alakija was given an oil block by former head of state General Ibrahim Babangida. Unlike many others that received similar holdings, Alakija chose not to sell. Instead she held on to her rig and partnered, maintaining a 60 percent hold of her oil block, Famfa Oil.

Over the years, Alakija went through a complex maneuvering of buying, selling, transferring and battle for ownership with the former President General Olusegun Obasanjo.

In 2012, the Supreme Court voided General Obasanjo’s acquisition of 50 percent of Famfa Oil which produces 200,000 barrels a day at peak. Folorunsho Alakija’s 60 percent stake in the $10.74 billion company is calculated at $6.44 billion was returned back to her.

Ventures-Africa calculates, assuming debt, if any, Alakija is worth a market value of $3.3 billion.

The editor for Ventures-Africa compares Alakija’s oil field to a similar field, Total E&P.

“Total E&P recently sold off its 20 percent stake in a similar oil field to China’s Sinopec for $2.5 billion,” he wrote. “The oil field in question has a daily production capacity of 180,000 barrels a day. Similarly, other hand, OML 127 in which Famfa has a 60 percent interest produces about 200,000 barrels a day …  At this point, we have no doubt that she is indeed richer than Oprah.”


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EPITOME View Drop Down
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Post Options Post Options   Thanks (15) Thanks(15)   Quote EPITOME Quote  Post ReplyReply Direct Link To This Post Posted: Dec 04 2012 at 6:47pm
that is nepotism for you
she was GIVEN an oil block
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Post Options Post Options   Thanks (18) Thanks(18)   Quote PurplePhase Quote  Post ReplyReply Direct Link To This Post Posted: Dec 04 2012 at 6:48pm
and she was smart to hold on to it.
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Post Options Post Options   Thanks (2) Thanks(2)   Quote jonesable Quote  Post ReplyReply Direct Link To This Post Posted: Dec 04 2012 at 6:49pm
Someone should give me some oil.

I want to stumble upon some oil spring somewhere.
Smh
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Post Options Post Options   Thanks (0) Thanks(0)   Quote carolina cutie Quote  Post ReplyReply Direct Link To This Post Posted: Dec 04 2012 at 6:50pm
Now who do I give praise to?!Cry

lol j/k
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Post Options Post Options   Thanks (0) Thanks(0)   Quote PurplePhase Quote  Post ReplyReply Direct Link To This Post Posted: Dec 04 2012 at 6:51pm
Originally posted by jonesable jonesable wrote:

Someone should give me some oil.

I want to stumble upon some oil spring somewhere.
Smh


you mean on some land you own LOL
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Post Options Post Options   Thanks (6) Thanks(6)   Quote Lady ICE Quote  Post ReplyReply Direct Link To This Post Posted: Dec 04 2012 at 6:53pm
still black thoughParty

but dang they need to help this sista out though.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote bunzaveli Quote  Post ReplyReply Direct Link To This Post Posted: Dec 04 2012 at 6:54pm
how she get in with these types of people ? 
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Post Options Post Options   Thanks (1) Thanks(1)   Quote 313chick Quote  Post ReplyReply Direct Link To This Post Posted: Dec 04 2012 at 6:55pm
Originally posted by Lady ICE Lady ICE wrote:

still black thoughParty

but dang they need to help this sista out though.
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Post Options Post Options   Thanks (2) Thanks(2)   Quote EPITOME Quote  Post ReplyReply Direct Link To This Post Posted: Dec 04 2012 at 6:55pm
Originally posted by bunzaveli bunzaveli wrote:

how she get in with these types of people ? 

on her back or knees I assume...maybe her side to switch it up

eta:

  



Edited by EPITOME - Dec 04 2012 at 7:04pm
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