2020 top 5 richest women in Nigeria and how they made their money

2020 top 5 richest women in Nigeria and how they made their money

Nigeria is blessed with some of the richest people in the world who are inspiring a new generation of entrepreneurs.

Legit.ng looks into the life of some of the richest women in the country and how they made their fortune.

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Courtesy of Africa Launch Pad, Legit.ng presents the top 5 richest women in Nigeria.

1. Folorunso Alakija

The billionaire businesswoman tops the list of Nigeria's richest women. In Africa, she is number two on the list of most successful women.

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The 69-year-old woman is also a philanthropist whose wealth comes from her company, Famfa Oil. Her oil company has shares in Agbami Oilfield, a very popular offshore company. Chevron and Petrobras are some of the partners of Famfa Oil.

2. Hajia Bola Shagaya

The business magnate is the managing director of Practoil Limited, one of the largest importers and distributors of base oil in Nigeria.

This woman did not become a billionaire overnight and it took years of hard work. She used to work with the audit department of the Central Bank of Nigeria (CBN) before venturing into commercial activities in 1983.

3. Daisy Danjuma

Daisy is a lawyer who ventured into politics. She is the third richest woman in Nigeria.

She represented Edo South senatorial district at the upper chamber between 2003 and 2007. The 68-year-old woman has also served as the chairman of South Atlantic Petroleum (SAPETRO).

Daisy is currently a member of national and international bar associations.

Top 10 richest women in Nigeria
Daisy Danjuma is the third richest woman in Nigeria. Photo credit: PM News
Source: UGC

4. Fifi Ejindu

The businesswoman and architect is the fourth richest woman in Nigeria. She is into real estate, oil and gas, and architectural projects.

The business mogul and philanthropist is the great-granddaughter of King James Ekpo Bassey of Cobham Town in Calabar.

5. Dr Stella Okoli

Dr Stella Okoli is a pharmacist and the founder of Emzor Pharmace*tical Industries Limited.

She is also a philanthropist who established a charity firm that helps the needy financially and provides healthcare services for them.

She has held the position of vice president and chairperson of the Manufacturers Association of Nigeria (MAN).

Top 10 richest women in Nigeria
Dr Stella Okoli is a pharmacist and the fifth richest Nigerian woman. Photo credit: Nairametrics
Source: UGC

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In similar news, while Nigeria is home to amazing business-minded people, not many are billionaires in dollars and by Forbes standard.

Only four Nigerians out of the pool of affluent people in the country made the 2020 Forbes billionaire list and they are Aliko Dangote, Mike Adenuga, Folorunsho Alakija, and Abdulsamad Rabiu.

Meanwhile, Legit.ng earlier reported that South African-born billionaire Elon Musk is now richer than Facebook co-founder and CEO Mark Zuckerburg.

Musk gained another $12 billion (N4,628,176,800,000.00) in wealth overnight. This is due to the announcement of Tesla's addition to the S&P 500 (a stock market index that measures the stock performance of 500 large companies).

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Source: Legit.ng

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