Nigerian billionaire Folorunso Alakija has been ranked the second richest woman in Africa. The latest Forbes list has once again placed her among the continent’s most influential business figures.
This latest ranking has drawn attention across the continent. It also reflects the growing impact of women in key industries such as oil, finance, and real estate. Alakija secured the second spot with a net worth exceeding $1 billion. Her wealth has been built over decades of strategic investments.
However, the top position was taken by Angolan billionaire Isabel dos Santos. She leads the list with an estimated fortune of $2.2 billion. Meanwhile, Nigerian businesswoman Bola Shagaya ranked third. Her net worth is estimated at $630 million.
Alakija’s success has not come from one source alone. Instead, her wealth spans several industries. Her major earnings come from the oil and gas sector. In addition, she has investments in fashion printing and real estate.
She is the founder of the Rose of Sharon Group. The company operates across different sectors, showing her wide business reach.
Born in Ikorodu, Lagos State, Alakija started her career in fashion. However, she later moved into oil and gas. This shift changed her financial trajectory. It also placed her among Africa’s top business leaders.
Moreover, her story continues to inspire many young entrepreneurs. It shows that success can come from bold decisions. The Forbes list also highlights a wider trend. Women are playing bigger roles in Africa’s economic growth.
South Africa had the highest number of women on the list. Six individuals from the country made the ranking. In addition, the list focuses on women worth at least $10 million.
Alakija’s impact goes beyond wealth creation. She is also known for her philanthropic work.
She supports projects in education, healthcare, and community development. Therefore, her influence reaches many lives beyond business.
