In a world often dominated by discussions about the wealthiest men, the stories of Nigeria’s formidable women quietly amassing fortunes and spearheading sustainable businesses often go untold. These women are rewriting the narrative and proving that indeed, “what a man can do, a woman can do better, or more than that.”
Let’s take a glamorous journey into the lives of the top 10 richest women in Nigeria for the year 2023, exploring their net worth, achievements, and the opulence that comes with their names.
Folorunso Alakija (Net Worth: $1.6 billion)
Folorunso Alakija, Nigeria’s richest woman, is an oil tycoon and philanthropist with a net worth exceeding a billion dollars. Her journey from humble beginnings to becoming the Executive Vice Chairman of Famfa Oil, one of Nigeria’s largest oil exploration companies, is an inspiration. Beyond her wealth, her dedication to empowering women through her foundation and her advocacy for social change leave a lasting impact.
Her journey from Ikorodu, Lagos State, to Forbes’ list of Africa’s richest females is nothing short of inspiring.
Hajia Bola Shagaya (Net Worth: $950 million)
Hajia Bola Shagaya, CEO and founder of Bolmus Group International, is a business tycoon with investments in oil and gas, real estate, banking, and communications.
Hajia Bola was a former auditor for the Central Bank of Nigeria before she began her own business. She started with importation of photographic equipment. It is reported that she introduced the Konica photographic equipment in Nigeria. She also has other businesses like real estate and some of the most luxurious rides.With a net worth of $950 million, she has made a name for herself in diverse industries.
Daisy Danjuma (Net Worth: $900 million)
Daisy Danjuma, the third richest woman in Nigeria, has had a successful legal career and served as a senator.
Daisy Danjuma’s path to success is closely connected to her strong commitment to charitable work. While her husband, Theophilus Yakubu Danjuma, is the founder of an oil exploration company and a former Nigerian military general and defense minister, Daisy goes beyond personal wealth, actively participating in charitable projects throughout Nigeria. Her generous contributions have positively impacted numerous lives, earning her deep respect and admiration in the country.
With a net worth of $900 million, she continues to contribute actively to various sectors, including her role as chairman of May & Baker Nigeria PLC.
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Fifi Ejindu (Net Worth: $850 million)
The Ibadan-born architect, businesswoman and philanthropist, Fifi Ekanem Ejindu, is the great-granddaughter of King James Ekpo Bassey of Cobham Town in Calabar.
Princess Fifi Ejindu, known for her Neo-traditional architectural style, is the CEO of Building Support Systems and Principal Partner at Starcrest Group of Companies. With a net worth of $850 million, she is a fashionista, businesswoman, and charity worker, promoting African culture and talent globally.
Stella Okoli (Net Worth: $800 million)
Stella Okoli, a businesswoman, pharmacist, and philanthropist, she is the founder and CEO of Emzor Pharmaceutical Industries LTD.
With a net worth of $800 million, she transformed her modest retail pharmacy into a multibillion-dollar pharmaceutical empire.
Bimbo Alase (Net Worth: $750 million)
Bimbo Alase, CEO of Leather World Furniture, defied expectations by turning a small furniture store into Nigeria’s largest furniture retailer. With a net worth of $750 million, her journey from a small furniture store to the helm of Nigeria’s largest furniture retailer is a testament to her entrepreneurial prowess.
Mo Abudu (Net Worth: $650 million)
Mosunmola Abudu, the visionary founder of Ebonylife Television and Films, transitioned from a Human Resource Management consultant to a media mogul.
Forbes recognizes her as “Africa’s Most Successful Woman,” and The Hollywood Reporter acknowledges her as one of the “25 Most Powerful Women in Global Television.”
At just 19 years old, Mo Abudu became the brand ambassador for AVON Cosmetics in Africa.
Now a 59-year-old entrepreneur, she is the founder of Vic Lawrence & Associates Limited. Mo Abudu continued to make strides, creating, producing, and hosting Moments with Mo. Later, she established a television station, Ebony Life Television, where she continues to produce engaging entertainment content.
With a net worth of $650 million, she has become one of Nigeria’s wealthiest women, making her mark in both the entertainment and film industries.
Stella Oduah (Net Worth: $600 million)
Stella Oduah, currently serving as the Senatorial Representative for Anambra North, boasts a net worth of $600 million. Despite facing scandalous allegations, she remains a responsible leader and philanthropist, having previously served as the Minister of Aviation.
Her political journey and resilience make her a noteworthy figure.
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Dr. Ngozi Okonji Iweala (Net Worth: $550 million)
Formerly Nigeria’s Finance Minister and now the Director General of the World Trade Organization, Dr. Ngozi Okonji Iweala is an economist and international development expert with a net worth of $550 million. She has held influential positions in organizations like The Center for Global Development, Twitter, and Africa Risk Capacity.
Her tenure as Finance Minister and her current role as Director-General of the World Trade Organization showcase her exceptional leadership and dedication to economic development, making her an invaluable asset to both Nigeria and the global community.
Diezani Allison Madueke (Net Worth: $500 million)
Diezani Allison Madueke, a trailblazer in Nigerian politics, became the first woman to serve as President of OPEC.
In October 2010, she made history by becoming the first woman to lead a country delegation at the semi-annual OPEC conference. Additionally, she achieved the milestone of being the first female Minister of Transportation and the first woman appointed to the board of Shell Petroleum Development Company Nigeria.
Married since 1999 to Admiral Allison Madueke (retired), a former Chief of Naval Staff and governor of Imo and Anambra States, Diezani Alison-Madueke is a mother of six children—one biological son and five stepchildren, including Chimezie Madueke and Ogonna Madueke.
In September 2011, she received an honorary Doctorate degree in Management Sciences from the Nigerian Defence Academy, Kaduna, becoming the first woman to receive such an honor.
However, her tenure was not without controversy, as funds from her office were allegedly used to acquire a yacht, cars, and properties, leading to scrutiny and criticism.
With a net worth of $500 million, her extensive experience includes roles as Minister of Petroleum Resources, Transportation Minister, and Mines and Steel Development Minister.
Takeaway
These remarkable women, breaking barriers and contributing significantly to Nigeria’s economy, serve as inspiration for the generations to come. Their stories remind us that success knows no gender, and the resilience of these women is indeed rewriting Nigeria’s wealth narrative.
What other remarkable Nigerian women inspire you? Share their stories and achievements in the comments below!
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