While many people know about the richest men in Nigeria, few know about the women who are also making their own money while building sustainable businesses in the country. They’re the definition of what a man can do, a woman can also do, even better. These wealthy women have moved past average and are sitting on the board of companies in different sectors of the economy.
Richest women in Nigeria
1. Folorunsho Alakija - net worth of $1 billion
Folorunso Alakija is an oil mogul and philanthropist whose wealth was gotten from her oil and gas company, Famfa Oil. Her fortune earned her a number two spot on the Forbes list of the richest women in Africa. She’s also the richest woman in Nigeria, a position she has enjoyed for quite some time.
Aside from her oil company, the 69-year-old billionaire is into the printing and fashion industries. She owns a fashion house called Rose of Sharon Group, where she's the managing director.
Alakija is rich enough to afford the luxuries of life such as exotic cars. One time, she bought four identical Mercedes-Benz G wagon for her four sons. She owns a customized Mercedes-Benz S Class worth ₦20 million.
2. Hajia Bola Shagaya - net worth of $950 million
The next one in the list of the richest women in Nigeria is Hajia Bola Shagaya. She is also the fourth richest woman in Africa. She was a former auditor for the Central Bank of Nigeria before starting up her own business. Her business deals with the importation of photographic equipment. Hajia Bola was reported to have introduced the Konica photographic equipment into the country.
Hajia Shagaya has other businesses such as her real estate which has her-owning properties in Nigeria and some countries.
The choice of cars she went for is an indication that she has a rich taste for luxury rides as they depict her status. Hajia Shagaya owns a Rolls-Royce Phantom and a Rolls-Royce Ghost valued at ₦90 million. This earned her a spot on the list of 40 Nigerian celebrities who drive Rolls-Royce.
3. Daisy Danjuma - net worth of $900 million
Another woman who made it to the list of Nigerian's richest women is Daisy Danjuma. She is a lawyer and former Senator that represented Edo South Senatorial District from 2003-2007. She happens to be the wife of former defence minister General Theophilus Yakubu Danjuma.
Daisy has a successful law career that saw her occupying various high positions in public and private firms. In 2019, she was appointed the chairperson of May & Baker Nigeria PLC, a leading pharmaceutical manufacturing company.
As for the cars she owns, nothing is known about them as she keeps them off social platforms.
4. Fifi Ejindu - net worth of $850 million
Fifi Ejindu is an architect, entrepreneur, and philanthropist. Fifi is one of the leading female architects in the country. Her company, Starcrest Group of Companies, was founded immediately after she finished her studies and returned to Nigeria.
The company has three subdivisions and is engaged in real estate, building and designing, and investment opportunities.
As a society lady who knows how to pamper herself, the Abuja-based architect drives a Rolls-Royce Ghost worth ₦130 million which she bought to celebrate her birthday
5. Dr Stella Okoli - net worth of $800 million
Stella Chinyelu Okoli is one of the wealthiest women who started out small. She’s the founder and CEO of the leading indigenous pharmaceutical company, Emzor Pharmaceutical Industries LTD. As a pharmacist, Okoli initially started her company as a small pharmacy retail store before it has been metamorphosed to become a household name across the country.
Emzor, Nigerian’s biggest pharmaceutical company, has several subsidiaries with more than 50 products to its name.
For a woman in her 70s, there's no available information on the cars Stella Okoli owns. Considering her age, she doesn't have the time to show off her rides.
>>> From oil moguls to politicians, check out the Top 10 richest men in Nigeria 2020 & their cars
6. Bimbo Alase - net worth of $750 million
We have another woman who also started out small. Bimbo Alase became wealthy through her furniture business. She started her furniture business with a small store in Lagos State before it grew to earn her a fortune. The company, Leatherworld Furniture, has now become the biggest luxurious furniture store in Lagos.
Bimbo Alase's cars are yet to be known. For a woman of her class, she's likely to own a luxurious ride.
7. Mo Abudu - net worth of $650 million
She is one of the big names in the entertainment industry made it to the list of the richest women in Nigeria. MO Abudu. whose real name is Mosunmola Abudu, is a media guru, former human resource management consultant, and philanthropist. In 2017, she was ranked as one of the most powerful women in global television.
The 56-year-old media proprietor owns EbonyLife Television, an entertainment television station where she has been creating and producing entertaining content. She also owns a film production company called EbonyLife Films, where she produces movies.
When it comes to luxuries like dresses, perfumes, and cars, MO goes for the best. She owns a Mercedes-Benz SUV worth ₦20 million.
8. Stella Oduah - net worth of $600 million
Stella Oduah is a politician and the Senator representing Anambra North Senatorial District. This is her second tenure as a senator. She was a former Minister of Aviation from 2011-2014.
As a politician, there has been a number of controversies and allegations surrounding her person over misappropriation of government fund. One of such is the ₦255 bulletproof car purchase scandal. The cars in question were BMW vehicles. The BMW is the only car online tied to her name.
9. Ngozi Okonjo Iweala - net worth of $550 million
Dr Ngozi Okonjo Iweala has been a role model and inspiration to many Nigerian women. She’s an economist, international development expert, and former Minister of Finance. Dr Okonjo has been recognized multiple times by Forbes as one of the 50 greatest leaders in the world.
With her expertise, she has occupied several key positions both locally and internationally. She currently sits on the board of various organizations like Twitter, Center for Global Development, African Risk Capacity, and others. In 2020, She was slated to become the new Director-General of the World Trade Organization but her appointment is being held up by the US, who preferred South Korean candidacy.
No information about her cars has been made available to the public, so we are yet to know the type of cars that she owns.
>>> You might also like to check out the Top 10 richest men in Africa & their cars (updated 2020)
10. Diezani Alison Madueke - net worth of $500 million
Here's another female politician who made it to the list of the richest women in Nigeria. She’s the first female to become OPEC president. From 2007- 2015, she served as the Minister of Petroleum Resources, Minister of Transportation and Minister of Mines and Steel Development.
There have been some allegations of money laundering, bribery, and corruption offences on Diezani when she was in office. Reports say she is facing charges for the said offences.
From expensive jewellery to tastefully built mansions, Diezani Alison Madueke is known to have lived a luxurious lifestyle while in office. Part of the laundered money was reportedly used to acquire a yacht, cars, properties, etc. However, the car brands she bought weren't mentioned.
Diezani Alison Madueke was a former minister from 2007-2015!
Recap Table: Richest women in Nigeria
|Richest women in Nigeria|
|1||Folorunsho Alakija||$1 billion|
|2||Hajia Bola Shagaya||$950 million|
|3||Daisy Danjuma||$900 million|
|4||Fifi Ejindu||$850 million|
|5||Stella Okoli||$800 million|
|6||Bimbo Alase||$750 million|
|7||Mo Amudu||$650 million|
|8||Stella Oduah||$600 million|
|9||Dr Ngozi Okonjo Iweala||$550 million|
|10||Diezani Alison Madueke||$500 million|
Many Nigerian women have proved to be hardworking and consistent with their businesses. And this has earned some of them a spot on the richest women in Nigeria. This has gone to show that success and wealth know no gender.
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