Career & Business

Folorunsho Alakija And The Rise Of Women Billionaires


If you don’t know who Folorunsho Alakija is, then you are most likely standing alone. Folorunsho Alakija is Nigeria’s first female billionaire (in $$$)


This is NOT an actual Forbes Magazine cover

Just a little over 10% of the world’s billionaires are women, but according to Forbes, 2014 is a record breaking year for women.

“Out of 1,645 billionaires, a record 172 are women – up from 138 last year”

There are 268 newcomers on the Forbes’ rich (Billionares) list, 42 of them are women. However, only 5 of the 42 are self-made. As in, they created their own fortunes as opposed to inheriting them from their parents or partners. No prizes for guessing who tops the list of these new self made women billionaires. The list below:

  1. Folorunsho Alakija, Nigeria’s first female billionaire, whose Famfa Oil owns a prolific oil bloc – ($2.5 billion)
  2. Denise Coates, the co-CEO and largest shareholder of UK based online gambling site Bet365 – ($1.6 billion)
  3. Sheryl Sandberg, COO at Facebook, where she holds 12 million or so shares, and author of the bestselling Lean In –  ($1.05 billion)
  4. Liu Xiaomeng, who holds a stake in the Suning Appliance Group, which in turn owns 14% of Suning Commerce Group, China’s largest appliance retailer – ($1 billion)
  5. Wang Laichun, Chairman of Shenzhen Luxshare Precision Industry Co., Ltd. – ($1 billion)

Read the entire Forbes’ feature on The World’s Richest Women 2014

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