7 Richest Women In Nigeria And Their Net Worth


Nigeria, a land of vibrant culture and entrepreneurial spirit, boasts an impressive roster of wealthy and influential women who have made significant contributions to various industries. From oil and finance to media and social entrepreneurship, these women have not only amassed considerable wealth but have also paved the way for others through their leadership, innovation, and philanthropy. In this Naijassador article, we delve into the lives and achievements of the seven richest women in Nigeria, highlighting their remarkable journeys to success and the impact they have had on their respective fields.

1. Folorunsho Alakija (Net worth $1 Billion)

Folorunsho Alakija, a self-made Nigerian billionaire, is a force to be reckoned with. She started with a small tailoring business, which blossomed into the fashion label Rose of Sharon. Her true wealth comes from Famfa Oil, a major player in Nigeria’s oil sector, which she co-founded. Alakija remains a leader in fashion and a successful businesswoman, proving that ambition and talent can lead to remarkable achievements.

2. Hajia Bola Shagaya (Net worth $950 Million)

Hajia Bola Shagaya is a Nigerian powerhouse and a businesswoman who has built an empire across several industries. Founder and CEO of Bolmus Group International, she holds stakes in real estate, oil and gas, banking, and photography. As the managing director of Practoil Limited, she’s a major player in Nigeria’s oil sector. Her influence extends beyond business, with a keen eye for fashion and a commitment to philanthropy, particularly in education and healthcare. Hajia Bola Shagaya is a true multi-faceted leader, a role model for aspiring entrepreneurs, and a testament to the ever-growing strength of Nigerian women in the business world.

3. Adenike Ogunlesi (Net worth: $50 Million)

Adenike Ogunlesi is a prominent Nigerian businesswoman who has carved her path to success. She is the founder of the children’s clothing line Ruff ‘n’ Tumble in Nigeria. Ogunlesi is a testament to diversification, with involvement in real estate and investments. Her influence goes beyond just business, as she is also recognized as a Chief Responsibility Officer, highlighting her commitment to ethical and sustainable practices.

4. Ngozi Okonjo-Iweala (Net worth: $1.1 Billion)

A world-renowned economist and trailblazer, Ngozi Okonjo-Iweala’s wealth stems from her distinguished career. She served two terms as Nigeria’s Finance Minister, leading the nation through economic reforms. Currently, she holds the prestigious position of Director-General of the World Trade Organization (WTO).

5. Mo Abudu (Net worth: $10.5 Million)


Mo Abudu, a Nigerian media mogul, is a force to be reckoned with. Born in London but raised in Nigeria, she began her career in human resources before leaping into media. In 2006, she founded EbonyLife TV, the first pan-African TV channel. Showcasing a positive African narrative, EbonyLife produced shows like “The Governor” and “Sons of the Caliphate.” Abudu’s influence extends beyond television. EbonyLife Films has created Nollywood blockbusters like “The Wedding Party” and “Chief Daddy.” Committed to nurturing talent, she opened the EbonyLife Creative Academy and partnered with Idris Elba’s Green Door Pictures. Recognized for her achievements, Forbes named her “Africa’s Most Successful Woman,” and she was awarded the prestigious Officer of the Order of the Niger by Nigeria.

6. Stella Oduah-Ogiemwonyi (Net worth: $500 million)

A seasoned politician and entrepreneur, Stella Oduah-Ogiemwonyi has held prominent positions in the Nigerian government. She served as the Minister of Aviation and is known for her focus on infrastructure development. Oduah-Ogiemwonyi also has business interests in real estate and hospitality.

7. Fifi Ejindu (Net worth: $850 million)

Fifi Ejindu is a Nigerian powerhouse. Architect, businesswoman, and philanthropist, she’s a trailblazer on multiple fronts. Born in 1962, she became the first Black African woman to graduate from Pratt Institute’s architecture program. Her firm, Starcrest Group, has thrived in construction, real estate, and oil and gas. She’s also a champion for Africa’s potential. The African Arts and Fashion Initiative, which she founded in 2013, showcases African talent on the world stage. Ejindu a bridge-builder too, recently appointed President of the Angola-Nigeria Business Council. Her dedication to her country and continent is undeniable.


In conclusion, the seven richest women in Nigeria stand as shining examples of resilience, determination, and visionary leadership. From building oil empires to revolutionizing media and empowering communities through social entrepreneurship, these women have left an indelible mark on Nigeria’s economic and social landscape. Their stories inspire not only aspiring entrepreneurs but also the next generation of leaders, particularly women, who aspire to break barriers and create lasting change. As pillars of success and philanthropy, these women continue to shape Nigeria’s future and inspire a legacy of excellence and empowerment.

Written by: Sarah Aboje


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