Home People Entrepreneurs Top 5 Richest Women in Nigeria & Net Worth (2020)

Top 5 Richest Women in Nigeria & Net Worth (2020)


In this post we list top 5 richest women in Nigeria and their net worth this 2020.

One of the things money and wealth does not know is gender. Regardless if someone is a male or female, if he/she works his/her way toward getting rich, he/she definitely will if God permits. However, the male folks are usually the richest in most communities.

This is probably because they are more into the more rewarding economic activities in the community.

In cases where women are given a ground, they also come out successful like their male counterparts.

Such, is the case of some wealthy business women in the country whom have been discovered to the be among the richest women in Nigeria due to their influence on the economy of the country at large.


Top Richest Women In Nigeria & Net Worth 2020

1. Folorunso Alakija – Net Worth $1.5 billion


Folorunso Alakija is a Nigerian businesswoman that was born in Lagos and still reside there. She is ranked by Forbes as the richest woman in Nigeria with an estimated net worth of $1.5 billion.

In 2015, Alakija was listed as the second most powerful woman in Africa after Ngozi Okonjo-Iweala and the 87th most powerful woman in the world by Forbes.

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She’s not just the richest in Nigeria, but one of the richest African women, and one of the richest black women in the world.

In 2014, Alakija temporarily unseated Oprah Winfrey as the richest woman from African in the world.

She is involved in the fashion, oil and printing industries. Folorunsho Alakija is the group managing director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited and the executive vice-chairman of Famfa Oil Limited.

Folorunsho has a foundation called the Rose of Sharon Foundation that helps widows and orphans by empowering them through scholarships and business grants.

Her company is also a major sponsor of the Agbami medical and engineering scholarship scheme, one of the most reliable scholarship scheme in Nigeria with over a thousand people yearly as beneficiaries.

2. Bola Shagaya – Net Worth $1 Billion


Bola Shagaya, a graduate from Ahmadu Bello University Zaria and Armstrong College in California is a Business Magnate.

She started her career with the audit department of the Central Bank of Nigeria before venturing into commercial activities in 1983.

Her business experience started with the importation and distribution of photographic materials and she introduced the Konica brand of photographic materials into the Nigerian market and West Africa.

She is currently on the board of Unity Bank plc for over eight years.

Hajia Bola Shagaya is also the managing director of Practoil Limited, one of the largest importers and distributors of base oil in Nigeria.

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These and many more had made her second richest woman in Nigeria and 4th richest woman in Africa.

She is also a member of the recently inaugurated Nepad Business Group – Nigeria.

Hajia Bola Shagaya is a patron of the Fashion Designers Association of Nigeria (FADAN), and a fashion and art enthusiast who supports and encourages the fashion and art industry.

3. Fifi Ejindu – Net Worth $600 Million


Fifi Ekanem Ejindu is a Nigerian Architect, businesswoman, princess and philanthropist.

She is the great granddaughter of King James Ekpo Bassey of Cobham town in Calabar, Nigeria, and her father, Professor Sylvester Joseph Una, is from Uyo, Akwa Ibom State.

Her name might not ring a bell especially if you’ve seen or heard of her business but the woman is well worth over $600 million as of today.

She is currently one of the richest women in Nigeria and Africa. As it stands now, Fifi is the third richest woman in Nigeria.

Among other businesses, Fifi is into oil and gas, building construction and real estate. With these, she had made her fortune.

4. Dr. Stella Okoli – Net Worth $500 Million


Dr. Stella Okoli, the founder of Emzor Pharmaceutical Industries Limited, a popular pharmaceutical company that has produced over 30 drugs that are consumed both in Nigeria and Africa today.

Emzor Paracetamol for example, is one of the most popular drug among Nigerians today.

Dr. Stella Okoli is the fourth richest woman in Nigeria and is worth over $500 million.

5. Bimbo Alase – Net Worth $400 Million


Bimbo Alase started as an owner of a small furniture store in Lagos, the business later grew in leaps and bounds and she named it Leatherworld Furniture Company.

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The company is currently the biggest furniture company in Lagos. She’s currently a million in USD and worth over $400 million.

This makes her the fifth richest woman in Nigeria.



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