Top 5 Richest Women in Nigeria 2021

the richest woman in nigeria

A few decades ago you wouldn’t have heard anything about a woman being a billionaire! However, the story has since changed over the turn of the millennium as we now have quite a number of women whose wealth and assets run into hundreds of millions and even billions of dollars. #The richest women in Nigeria.

Who are these women? The wealthy women control lots and lots of cash. Ask no further; we introduce them to you in this article.

Our Assessment Parameters

The parameters that we used in carrying out this assessment include: the number and quality of companies they own/manage, the amount of share the control, the market value of their companies and other investments, and their general net worth.

Also note that the other women that are obviously super-rich, with no clear business or professional model are not included in this list. This is so because money doesn’t fall from the sky. For you to be considered rich, you should have something that is legally making the money for you.

Richest Women In Nigeria 2021

The richest women in Nigeria this 2021 include:

Folorunsho Alakija

the richest woman in nigeria

Mrs. Folorunsho Alakija has struggled to maintain her position as the richest woman in Nigeria for many years now, and the second richest woman in Africa.

Ask me, and I will tell you that I’m really proud of her achievements. Folorunsho started out as a top-notch fashion designer practicing the profession which she studied at American college London, and the central school of fashion.

Her rise to billionaire status started when she won the bid to Oil Prospecting License in Nigeria which led to the creation of Famfa Oils Limited, which is today a multi-billion dollar empire.

Note that the bulk of her wealth comes from this oil block. As at the time of writing this post, her Net worth stands at 1.6 Billion dollars, can you believe that? She’s also got a lot of massive property all across Nigeria, with a private jet also to her credit.


Hajia Bola Shagaya

the richest woman in nigeria 2

Hajia Bola made it on our list of richest women in Nigeria, and deservedly so. She is the second richest woman in Nigeria at the moment and the 4th richest woman in Africa.

At the moment, she is the CEO of Bolmus Group International. The company is professionally into a lot of things like real estate, oil, and gas, including banking and other services.

Aside from the above, this woman is equally a board member of Unity Bank Plc. She’s got hundreds of houses scattered all the Nigeria including a private jet that is rumored to cost over 30Million dollars.

Just like Alakija, the bulk of her stupendous wealth comes from her Oil and Gal industry. As at the time of writing this post, her Net worth is over 1billion dollars, hence making her the second richest woman in Nigeria.

Fifi Ejindu

fife ejindu net worth


She might not be so well known but I can assure you that this lady is stinking rich!  She is the great-granddaughter of King James Ekpo Bassey of Cobham Town in Calabar, Nigeria. She graduated as an architect from Pratt Institute in the United States.

She later started Starcrest Group of companies which has an interest in oil and gas, real estate, and building construction. Her conglomerate grew to become a multi-million-dollar empire making Fifi one of the richest women in Nigeria and Africa.

FifiEjinduwas awarded the African Achievers African Arts and Fashion Lifetime Achievement award in 2013. She worth over $600 million.


Dr. Stella Okoli

list of richest women in nigeria

Dr. Stella Okoli has since risen to the status of an A-list Nigerian billionaire with her drive to make healthcare affordable and available. This is a Nigerian woman who worked her way up the pharmaceutical industry in Nigeria to become an unrivaled entrepreneur in her field.

Dr. Stella Okoli is the proud founder and CEO of Emzorpharmaceutical Industries Limited who produce over 30 drugs that are consumed by millions of Nigerians and Africans daily. The company is over 33 years old already and still burgeoning.

Her drive for sustainable healthcare has not only brought her money but accolades and government recognition too.

She was bestowed with the Member of the Order of the Nigerian 2012 by president Goodluck Jonathan in 2012 and was also honored with the ECOWAS International Gold Award. She is worth over $500 million.


Bimbo Alase

bimbo alasa life style

Mrs. Bimbo Alase is a Nigerian feminine billionaire who has cemented her place amongst the high and mighty in Nigerian society.

Bimbo Alasestarted small as a small business owner of a furniture store in Lagos which she later transitioned to Leatherworld furniture company. Leatherworld grew to become the biggest furniture company in Lagos.

Her company partnered with NIERI one of the best furniture making companies based in Tuscany Italy to produce some of the best furniture ever made in Africa, that was in 2005.

Today, the Leather world has become a multi-million-dollar empire which makes Bimbo Alase one of the richest women in Nigeria. The proud mother of one has over $400 million to her credit.

see: Top 10 Richest Women in Africa

There you have it, our women in Nigeria are becoming crazily rich, with net worth running in multiples of millions and billions of dollars! The onus is not just on the men anymore, women are now standing up to be counted.

So guys, how do you feel about our list of richest women in Nigeria? You can make your contribution by using the comment section down below.