When wealth is mentioned in Nigeria, the conversation is often centered around men. But let’s be real—women in Nigeria have not only broken into traditionally male-dominated industries but have also built empires that rival those of their male counterparts. If you still think women aren’t dominating the financial landscape, then this list of the top 10 richest women in Nigeria should change your mind.
Top 10 Richest Women in Nigeria & Their Net Worth
Let’s address the elephant in the room. The common argument is that Nigerian women don’t have the same opportunities as men in business. While that may be true to an extent, these women have shattered barriers, proving that determination and strategic thinking can break through even the toughest societal limitations. So, who are these powerhouses, and how did they get to where they are today?
1. Folorunsho Alakija – Net Worth: Approximately $1 billion
If you ever wondered who is the richest woman in Nigeria 2022, look no further than Folorunsho Alakija. Her story is one of resilience and strategic risk-taking. Unlike some billionaires who inherited wealth, Alakija built her empire from scratch. She started in fashion but made her fortune in the oil industry when she secured an oil exploration license. Let’s be honest—many believed a woman couldn’t make it in the oil and gas sector. Yet here she is, proving them wrong. She is not just one of the top 10 richest women in Nigeria, she is a symbol of female economic power.
2. Hajia Bola Shagaya – Net Worth: Approximately $950 million
While some wealthy people seek media attention, Hajia Bola Shagaya operates in a league of her own. She built her wealth through diversified investments, particularly in real estate, oil, and banking. Many underestimate the power of real estate in Nigeria, but if you know how land appreciation works in major cities like Lagos and Abuja, then you’ll understand why she is one of the top 10 richest women in Nigeria and their net worth speaks volumes.
3. Daisy Danjuma – Net Worth: Approximately $900 million
Daisy Danjuma, a seasoned lawyer and former senator, is another example of how political influence can translate into business success. Some critics argue that political connections fuel wealth in Nigeria, but here’s the truth: connections alone won’t make you a billionaire—you need strategy and vision. Danjuma’s investments in oil and real estate show she knows how to multiply wealth.
4. Fifi Ejindu – Net Worth: Approximately $850 million
Unlike many others on this list, Fifi Ejindu made her fortune primarily through architecture and real estate development. Some argue that fields like architecture aren’t as profitable, but Ejindu has proven otherwise by developing some of Nigeria’s most luxurious properties. Real estate remains one of the biggest wealth generators, and Ejindu’s Starcrest Group is a testament to this.
5. Stella Chinyelu Okoli – Net Worth: Approximately $800 million
Healthcare is one of the most critical industries, yet many overlook its profitability. Stella Okoli, founder of Emzor Pharmaceuticals, dominates the pharmaceutical industry in Nigeria. With an economy heavily reliant on imported drugs, Okoli saw an opportunity and capitalized on it. She’s proof that manufacturing and distribution can be as lucrative as oil or banking.
6. Bimbo Alashe – Net Worth: Approximately $750 million
The Nigerian luxury market is often underestimated, but Bimbo Alashe saw its potential. As the founder of Leatherworld, she revolutionized the high-end furniture business in Nigeria. Many assume Nigerians only buy luxury goods from abroad, but Alashe proved that a local company could compete at an international level.
7. Mo Abudu – Net Worth: Approximately $650 million
Media is power, and Mo Abudu understood this when she launched EbonyLife TV. Many dismissed the idea that an African-owned media house could become a global brand, but Abudu proved them wrong. Today, her influence extends beyond Nigeria, placing her among the top 10 richest female in Nigeria and one of the most powerful media moguls in Africa.
8. Stella Oduah – Net Worth: Approximately $600 million
Stella Oduah’s wealth stems from her political career and business ventures. A former Minister of Aviation, she also founded Sea Petroleum & Gas Company Limited. Some argue that her political influence played a role in her success, but like others on this list, she made strategic moves that cemented her place in Nigeria’s financial elite.
9. Ngozi Okonjo-Iweala – Net Worth: Approximately $550 million
If you’re thinking that politics doesn’t pay, think again. Ngozi Okonjo-Iweala, a former Finance Minister of Nigeria and current Director-General of the World Trade Organization, is a force to be reckoned with. Some critics argue that being an economist isn’t enough to make someone wealthy, but Okonjo-Iweala’s investments and advisory roles have significantly contributed to her net worth.
10. Diezani Alison-Madueke – Net Worth: Approximately $500 million
Diezani Alison-Madueke’s wealth is controversial, with allegations of corruption surrounding her tenure as Nigeria’s Minister of Petroleum Resources. While her wealth’s legitimacy is debated, there’s no denying her financial status places her among the top 10 richest women in Nigeria Forbes.
Wrap-Up Top 10 Richest Women in Nigeria
Women are no longer sitting on the sidelines. They are running industries, influencing policies, and building wealth comparable to their male counterparts.
So, what do you think? Do you believe Nigeria provides a fair playing field for women in business, or do these success stories prove otherwise? Let’s discuss this in the comments.
Article updated 3 months ago. Content is written and modified by multiple authors.
