May 14, 2026

I Never Refer to Myself As Africa’s Richest Woman – Folorunsho Alakija

By Farouk Mohammed

Africa’s richest woman and arguably the richest black woman Folorunsho Alakija has said that she does not regard herself the richest woman on the continent.

The delectable oil business tycoon who is the founding grand patron of Africa Cinematography Festival (ACF) said she has never referred to herself as the richest woman in Africa, however, if people say so then she claims it.

She said : “I didn’t call myself Africa’s richest women, I didn’t say so. But if that is what people say, I claim it and I pray that the Lord will do more for me in Jesus name.”
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Giving hints about how women entrepreneurs can thrive in businesses, she said passion is the drive that conquers fear and challenges.

Her words: “What I have to say is that they must make sure the venture is coming from their hearts; it must be their hearts desire because there are many challenges to be faced. Nothing goes from the lowest to the highest level overnight. Perseverance is a tool that we must imbibe and they must realise that nothing drops on anybody’s laps just like that. So, working hard to achieve an objective is key. Anybody can aspire and want to be one thing or another but I assure you, there are challenges along the way; there are numerous hurdles. So, that you desire it and want it does not mean that you will achieve your dream so easily.”

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