Forbes magazine released its annual list of 100 Most Powerful Women of
2016, which features a Nigerian name among familiar and upcoming
industry leaders in the field of business, entrepreneurship, investing,
science, philanthropy.. etc.
Folorunsho
Alakija's Real Net Worth as of yesterday, June 6, 2016 is $1.72
billion. The 66-year-old married mother of four is the vice chair of
Famfa Oil, a Nigerian oil
exploration company that has a 60% participating interest in block OML
127, part of the larger Agbami field, one of Nigeria's largest deepwater
discoveries, about 70 miles offshore. It partners include Chevron and
Petrobras.
Her first company was a fashion label that catered to
Nigeria's elite women, including the wife of former military president,
Ibrahim Babangida, who awarded Alakija's company an oil prospecting
license. Alakija's net worth has fallen in the past year as a result of
lower oil prices.
German Chancellor Angela Merkel topped the list again this year, as
she "guided her country through a recession with stimulus packages and
subsidies for companies, with Germany entering 2016 with a budget
surplus of 12.1 billion euros (S$18.6 billion) and an AAA rating from
credit rating agencies", Forbes said.
US White House hopeful Hillary Clinton came in second, also steady in
her ranking, and has a clear shot at the number one spot if she wins
the Presidential election, Forbes said.
US Fed Reserve Chair Janet Yellen, philanthropist Melinda Gates and General Motors CEO Mary Barra rounded off the top five.
Other notable faces on the list included IMF chief Christine Lagarde
(No. 6), Facebook COO Sheryl Sandberg (No. 7), Entreprenuer/Actress
Oprah Winfrey (No. 21), Fashion guru and longtime Vogue editor Anna
Wintour (No. 28), World Health Organisation director-general Margaret
Chan (No. 38) and China's first lady Peng Liyuan (No. 58).
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