Top 10 Richest Women in Africa and Their Net Worth
Like their counterparts across the globe, Africa women are pretty industrious.
Today, a continent filled with opportunities, women have turned these resources into massive empires.
African women aren’t lazy; they are business owners who take the world by storm and exploit it globally.
Thus, they can be ranked among the richest women in the world. So today, we will look at some of the richest women in African and how they got their wealth, just maybe, learn a thing or two.
- Folorunsho Alakija
Company: The Rose of Sharon Group
Net Worth: $1.5 billion
Currently ranked as the richest woman in Africa, Folorunsho Alakija is involved in multiple business sectors.
The Lagos, Nigeria billionaire first started as a secretary in 1975 before picking a job at First National Bank of Chicago, which later became FCMB.
After a while, Folorunsho established her stitching company known as Supreme Stitches.
Subsequently, she started a joint venture with Texaco and obtained a license for oil exploration while being the Rose of Sharon Group director. She is also the executive vice-chairman of Famfa Oil.
- Ngina Kenyatta
Net Worth: $1 billion
Ngina Kenyatta, also known as Mama Ngina (Mother of a Nation), was the fourth wife of Jomo Kenyatta.
Following her husband’s death, Ngina became a widow. However, she made some wise business choices and expanded her investments.
Her wealth is gotten from a series of businesses including, hotels, ranches, plantations, among others.
- Daisy Danjuma
Net Worth: $900 million
Daisy Danjuma is a Nigerian lawyer and former Senator. She is also the wife of former Nigerian defense minister General Theophilus Yakubu Danjuma.
Daisy has occupied various high positions in public and private firms thanks to her successful law career.
In 2019, she became the chairperson of May & Baker Nigeria PLC, Nigeria’s leading pharmaceutical manufacturing company.
- Divine Ndhlukula
Net Worth: $809 million
Divine Ndhlukula first started her career working for Zimbabwe Broadcasting Corp.
Over time, she worked as an accounting officer at Old Mutual and later as a marketing executive before starting her own business.
Divine started her security company, “SECURICO,” which provides high-quality services, and she soon became well known for it.
- Dr. Stella Okoli
Company: Emzor Pharmaceutical Industries LTD
Net Worth $800 million
Stella Chinyelu Okoli is the founder and CEO of Emzor Pharmaceutical Industries LTD, one of the leading pharmaceutical companies in Nigeria.
Stella started her company as a small pharmacy retail store before it metamorphosed to become a household name, with several subsidiaries and more than 50 products to its name.
Richest Women in Africa
- Haija Bola Shagaya
Company: Bolmus Group International
Net Worth: $630 million
Naija Shagaya is a Nigerian businesswoman withholding in several business sectors.
She started as an auditor in the Central Bank of Nigeria and later imported and exported photography products, creating her brand Konica.
Naija Shagaya is also involved in real estate and a board member of Unity Bank.
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- Nikki Laoye
Net Worth: $450,000
Nigeria singer Nikki Laoye has been in the industry since 2005. She is well-known for her energetic, captivating performances on stage, which has earned her numerous recognitions.
Nikki has recorded top hit gospel songs, “Never Felt This Way Before,” “1-2-3,” and “Only You.”
Over the years, she was awarded the Best Vocal Performance Headies Award and an AFRIMA honor.
- Ngozi Okonjo Iweala
Net Worth: $400 million
Dr. Ngozi Okonjo Iweala is an economist, international development expert, and former Minister of Finance in Nigeria. She has been recognized multiple times by Forbes as one of the world’s influential women.
- Wendy Appelbaum
Company: Liberty Investors
Net Worth: $259.3 million
Country: South Africa
The richest woman in South Africa, Wendy Appelbaum, is a businesswoman and philanthropist, well known for her exploits. She worked as the director of Liberty Investors Ltd and the deputy chair of Connection Group Holdings Ltd.
In addition, the South African millionaire owns a profitable wine farm within the country.
- Wendy Ackerman
Company: Pick N Pay Holdings Ltd.
Net Worth: $190.2 million
Country: South African
Wendy Ackerman is a South African businesswoman and philanthropist, best known for being the director of the financial company Pick N Pay Holdings Ltd.
She started as a teacher, this occupation she held for many years till her husband Raymond bought Pick N Pay.
Then, Wendy joined the company and helped out in employee affairs. In 1981, she became the director of the company, and as of today, Wendy is one of the richest women in South African and the 10th wealthiest woman in African.