Top 10 Richest Women in Nigeria 2022 Updates, Net Worth and Their Sources of Wealth

Top 10 Richest Women in Nigeria 2022 Updates, Net Worth and Their Sources of Wealth

In this post, we will look at the top ten richest women in Nigeria and their net worth in 2022.

Gender is one of the things that money and wealth do not understand. Whether a person is male or female, if he or she works hard enough, he or she will eventually become wealthy if God allows. Males, on the other hand, are typically the wealthiest in most communities.

This is most likely due to their involvement in the more rewarding economic activities in the community. When women are given a chance, they succeed just as much as their male counterparts.

Such is the case with some wealthy businesswomen in the country who have been discovered to be among the richest women in Nigeria due to their influence on the country’s economy as a whole.

Top 10 Richest Women in Nigeria 2022 Updates

1. Folorunso Alakija – Net Worth $1 billion


Folorunso Alakija is a Nigerian businesswoman who was born and continues to live in Lagos. Forbes lists her as the richest woman in Nigeria, with a net worth of $1 billion. Forbes ranked Alakija as the second most powerful woman in Africa, after Ngozi Okonjo-Iweala, and the 87th most powerful woman in the world in 2015.

She is not only the richest woman in Nigeria, but also one of the richest African women and one of the world’s richest black women. In 2014, Alakija temporarily surpassed Oprah Winfrey as the world’s richest African woman.

She has a background in the fashion, oil, and printing industries. Folorunsho Alakija is the executive vice-chairman of Famfa Oil Limited and the group managing director of The Rose of Sharon Group, which includes The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited. The Rose of Sharon Foundation, founded by Folorunsho, assists widows and orphans by empowering them through scholarships and business grants.

Her company is also a major sponsor of the Agbami medical and engineering scholarship scheme, which is one of the most dependable scholarship schemes in Nigeria, with over a thousand people benefiting each year.

Folorunsho Alakija automobiles are extremely expensive. She demonstrated her class as Nigeria’s wealthiest woman by purchasing four identical Mercedes-Benz G wagons for her children. She also owns a customized Mercedes-Benz S Class. This vehicle costs $20,000,000.

ALSO READ: Top 5 Richest Actresses in Nigeria 2022 and their net worth

2. Bola Shagaya – Net Worth $960 Million


Bola Shagaya is a Business Magnate who attended Ahmadu Bello University Zaria and Armstrong College in California. She began her career with the Central Bank of Nigeria’s audit department before moving into commercial activities in 1983.

Her business experience began with the importation and distribution of photographic materials, and she was instrumental in introducing the Konica brand of photographic materials to the Nigerian and West African markets. She has been a member of the board of directors of Unity Bank plc for over eight years.

Hajia Bola Shagaya is also the managing director of Practoil Limited, one of Nigeria’s largest base oil importers and distributors. These and other contributions had made her the second richest woman in Nigeria and the fourth richest woman in Africa.

She also serves on the board of the newly formed Nepad Business Group – Nigeria. Hajia Bola Shagaya is a fashion and art enthusiast who supports and encourages the fashion and art industries. She is a member of the Nigerian Fashion Designers Association (FADAN).

Bola Shagaya automobiles are also exquisite and expensive. She owns a Rolls-Royce Phantom and a Rolls-Royce Ghost, both of which are worth more than $90 million. She is among the wealthy Nigerians who own a Rolls-Royce today.

3. Daisy Danjuma – Net Worth $900 Million

Daisy Danjuma

Daisy Danjuma is another successful Nigerian woman to mention. She is a politician and a lawyer, and she is currently Nigeria’s third-richest businesswoman, with a net worth estimated at $900 million in terms of assets and wealth.

Daisy Danjuma has held a number of high-ranking positions over the years. In fact, she began her career as a state counsel in the Lagos State Ministry of Justice. She also worked as a legal adviser for the majority of Nigeria’s top banks. Danjuma was even appointed as the head of the Nigerian Television Authority’s legal department.

Daisy Danjuma’s successful legal career, in which she won many high-profile cases, is one of the things that set her apart. It was through these legal battles that she was able to increase her net worth.

Daisy Danjuma was the Chairman of a top petroleum company, South Atlantic Petroleum, and she also excelled in the oil and gas industry (SAPETRO). She held this position for four years before entering politics in 2003. She was elected as a senator to Nigeria’s Senate. Daisy chaired a number of committees aimed at improving the status of women in the country.

Daisy Danjuma is a member of numerous national and international organizations, and she is widely regarded as one of Nigeria’s most successful women.


4. Fifi Ejindu – Net Worth $850 Million


Fifi Ekanem Ejindu is a businesswoman, princess, and philanthropist from Nigeria. She is the great granddaughter of King James Ekpo Bassey of Cobham town in Calabar, Nigeria, and her father is Professor Sylvester Joseph Una of Uyo, Akwa Ibom State.

Her name may not be familiar, especially if you haven’t seen or heard of her company, but the woman is worth more than $850 million as of today. She is currently one of Nigeria’s and Africa’s wealthiest women. Fifi is currently the fourth richest woman in Nigeria.

Fifi’s other businesses include oil and gas, building construction, and real estate. She’d made her fortune with these.


5. Dr. Stella Okoli – Net Worth $800 Million


Dr. Stella Okoli is the founder of Emzor Pharmaceutical Industries Limited, a well-known pharmaceutical company that has produced over 30 drugs that are currently used in Nigeria and Africa.

Emzor paracetamol, for example, is one of Nigeria’s most popular drugs today.

Dr. Stella Okoli is Nigeria’s fifth richest woman, worth more than $800 million.


6. Bimbo Alase – Net Worth $750 Million


Bimbo Alase began as the owner of a small furniture store in Lagos; the company grew rapidly and she named it Leatherworld Furniture Company.

The company is currently the largest furniture manufacturer in Lagos. She is currently worth over $750 million in US dollars.

This places her as Nigeria’s sixth richest woman.


7. Mo Abudu Net Worth $650 Million


Mo Abudu is one of Nigeria’s most successful women. Despite her upbringing in the United Kingdom, she is one of the few women who have made a significant impact on Africa as a whole.

Mo Abudu faced discrimination because of her skin color, as she was one of the few black women in the UK at the time. This was the impetus that drove Mo Abudu to advocate for the abolition of racism and the equality of all people.

She received her education at the University of Westminster, where she earned a master’s degree in Human Resource Management. When Mo Abudu arrived in Nigeria, she was appointed as the head of the human resources department at Exxon Mobil, Nigeria, one of the country’s largest oil companies.

Mo Abudu is a successful businesswoman as well. She is interested in a variety of businesses, including hotels, human resource firms, and the media. She is regarded as one of Nigeria’s and Africa’s wealthiest media personalities, having signed a multi-million dollar deal with NETFLIX.

Mo Abudu is also a philanthropist and the seventh richest woman in Nigeria, with a net worth estimated by Forbes to be $650 million in 2022.


8. Stella Oduah – Net Worth $600 Million

Stella Oduah

Sen. Stella Oduah is Nigeria’s richest female senator, with a net worth estimated at $600 million. Most people attribute her wealth to politics, as she has been linked to several allegations of corruption.

Aside from politics, Stella Oduah has been named one of Nigeria’s richest businesswomen due to her achievements in the business sector. She is currently a senator in the Federal Republic of Nigeria and was a Federal Minister for Aviation during Goodluck Jonathan’s presidency.

Due to the numerous allegations she faced, ranging from illegally importing BMW cars to obtaining a fake MBA degree, funds embezzlement, and so on, her image isn’t as polished as the other successful business women on this list.

9. Ngozi Okonjo Iweala – Net Worth $550 Million

Ngozi Okonjo-Iweala

Ngozi Okonjo Iweala is one of the world’s most powerful women, according to Forbes. She is also the most educated woman on this list of Nigeria’s richest women.

As an economist, Ngozi Okonjo-Iweala has held numerous political, ambassadorial, and even World Bank positions. She received her undergraduate and graduate degrees from Harvard University, as well as her PhD and master’s degree from the Massachusetts Institute of Technology. She worked for the World Bank for 25 years and served as Nigeria’s finance minister twice.

With a net worth of $550 million, Ngozi Okonjo Iweala is the 9th richest Nigerian woman in 2022.

10. Diezani Alison Madueke – Net Worth $500 Million

Diezani Alison Madueke

Diezani Madueke is another Nigerian female politician who is one of the country’s wealthiest women. Diezani is worth $500 million USD, according to Forbes.

Prior to entering politics, she attended school in Nigeria, the United States, and England. She returned to Nigeria and worked for Shell Petroleum, where she made a name for herself in the oil and gas industry. She was elected President of OPEC for the first time in 2014.

She was the minister of transportation, mines and steel development, and petroleum. During her tenure as petroleum minister, Diezani faced numerous allegations of financial mismanagement and illegal contract awarding. She is still one of Nigeria’s most successful and wealthy women.

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