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Nigerian overtakes Oprah as the richest black woman the world
#1

Nigerian overtakes Oprah as the richest black woman the world

Oprah’s about $300 million short

Oprah Winfrey is no longer the world’s richest black woman. That distinction now belongs to Nigerian oil baroness and fashionista Folorunsho Alakija.

Alakija is worth at least $3.3 billion — about $300 million more than American television personality Oprah — Ventures Africa reports.



http://time.com/3649223/richest-black-wo...y-nigeria/

The 62-year-old started her career as a secretary at the erstwhile Merchant Bank of Nigeria, but moved to England in the early 1980s to study fashion design. She then returned to her native country and set up a high-end label called Supreme Stitches.

Although she amassed some wealth from the label, a significant proportion of Alakija’s fortune comes from an oil-exploration license granted to her company Famfa Ltd. in 1993. The 617,000-acre oil block would go on to become the highly lucrative OML 127, in which Alakija’s family retains a 60% stake.

According to Ventures Africa, her assets include a real estate portfolio worth over $100 million and a $46 million private jet.

- See more at: http://bossip.com/1084385/making-it-rain...oBAuK.dpuf

But more importantly, she is a wall survivor and I would bang.

Don't debate me.
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#2

Nigerian overtakes Oprah as the richest black woman the world

For $3,000,000,000, I would bang even Oprah.
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#3

Nigerian overtakes Oprah as the richest black woman the world

Wow. All those e-mails must be working out for her then.
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#4

Nigerian overtakes Oprah as the richest black woman the world

Nigeria will be an interesting country to watch over the next couple of decades.
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#5

Nigerian overtakes Oprah as the richest black woman the world

Assuming they crush Boko Harem.
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#6

Nigerian overtakes Oprah as the richest black woman the world

Quote: (12-31-2014 12:23 PM)Mike5055 Wrote:  

Assuming they crush Boko Harem.

Yeah they need to solve that. I think they just killed some more villagers recently.
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#7

Nigerian overtakes Oprah as the richest black woman the world

Given that Nigeria is generally ranked as one of the most corrupt countries in the world, I can only assume that a woman going from secretary to billionaire is a signal of something very shady going on. My guess would be that whoever was in power had already stolen as much as they could in the names of their own family members and relatives, and that when a particularly juicy piece of state petroleum property came up for sale, they put it in the name of a useful patsy who wouldn't rock the boat. The clothing thing is probably just a way to launder money and keep her happy.

"Me llaman el desaparecido
Que cuando llega ya se ha ido
Volando vengo, volando voy
Deprisa deprisa a rumbo perdido"
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#8

Nigerian overtakes Oprah as the richest black woman the world

Quote: (12-31-2014 12:14 PM)Old Fritz Wrote:  

Nigeria will be an interesting country to watch over the next couple of decades.




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#9

Nigerian overtakes Oprah as the richest black woman the world

I grew up in Nigeria, and I can tell you for sure that her wealth is being vastly underreported. When the military was in power just under two decades ago, the then military ruler Abacha(one of the most notorious embezzler nigeria has ever seen) gave out multiple oil blocks to people loyal to him. Many of these oil blocks are half owned by Chinese investors who come in and run the oil exploration process (in exchange for 30-40% ownership)and all she has to do is sit on her ass and collect 60% (best gig ever).

There are many of these billionaires in Nigeria, to be honest she may not even be the richest woman in Nigeria.

In regards to Boko Haram, the current president is a pussy and is surrounded by bad advisers, he lacks direction to deal with such a situation and he is in over his head. He is currently running in an election that ends in Feruary with a former General (Mohammed Buhari) who has attended some of the best military schools in the world, Colin Powell was one of his classmates. Mostly everyone in the country will want Buhari to become president, if he does, you won't hear of Boko Haram 10 months into his regime.
Nigeria is prime for investments, I have some cheap land there and plan to buy more in the coming years so I can flip.

Choose your next witticism carefully Mr Bond, it may be your last.

its really precious seeing your rodent wheel excuses for brains spin endlessly
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#10

Nigerian overtakes Oprah as the richest black woman the world

Better story here http://www.dailymail.co.uk/news/article-...world.html:

Quote:Quote:

While she was building her name as a fashion designer, Alakija in 1993 applied for an Oil Prospecting License -- an expensive permit that allows for oil exploration in a specified area.
The Nigerian government granted her request and allocated a 617,000-acre block of land to Alakija for oil exploration -- but she knew nothing about finding and extracting oil.

So in September of 1996, she appointed Star Deep Water Petroleum Limited -- a subsidiary of Texaco -- to act as a technical adviser for her business.
In 2000, Star Deep Petroleum determined that Alakija's land contained an excess of one billion barrels of oil. When this was discovered, the Nigerian government tried to re-acquire half of the oil-rich block it had sold to Alakija.
The Nigerian government was successful and Alakija lost control of all but 10 percent of her oil company until 2012, when Nigeria's highest court reversed the government's actions.
With Alakija now back in control of 60 percent of the oil company, her net worth has shot up to $3.2 billion, an estimate that Ventures Africa calls extremely conservative.
Alakija's sons now run Famfa Oil and her husband, Modupe Alakija, is the chairman of the company.

Seems like the government sold her an expensive lease not realizing there was any oil on it. Then they took it back once they found out it had oil. I'm sure there's more to the story but it seems plausible that it happened more or less as stated.
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#11

Nigerian overtakes Oprah as the richest black woman the world

Richest dude in Africa is also a Nigerian. Everywhere the go they are balling. Are they balling in the West?

In Japan they are making it rain. They just complain that the ladies are too skinny and they cant find some 'juicy' chicks.

Don't debate me.
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#12

Nigerian overtakes Oprah as the richest black woman the world

Quote: (12-31-2014 01:25 PM)Pride male Wrote:  

Richest dude in Africa is also a Nigerian. Everywhere the go they are balling. Are they balling in the West?

In Japan they are making it rain. They just complain that the ladies are too skinny and they cant find some 'juicy' chicks.

Depends from which part of Nigerian society they come from.

In Canada (and some parts of the USA) Nigerian immigrants are ususally pretty smart and cunning to begin with and they do very well career wise and financially. You won't find my established Nigerian-Canadians living in poverty. Most Nigerians in my circle pride education and their kids are in the top classes with Asia's smartest.

Then there's the more low brow dudes who troll Europe who came on a rickety boat. Those guys are small time drug peddlers you see harassing tourists and locals. That could also be possibly due to Europe's highly stratified system of 'ins and outs' however.

Nigeria is so diverse that it's hard to quantify true Nigerian success outside of the small sampleset that lives in US/UK/Canada.

But Nigeria is definitely a country to watch for in the future.
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#13

Nigerian overtakes Oprah as the richest black woman the world

a significant proportion of Alakija’s fortune comes from an oil-exploration license granted to her company Famfa Ltd. in 1993


She's the standard heiress to third world rent seeking wealth. Oprah may be a social and media parasite but she got there without outright theft.
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#14

Nigerian overtakes Oprah as the richest black woman the world

Quote: (12-31-2014 02:16 PM)El Chinito loco Wrote:  

a significant proportion of Alakija’s fortune comes from an oil-exploration license granted to her company Famfa Ltd. in 1993


She's the standard heiress to third world rent seeking wealth. Oprah may be a social and media parasite but she got there without outright theft.

To be honest, most countries built up their wealth on theft. The riches exploited from Africa, India and the Americas brought Europe brought Europe out of the dark age.

America was built on slavery and indentured servants. Corruption, theft and cronyism is what produces much of Latin American and Russian wealth. Now that we are post-industrial in the West it all seems so primitive to us. But we once were no different. I'm sure Nigeria will eventually evolve a better democracy with time and better wealth distribution. They are just behind the curve.
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#15

Nigerian overtakes Oprah as the richest black woman the world

She didn't inherit the money or marry into it, she just worked for it. That's a huge plus.

Maybe there is corruption involved as alleged here, but it's still admirable compared to the usual fare of strong rich independent women that the media tries to cram down our throats.

"Imagine" by HCE | Hitler reacts to Battle of Montreal | An alternative use for squid that has never crossed your mind before
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#16

Nigerian overtakes Oprah as the richest black woman the world

Beats divorce rape theft.

Don't debate me.
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#17

Nigerian overtakes Oprah as the richest black woman the world

Quote: (12-31-2014 12:08 PM)French Translator Wrote:  

For $3,000,000,000, I would bang even Oprah.





Why do the heathen rage and the people imagine a vain thing? Psalm 2:1 KJV
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#18

Nigerian overtakes Oprah as the richest black woman the world

I know another Nigerian like this.

One day their tribe gets some power and bam...everyone gets government contracts for something or other.

On another note, I think a lot of people do not realise what a massive fuck off country Nigeria actually is. It's huge.
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#19

Nigerian overtakes Oprah as the richest black woman the world

Quote: (12-31-2014 02:52 PM)Handsome Creepy Eel Wrote:  

She didn't inherit the money or marry into it, she just worked for it. That's a huge plus.

Maybe there is corruption involved as alleged here, but it's still admirable compared to the usual fare of strong rich independent women that the media tries to cram down our throats.

I somewhat disagree. I think both are horrible. Stealing wealth that rightfully belongs to the Nigerian people is one of the major reasons it's such a shithole of human misery...and not exactly what comes to mind when I think of work.
If there is any silver lining to this, its that SJWs may trumpet this woman as an example of a brilliant female entrepreneur who started with nothing...and end up discredited, as this woman is just a figurehead for a notorious band of thieves.
I read a bit more about this. Apparently through her fashion studies or whatever, she somehow came in contact with people close to Dear Leader, including the wife. This opened the door to the oil exploration license for 680,000 acres, which just happened to be extraordinarily valuable (gee I wonder if they knew). Selling state assets at cut rate prices to insiders who are not really the real owners (but who still get paid plenty to go along with it) is not exactly a new thing.
As for the later court case...that doesn't really prove much, since Nigerian courts are for sale. It could have been for public show, it could have been a way to warn her. Presumably if the Nigerian elites who let her have a seat at the table were actually displeased with her, she would have a helicopter crash or something.

"Me llaman el desaparecido
Que cuando llega ya se ha ido
Volando vengo, volando voy
Deprisa deprisa a rumbo perdido"
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#20

Nigerian overtakes Oprah as the richest black woman the world

Well Nigeria could easily be one of the world's most prosperous nations if it wasn't, for all intents and purposes, owned by multi-national oil companies.
These sorts of reports create the impression that Nigerians generally do benefit from the oil wealth. I'm skeptical about the motives for these reports.
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#21

Nigerian overtakes Oprah as the richest black woman the world

There's another female billionaire in Africa, named Isabel Dos Santos who basically made her fortune by cutting unscrupulous deals with illegal diamonds and arms dealers in addition to a host of other rackets in Angola. She was actually the first female billionaire in Africa and is worth about 3 Billion dollars. Forbes did an article exposing her while back, and details her dealings in diamonds, oil, telecoms, and cement to name a few. People are justified to be skeptical of the ill-gotten wealth of some of these billionaires.

Quote:Quote:

The real story, however, is how Dos Santos–the oldest daughter of Angolan President José Eduardo dos Santos–acquired her wealth. For the past year FORBES has been tracing Isabel dos Santos’ path to riches, reviewing a score of documents and speaking with dozens of people on the ground. As best as we can trace, every major Angolan investment held by Dos Santos stems either from taking a chunk of a company that wants to do business in the country or from a stroke of the president’s pen that cut her into the action. Her story is a rare window into the same, tragic kleptocratic narrative that grips resource-rich countries around the world.


For President Dos Santos it’s a foolproof way to extract money from his country, while keeping a putative arm’s-length distance away. If the 71-year-old president gets overthrown, he can reclaim the assets from his daughter. If he dies in power, she keeps the loot in the family. Isabel may decide, if she is generous, to share some of it with her seven known half-siblings. Or not. The siblings are known around Angola for despising one another.

“It is not possible to justify this wealth, which is shamelessly displayed,” former Angolan prime minister Marcolino Moco tells FORBES. “There is no doubt that it was the father who generated such a fortune.”

http://www.forbes.com/sites/kerryadolan/...est-woman/

[Image: attachment.jpg23812]   
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#22

Nigerian overtakes Oprah as the richest black woman the world

Quote: (12-31-2014 04:33 PM)Joga Bonito Wrote:  

http://www.forbes.com/sites/kerryadolan/...est-woman/

You would have to be a total moron to celebrate a woman like this. She represents the name and face of wealth extraction from a country's resources.

Best thing that could happen to her and her country is a couple guys with silencers on a moped one night.
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#23

Nigerian overtakes Oprah as the richest black woman the world

Quote: (12-31-2014 03:48 PM)brick tamland Wrote:  

Well Nigeria could easily be one of the world's most prosperous nations if it wasn't, for all intents and purposes, owned by multi-national oil companies.
These sorts of reports create the impression that Nigerians generally do benefit from the oil wealth. I'm skeptical about the motives for these reports.

I enjoy a good story of of western exploitation as much as anyone else, but, in this case...
While the MNCs are certainly rapacious and self interested, the Nigerian elites are equally so. Whatever the MNCs don't take, the Nigerian elites steal. Corruption is universal and state sponsored.
You could ban all MNCs and nationalize the Nigerian oil industry 100%, and here is what would happen - production would fall somewhat due to incompetence, and although state revenue would likely be much higher overall despite the falling production, the amount of oil wealth used for the benefit of the average Nigerian citizen would remain relatively constant at approximately zero percent.
Kicking out the MNCs would mean fatter bank accounts in Dubai/Carrib/Switzerland for about .001% of the Nigerian population.
To have Nigeria be truly prosperous, you would have to kick out the MNCs, and imprison/execute/confiscate the stolen wealth of a few thousand of the countries corrupt business and political elites.

"Me llaman el desaparecido
Que cuando llega ya se ha ido
Volando vengo, volando voy
Deprisa deprisa a rumbo perdido"
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#24

Nigerian overtakes Oprah as the richest black woman the world

Sounds like Nigeria is pretty much like the US circa late 1800's

The Rockefeller's, Carnegie's and Vanderbilt's amassed huge holdings and wealth due to the lack of regulatory laws.

Know the right people and be the right place at the right time and you are on your way to massive wealth.
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#25

Nigerian overtakes Oprah as the richest black woman the world

Man. The place does seem to have the allure of the wild west.
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