Saturday, 12 October 2013
Photo: How Mrs Folorunso Alakija’s wealth grew from $3.3bn to $7.3bn to become world’s richest black woman
Seyi Gesinde takes a look at the story surrounding the lastet
announcement of Mrs Folorunso Alakija as the world’s richest black woman
by a pan-African magazine, Ventures Africa.
Nigerian oil tycoon, Mrs Folorunsho Alakija, is now said to be the richest black woman in the world with an estimated fortune of $7.3 billion.
The latest ranking by a pan-African magazine, Ventures Africa, rated Alakija above an American TV queen, Oprah Winfrey, who, according to Forbes magazine ranking was earlier said to be the world’s richest black woman with a networth of $2.9.
In the latest edition of Ventures Africa, the magazine said the African continent boasts of 55 billionaires, worth $143.88 billion in total.
Alakija, a 62-year-old mother-of-four, apart from being a business woman, also has a charity called the Rose of Sharon foundation that helps widows and orphans by empowering them through scholarships and business grants.
In 1993, her company, Famfa Oil, was awarded an oil prospecting license, which later became OML 127, one of the country’s most prolific oil blocks, by then-president Ibrahim Babangida.
The company owned a 60 per cent stake in the block until 2000, when the government acquired a 50 per cent interest without compensating Alakija or Famda Oil.
In May 2012, Alakija, challenged the acquisition and the Nigerian Supreme Court reinstated the 50 per cent stake to her company.
Ventures Africa narates how Alakija grew her networth from $3.3bn to $7.3bn: “In November last year when Ventures Africa published a story outing Nigerian fashion designer and oil magnate Folorunsho Alakija as the richest black woman in the world, we pegged her net worth at $3.3 billion and explained the rationale for our valuation in detail.
“But in our inaugural ranking of Africa’s richest people, which we published on Monday, we place Alakija as the fourth richest person in Africa with a fortune we estimate at $7.3 billion.
“Here’s our rationale: In March this year, Petrobas, a Brazilian oil company that owns an 8 percent working interest in OML 127 in which Alakija owns 60 per cent, announced that it was actively looking to dispose of its stake for a figure in the region of $1.5 – $2.5 billion. According to sources at Petrobas, there are a number of interested suitors for the stake.
“Since we prefer to be as conservative as possible, we take the low-end and assume that they will fetch $1billion for the stake. If their 8 per cent fetches them $1 billion, then Alakija’s 60 per cent is worth over $7.3 billion. Alakija also owns a Bombardier Jet as well as a large collection of prime real estate in Nigeria and London.
“Alakija, born into a wealthy, polygamous Nigerian family, started out her professional career in the mid 70s as a secretary at the International Merchant Bank of Nigeria and in the early 80s, quit her job to study Fashion design in England.
“She returned to Nigeria shortly afterwards to start Supreme Stitches, a premium Nigerian fashion label that catered exclusively to upscale clientele, including Maryam Babangida, the wife of Nigeria’s former military President Ibrahim Babangida. Leveraging on this proximity to power, she acquired an oil prospecting license, the basis of her enormous fortune today.
called from: tribune
Nigerian oil tycoon, Mrs Folorunsho Alakija, is now said to be the richest black woman in the world with an estimated fortune of $7.3 billion.
The latest ranking by a pan-African magazine, Ventures Africa, rated Alakija above an American TV queen, Oprah Winfrey, who, according to Forbes magazine ranking was earlier said to be the world’s richest black woman with a networth of $2.9.
In the latest edition of Ventures Africa, the magazine said the African continent boasts of 55 billionaires, worth $143.88 billion in total.
Alakija, a 62-year-old mother-of-four, apart from being a business woman, also has a charity called the Rose of Sharon foundation that helps widows and orphans by empowering them through scholarships and business grants.
In 1993, her company, Famfa Oil, was awarded an oil prospecting license, which later became OML 127, one of the country’s most prolific oil blocks, by then-president Ibrahim Babangida.
The company owned a 60 per cent stake in the block until 2000, when the government acquired a 50 per cent interest without compensating Alakija or Famda Oil.
In May 2012, Alakija, challenged the acquisition and the Nigerian Supreme Court reinstated the 50 per cent stake to her company.
Ventures Africa narates how Alakija grew her networth from $3.3bn to $7.3bn: “In November last year when Ventures Africa published a story outing Nigerian fashion designer and oil magnate Folorunsho Alakija as the richest black woman in the world, we pegged her net worth at $3.3 billion and explained the rationale for our valuation in detail.
“But in our inaugural ranking of Africa’s richest people, which we published on Monday, we place Alakija as the fourth richest person in Africa with a fortune we estimate at $7.3 billion.
“Here’s our rationale: In March this year, Petrobas, a Brazilian oil company that owns an 8 percent working interest in OML 127 in which Alakija owns 60 per cent, announced that it was actively looking to dispose of its stake for a figure in the region of $1.5 – $2.5 billion. According to sources at Petrobas, there are a number of interested suitors for the stake.
“Since we prefer to be as conservative as possible, we take the low-end and assume that they will fetch $1billion for the stake. If their 8 per cent fetches them $1 billion, then Alakija’s 60 per cent is worth over $7.3 billion. Alakija also owns a Bombardier Jet as well as a large collection of prime real estate in Nigeria and London.
“Alakija, born into a wealthy, polygamous Nigerian family, started out her professional career in the mid 70s as a secretary at the International Merchant Bank of Nigeria and in the early 80s, quit her job to study Fashion design in England.
“She returned to Nigeria shortly afterwards to start Supreme Stitches, a premium Nigerian fashion label that catered exclusively to upscale clientele, including Maryam Babangida, the wife of Nigeria’s former military President Ibrahim Babangida. Leveraging on this proximity to power, she acquired an oil prospecting license, the basis of her enormous fortune today.
called from: tribune
Nollywood Actress, Chelsea Eze, Says Most Nigerian Men Are Not Romantic
Asides movies what do you have a passion for?
I have a passion for movie production and singing. As someone in the
arts, it is necessary to master a few other things relating to the arts,
for instance other languages, martial arts, singing and many more. So
yes, I think singing would come in handy for me as an actress at some
point. Read the rest of the interview after the break
Would you say you are a better singer than an actress?
I can’t really say. In fact,I wouldn’t know.
We have seen actresses delving into music, is such in your future plans?
It is not a Plan B per se. It is just an area I think I might want to explore.
If you were to choose a male Nigerian singer to do collaboration with, who would you choose?
I certainly would choose M.I and it is because I like his versatility. I
like soulful music, techno and even country music. But I have no
streamlined genre for now.
How has it been for a fast rising actress like you in the industry?
It has been quite a journey. There have been so many ups and downs,
which are expected but in all, I give glory to God. Being an actress has
its perks. You work and people appreciate your work through awards
given to you. Thankfully, I have a few of such awards. Certain doors are
opened on the premise of being an actress. For me, one of the downsides
is the endless scrutiny from others. People who do not know you
personally but feel they know you because they see you in the movies,
constantly try to figure out what you are about and they judge you based
on what they have in their heads. That can be very difficult to handle
at times.
How often do you find time for friends and do you still hang out with friends who knew you before stardom?
I try to do that really, I do. Old friends are still the best of
friends. We are still true to each other and there is no inferiority
complex. I always have time for my friends.
How often do you get hit on by men?
I don’t know. I haven’t been keeping record but it happens quite a lot.
Would you mind sharing some hilarious pick-up lines you have heard from guys?
One time this guy walks up to me after church actually and says, ‘Hi, my
name is Mr. X. I’m building a house just for the two of us. I want you
to be my wife. In fact, I see you as my wife already.’ And then he shows
me the picture of ‘the house’ he’s building. There was a time, another
guy saw me at the mall and said, ‘If you let me, I won’t make you wait
for years’. I was confused at first; apparently the line was based on a
movie he had seen me in. In that movie, I was engaged to a guy for a
long time. Another one once told me, ‘I call you baby oku (hot baby) because you make me hot baby’. I tell you, I have heard so many ridiculous pick-up lines.
What’s your greatest aspiration in life?
I aspire to be the best there can be in any and everything I find myself
doing. A very close friend always says, ‘There is a place called
forward and that is where we are headed’. So it is a continuous
movement. In the end, I aspire to create and live a legacy that would
live on even after me.
Assessing your life so far, are you impressed or depressed with yourself?
I can never be depressed with myself. I’m happy that I have come this
far. That pushes me to always push further. I can’t go back now. I’ve
come too far to back down.
What is the craziest thing a male fan has done to you?
I don’t think there’s any for now. At least none is coming to mind.
Would you mind featuring in Yoruba movies or even Hausa movies since you were once based in the North?
Yes. I’m actually looking forward to doing movies like that especially a
Hausa movie or a movie that requires me to speak a different language.
Watch out, I just might be doing something like that soon. I can’t talk
so much about that for now. That’s the challenge that I’m looking
forward to. I think every actor wants to do something out of their
comfort zone. Fear is an amour of the devil. Well, I don’t acknowledge
fears. It is of the devil.
What are you currently working on?
I am working on a couple of projects amongst which are films and also television shows.
You once said you have 30 pairs of shoes, what’s your closet like?
Well since I’m not living in my personal house yet, I converted two rooms into a closet.
Are you in any relationship right now?
Yes I am seeing someone.
Do you find Nigerian guys romantic?
I don’t think the average Nigerian guy understands romance but I know a few who are.
What’s the most romantic and unromantic thing a guy has done for you?
The most romantic thing was a guy flying from a very far place to come
support me on a day that I needed him so much. I can’t think of any
unromantic one right now.
How many man has she actually dated that led her to the conclusion that Nigerian men are not romantic?
Culled from Punch
Photos: Chelsea & Cameroon Striker Samuel Eto’o Acquires Four Brand New Cars Worth Over N1 Billion!!!
Samuel
Eto'o has made good use of his bumper salary by amassing a fleet of
cars worth £4million (approximately N1 billion). The
pick of the Chelsea striker's fleet is the £1.55m Bugatti Veyron which
was specially delivered along with three other vehicles to the London
club's training ground after his move from Anzhi this summer.
As well as the Veyron, Eto'o has spent big on a £1.25m Aston Martin One-77, according to The Sun. The Cameroon forward, 31, also snapped up a luxury Maybach Xenatec for a whopping £750,000 and an Aston Martin V12 Zagato for £450,000. View the pictures of the cars after the break ...
As well as the Veyron, Eto'o has spent big on a £1.25m Aston Martin One-77, according to The Sun. The Cameroon forward, 31, also snapped up a luxury Maybach Xenatec for a whopping £750,000 and an Aston Martin V12 Zagato for £450,000. View the pictures of the cars after the break ...
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