The Forbes’ list included eleven black billionaires. For years Oprah Winfrey had the crown as the richest black women and the only billionaire black woman; everything changed in 2014 with Folorunsho Alakija and Isabel dos Santos on Forbes’ ranking.

A brief overview of the richest black women in the world according to Forbes.

3) Folorunsho Alakija – Net Worth: $1.9 Billion (Nigeria)

Source of wealth: Fashion and Oil

The first female billionaire from Nigeria, Folorunsho Alakija made her billions from oil and fashion. She started her business in the 70s after she left her day job as a secretary to focused on her studies in fashion in England. Upon her return to Nigeria she founded Supreme Stiches, that catered fashion for women of high society. She is also the founder of Famfa oil, a company that owns substantial participating interest in OML 127, a lucrative oil block on the Agbami deep water oilfield.