Top 10 Famous Female Entrepreneurs in Nigeria 2019 & Net Worth
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Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs.
Entrepreneurship has been described as the “capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit“.
While definitions of entrepreneurship typically focus on the launching and running of businesses, due to the high risks involved in launching a start-up, a significant proportion of start-up businesses have to close due to “lack of funding, bad business decisions, an economic crisis, lack of market demand—or a combination of all of these.
A broader definition of the term is sometimes used, especially in the field of economics. In this usage, an Entrepreneur is an entity which has the ability to find and act upon opportunities to translate inventions or technology into new products:
“The entrepreneur is able to recognize the commercial potential of the invention and organize the capital, talent, and other resources that turn an invention into a commercially viable innovation.”In this sense, the term “Entrepreneurship” also captures innovative activities on the part of established firms, in addition to similar activities on the part of new businesses.
While they are countless lists on the top 10 most successful entrepreneurs in Nigeria and it seems like the men have continuously dominated the list, make no mistake, there are many successful female entrepreneurs in Nigeria too. These female entrepreneurs have made their marks and accordingly earned the respect they get from people around the world.
These female entrepreneurs everyday continue to prove they have what it takes to be creative and get financial rewards for it. Even around you there are many entrepreneurs who are doing well for themselves from the mom down the road who owns a beauty salon which high patronage to the woman who runs the most famous restaurant in your community and many more. Women in Nigeria have continued to make their marks in business.
This article doesn’t just cover successful females in Nigeria but females or women who are entrepreneurs, who, by definition, are female who started up businesses of their own. We would be revealing who these women or females are and who they produce or what services they offer.
Below are the top 10 successful female entrepreneurs in Nigeria and what they produce or what services they render.
Folorunsho Alakija has consistently stayed on top as not just the richest woman in Nigeria but in Africa as a whole. Here’s to even put her wealth further in persepective; recently in 2014, Folorunsho Alakija became the richest woman of black or African ancestry, beating Oprah Winfrey to the position!
Folorunsho Alakija began her foray into the employment market as a secretary. Years later she established “Supreme Stitches” which is a tailoring company. Subsequently, Folorunsho Alakija diversified into the oil and gas (petroleum) sector where she made huge money which made her a billionaire ( a position she has maintained till date).
Folorunsho Alakija’s networth is $1.9 billion
Folunsho Alakija owns the following companies :
Famfa Oil Limited, a petroleum company which she owns a 60% stake in
Supreme Stitches, a tailoring company
Stella Chinyere Okoli
Dr. Stella Chinyere Okoli’s major contribution has been in health and she is famous for her philanthropic deeds buy making sure drugs in Nigeria are cheap and purchased at affordable rates.
Dr. Stella Chinyere Okoli is the CEO of the famous pharmaceutical company, Emzor Pharmaceutical, makers of the popular quick relief for headache in Nigeria and other countries, Emzor Paracetamol.
Dr. Stella Chinyere Okoli has a net worth of $500 million.
Bimbo is a popular furniture tycoon. In Lagos, started Leatherworld Furniture Company, first as a company, but over time the company has become a prestigious one and a major player in the furniture industry in Nigeria.
Bimbo Alase has a net worth of $400 million.
Also, Bimbo Alase is the CEO of Leatherworld Furniture.
Hajia Bola Shagaya
Hajia Bola Shagaya, like Folorunsho Alakija, began her professional job foray in the corporate world as an employee in Central Bank of Nigeria (CBN) audit department. Years later, she went into the oil and gas industry. Not only is she into the oil and gas industry, she is also into real estate and has considerable investment there.
Hajia Bola Shagaya is the CEO and MD of Practoil Limited, who are major stakeholders in the base oil sectors and one of the biggest importers of base oil into Nigeria.
Fifi Ejindu is not just a businesswoman, she’s an entrepreneur, an architect and a popular philanthropist. She’s famous for her unique still of ‘Neo-traditional’ architecture ( as she likes to call it). According to Fifi Ejindu, ‘Neo-traditional architecture’, incorporates old traditional style features along with new materials in new architectural projects.
Fifi Ejindu is the CEO and owns Starcrest group of companies.
Linda Ikeji’s claim to fame is her reputation as Nigeria’s most popular entrepreneur, owning popular Linda Ikeji blog from which she has raked in hundreds of millions of naira. She has a reputation which is controversial as she delivers news and gossips quickly at your fingertips and she’s known to be the first to break exclusive hot gist on many Nigerian celebrities whether good or bad. I guess this is where the controversy which trails Linda comes from.
Tela Fela Durotoye
Tela Fela Durotoye is not just a lawyer, she has diversified successfully into the beauty industry too. Her company House of Tara International has become a household name not just in Nigeria, but in the West African subregion too.
House of Tara International, a make up company, are the owners of the Tara Orekelewa beauty range, Inspired Perfume, H.I.P beauty range and a few others. She went into the industry which many people mostly delve into as a part-time business and became a major player, making House of Tara International a brand known not just for its quality make up products but for its pricey nature.
Olajumoke Adenowo can be described as many things; she is an entrepreneur, an architect, public speaker, radio show host, and philanthropist. Not just that, she is also an award-winning personality too.
Recently, she was referred by CNN as “Africa’s Starchitect” and The Guardian, U.K referred to her as “The Face of Architecture in Nigeria”. She anchors the “Voice of Change” radio show which is about leadership.
Olajumoke Adenowo is the CEO of and owns AD Consultin which is a boutique architecture and interior design company. She started the company at just 26 years old and the company has worked for renowned international brands, Coca-cola included.
Betty Irabor began as a freelance writer for ThisDay and Vanguard newspapers then she branched out into her own business.
Betty Irabor is the CEO of and the owner of Genevieve Magazine which is a well-respected magazine in Nigeria. She also founded Genevieve PinkBall Foundation which is famously reputed for always campaigning for breast cancer.
Uche Eze-Pedro is a popular blogger and social media influencer. She owns the popular http://www.bellaNaija.com which is a livestyle and fashion blog which has known for the fame and prestige of the persons feautured on the blog.
That’s the much we can take on the topic “Top 10 Famous Female Entrepreneurs in Nigeria 2019 & Net Worth”.
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