Nigerian female Billionaire, Folorunsho Alakija has been displaced as the world's richest black woman according to Forbes.
She was replaced by Isabel dos Santos, the oldest daughter of Angolan President Jose Eduardo Dos Santos.
Isabel has been buying more shares of publicly traded companies in Portugal, including shares in a bank and a cable TV company. Those stakes, combined with assets Isabel dos Santos owns in at least one bank in Angola, have pushed her net worth over the $1 billion mark, making the 40-year-old Africa’s first woman billionaire.
Folorunsho is still the richest woman in Nigeria, no doubt about that!