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Oprah Winfrey has reportedly been unseated as the world’s richest black woman.

According to a report published by Ventures Africa, an African business magazine and news service, the new title holder is Nigerian fashion designer and oil tycoon Folorunsho Alakija, who is worth an estimated $3.3 billion. That’s $500 million richer than Winfrey, whose wealth Forbes magazine estimated at $2.7 billion in September.

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