Check out how much Folorunsho Alakija Net Worth is currently. Folorunsho Alakija is a Nigerian oil magnate who has been able to build an empire of wealth via her activities in the lucrative sector that has actually built a large number of Nigerians that currently occupies the billionaire category. Mrs. Alakija is the executive vice-chairman of Famfa Oil Limited. She is a billionaire, one of the richest persons in the world, and she is also regarded as the second richest woman in Africa.
Apart from her exploits in the business world, Folorunsho Alakija is also a wife (she has been married to Modupe Alakija, a lawyer, for decades now), a mother (of four grown-up boys), and a philanthropist who keeps giving money to promote good causes.
Folorunsho Alakija Net Worth In Dollars 2020
- Full Name: Folorunsho Alakija
- Date of Birth: 15th July 1951
- Spouse: Modupe Alakija
- Net Worth: $1 Billion
- Occupation: Entrepreneur
- Nationality: Nigerian
- Tribe: Yoruba
Folorunso Alakija Biography/Wiki
Folorunsho was given birth to in Lagos State into a well-to-do family in 1951, and her family status played some role in her level of success. She was provided with some necessary things (including relevant education) that helped her grew to the top. Alakija actually rose from a lowly position to become the group managing director of The Rose of Sharon Group. The Group has an interest in several sectors in the country, and are doing pretty well.
The woman also sits as the executive vice-chairman of Famfa Oil Limited. The oil firm is the real deal as far as her wealth is concerned. This is the sector that transformed her financial life and revenue. It was what shot her to the top and made her a real money woman. Additionally, Folorunsho has proven that she loves God.
She was taken to the United Kingdom where she attended Dinorben School for Girls. Her secondary school was here at home -Muslim High School (located in Ogun State). Afterward, she traveled back to Britain to study at Pitman’s Central College in London.
Impressively, along the line, Folorunsho, having seen that she is cut for fashion, chose to study at the Central School of Fashion, where she was able to learn new things, ideas, and skills. She proved adequately that once one discovered an interest in something, the next thing is to do all that can be done to develop oneself by learning more (knowledge is pretty powerful).
After accumulating a lot of knowledge in Britain, she returned to her home country and started working at Sijuade Enterprises in Lagos State. The place was one of the prominent organizations at the time. And so, she started as an executive secretary (that was in 1974).
After some time, Alakija chose to work with a bank in Nigeria, and after leaving Sijuade Enterprises, she moved to a bank that used to be known as First National Bank of Chicago.
One noticeable thing is that she remains interested in fashion, and it seems she has made up her mind to become an entrepreneur even while working in those co-operations. Therefore, Alakija decided to start Supreme Stitches. Since she is good already as far as tailoring skills is concerned, she then found her balance with no big issues.
Supreme Stitches could grow into a huge firm because of some factors. We should note now that Folorunsho has had an education in fashion abroad, and so, that gave her useful exposure and advantages of some sort. At some point, her clients became the big wigs in the society.
She was connected to opportunities that linked her to the oil sector (which is very lucrative in Nigeria). She took the step to apply for an OPL in the year 1993, and after various tussles, Alakija was given her desire, and Famfa Limited came into the scene.
In 1996, she became partners with Star Deep Water Petroleum Limited (of Texaco) and both worked together to achieve some common aims. The result was that Folorunsho began to experience an increase in her wealth, that, at this point, she became one of the, not just richest, but most powerful women in the world at large.
One interesting thing that can’t be ignored is how she had been blessed with both material things and people (especially family). For some women, the success of some sort came with a turbulent relationship that leads to singleness. But not for Alakija, as she has been married to her husband (Modupe Alakija, who is a lawyer), since 1976. Her marriage didn’t hinder her drive and didn’t obstruct her success. She has a healthy home and family, alongside a very successful career.
The duo’s marriage is blessed with four lovely children – all-boys (Folarin Alakija, Rotimi Alakija, Dele Alakija, and Ladi Alakija).
For the billionaire, her family is everything to her, and she places more value on them than any other material thing. Definitely, managing a successful home and a successful business is not too easy, but for Alakija, God has been faithful and good (remember we stated earlier that she is a lover of God who doesn’t hesitate to speak about Jesus Christ at any slight opportunity).
Life As A Billionaire
The woman remains one of the billionaires in the world and has been able to spread her tentacles around different areas. There are various people (especially women) in Nigeria who look up to her as a model that should be emulated.
While making comments on life as a billionaire, Alakija admitted that although money has the capacity to bring about changes in people, it couldn’t change her from being who she is (like it did to some others).
One thing about her (even in her interviews) is how she keeps attributing her success to God. She made known, at an instance, how she entered a covenant with God for blessings of God (and to, on her own part, keep walking with Him all the days of her life).
As a billionaire, she, many years ago, was not thinking she could get that far (because her background is humble enough). She simply wants to be in business and has the confidence of being successful. Mrs. Folorunsho, who stated that she enjoys being busy, also discard the possibility of playing partisan politics even though many females are now getting bolder to enter politics. Since she is not meant to be a politician, she opted to focus on things she found interesting and cool.
Her business helps to keep her fit in various regards (mind and body). As a billionaire (a professional businesswoman and a mother and wife), it hasn’t been too easy combining various things together. However, she made known how she is now getting better and better.
Folorunsho Alakija Networth
So, how much is she worth? Actually, Mrs. Folorunsho has been ranked by Forbes as the richest woman in Nigeria (she has been dominating for some time now). According to reports, she is worth up to $1 billion.
A woman like that is a pretty powerful woman. In fact, Forbes agreed that indeed, she is the second most powerful woman in the continent of Africa.
She has various properties in Nigeria and abroad. She is a proud owner of several exotic buildings that are located in different parts of the world.
Indeed, in Nigeria, there are several very rich women. However, not many are billionaires. In fact, one of the things that distinguished her from the numerous pack is the fact that she owns a private jet (it is known that not many can boast of having one in the country). She has a lot of money to easily get stuff that she needs, and as the richest woman in the country, splashing something close to $50 million to get a private aircraft is not much of a problem. With that, it gets easier for her to move around the country and the world swiftly without being burdened by cases of flight cancellations and other disappointing stuff, for business meetings.
That’s all on Folorunsho Alakija Net Worth and Biography.
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