Folorunsho Alakija Net Worth

Net Worth:$1 Billion
Date of Birth: July 15, 1951 (72 years old)
Gender:Female
Profession:Business magnate
Nationality:Nigeria

What is Folorunsho Alakija’s net worth? How does Folorunsho Alakija make her money? Below is the current net worth of Folorunsho Alakija and how Folorunsho Alakija makes her money.

What is Folorunsho Alakija’s Net Worth?

Folorunsho Alakija is a Nigerian philanthropist and businesswoman who has a net worth of $1 billion. She is involved in real estate, printing industries, fashion, and oil.

She is the executive vice-chairman of Famfa Oil Limited and the Managing Director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited, and Digital Reality Prints Limited.

Early Life

Folorunsho Alakija was in Ikorudu, in Lagos State on 15 july 1951. She was the daughter of Chief L. A. Ogbara and was raised in a high-class family.

Between 1955 – 1958, she enrolled in her nursery education at Our Ladies of Apostles, Lagos. Between 1959 and 1963, she traveled to the United Kingdom to continue her primary education at Dinorben School for Girls in Wales at the age of seven.

After she completed her primary education, she moved back to Nigeria where she was enrolled in a Muslim High School in Sagamu, Ogun State, Nigeria. After her studies, she relocated to England for her secretarial studies at Pitman’s Central College.

Career

After completing a Secretarial Course at Pitman’s Central College London, Folorunsho Alakija started her career as an executive secretary enterprise in 1974, Lagos state.

Thereafter, she moved to FinBank now acquired by FCMB which was formerly the First National Bank of  Chicago as the Executive Secretary to the Manager.

After her career in banking which was about 12 years lasted, She relocated to London to study fashion design at The American College in London and the Central School of Fashion after she discovered her passion for Fashion.

She started her first fashion label known as Supreme Stitches after she came back to Nigeria which was later renamed in 1996 to the Rose Of Sharon House of Fashion.

She applied for the allocation of an oil prospecting license in May 1993. The license to explore for oil on a 617,000-acre block—now referred to as OPL 216—was granted to Alakija’s company, Famfa Limited.

The Nigerian government claimed a 40% stake, followed by an additional 10% after they struck oil. She disputed the claim and won when the government argue that if she and her family were allowed to keep their bloc, they stood to make $10 million a day.

Personal Life

In November 1976, she married a lawyer, Modupe Alakija of the Adeyemo family. They stay in Lagos State, Nigeria. She is a mother of four sons and she has grandchildren. Folorunso’s son Folarin Alakija, married an Iranian model Nazanin Jafarian Ghaissarifar in a wedding at Blenheim Palace in England in June 2017. It was announced that it was one of the best expensive weddings in the world.

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While we always strive to ensure that our figures are as accurate as possible, please note that they are only estimates, unless otherwise indicated.

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