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Folorunsho Alakija is one of the richest people in the world, and in fact, she is ranked as the second richest woman in the whole continent of Africa.
There are a lot of things to learn from this woman, and we will take the time to highlight them in the article.
Who is Folorunsho Alakija?
- Full Name: Folorunsho Alakija
- Year of Birth:July 15, 1951
- Nationality: Nigerian
- Tribe: Yoruba
- Spouse: Modupe Alakija
Biography of Folorunsho Alakija
She was born in year 1951 in Lagos State, South-West Nigeria. She rose from the scratch to become the group managing director of “The Rose of Sharon Group, a conglomerate of various ventures including The Rose of Sharon Prints & Promotions Limited.
Alakija is also the executive vice-chairman of Famfa Oil Limited, the firm in the sector that gives her the most money. This beautiful woman is a lover of God and she is highly educated.
She has been traveling from a young age. She got her primary school education at Dinorben School for Girls in the United Kingdom, before returning to Nigeria for her secondary school education (at Muslim High School in Ogun State).
After this, she left again for the United Kingdom where she studied at Pitman’s Central College in London. When she discovered her love for fashion, she proceeded to increase her knowledge at the Central School of Fashion.
Folorunsho came back to Nigeria to settle, and she first worked with Sijuade Enterprises, Lagos in 1974 as an executive secretary. After this, she moved into the banking industry to work with now defunct First National Bank of Chicago.
Still with a huge interest in fashion, Folorunsho took the leap to start her own firm – Supreme Stitches, taking advantage of her tailoring skills.
Due to various factors (we can say her enlightened exposure and connections), her firm grew popular, and she was being patronised by various persons.
Not being complacent, Folorunsho Alakija decided to go into the oil industry, and the step started when she applied for the allocation of an oil prospecting license (OPL) in 1993.
Fortunately for her, and after a lot of tussles, she was eventually granted, and her oil company became known as Famfa Limited.
Folorunsho entered a partnership with Star Deep Water Petroleum Limited (a wholly-owned subsidiary of Texaco) in 1996, via a joint venture agreement, and both began to work together, helping her to grow her wealth, that, in 2014, Forbes made her the 96th most powerful woman in the world.
Folorunsho Alakija Family: Husband And Children
She got married to her husband in 1976, and it is superb to note that despite her power and wealth, she still retains a happy home.
Her husband is a lawyer known as Modupe Alakija, and their union has been blessed with four boys – Folarin Alakija, Rotimi Alakija, Dele Alakija, and Ladi Alakija.
Speaking about her role as a mother and a wife, she made known how her family meant everything to her, and how she won’t dare trade them for anything in the world.
She acknowledged that there were challenges raising her children and taking care of her family, but she added that God has been helping all through, and she remains grateful to the Creator.
Folorunsho Alakija As A Billionaire
She is one of the billionaires in the world, and her height remains a dream for many others.
While giving a glimpse into life as a billionaire, she stated that money actually has the ability to change people. However, as far as she is concerned, the money she has wasn’t able to change her into sometimes else, like it did to some.
In her words, Mrs Folorunsho Alakija said:
“My encounter with the glory of God. When I got to my wit’s end, I covenanted with God for blessings in return for a lifelong work and walk with Him.
“To say that I did not see His Glory come into my life would mean I have turned God into a liar.
“It is only God who could have brought me from the back burner to the front burner.”
She said she never knew she would got to the current position she currently is, as her background is quite humble. However, she admitted to the fact that she has always known she will become a businesswoman. According to her, she was aware that God has plans for her to be successful, but she never thought it will become this much.
About the possibility of joining politics, Folorunsho said she is not interested in that, even though many women are now participating in politics in recent times.
According to her, she would prefer to focus on other things that she is interested in as God has not called her into politics.
Mrs Alakija said she likes to be busy, for it helps her keep fit both in mind and body.
Even though it hasn’t been too easy for her to keep doing various things, she confessed that she is faring better because she has been able to strike a balance through the years.
Folorunsho Alakija Networth
This woman has been ranked by Forbes as the richest woman in the country as things stand now, and she is with an estimated net worth of $2.1 billion.
With such amount of money, it isn’t surprising that she was made the second most powerful woman in Africa by Forbes.
Folorunsho Alakija own numerous landed properties both in Nigeria and outside this shores.
She is also the owner of the most expensive residential building in the continent of Africa as a whole – which is located in Lagos State (a two-minute walk from Lagos Lagoon and Omenka gallery.)
Also, in Nigeria currently, it is a known thing that a lot of people can’t boast of having a private jet (not to talk about a woman for that matter).
But then, when there is money, one can easily get what they desire to get, which is the case with Folorunsho Alakija too.
The richest woman in Nigeria can boast of having a private jet that is worth about $46 million dollars.