For some people, Africa is simply synonymous with poverty. However, you should know that there are actually Africans who are vehemently wealthy. One of such is Mrs Alakija.
Folorunsho is a Nigerian businesswoman and entrepreneur. She is currently Africa's wealthiest woman.
Folorunsho Alakija, the executive vice chairman of FAMFA Oil Limited and the Managing Director of Rose of Sharon Group, was previously the wealthiest black woman in the world before being dethroned by media mogul Oprah Winfrey.
When discussing Folorunsho Alakija's biography, we can't help but bring up the subject of Folorunsho Alakija's net worth. Nonetheless, we should note that before this woman ascended to the position she now has, she demonstrated considerable bravery, as she is a person who refuses to back down when she is on the right track.
Mrs Alakija is currently mentioned on Forbes with other extremely wealthy businesspeople such as Aliko Dangote, Mike Adenuga, and others. She is a one-of-a-kind woman. A lovely lady who is both God-fearing and humble. She is an accomplished businesswoman as well as a mother and wife.
Name: Folorunsho Alakija
Date of Birth: 15th of July, 1951
Place of Birth: Lagos State
Net Worth: $1.5b,
Folorunsho Alakija
Folorunsho Alakija was born in the Ikorodu district of Lagos State, Nigeria, on July 15, 1951. Her father is a successful businessman with multiple spouses and children (she actually has 51 siblings).
She was sent to Dinorben School for Girls in Harfodunos Hall, Llangernyw, Wales, as a young girl for her elementary school education. She returned to the country for her high school education before continuing her schooling in London (at Pitman's Central College, London) for her secretarial studies.
She decided to pursue a degree in Design Designing at the American College in London and the Central School of Fashion before returning to Nigeria since she was interested in fashion. So there was "fashion money" before there was "oil money."
In November of 1976, Folorunsho Alakija married Mr Modupe Alakija, a lawyer. Folorunsho Alakija has four children (four sons and grandchildren) and currently resides in Lagos with her family.
Folorunsho Alakija Net Worth
Folorunsho Alakija's net worth is estimated to be approximately $1.5 billion, making her Nigeria's richest woman at the moment.
Folorunsho Alakija Business Journey
This woman didn't arrive at her position of wealth by accident; she had to work hard to get there.
In the year 1974, she began her professional career with Sijuade Enterprises in Lagos.
Later, she worked at First National Bank of Chicago (renamed FinBank) - which was later acquired by First City Monument Bank - before leaving to pursue her passion for fashion.
Alakija founded Supreme Stitches, a garment design studio that swiftly became a national brand. It was then renamed ‘Rose of Sharon House of Fashion,' and she collaborated with prominent members of society.
She started working in oil and gas exploration and development in May 1993. (a lucrative sector in the country). Folorunsho was given an Oil Prospecting License (OPL) to begin oil exploration on a 617,000-acre block called as OPL 216 in the central Niger Delta's Agbami Field. She formed a joint venture with Star Deep Water Petroleum Limited three years later, and the woman then named Star Deep as her technical consultant for the exploration of her license.
On March 9th, 2016, Mrs Folorunsho Alakija was named Chancellor of Osun State University. In fact, she holds the distinction of being the country's first female chancellor.
Folorunsho Alakija’s Companies
The following is a list of her businesses:
- Rose of Sharon Fashion House
A fashion house that looks after both men and women's appearances.
- FAMFA Oil Limited
This is a prominent channel that is putting a lot of money into her account. It's her family's oil and gas company.
Rose of Sharon Prints and Promotions
This is a monogramming printing company that prints on pre-made items like shirts and towels.Digital Reality Print Limited
This firm excels in both design and offset printing.
- Dayspring Property Development Company Limited
This is a firm that specializes in real estate.
A Devoted Christian, Folorunsho Alakija
Interestingly, unlike some other affluent people, Folorunsho Alakija still has a strong spiritual connection with God. In reality, she is a multibillionaire who attributes all of her accomplishments to God.
One thing about her that is obvious is that she is a committed Christian with an evangelical calling. She came to faith in Christ in 1991 and has been preaching the gospel of Jesus Christ ever since. In reality, she and her husband founded Rose of Sharon Glorious Ministry International, a house fellowship that grew into a ministry.
As a philanthropist, Folorunsho Alakija
Folusho Alakija is also attractive because she gives back to society through her organization, Rose of Sharon Foundation. She is especially drawn to widows and orphans.
Mrs Alakija donated a large sum of money to the completion of a 350-seat lecture theatre building at Ibrahim Babangida University in Lapai, Niger State University, in 2014.
Folorunso Alakija As A Writer
She's also the author of a number of excellent works, including:
- When you're alone with God
This is a free daily devotional guide that is issued every year to assist believers in their spiritual growth on a daily basis.
University of Marriage – Your Textbook for a successful Marriage
Growing with the Hand that Gives the Rose
The Cry of Widows and Orphans
His Name is (this is actually a book that contains over 2,000 names of God in different languages. It helps we Christians to know the God we are serving and to pass the name on to upcoming generations)
Folorunsho Alakija Speaks – An Inspirational Book for all
Wish for it? Pray for It (Scriptures for Wives)
Thanks for reading
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