|Net Worth:||$1.5 billion|
|Full name:||Folorunso Alakija|
|Born:||15th July, 1951|
|Country of Origin:||Nigeria|
Folorunso Alakija’s net worth published by world renowned magazine Forbes, showed the Nigerian Oil tycoon as the richest black woman in world up until she was dethroned in 2018.
Folorunso Alakija overtook the American medial personality, Oprah Winfrey to become the wealthiest woman from African descent.
When asked about the business strategies implemented to see her fortune rise remarkably, Alakija was quick to play down any human intelligence, rather citing God as the giver of wealth.
The business Tycoon from the oil rich West African nation, Nigeria is popular for her Christian faith despite being born in a Muslim family
We shall discuss Folorunso Alakija net worth and how she made her wealth subsequently.
Before then, lets meet our personality of the day; Folorunso Alakija.
Who Is Folorunso Alakija?
Folorunso Alakija is a Nigerian business woman with refined entrepreneurial skills.
She is an oil and gas tycoon, fashion designer, and a philanthropist.
The Oil magnate is also the CEO of ‘Rose of Sharon Group,’ a Printing and Promotion company.
The oil magnate was born on July 15, 1951, in Ikorodu Lagos, Nigeria.
The Business woman was born in a polygamous family. Her father married 8 wives.
Folorunso is the 8th child of 52 children.
The oil magnate began her primary education in Lagos Nigeria, but travelled abroad UK, to continue her education when she was 7.
After her education in UK, she returned to her home country Nigeria to pursue a career.
She hunted for jobs and eventually got one as a secretary.
She didn’t fully settle in a white collar job, she wanted to start up a business of her own.
Then she ventured in fashion designing. She put up a fashion designing outfit called ‘Supreme Stitches’.
The boldness to quit a good paying white collar job to set up her personal business is an expression of Alakija’s zeal to become great.
In 1993, the business woman took a quantum leap in her career venturing into Oil and Gas.
Folorunso Alakija’s net worth increased immensely because of this decision she made.
Folorunso Alakija’s Net Worth 2018
Alakija has made most of her fortune from Oil and Gas Company, Famfa Oil Limited.
The Rose of Sharon Group also adds to Folorunso Alakija net worth.
Oil is her major source of wealth. In 2014, when the global oil price rose above $100 per barrel, there was a surge in Folorunso Alakija net worth making her the richest black woman.
In 2014, Folorunso Alakija’s net worth was $2.1 billion, making her the richest woman from African descent.
However, in the turn of 2015, the global oil price fell due to excess production of crude from members of OPEC.
Alakija’s Fortune tied majorly to Oil began to swindle.
The Oil price continued to fall through 2016 and 2017, falling as low as less than $40 per barrel at some point.
Folorunso Alakija net worth decreased correspondingly.
In spite of her lost, Folorunso remained atop on the rich list of women of African descent.
Folorunso Alakija’s net worth is estimated to be in the region of $1.58 billion in 2018.
In addition, she is currently the 3rd richest woman of African descent. She is also the 2nd richest woman in Africa.
Folorunso Alakija is by far the richest woman in the West African Oil rich Nigeria
Folorunso Alakija’s Family
Who is Folorunso Alakija’s Husband?
Modupe Alakija is the husband of billionaire business woman, Folorunso. The Alakija’s got married in 1976.
It is somewhat of a surprise to people that Folorunso has kept her marriage of more than 4 decades despite her wealth.
Modupe and Folorunso met at a party in Lagos, Nigeria. Folorunso had just returned from UK.
The party also had Folorunso’s elder brother and wife in attendants.
They had a table themselves, Modupe sighting Folorunso was without a man approached the young lady.
Folorunso’s elder brother was reportedly upset at Modupe’s advances.
But he later allowed the two and that would become the beginning of great things for the duo.
Folorunso is often used to exemplify modesty and humility in her country, Nigeria.
Her union with Modupe Alakija is blessed with four children, all male. The billionaire businesswoman always speaks about her family love.
Folorunso is never tired of speaking about her love for her husband.
She said even when the two are not together they always keep in touch.
Modupe is not just a husband to Folorunso. He is a partner and her best friend.
Folorunso Alakija’s Sons
The richest woman in Nigeria is no just blessed with abundant wealth, she is also blessed with 4 male adult children.
Three of her sons are married. Let’s meet her children.
Ladi is the first son of the Alakijas. The young man has shares in his mother’s business, Famfa Oil Limited.
Ladi also has investments outside the family business.
He is married to his heart rob, a Nigerian lady equally from a rich background.
His traditional wedding ceremony held a few years ago at a popular hotel in Lagos, Nigeria.
He later had a lavish white wedding ceremony in London, England.
Folarin is another son in the Alakija family.
The young man made headlines last year when he walked down the aisle in lavish wedding ceremony with his long-time girlfriend.
His wife is Iranian. Popular Magazines rated the wedding as one of the most expensive weddings by a Nigerian.
Folarin is also in the family business, he is a board member of Famfa Oil Limited.
Rotimi has been dubbed by persons close to the Alakija family to have the mother’s business DNA.
The young man is doing excellently well for himself.
The young man is blessed with business acumen just like the mother and he is currently into Real Estates.
Rotimi also has shares in Famfa Oil limited, being a board member of the Oil Company.
He is probably the richest amongst sons of the Alakijas’.
He was once named amongst the most promising investors in Real Estate by Daily Mail UK.
Rotimi is married to a lady from her country Nigeria named, Kike Fejemirokun.
Dele is reputed to have the humility and modesty of Folorunso. The young man is still unmarried.
He also has a stake in the family business.
Folorunso Alakija’s Houses
This family has mansions scattered all over Nigeria. Folorunso has houses in Lagos, Abuja etc.
She recently completed a mansion in Lagos, Nigeria. The house is said to be the most expensive house in Lagos, Nigeria.
The house was constructed by a German Company, Julius Berger. The bullet proof house takes the shape of an amphi theatre.
There is no clear estimate for the mansion as Folorunso likes to keep her dealings private.
The mansion has been estimated by surveyors to be worth in the region of $7 million.
Folorunso Alakija’s Cars
Fleets of luxury cars nest in the garage of the billionaire oil Tycoon.
The Alakija family have preference for SUVs. They have fleet of exotic SUVs like G- Wagon, Range Rover, Toyota Prado, etc.
A few years ago, Alakija made headlines when she ordered four newly released G-wagon for her sons.
Folorunso Alakija’s Contact
Folorunso Alakija is on various social media platforms. The billionaire business woman, is on Facebook, Twitter, LinkedIn etc.
Follow the Folorunso on Facebook;
Follow Folorunso on Twitter;
Follow Folorunso on LinkedIn
You can also contact her through her website
Folorunso Alakija has engraved her name in the rocks as one of the few female billionaires in the World.
She is remembered for her amazing works towards charity and building businesses.
For latest news on celebrity net worth and other events, we’re sure to keep you updated.
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