
She is involved in the fashion, oil, real estate and printing industries and also has a majority stake in DaySpring Property Development company. With a net worth of $1 billion, Alakija is ranked by Forbes as the richest woman in Nigeria.
We'd be seeing Folorunso Alakija's biography, date of birth, age, early life, family, parents, siblings, husband, children, education, entertainment career, net worth, houses, cars, social media handles and everything else you'd love to know about her.
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Folorunso Alakija Profile
Full name: Folorunso Alakija
Date of birth: 15th July, 1951
Age: 68 years old
Place of birth: Lagos State
Nationality: Nigerian
Education: Pitman's Central College, London
Marital status: Married
Spouse(s): Modupe Alakija
Children: Dele, Ladi, Rotimi, and Folarin
Occupation: Entrpreneur
Net worth: $2.1 billion
Folorunso Alakija Biography, Date Of Birth, Age, Early Life, Family And Education
At UK, she continued her primary education at Dinorben School for Girls in Hafodunos Hall in Llangernyw, Wales. On finishing primary school, she returned back to Nigeria for her secondary education at 'Muslim High School' in Sagamu, Ogun State.
After her SSCE, Alakija returned back to England for her secretarial studies at Pitman's Central College, London.
Career
Within a few years of running Rose of Sharon House of Fashion, it became a household name in Nigeria. While serving as the national president and lifelong trustee of the Fashion Designers Association of Nigeria (FADAN), Folorunso Alakija left an indelible mark, promoting Nigerian culture through fashion and style.
In 1993, she applied applied for the allocation of an oil prospecting license (OPL) to explore for oil on a 617,000-acre block and it was granted to her company, Famfa Limited.
In September, Alakija entered into a joint venture agreement with Star Deep Water Petroleum Limited (she also later appointed Star Deep as the technical adviser for the exploration of her license), transferring 40% of her 100% stake to Star Deep Waters Limited. Star Deep later sold 8% of the 40% shares to Petrobras, a Brazilian company.
Alakija started having issues with the government after striking oil. According to the information, the Nigerian government first snatched a 40% stake and an additional 10% stake from the company.
The case was in court for 12 years, as the Alakija family battled on getting the stake back. The government argument was that the Alakija family stood to make $10 million a day if they were allowed to keep the block.
Finally, after much persistence, Folorunso Alakija won the case.
In her words, 'We felt like it was unfair. We had taken the sole risk and invested everything we had in the business. It had become a family business. We spent six years as a family to ensure this worked out and now that it was bearing fruit, they just stepped in and took away everything we had struggled and worked extremely hard for. I said to myself, ‘Folorunsho Alakija does not give up, my husband does not give up and my children do not give up.'
Personal Life
She is also related to popular Nigerian disc jockey and recording artist, Rotimi Alakija popularly known as DJ Xclusive.
Alakija is a Christian and never hesitates in flaunting her religious doctrines online. In one instance, she was spotted with American pastor and televangelist, Joel Osteen in the United States.
Awards and Recognition
In 2014, Alakija ranked 96th in the Forbes list of the most powerful woman in the world. In May 2015, she made it again to the list but this time around, she ranked 86th.
Folorunso Alakija Net Worth
Social Media Handles
You can connect with Folorunso Alakija on:
Twitter @AlakijaOfficial
Facebook: Folorunso Alakija
Website: FolorunsoAlakija.com
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