When it comes to the world of business, it is vastly considered to be a male-dominated field. However, there are someone women who have made a mark in business. And one such woman is Folorunsho Alakija. She is from Nigeria and is the group managing director of The Rose of Sharon Group. Folorunsho Alakija is the daughter of Chief L. A Ogbara. She was born in 1951 in Ikorodu, Nigeria. She got her initial education from Dinorben Schoool for Girls which is located in Wales, United Kingdom. After attending school in the United Kingdom for a few years, she returned to Nigeria and went to the Muslim High School Sagamu Ogun State. After completing her school, Folorunsho Alakija once again went to the UK in order to get
After completing her school, Folorunsho Alakija once again went to the UK in order to get higher education. She attended the Pitman’s Central College in London. She also attended the American College in London and Central School of Fashion in order to study fashion designing. The educational qualification laid the foundation for Folorunsho Alakija net worth. Here are the details of her wealth and how she earned it.
Table of Contents
What is Folorunsho Alakija Net Worth?
The net worth of Folorunsho Alakija is $1.6 billion. She is the richest woman in Africa. She is the group managing director of The Rose of Sharon Group and has earned her wealth through her oil, printing, and fashion businesses.
This massive net worth of Folorunsho Alakija makes her the richest African women. On one hand, she has had massive success in her business ventures. And on the other hand, she has made her mark in various other roles. She is the lifelong trustee and the national president of the Fashion Designers Association of Nigeria. Folorunsho Alakija has played a key role in the promotion of Nigerian Culture. She has effectively used style and fashion for promoting Nigerian Culture all over the world. Folorunsho Alakija is also the chancellor of the Osun State University in Nigeria.
How Did Folorunsho Alakija Become Rich?
Folorunsho Alakija started her professional career in the year 1974 after she had completed her education. She of from the position of executive secretary at the Sijuade Enterprises in Lagos, Nigeria. A Few years later she moved to the First National Bank of Chicago and worked there for a while. Then Folorunsho Alakija finally decided to start her own business.
Folorunsho Alakija First Business
The first business was Folorunsho Alakija was a tailoring company. The name of the company was Supreme Stitches. Due to high quality and excellent designs the company became very successful within a matter of few years. The company was later named as Sharon House of Fashion.
Folorunsho Alakija Oil Business
Folorunsho Alakija jumped into the Oil Business in May 1993. By then Folorunsho Alakija net worth was already in millions of dollars thanks to her fashion business. She acquired a license for the exploration of oil on 617,000 acres of land. Her oil business was also quite successful and later on, she partnered with a company named Star Deep.
Folorunsho Alakija Lifestyle
Having perhaps, one of the most luxurious lifestyles in not only Africa but entire world, Folorunsho Alakija resides in Lagos in Nigeria. She lives with her husband, Modupe Alakija who is a lawyer by profession. She got married to Modupe Alakija in 1976. The couple has 7 children. She and her husband live with their 4 sons.
Other than being very active in business, Folorunsho Alakija is also very active in philanthropic activities. Folorunsho Alakija net worth has allowed the African billionaire business woman to do a lot of charity work. She has her own philanthropic foundation by the name of Rose of Sharon Foundation. This foundation helps orphans and widows by giving them business grants and scholarships. Folorunsho Alakija’s company is also a huge sponsor of Agbami medical & engineering scholarships scheme. This is among the biggest scholarship schemes in Nigeria. More than one thousand people benefit from this scholarship scheme every year. Folorunsho Alakija has played an important role in educating the masses in Nigeria.
Folorunsho Alakija was appointed the vice-chairman of the National Heritage Council & Endowment for the Arts body. The goal of the body is to ensure the conservation and protection of the objects and places having heritage significance in Nigeria.
Folorunsho Alakija House
The fact that Folorunsho Alakija net worth is one of the highest in Africa has ensured that she has one of the most luxurious houses in Africa. The billionaire businesswoman resided in Lagos, Nigeria with her husband. The house has all the modern amenities of life including a swimming pool and an indoor gym.
In addition, to owning properties in Nigeria, Folorunsho Alakija also owns a number of properties in other parts of the world. She has a beautiful house in London as well. And she also has apartments in London.
Folorunsho Alakija Private Jet
As you would expect, Folorunsho Alakija’s time is very important and she does not like to waste it by traveling through regular airlines. So the billionaire businesswoman has bought a private jet. According to media reports, Folorunsho Alakija private jet model is Bombardier Global Express XRS. The estimated price of this business jet is around $50 million.
Folorunsho Alakija Cars
Just like many other billionaires in the world, Folorunsho Alakija’s garage is full of expensive luxury cars. The billionaire entrepreneur recently bought four Mercedes-Benz G-Wagons. The price tag of a Mercedes G-Wagon is around $114,000. Other than that she has a number of luxury sedans in her and her families use.
Folorunsho Alakija is a role model for not only African women but women all over the world. Folorunsho Alakija net worth and her career is very inspirational. She has proven that with the right education, business acumen and hard work one can achieve great things. Folorunsho Alakija is one of the richest women in the world and her net worth is likely to increase further in coming years.