{"id":74172,"date":"2024-03-04T05:43:01","date_gmt":"2024-03-04T05:43:01","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/?p=74172"},"modified":"2024-03-04T05:43:01","modified_gmt":"2024-03-04T05:43:01","slug":"folorunsho-alakija-net-worth","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/folorunsho-alakija-net-worth\/","title":{"rendered":"Folorunsho Alakija Net Worth"},"content":{"rendered":"<table>\n<thead>\n<tr>\n<th>Net Worth<\/th>\n<th>Salary<\/th>\n<th>Birthdate<\/th>\n<th>Birthplace<\/th>\n<th>Gender<\/th>\n<th>Height<\/th>\n<th>Profession<\/th>\n<th>Nationality<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>$1 billion<\/td>\n<td>N\/A<\/td>\n<td>July 15, 1951<\/td>\n<td>Ikorodu, Lagos State, Nigeria<\/td>\n<td>Female<\/td>\n<td>N\/A<\/td>\n<td>Businesswoman, Philanthropist<\/td>\n<td>Nigerian<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/folorunsho-alakija-net-worth\/#What_is_Folorunsho_Alakijas_Net_Worth\" title=\"What is Folorunsho Alakija&#8217;s Net Worth?\">What is Folorunsho Alakija&#8217;s Net Worth?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/folorunsho-alakija-net-worth\/#Highlights\" title=\"Highlights\">Highlights<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/folorunsho-alakija-net-worth\/#Early_Life\" title=\"Early Life\">Early Life<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/folorunsho-alakija-net-worth\/#Career\" title=\"Career\">Career<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/folorunsho-alakija-net-worth\/#Personal_Life\" title=\"Personal Life\">Personal Life<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/folorunsho-alakija-net-worth\/#Net_Worth_Over_Time\" title=\"Net Worth Over Time\">Net Worth Over Time<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/folorunsho-alakija-net-worth\/#Components_of_Net_Worth\" title=\"Components of Net Worth\">Components of Net Worth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/folorunsho-alakija-net-worth\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Folorunsho_Alakijas_Net_Worth\"><\/span>What is Folorunsho Alakija&#8217;s Net Worth?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Folorunsho Alakija is a Nigerian businesswoman and philanthropist who has a net worth of $1 billion. She has accumulated her wealth through her involvement in various industries such as fashion, real estate, printing, and oil. Alakija serves as the group managing director of the Rose of Sharon Group and the executive vice chairman of Famfa Oil Limited. Additionally, she maintains a majority stake in DaySpring Property Development Company.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Highlights\"><\/span>Highlights<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&#8211; Folorunsho Alakija&#8217;s net worth is estimated to be $1 billion.<br \/>\n&#8211; She has made significant contributions to the fashion, real estate, printing, and oil industries.<br \/>\n&#8211; Alakija serves as the group managing director of the Rose of Sharon Group and the executive vice chairman of Famfa Oil Limited.<br \/>\n&#8211; She maintains a majority stake in DaySpring Property Development Company.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Early_Life\"><\/span>Early Life<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Folorunsho Alakija was born on July 15, 1951, in Ikorodu, Lagos State, Nigeria. She grew up in an upper-class family, with her father being Chief L. A. Ogbara. At a young age, she attended the Our Ladies of Apostles nursery school and later moved to the United Kingdom to attend the Dinorben School for Girls in Wales. After completing her studies there in 1963, she returned to Nigeria and attended Muslim High School in Sagamu, Ogun State. Alakija then pursued secretarial studies at Pitman&#8217;s Central College in London.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Career\"><\/span>Career<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Alakija&#8217;s professional career began as an executive secretary at Sijuade Enterprises in Lagos, Nigeria, in 1974. She later worked as an executive secretary at the First National Bank of Chicago and as the head of the Corporate Affairs Department at the International Merchant Bank of Nigeria. After around 12 years in the banking industry, she decided to pursue a career in fashion. Alakija enrolled at the American College in London and the Central School of Fashion before returning to Nigeria to establish her first fashion label, Supreme Stitches. She later rebranded the label as the Rose of Sharon House of Fashion and became the national president and trustee of the Fashion Designers Association of Nigeria.<\/p>\n<p>In 1993, Alakija applied for an oil prospecting license and was granted a license to explore on a 617,000-acre block of land southeast of Lagos through her company Famfa. She formed a joint venture agreement with Texaco subsidiary Star Deep Water Petroleum, which served as a technical adviser for her oil exploration. The venture struck oil, but the Nigerian government claimed a 40% stake in the asset. Despite a legal battle, Alakija&#8217;s patience and perseverance paid off, and she emerged victorious. Today, she is a prominent figure in the oil industry.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Personal_Life\"><\/span>Personal Life<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Folorunsho Alakija married lawyer Modupe Alakija in 1976, and they have four sons. The couple resides in Lagos. Additionally, Alakija&#8217;s nephew is recording artist and record producer DJ Xclusive.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Net_Worth_Over_Time\"><\/span>Net Worth Over Time<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Alakija&#8217;s net worth has experienced significant growth throughout her career. From humble beginnings as an executive secretary to becoming one of the wealthiest black women in the world, her entrepreneurial ventures in fashion and oil have propelled her financial success. Today, her net worth is estimated to be $1 billion.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Components_of_Net_Worth\"><\/span>Components of Net Worth<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Alakija&#8217;s net worth primarily stems from her various business ventures. She has investments in the fashion, real estate, printing, and oil industries, which have contributed to her wealth. As the group managing director of the Rose of Sharon Group, the executive vice chairman of Famfa Oil Limited, and the majority stakeholder in DaySpring Property Development Company, she has built a diverse and profitable portfolio.<\/p>\n<p>In addition to her for-profit endeavors, Alakija has demonstrated a commitment to philanthropy through her Rose of Sharon Foundation. She assists orphans and widows through grants and scholarships, and has donated to the Yaba College of Technology in Lagos for the creation of a skills acquisition center.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Folorunsho Alakija&#8217;s journey from being an executive secretary to becoming a billionaire businesswoman and philanthropist is a testament to her hard work, determination, and entrepreneurial spirit. Through her ventures in fashion, real estate, printing, and oil, she has amassed a considerable net worth. Alakija&#8217;s success serves as an inspiration for aspiring entrepreneurs and showcases the potential for financial growth and impact in various industries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Net Worth Salary Birthdate Birthplace Gender Height Profession Nationality $1 billion N\/A July 15, 1951 Ikorodu, Lagos State, Nigeria Female N\/A Businesswoman, Philanthropist Nigerian What is Folorunsho Alakija&#8217;s Net Worth? Folorunsho Alakija is a Nigerian businesswoman and philanthropist who has a net worth of $1 billion. She has accumulated her wealth through her involvement in &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Folorunsho Alakija Net Worth\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/folorunsho-alakija-net-worth\/#more-74172\">Read more<span class=\"screen-reader-text\">Folorunsho Alakija Net Worth<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86278],"tags":[],"class_list":["post-74172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-net-worth","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Folorunsho Alakija Net Worth<\/title>\n<meta name=\"description\" content=\"Net Worth Salary Birthdate Birthplace Gender Height Profession Nationality $1 billion N\/A July 15, 1951 Ikorodu, Lagos State, Nigeria Female N\/A\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/namso-gen.co\/blog\/folorunsho-alakija-net-worth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Folorunsho Alakija Net Worth\" \/>\n<meta property=\"og:description\" content=\"Net Worth Salary Birthdate Birthplace Gender Height Profession Nationality $1 billion N\/A July 15, 1951 Ikorodu, Lagos State, Nigeria Female N\/A\" \/>\n<meta property=\"og:url\" content=\"https:\/\/namso-gen.co\/blog\/folorunsho-alakija-net-worth\/\" \/>\n<meta property=\"og:site_name\" content=\"Namso Gen Blog - 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Free Credit Card Generator [100% Valid]"},"image":{"@id":"https:\/\/namso-gen.co\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/synchronyfinancial","https:\/\/twitter.com\/synchrony","https:\/\/www.youtube.com\/synchronyfinancial","https:\/\/www.instagram.com\/synchrony","https:\/\/www.linkedin.com\/company\/synchrony-financial"]},{"@type":"Person","@id":"https:\/\/namso-gen.co\/blog\/#\/schema\/person\/55e08edda39b951a65a03f87ebdab94d","name":"Jenna Weaver","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/namso-gen.co\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","caption":"Jenna Weaver"},"description":"Guest author Jenna Weaver has meticulously crafted and revised this article to the best of their knowledge and understanding. Readers are strongly advised to exercise caution, verify information independently, and rely on their own judgment when considering the information provided. Read more articles on Namso Gen here."}]}},"_links":{"self":[{"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/posts\/74172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/comments?post=74172"}],"version-history":[{"count":0,"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/posts\/74172\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/media\/107420"}],"wp:attachment":[{"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/media?parent=74172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/categories?post=74172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/tags?post=74172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}