Folorunsho Alakija’s profile picture

Folorunsho Alakija

Folorunsho Alakija’s profile picture
Net worth 2018: $1.7 Billion
Industry: Energy
Residence: Lagos, Nigeria
Country: Nigeria
BirthDay: 1951
Children: 4
BIOGRAPHY

Folorunsho Alakija was bornon 1951 in Lagos, Nigeria, Nigeria. Folorunsho Alakija is #1523 in List Billionaires People In The World. Folorunsho Alakija is vice chair of Famfa Oil, a Nigerian oil exploration company with a stake in Agbami oil field, a prolific offshore asset. Famfa Oil's partners include Chevron and Petrobras. Alakija's first company was a fashion label whose customers included the wife of former Nigerian president Ibrahim Babangida. The Nigerian government awarded Alakija's company an oil prospecting license in 1993, which was later converted to an oil mining lease. The Agbami field has been operating since 2008; Famfa Oil says it will likely operate through 2024.

NET WORTH STATISTIC
2014

$2.5 Billion

2015

$2 Billion

2016

$1.6 Billion

2017

$1.6 Billion

2018

$1.7 Billion

TIMELINE
2016

On 9 March 2016 she became the first female Chancellor (Osun State University) in Nigeria

2015

In May 2015 two Nigerian women, Finance Minister Ngozi Okonjo-Iweala and Alakija were listed among the world's 100 most powerful women according to Forbes

2014

Mrs Alakija is a fervent supporter of education in Nigeria; for example in 2014 she donated a substantial amount of money to Ibrahim Badamasi Babangida University Lapai, the Niger State University

2013

On 1 July 2013, the federal government of Nigeria inaugurated the National Heritage Council and Endowment for the Arts and appointed Alakija as vice-chairman of the body

1996

In September 1996, she entered into a joint venture agreement with Star Deep Water Petroleum Limited (a wholly owned subsidiary of Texaco) and appointed the company as a technical adviser for the exploration of the license, transferring 40 percent of her 100 percent stake to Star Deep

1993

In May 1993, Folorunsho applied for the allocation of an oil prospecting license (OPL)

1976

Folorunsho married a lawyer, Modupe Alakija in November 1976

1974

Folorunsho started her career in 1974 as an executive secretary at Sijuade Enterprises, Lagos, Nigeria

1951

Folorunsho was born in 1951 to the family of Chief L

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