Is the world's wealthiest woman a Nigerian?

Did you know that the world’s richest black woman comes from Nigeria?! Read this article and find out more about Folorunsho Alakija!

Folorunsho Alakija

Have you ever heard of Folorunsho Alakija? Right now this Nigerian woman is considered to be world’s richest black woman.

She is a businesswoman and a few years ago she was considered one of the most influential people in Africa. However, now she reached even more success.

She has made her fortune of the fashion industry. She also invested a lot in oil. Printing is one of her businesses too.

Folorunsho works in The Rose of Sharon Prints & Promotions Limited as a director and she is also the head of the Famfa Oil company.

She is considered to be the richest woman in Africa according to the latest news. The net worth of Alakija is now more than 7 billion dollars.

Therefore, she is one of the most powerful women in Nigeria and the whole Africa too.

Early years of Folorunsho Alakija

1951 was the year when the most successful businesswoman of Nigeria was born in Lagos state. When she was just a kid, Alakija was sent to United Kingdom by her parents to start school there.

She came to Wales and spent there several years of her life. However, after that Folorunsho came back to her motherland where she continued her studies as a high school student in a Muslim High School.

After she graduated, young woman decided to return to United Kingdom again. However, she chose England this time. London treated her good and she decided to major in fashion.

Folorunsho Alakija

Career of the richest black woman

The Nigerian businesswoman’s career started back in the 1970s. It was in Lagos where she was offered a job as an executive secretary.

But Folorunsho didn’t stop and continued to work on herself to become a more professional specialist. Therefore, few years later the businesswoman changed her workplace to the First National Bank of Chicago.

It was the last place where she worked before going for her own business. The first company she established was Supreme Stitches and it specialized on tailoring.

READ ALSO: Folorunsho Alakija: how old is the richest woman in Nigeria?

This investment of hers was very successful so after a while the company became famous not only in Nigeria but in the other countries too.

But later she finally made her dream come true and started working in the fashion industry.

In the 1990s Alakija decided to extend her area of interests and went for oil industry.

She figured it would be good investment, especially in the country where the production of oil is the most important source of income. Famga Limited was the name of the oil company that she established.

She has made a lot for the development of this industry. Thanks to her there were a lot of new factories opened and a lot of new blocks found.

Folorunsho Alakija

This is the reason why this businesswoman is so well-respected in Nigeria and in the entire world.

The way Folorunsho is doing business impresses every international representative who is visiting the country. Moreover, along with those jobs Alakija is also a chancellor in the university.

It makes her really special as she is the first woman ever to get this position. All in all, the world hasn’t known such a professional woman who can successfully combine so many different businesses.

Forbes and others

The first time when Folorunsho was recognized as a rich and influential person was 2 years ago.

She got in the list of the world’s most powerful women. In 2014 she was one of the hundred richest women but as the time passed her rank got only higher and higher.

Forbes moved the businesswoman about 10 positions up in the list!

Charity projects of Folorunsho

Except for the business affairs, this hard-working woman decided to help the others. That’s why she opened the Rose of Sharon Foundation that is supposed to give the financial help to those who are in need.

However, this organization mostly helps the kids who have grown up without their parents or those whose parents died. She wants them to have an opportunity to get a good education and well-paid jobs.

Folorunsho Alakija Scholarship Scheme is another project of the Nigerian businesswoman. It also gives out scholarships to those who are not able to pay for studying.

Folorunsho Alakija

Right now a lot of graduates are really grateful to Alakija for giving them a chance to have a happy life. This is the other reason why this woman is so loved and respected in Nigeria.

She really fights for the human rights and wants to provide equal conditions for every resident of the country. In her opinion, education is very important aspect for people to have a good quality of life.

A lot of Nigerian universities receive her donations that are meant to make the development of the education possible. She is really engaging young people to attend colleges too.

That’s why after all her efforts the Educational Council of Nigeria decided to offer her a position of the chairman in the university. While working for them, Folorunsho has made a huge impact.

Moreover, she was also trying to protect the architectural objects that have historical value. This is what a lot of professors are thankful to her for.

All in all, she has given hope for the bright future to the younger generation of Nigerians.

Folorunsho’s family

Right now the richest black woman has a husband Modupe Alakija. They have been married for about 40 years now. They have 4 children and even grandkids together.

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