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She is a Nigerian billionaire businesswoman, one of the richest African women, and one of the richest black women in the world. The drilling of the first Agbami well commenced on my birthday on the 15th of July, 1998. Folorunsho Alakija is Africa’s richest woman, with a net worth of $7.3 billion. Folorunsho Alakija net worth 2018 Today, Folorunsho Alakija is one Nigeria's billionaires and one of the wealthiest people in the world. She worked there for about 18 months before going into the banking industry. OML 127 is an offshore oil-field and Folorunso Alakija owns 60% shares in this company. She is the Executive Vice Chairman of Famfa Oil Limited (oil exploration and production company) and also Group Managing Director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited. She's the Executive Vice Chairman of Famfa Oil Limited (oil exploration and production company). She is involved in … Educated in Europe, she first embarked on a career in office administration, then she went into banking where she remained, until she took a leap of faith and followed her heart and creative … In collaboration with Texaco Nigeria Ltd (later taken over by Chevron Nigeria Ltd), it commenced full operations in 1996. The vision of the charity Organisation is to help widows and orphans through scholarships and business grants. To the Glory of God The God that made all this possible, who gives without adding sorrow, also used Famfa and its Agbami partners to give scholarships to almost 9,000 medical and engineering students nationwide. With a sincere desire to give to those in need in the name of the Lord, her philanthropic endeavours, such as the Rose of Sharon Foundation, continues to influence her native land positively by empowering widows and their families, as well as orphans, to be successful through educational programmes and scholarships. Folorunsho Alakija and her oil block. Folorunsho Alakija is vice chair of Famfa Oil, a Nigerian oil exploration company with a stake in Agbami Oilfield, a prolific offshore asset. A fashion icon with an infallible sense of style, friend indeed, a loving wife, a mother and doting grandmother. Visit CAC or write and inquire about the corporate filing for Famfa and tell them what you need to know. Folorunsho has the honour of being the richest woman of African descent in the world, having recently surpassed Oprah Winfrey. She has stated that she is very passionate about helping widows and orphans. She was born in Ikorodu, Lagos in 1951 to the first wife of Chief LA Ogbara, the head of a Muslim family noted for their financial supremacy. Educated in Europe, she first embarked on a career in office administration, then she went into banking where she remained, until she took a leap of faith and followed her heart and creative calling to establish her own business in the Nigerian fashion industry. Ever the entrepreneur, Mrs. Alakija has set up related businesses: The Rose of Sharon Prints & Promotions which specialized in monogramming, heat/picture transfer and screen printing for promotional and gift items later metamorphosed into Digitalreality Print Ltd. a dynamic businesswoman and philanthropist with a sincere desire to help the needy. She accepts many invitations to speak and is acclaimed, nationally and internationally, in recognition of all her philanthropic work and endeavours. From Famfa’s application for an oil licence in January 1991, it took 17 years to reach ‘first oil’ where production commenced from its 17 million year deposit ( A very risky venture that later paid off). We have also donated 21 chest clinics for the treatment of tuberculosis (TB) in 21 different states in Nigeria and 21 science laboratories in 21 different states (including 9 in the Niger Delta region and Lagos State). Expensive as it may sound, it didn't leave a dent in her fortune. They are dedicated to … Folorunsho Alakija is the second richest African woman and the third richest woman of African descent in the world. Her second corporate job was at the former First National Bank of Chicago now known as First City Monument Bank (FCMB). A fashion icon with an infallible sense of style, friend indeed, a loving wife, a mother and doting grandmother. Folorunsho Alakija is vice chair of Famfa Oil, a Nigerian oil exploration company with a stake in Agbami Oilfield, a prolific offshore asset and the richest woman in Nigeria with an estimated net worth of $1B (N363,000,000,000 or N363 billion), according to Forbes. Her fashion house “Supreme Stitches” rose to prominence almost immediately, and rebranded as “Rose of Sharon House of Fashion”, which laterbecame a household name. Folorunsho Alakija cars and private jet 4.1. I started my corporate career as a Secretary with Sijuade Enterprises at the prestigious Western House, Broad Street, Lagos shortly after completing a Secretarial Course at Pitman’s Central College London. In addition to these, we have donated 4 E-libraries and 2 school libraries in different states of the Federation.. We were not willing to compromise our standards. In a series of tweets, the billionaire revealed how her encounter with God caused an amazing transformation in her life. Folorunsho Alakija is a happy wife, mother of four sons, and grandmother. A real estate company where Folorunsho Alakija operates as the Vice Chairman. The company expanded into highly technical digital large format printing and also included a direct imaging paper printing press to coincide with her 60th birthday in July 2011. 4. Folorunsho Alakija is a name every person in Nigeria, Africa, and possibly the world is familiar with. In obedience to the word of God and working according to His will and purpose, Folorunso and her husband founded a house fellowship which has grown to become a full-fledged Christian Ministry known as the Rose of Sharon Glorious Ministry International. Folorunsho Alakija has played an important role in educating the masses in Nigeria. Famfa Oil's partners include Chevron and Petrobras. Please act like you received a University education, even if you never got one, for the sake of those here who find uneducated and unintelligent responses offending. Vision: We deploy the latest technology to provide QUALITY, TIMELY and AWESOME images which attract, excite and create lasting impressions. As an indigenous company, Famfa Oil made its first application for an oil exploration and production licence in 1991. More than one thousand people benefit from this scholarship scheme every year. Mrs Folorunsho (or Folorunso) Alakija is a Nigerian businesswoman and Nigeria’s first female billionaire with a net worth of $2.5 billion. Good Contents Are Everywhere, But Here, We Deliver The Best of The Best.Please Hold on. For the present day, Folorunsho Alakija gains her income being engaged in many industries and occupying high positions. His mother, who is number 80 on Forbes magazine’s global Power Women list, overtook Oprah Winfrey as the richest woman of African descent at the time Naza’s mother went bankrupt. A Nigerian business tycoon, Alakija has business interests in the fashion, oil and printing industries. She oversees the Rose of Sharon Group as the Group Managing Director and is also the Executive Vice Chairman of her family’s oil exploration and production business, FAMFA Oil Limited, seeing to its strategic planning and day to day administration. Read her words below. 4. She is the embodiment of a Christian entrepreneur. Folorunsho Alakija private jet. Educated in Europe, she first embarked on a career in office administration, then she went into banking where she remained, until she took a leap of faith and followed her heart and creative calling to establish her own business in the Nigerian fashion industry. Since giving her life to Christ in 1991, she preaches the gospel ceaselessly to anyone that cares to listen even in the … Folorunsho Alakija once declared that hers was not a rags to riches story as she has come from a rich family. Chevron and Petrobras are some of the partners of Famfa Oil. Mission: A sustainable brand that is best-in-class for everything within the space of printing. She has authored several books including, “Alone with God” (a free annual Christiandevotional), “University of Marriage” (A guide for married couple), “Growing with the Hand that Gives the Rose” (her autobiography), “The Cry of Widows and Orphans” (a sensitization material on the plights of widows and orphans), “His Name Is….” (A collection of over 3000 names of God), “Folorunso Alakija Speaks -An Inspirational Book for All” (A collection of Mrs. Alakija’s Speeches), “Folorunso Alakija Speaks -An Inspirational  Book for Christians” (A collection of the author’s Ministrations), “Wish for it? Mrs. Alakija is Nigeria’s first female billionaire and the founder of Famfa Oil, a Nigerian company that owns a substantial participating interest in OML 127. This is among the biggest scholarship schemes in Nigeria. In her speeches, as an encouragement to others, she reveals and introduces her covenant keeping God, even to those in the market place. A born again Christian since 1991, she draws her strength from her unfaltering belief in the, In obedience to the word of God and working according to His will and purpose, Folorunso and her husband founded a house fellowship which has grown to become a full-fledged Christian Ministry known as, She has authored several books including, “, (A collection of Mrs. Alakija’s Speeches), “Folorunso Alakija Speaks -An Inspirational Book for All”. With a net worth of $1 billion, Alakija is ranked by Forbes as the richest woman in Nigeria. The company’s oil field, OML 127 is said to produce 200 000 barrels daily. We later launched a one year promotional raffle to appreciate our loyal liens with a star prize of a car.​, Digital Reality Print Limited commenced its operation in September 2006 as a large format printing outfit. She is vice-chair of her company Famfa Oil. She is involved in the fashion, oil, real estate and printing industries and also has a majority stake in DaySpring Property Development company. Good Contents Are Everywhere, But Here, We Deliver The Best of The Best.Please Hold on! On 9 March 2016 she became the first female Chancellor (Osun State University) in Nigeria. See Also: Manufacturing Business Ideas You Can Start On A Small Scale. The most prominent member of the wider Alakija family is Folorunsho‘s nephew, Rotimi Alakija, better known by his stage name of DJ Xclusive. Folorunsho has 1 job listed on their profile. Folorunsho Alakija estimated net worth has no doubt made her the richest black woman in the world. Her first business was a tailoring company. She lives in Lagos, Nigeria with Modupe Alakija her beloved husband of over four decades, including four sons with their spouses and grandchildren. Pray for It” – (A  series of three books containing a collection of her favorite scriptures for Husbands, Wives, and Parents) and her latest book for single men and women, “Window Shop for your Spouse” (A practical guide for choosing the best spouse). It is interesting to know that Mrs Folorunsho also has a foundation called the Rose of Sharon Foundation. I later joined The First National Bank Of Chicago (today known as Finbank PLC) as the Executive Secretary to the Managing Director. The Executive Vice-Chairman of Famfa Oil Limited, Alakija is also the Group Managing Director of The Rose of Sharon Group. The recoverable reserves for the field would later be appraised to rank amongst the largest single finds in deep water West Africa. She sits atop Famfa Oil, a Nigerian oil company that owns a 60-percent stake in OML 127, one of Nigeria’s most prolific oil blocks located at Nigerian offshore Agbami deepwater field. Mrs. Folorunsho (or Folorunso) Alakija is a Nigerian businesswoman and Nigeria's first female billionaire with a net worth of $2.5 billion (March 2014). The Bombardier Global Express XRS worths around 46 million dollars (~₦16.7 billion). He had eight wives and 52 children. Her fashion house “Supreme Stitches” rose to prominence almost immediately, and rebranded as “Rose of Sharon House of Fashion”, which later, As National President and lifelong Trustee of the Fashion Designers Association of Nigeria (FADAN), she left an indelible mark, promoting Nigerian culture through fashion and style. With diligence and hard work, I became the new Head of the Corporate Affairs Department of the International Merchant Bank of Nigeria (Formerly First National Bank of Chicago) and subsequently, rose to the position of an Office Assistant to the Treasury Department. In the heart of Lagos, the Rose of Sharon Glorious Ministry International is home to an intimate congregation who meet every Tuesday for fellowship and prayer. Therefore, we switched to monogramming on readymade shirts, towels, bed sheets, Uniforms, table cloths and the like. Her wealth comes from her company, Famfa Oil. She applied for the licence to explore oil on a 617000 acre block which is now referred to as OPL 216. Mrs. Folorunsho Alakija is a dynamic Nigerian businesswoman and philanthropist. The Government of the day saw fit to forcefully “take” 50% of our company’s participating interest, but on the 22nd of May, 2012, after 12 long years in the law courts, Famfa’s shares were restored having gone through years of prayers and fasting. Dayspring Property Development Company is a real estate company. Folorunsho Alakija Net Worth. My return to Nigeria saw the birth of my first fashion label, Supreme Stiches which was later renamed The Rose Of Sharon House of Fashion in1996. The pastor's wife died on Sunday morning in her hotel room in Port Harcourt, where she was handling a project. Folorunsho Alakija is a Nigerian businesswoman, a pastor, one of the richest black women in the world, and a devout Christian. The exploratory well was 4,700 feet under water, the deepest water depth in Nigeria at the time. Folorunsho Alakija got her first job at Sijuade Enterprises in Lagos where she was a confidential secretary (1974). Nigerian female billionaire, Folorunsho Alakija has narrated how an oil block which was unwanted by other companies was allocated to her and how it turned out to be an uplifting for her. Folorunso Alakija (MRS) is a Nigerian entrepreneur and managing director of The Rose of Sharon Group. Naza’s background is in sharp contrast to that of her husband, who is the youngest of four sons of billionaires Modupe and Folorunsho Alakija, and studied geography at Imperial College London. In collaboration with Texaco Nigeria Ltd (later taken over by Chevron Nigeria Ltd), it commenced full operations in 1996. According to Forbes she is worth $1.1 billion. In 2014, the Dayspring Property Development Company that Folorunsho Alakija, one of Africa’s richest women Chairs completed their flagship mixed use development in Victoria Island, Rose of Sharon Tower. With the nature of her job, it's reasonable for her to buy her own jet due to the frequent traveling schedule. Folorunsho Alakija - $1bn (GHC5.8bn) She is the 20th billionaire in Africa and fourth in Nigeria. Values: Quality Services, Creativity and Innovation, Employee Empowerment and Development. Alakija accords all glory to God for all her achievements. Folorunsho and her partner, lawyer Modupe Alakija of the Adeyemo Alakija family, married in 1976. Apostle Folorunso Alakija is a dynamic businesswoman and philanthropist with a sincere desire to help the needy. Her oil company has shares in Agbami Oilfield, a very popular offshore company. View Folorunsho Alakija’s profile on LinkedIn, the world's largest professional community. Mrs. Alakija oversees her businesses and philanthropic enterprises working tirelessly and with boundless energy. The couple currently live in Lagos, Nigeria with their four sons and multiple grandchildren. As National President and lifelong Trustee of the Fashion Designers Association of Nigeria (FADAN), she left an indelible mark, promoting Nigerian culture through fashion and style. Folorunsho is very much into philanthropic work. While there is more than one A fashion icon with an infallible sense of style, friend indeed, a loving wife, a mother and doting grandmother. FOLORUNSO Alakija is a Vice Chairman of Famfa Oil Limited, a Nigerian Oil exploration company with a stake in Agbami Oilfield. In 2001, We started mass-producing tee-shirts and thus changed its name to The Rose of Sharon Prints and Promotions. She is a prolific philanthropist and member of numerous charities. Apostle Folorunso Alakija is a dynamic businesswoman and philanthropist with a sincere desire to help the needy. She follows her evangelical calling with unbridled devotion, hoping to inspire the public, most especially the youth and women from all walks of life by sharing her values and her motto: “whatever is worth doing at all is worth doing well” through motivational talks and speeches. Folorunsho Alakija’s company is also a huge sponsor of the Agbami medical & engineering scholarships scheme. She oversees several business endeavours such as: FAMFA Oil Limited, her family’s oil exploration and production business as the Vice Chairman, seeing to its strategic planning and day to day administration. Folorunsho Alakija Christian Life. Ever the entrepreneur, Mrs. Alakija has set up related businesses: The Rose of Sharon Prints & Promotions which specialized in monogramming, heat/picture transfer and screen printing for promotional and gift items later metamorphosed into, When reflecting on her achievements, Folorunso’s foremost reaction is always to give glory to God through Jesus Christ and to share the secrets of her success. A born again Christian since 1991, she draws her strength from her unfaltering belief in thepower and glory of God. Famfa Oil Ltd was founded in 1993. See the complete profile on LinkedIn and discover Folorunsho’s connections and jobs at similar companies. In 1993 Folorunsho joined the oil business and has been growing her wealth ever since. Legit.ng recalls that Ibidunni died on Sunday, June 14. Shortly after my career in the corporate world, I took up a new challenge driven by my passion for Fashion to study fashion design at The American College in London and the Central School of Fashion. Folorunsho Alakija house Famfa submitted its prospects and company profile to them and is on file for public inquiry. Mrs Alakija doesn’t like to show off her enormous wealth, but she still enjoys the benefits of being one of the richest people in Africa. I had a wonderful career spanning 12 years in the banking world. 2. Nigeria's richest woman Folorunso Alakija has mourned the demise of Pastor Ituah Ighodalo's wife, Ibidunni Ighodalo. In addition to these, Folorunso is the Executive Vice Chairman of Dayspring Property Development Company Limited, a real estate company. As an indigenous company, Famfa Oil made its first application for an oil exploration and production licence in 1991. Mrs. Folorunso Alakija is a dynamic Nigerian businesswoman and philanthropist. When reflecting on her achievements, Folorunso’s foremost reaction is always to give glory to God through Jesus Christ and to share the secrets of her success. Mrs Alakija, who is regarded as one of the richest black women in the world, founded the interdenominational ministry in 2004. Mrs. Folorunso Alakija is a dynamic businesswoman and philanthropist with a sincere desire to help the needy. Folorunsho Alakija’s net worth as rated by Forbes as at March, 2017 is $1.6 billion. She is a devout Christian with an evangelical calling. Folorunsho Alakija Get link; Facebook; Twitter; Pinterest ; Email; Other Apps; August 28, 2017 HOW WELL DO YOU KNOW THE RICHEST AFRICAN WOMAN IN THE WORLD.? She has 8 Honorary Degree Awards from universities in Nigeria and the United States of America, she is also the first female Chancellor of a Public University in Africa. A true family business with Mr Modupe Alakija (my husband) as its Chairman, I, the Executive Chairman and my four sons the Executive Directors. Folorunsho Alakija is also a philanthropist. 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