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Folorunsho Alakija, Nigerian Oil Billionaire Named Africa’s Richest Woman

folorunsho alakija

Nov 27, 2012 – Folorunsho Alakija, Nigerian Oil Billionaire Named Richest Woman In Africa

Meet the richest woman in Africa, a Nigerian Oil Billionaire by the name of Folorunsho Alakija.

The former fashion designer is now a billionaire who makes approximately 157 Million naira daily in her oil business empire.

Mrs Alakija is the executive Vice Chairman of Famfa Oil & Gas Limited in Nigeria.

According to Forbes Magazines Richest Africans’ list, Folorunsho Alakija currently worths $600 Million (94 Billion Naira) making her the richest woman in Africa.

Mrs Folorunsho Alakija is a happily married mother of four children.

folorunsho alakija husband

Folorunsho Alakija and husband

She is the president and founder of Rose Of Sharon Foundation, ROSF, a private not for profit organization that caters to the needs of widows and orphans in Nigeria.

rose of sharon foundation



  1. Stanlo Kennis Ale

    November 27, 2012 at 5:11 PM

    that is really good, lovely mother.up to nigeria ladys.

  2. Gina Nzubechukwu

    November 27, 2012 at 9:45 PM

    So happy for you!

  3. Kayode Augustine

    November 28, 2012 at 8:04 AM

    I wish to be greater than her

  4. Rossy

    November 28, 2012 at 10:43 AM

    God pls make me d way u made her d richest woman

  5. Nonso Ogidi

    November 28, 2012 at 12:02 PM

    That’s nice

  6. Akintola Olawale

    November 28, 2012 at 12:14 PM

    This is fantastic.

  7. Walata

    November 28, 2012 at 12:17 PM

    This is fantastic.Very inspirational.

  8. Roy

    November 28, 2012 at 2:40 PM

    This is a good one. I home those “home breaker” ladies are hearing this? instead, of poeple to concentrate in their business, they want concentrate on intruding into another persons home, in the bid to snatch husbands. See your mate during well here

  9. Joseph Chigozie

    November 28, 2012 at 2:43 PM

    It really shows that nigeria is the best in African, having both male and female rechest in Africa and at thesame time Nigeria is the poorest government… Big ups to Nigerians private sectors

  10. oluyemisi opeolu

    November 28, 2012 at 4:57 PM

    she is a very determined & inspired lady. She has proved the saying “hard work”pays off.

  11. Famuyiwa Teggar

    November 28, 2012 at 5:22 PM

    Am really happy for her,in next 10 years if nigeria does break,Nigeria will rule african again

  12. Tega Paul

    November 28, 2012 at 10:08 PM

    She is indeed an Iconic figure in Nigeria and Africa at large. May your good deeds continue!!!

  13. realist

    December 3, 2012 at 9:21 PM

    For some weird reason I can’t explain I am not inspired by her. I read an article about the sources of her wealth. She came from a wealthy background, is involved with oil and had deals with past military leaders and their wives, meaning she has unequal access and connections to making further wealth. I donno but I rather pick Oprahs story of rising from nothing any day anytime. Oprah gives me hope, its not just about the money.

    • Oluwaseun

      December 5, 2012 at 10:01 AM

      Lovely mother,caring mother.The lord will crown ur effort and thy Lord will reward u

  14. Charles Self

    December 6, 2012 at 12:12 AM

    Always knew African Brothers and Sisters would come to the forefront, the cream always rises to the top.

  15. Nana Amani

    December 6, 2012 at 1:14 AM

    It's great to see an African woman in such a positive light – considering the fact that Western media tends to portray a narrow-minded, negative view for the most part. Congrats to the richest Black woman alive!

  16. Ada Chukwu

    December 6, 2012 at 3:24 PM

    I love Nigeria….who would have thought.

  17. DeeDee

    December 6, 2012 at 4:47 PM

    Very well said Realist! You’ve got a strong point there. But all the same,I’m proud she’s a Nigerian.

  18. Mo

    December 6, 2012 at 5:04 PM

    The “quality” of the comments here is quite depressing. The only person who had anything deep to say so far is “realist”. All other comments are mundane, shallow, and show no insight whatsoever e.g. “God, make me like her”. “Always knew African brothers and sisters would come to the forefront” Sheesh!!! Because of ONE billionaire in a country with millions of people living beneath the poverty line???? How is this something to be proud of? This is not a personal attack on Alakija, but rather on the shallowness of people who equate the exorbitant wealth of ONE person with progress for the country, or who imagine that the world now looks at Nigeria with a positive light because it has managed to provide the world’s richest woman. I think we should rather be talking about how to address the stark and totally unacceptable contrasts in a country where the resources belonging to all make a few extremely rich, while the vast majority live in unbelievable penury!

    • Noah Richard

      January 16, 2013 at 11:20 AM

      Broother right his CEO is probly a poor working gay so this proves she’s just a greedy b**ch.

  19. AJ

    December 7, 2012 at 4:39 AM

    Well said, Mo. I couldn’t agree with you more.

  20. Satin Doll

    December 7, 2012 at 4:07 PM

    In reading Alakijo’s bio I noted that she is giving back through her charitable works. In the US whenever there is any community project going on the first people approached for financial help with the project are the well off and the rich.They donate. Look at the lists of contributors noted in the printed accolades.These people have worked hard for their success and should be applauded for it. It never ceases to amaze me how others attempt to spend other people’s money while they give nothing but lip service. Just think: if EVERYONE provided services either financial or service wise to the best that they are able there would be no poverty or uneducated.

  21. Feyi

    January 13, 2013 at 10:43 PM

    Sincerely am happy she is Nigerian, only wish  had d kind of upbringing and exposures she had while growing Up.Mayb  wud av also become the World richest black woman alive! ’v graduated for a while nw without any tangible job.D ‘resources dt belongs to all is making only d few extremely rich while d vast majority live in unbelievable penury’. The kind of connection she has bfre nw will always make her rich abeg.

  22. collins

    March 3, 2013 at 1:19 PM

    Men am so so hapy wit d woman and dangt bcos I know wit almight God jesus I must rich like them in a vry twink of eyes no matter how they ar started bt d truth is that poor ppl is two much is dis country nd some ppl ar deadly rich,is only God knows

  23. chukwuemeka

    April 29, 2013 at 2:51 PM

    Thanks to almighty God on her behalf,But wealth is in the mind and good work towards it, and it is possible to any one who believes, think and talks like it.its real and possible. sure it is.

  24. Mr simple

    July 30, 2013 at 7:20 AM

    I happy for her. let all Nigeria pray to GOD. To transform our Nation, so that it can well with us.

  25. Akanbi Timothy Abiodun

    August 9, 2013 at 9:39 AM

    I pray that one person like this will ris

  26. ade

    December 29, 2015 at 2:11 PM

    Am happy for you madam. I pray to be greater than you are IJN

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