Alakija, 61, is worth at least $3.3 billion- contrary to a recent Forbes Magazine ranking which pegs her net worth at only $600 million. She is $500 million richer than media mogul, Oprah Winfrey
Folorunsho Alakija is the founder and owner of Famfa Oil, a Nigerian oil company which owns a 60 percent working interest in OML 127 that produces about 200,000 barrels a day.
Alakija, was born into a wealthy, polygamous Nigerian family. She started out her professional career in the mid 70s as a secretary at the now defunct International Merchant Bank of Nigeria, one of the country's earliest investment banks.
In the early 80s, Alakija quit her job and went on to study Fashion design in England, returning to Nigeria shortly afterwards to start Supreme Stitches, a premium Nigerian fashion label which catered exclusively to upscale clientele. The business thrived, and Alakija quickly made a tidy fortune selling high-end Nigerian clothing to fashionable wives of military bigwigs and society women.
Oil Prospecting License
In May 1993, Alakija applied for an allocation of an Oil Prospecting License (OPL). The license to explore for oil on a 617,000 acre block – (now referred to as OPL 216) was granted to Alakija's company, Famfa Limited. Click to signup for FREE news updates, latest information and hottest gists everyday
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unbelievable, wow!!! O_O, naija na wa o!
ReplyDeleteHard work & crown by the Grace of God.......She should not forget the poor around her.
ReplyDeleteNigeria will survive, nw dey lied about us. So she is wot $3.3b n forbes said $600 shame, so my ppl americans suck........
ReplyDeleteMadam is making so much why the staff receives peanuts ask them.
ReplyDeleteIncredible! What a courage
ReplyDeleteGood mother well done!
ReplyDeleteHer initial worth was USD600M and recently her worth turn USD3.3B. No lies
ReplyDeleteYou have said it...OIL! How does one suddenly own oil block?? It can only happen in naija! Oprah didn't have oil block in Texas or Nevada! Danjuma made $500m after Abacha dashed him oil block. No, this woman is NOT richer than Oprah. Oprah genuinely made her money but you can't say the same of this of this woman!
ReplyDeleteShe is a nice woman (first impression). Women should strive to get to the top. keep it up. The strenght of a woman is her ability to maintain a successful business and home.
ReplyDeleteTo 10:13,do you want her to pay her gateman 100,000 Naira and driver 70,000 Naira because she is making money for her self and her family. Now in Lagos house help want 30,000 monthly. You feed them,house them, and they don't pay light bill and the other. While white collar people don't get that kind of money. So
ReplyDeletePls I am happy for her and her sons.
Congratulation Madam I am proud of you as a Nigerian. Wishing you more success in life.
ReplyDelete