People & Business - The Turbulent Journey to Africa's Second Richest Woman Fortune
- 6 years ago
Folorunso Alakija (born July 15, 1951) is a Nigerian businesswoman, one of the richest African women, and one of the richest black women in the world.
In 2014, she temporarily unseated Oprah Winfrey as the richest woman of African descent in the world.
She is a business tycoon involved in the fashion, oil and printing industries.
She is the group managing director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited and the executive vice-chairman of Famfa Oil Limited.
Alakija is ranked by Forbes as the richest woman in Nigeria with an estimated net worth of $2.1 billion As of 2015, she is listed as the second most powerful woman in Africa after Ngozi Okonjo-Iweala and the 87th most powerful woman in the world by Forbes.
Folorunsho has a foundation called the Rose of Sharon Foundation that helps widows and orphans by empowering them through scholarships and business grants.
Her company is also a major sponsor of the Agbami medical and engineering scholarship scheme, one of the most reliable scholarship schemes in Nigeria with over a thousand people yearly as beneficiaries.
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.
The money was used to complete the construction of a 350 Seat Lecture Theater, which was named after her.
In 2014, she temporarily unseated Oprah Winfrey as the richest woman of African descent in the world.
She is a business tycoon involved in the fashion, oil and printing industries.
She is the group managing director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited and the executive vice-chairman of Famfa Oil Limited.
Alakija is ranked by Forbes as the richest woman in Nigeria with an estimated net worth of $2.1 billion As of 2015, she is listed as the second most powerful woman in Africa after Ngozi Okonjo-Iweala and the 87th most powerful woman in the world by Forbes.
Folorunsho has a foundation called the Rose of Sharon Foundation that helps widows and orphans by empowering them through scholarships and business grants.
Her company is also a major sponsor of the Agbami medical and engineering scholarship scheme, one of the most reliable scholarship schemes in Nigeria with over a thousand people yearly as beneficiaries.
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.
The money was used to complete the construction of a 350 Seat Lecture Theater, which was named after her.