Courtesy of Africa CEO Forum

1105: Folorunshu Alakija

Most Wealthy Nigerian Woman in the World

Born: 15 July 1951, Ikorodu, Nigeria

Folorunshu’s net worth was estimated at $2.5 Billion (USD) in 2014, but as of 2021 she is estimated to have a net worth of right around $1 Billion (USD).

She makes her money from fashion, oil, real estate, and printing industries and her money is largely self-made.

Folorunshu was born into a family with several children in Nigeria, but she was educated partly in the United Kingdom.

Folorunshu is vice-chair of Famfa Oil. Famfa’s partners include Chevron and Petrobas. Folorunshu is also vice chairman of other real estate and printing businesses as well.

Folorunshu was also the first woman to be appointed Chancellor of a public university in Africa. She has even authored various books including an autobiography.

She is married and has four children.