When people talk about the richest women in Nigeria and Africa, Folorunsho Alakija is always at the top of the list. She is a highly respected businesswoman, philanthropist, and one of the most successful entrepreneurs on the continent.
This article gives you a complete breakdown of Folorunsho Alakija’s net worth in naira and dollars in 2025, her biography, the companies she owns, her investments, and how she built her wealth.
If you’ve ever wondered about her exact net worth, the story of her businesses, and her journey to success, this guide covers everything you need to know.
Who is Folorunsho Alakija? – Biography
Folorunsho Alakija is a Nigerian businesswoman and one of the wealthiest black women in the world. She is known for her success in the oil and gas industry, fashion, real estate, and philanthropy.
She was born on July 15, 1951, in Ikorodu, Lagos State, Nigeria. She started her career as a secretary in a bank but later pursued her passion for fashion. She founded one of Nigeria’s first high-end fashion labels before moving into the oil industry.
Her determination, vision, and ability to spot opportunities have helped her rise to the top in male-dominated industries.
How Did Folorunsho Alakija Make Her Money?
Folorunsho Alakija’s wealth comes from several successful ventures. Her main sources of income include:
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Oil and gas exploration and production through her company Famfa Oil.
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Investments in real estate across Nigeria and abroad.
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Profits from her former fashion business, Supreme Stitches.
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Stakeholdings and partnerships in other sectors such as printing and telecommunications.
Her biggest breakthrough came when her company, Famfa Oil, acquired a lucrative oil license in the 1990s, which turned out to be one of the richest oil fields in Africa.
Folorunsho Alakija Net Worth in 2025 – In Naira and Dollars
In 2025, Folorunsho Alakija’s net worth is estimated to be around:
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₦1.1 trillion naira
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$750 million dollars
These figures are based on her stake in Famfa Oil, her real estate portfolio, and other investments.
How Folorunsho Alakija’s Net Worth is Calculated
Since much of her wealth is tied up in private companies and properties, her net worth is estimated by analyzing:
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The value of her stake in Famfa Oil.
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Her properties in high-value locations like Lagos, Abuja, and abroad.
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Revenue from her other businesses and investments.
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Public records of her philanthropic contributions and declared assets.
These estimates are conservative to reflect realistic values without exaggeration.
Folorunsho Alakija’s Companies and Businesses
Folorunsho Alakija owns or has owned several companies in different industries. Below are her most notable businesses:
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Famfa Oil Limited – Her flagship company, which owns part of the Agbami oil field, one of Nigeria’s largest.
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Rose of Sharon House of Fashion (formerly Supreme Stitches) – Her fashion business that made her famous in the 1980s.
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Rose of Sharon Prints & Promotions – A printing company.
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Rose of Sharon Real Estate – A real estate company with properties in prime locations.
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Philanthropy through the Rose of Sharon Foundation – Focused on helping widows and orphans.
These companies have been key to her success and continue to generate significant income.
Folorunsho Alakija’s Assets
Apart from her businesses, Folorunsho Alakija also owns luxury assets, including:
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Mansions in Lagos, Abuja, London, and other cities.
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A fleet of luxury cars such as Rolls Royce, Bentley, and Mercedes Benz.
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Private jets for business and personal travel.
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Expensive jewelry and designer clothing collections.
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Art collections and antique valuables.
These assets showcase her taste for luxury as well as her ability to invest wisely.
Folorunsho Alakija’s Philanthropy
Folorunsho Alakija is not just known for her wealth but also for her generosity. Through her foundation, she supports many charitable causes:
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Providing scholarships for underprivileged children.
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Financial aid and empowerment programs for widows.
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Supporting orphanages and healthcare initiatives.
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Funding churches and religious projects.
Her dedication to giving back has earned her respect both in Nigeria and internationally.
Comparison: Folorunsho Alakija and Other Nigerian Billionaires
Here’s how Folorunsho Alakija compares to other top Nigerian billionaires in 2025:
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Aliko Dangote: over $12 billion
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Abdul Samad Rabiu: about $7 billion
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Mike Adenuga: around $6 billion
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Folorunsho Alakija: about $750 million
While she may not be the richest, she remains one of the most inspiring, particularly as a woman succeeding in male-dominated industries.
Challenges Faced by Folorunsho Alakija
Despite her success, she has faced challenges such as:
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Legal battles over oil field ownership.
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Criticism from media and competitors.
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Navigating Nigeria’s tough business environment.
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Staying competitive in volatile industries.
She overcame these through determination and smart business strategies.
Folorunsho Alakija’s Lifestyle
Folorunsho Alakija is known for her modest yet elegant lifestyle. She often wears traditional Nigerian outfits and is deeply religious. She prefers to spend her time with family, in church, and on philanthropic work rather than in the public eye.
Career Lessons From Folorunsho Alakija
If you want to learn from Folorunsho Alakija’s journey, here are some valuable lessons:
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Believe in your vision and never give up.
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Diversify your investments to reduce risks.
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Identify and seize opportunities, even in tough industries.
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Use your wealth to help others and make an impact.
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Stay humble and grounded despite your success.
Folorunsho Alakija Net Worth Summary Table (2025)
| Category | Details |
|---|---|
| Estimated Net Worth (₦) | ₦1.1 trillion |
| Estimated Net Worth ($) | $750 million |
| Primary Businesses | Oil, fashion, real estate, printing |
| Major Assets | Homes, cars, private jets, art |
| Philanthropy Areas | Education, widows, healthcare, religion |
| Lifestyle | Modest, traditional, philanthropic |
Final Thoughts
Folorunsho Alakija’s story is one of hard work, faith, and vision. Her net worth in naira and dollars in 2025 reflects her ability to turn opportunities into wealth while maintaining her values.
Her success shows that women can thrive in any industry, even those considered male-dominated. Whether you are looking for inspiration, business lessons, or simply curious about her life, Folorunsho Alakija remains an iconic figure in Nigeria’s business world.
Frequently Asked Questions
Q: How much is Folorunsho Alakija worth in 2025?
A: Around ₦1.1 trillion naira or $750 million dollars.
Q: What is Folorunsho Alakija’s main source of wealth?
A: Her main source of wealth is her stake in Famfa Oil, along with real estate and other investments.
Q: Does Folorunsho Alakija own a private jet?
A: Yes, she owns private jets as part of her assets.
Q: Is Folorunsho Alakija richer than Dangote?
A: No, Aliko Dangote remains Nigeria’s richest, but she is the wealthiest woman in the country.
Q: Does Folorunsho Alakija do charity work?
A: Yes, through the Rose of Sharon Foundation, she supports widows, orphans, and education initiatives.