Folorunsho Alakija is a 61 year who is worth about
$3.3 billion and is the current richest black woman. She is $500 million
richer than Oprah Winfrey who is the former richest black woman.
Oprah’s wealth as estimated by Forbes magazine was $2.7 billion
in September.
Folorunsho Alakija is one of two women who made it to Forbes magazine list of Africa’s 40 Richest. She ranked 24th with a net worth of $ 600 Million from the oil sector.
Alakija was born into a wealthy,
polygamous home; her father had 8 wives and 52 children in his lifetime.
According to Alakija, she sometimes felt that her father was stricter
to her than to her 51 siblings. Regardless, she lovingly remembers her
parents’ investment in education and cultural upbringing that continue
to shape her till today. She started her career journey as a banking
executive then turned to a fashion designer and ended up as an oil
magnate…speaking of a successful mixture of banking, fashion and oil.
The now married mother of four grown-up sons is the founder and owner of Famfa
Oil, a Nigerian oil company which owns a 60% working interest in OML
127, an offshore oil field which produces 200,000 barrels of oil
per day. An incomplete list of what she owns include a £64M flat in One
Hyde Park, London and a $46 million private jet - a Bombardier Global Express 6000, which she purchased earlier this year.
When asked on how she manages to combine marriage and affluence Alakija said: “Money
has nothing to do with love. Love comes from within. Money is something
you acquire along the line. Only love keeps people together. From the
time that we started courting, it has been like that, and we thank God
that to His glory, we’ve known one another for 40 years. I pray also
that God continues to unite us. I believe that if love is the foundation
of a union, God will prove Himself faithful.”
And when asked if she ever finds time to go into the kitchen amidst her busy schedule; Alikija replied;“Absolutely!
Just yesterday, I still cooked beans for my church fellowship members. I
always cook when my husband is in the country. I’ve had cooks for
years, but there’s always a difference when you add your own personal
touch.”
The African Economist congratulates Madam Folorunsho Alakija, as we
continue to celebrate and highlight African innovative, entrepreneurial
spirit and the returns that come from hard work.
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