Folorunsho Alakija Graces Forbes Africa Magazine Cover


Africa’s second richest woman, Mrs. Folorunsho Alakija is on the cover of the August 2016 edition of Forbes Africa.   covers Forbes Africa Magazine, August 2016 Edition.

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The executive vice chair of Famfa Oil, one of the largest deepwater oil discoveries in Nigeria with a joint partnership with international giants Chevron and Petrobras, has an estimated net worth of $2 billion, as of 2015.

Folorunsho Alakija’s rise to becoming the second richest woman of African decent and the fourth richest person in Nigeria came after an extraordinary fight with the Federal Government of Nigeria.

In her exclusive interview with Forbes Africa correspondent, Peace Hyde, Mrs. Alakija talks about her journey from a company secretary to building one of the most renowned fashion houses in Nigeria. She also talked about the experience that led her to ultimately take on the Nigerian government in an 11-year battle and win.

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The business tycoon is also the group managing director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited. In 2015, Folorunsho Alakija was listed by Forbes as the second most powerful woman in Africa after Ngozi Okonjo-Iweala and the 87th most powerful woman in the world.

Married to a lawyer, Modupe Alakija,  Folorunsho resides with her family of four children and grandchildren in Lagos. In a previous interview, the billionaire stated that her status in Africa’s economy does not change her role as a wife and mother, as she still does laundry at home.

In this interview with Forbes, she said that there were a lot of sleepless nights and battles and people kept asking why she and her partners could not be content with 10 percent. See more in the video below.

Folorunsho Alakija on Making Forbes (Watch)