Folorunsho Alakija Net Worth
Folorunsho Alakija net worth: Folorunsho Alakija is a Nigerian businesswoman and philanthropist who has a net worth of $2.5 billion dollars. Folorunsho Alakija was born in Ikorodu, Lagos State, and moved to the UK to attend boarding school when she was seven. She then returned to Nigeria to attend high school, and then went back to London to attend Pitman's Central College, the American College London, and the Central School of Fashion. She began her professional career as an Executive Secretary in Lagos, Nigeria, while simultaneously launching her own tailoring business. Her company flourished, and she went on to become the National President and a Trustee for the Fashion Designers Association of Nigeria. In the early 90s, she applied for a license to begin prospecting for oil. It turns out, the plot of land she was granted was sitting on over 1 billion barrels of potential oil. She owns 60% of the drilling venture that is off the coast of Nigeria. Star Deep Water Petroleum Limited, a Texaco company, and Petrobras, a Brazilian company, own the rest of the drilling operation. After the billion barrels were discovered, the Nigerian government attempted to take the land grant back. A 12 year legal battle ensued that reached all the way to the Supreme Court of Nigeria. Folorunsho was victorious and her patience was rewarded handsomely. As soon as the legal verdict came down, Folorunsho was instantly worth billions of dollars. Today, Folorunsho Alakija is currently one of the richest black women on the planet. She is the Chief Matron of Africa's Young Entrepreneurs.