Folorunsho Alakija

$1.01B
as of 03/29/22

About Folorunsho Alakija

Folorunsho Alakija is vice chair of Famfa Oil, a Nigerian oil exploration company with a stake in Agbami Oilfield, a prolific offshore asset.

Famfa Oil has partnered with Chevron.

Alakija's first company was a fashion label whose customers included the wife of former Nigerian president Ibrahim Babangida.

The Nigerian government awarded Alakija's company an oil prospecting license in 1993, which was later converted to an oil mining lease.

The Agbami field has been operating since 2008; Famfa Oil says it will likely operate through 2024.

Personal stats

Citizenship

Nigeria

Source of wealth

oil

Residence

Lagos, Nigeria

Marital status

Married

Birth date

01/01/51 (age 73)

Number of children

4

Self-made

self-made

Folorunsho Alakija’s fortune is worth

17K

troy ounces of gold

16K

median U.S. household

10K

median U.S. income

0.02%

U.S. credit card volume

0.004%

GDP of the United States

0.003%

United States debt

Net worth history

Annual ranking

Net worth over time

Real-time ranking

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