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
NigeriaSource of wealth
oilResidence
Lagos, NigeriaMarital status
MarriedBirth date
01/01/51 (age 73)Number of children
4Self-made
self-madeFolorunsho 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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