Folorunsho Alakija Biography: Age, Net Worth, Instagram, Spouse, Height, Wiki, Parents, Siblings, Awards

May 30, 2024 0 Posted By Gift Nworie

Folorunsho Alakija, a prominent Nigerian businesswoman and philanthropist, holds the esteemed position of group managing director at The Rose of Sharon Group and serves as the executive vice chairman at Famfa Oil Limited.

Notably, she is also known for her marriage to billionaire Modupe Alakija. Her impressive career and contributions to various industries have solidified her reputation as a successful and influential figure in Nigeria.


  • Full name: Folorunsho Alakija
  • Stage name: Folorunsho Alakija
  • Born: July 15, 1951
  • Age: 72 years old.
  • Birthplace:  Nigeria
  • Nationality: Nigerian
  • Occupation: Businesswoman and Philanthropist
  • Height: N/A
  • Parents: L. A. Ogbara
  • Siblings: Hakeem Ogbara, Doyin Ogbara
  • Spouse: Modupe Alakija
  • Children: Folarin Alakija, Rotimi Alakija
  • Relationship: Married
  • Net worth: $1.55 billion

Early Life

 Folorunsho Alakija, a prominent Nigerian businesswoman and philanthropist, was born on July 15, 1951. She grew up in a large family; her father had eight wives and 52 children. Folorunso’s mother was the first wife in this expansive household, giving her a unique upbringing among numerous siblings.

This early exposure to such a large and diverse family structure likely significantly shaped Alakija’s future entrepreneurial endeavors and commitment to giving back to her community.


At age ten, Alakija embarked on a journey to the United Kingdom to pursue her education. She enrolled at Muslim High School in Shagamu, Nigeria, and later continued her studies in England at Pitman’s Central College in London, where she focused on secretarial studies.

This educational background helped shape Alakija’s career path and laid the foundation for her future success in business and entrepreneurship.


Starting her professional journey in 1974 as an executive secretary at Sijuade Enterprises in Lagos, Alakija quickly made her mark and transitioned to the banking sector.

Over 12 years, she held key positions such as Executive Secretary to the Managing Director at First National Bank of Chicago (later FCMB). Eventually, she climbed the corporate ladder to become the Head of Corporate Affairs at the International Merchant Bank of Nigeria.

This significant period in her career served as a strong foundation for her ventures across various industries, honing her business acumen and paving the way for future successes.

From 1986 to 1991, Alakija followed her passion for fashion by enrolling in prestigious institutions such as the American College and the Central School of Fashion in London. Upon returning to Nigeria, she established her “Supreme Stitches” fashion label, which eventually evolved into the well-known “Rose of Sharon House of Fashion.”

Alakija’s brand became a prominent player in the country’s fashion industry through her innovative designs and dedication to promoting Nigerian fashion. In addition to her entrepreneurial success, she also served as the National President of the Fashion Designers Association of Nigeria (FADAN), further solidifying her influence on the global fashion scene.

Folorunsho Alakija’s journey to success began in 1991 when she established Famfa Oil Limited. This marked the start of her remarkable career in the oil and gas industry. Through hard work and determination, she was granted an Oil Prospecting License (OPL) for a significant oil block in the Niger Delta, leading to a joint venture agreement with a Texaco subsidiary.

Today, Famfa Oil Limited plays a crucial role in Alakija’s success, solidifying her position as a prominent figure in the Nigerian oil sector. Her ability to excel in various fields serves as an inspiration to aspiring entrepreneurs worldwide. 

Awards and nominations


  • The Sun Award: Humanitarian Service This award acknowledges her philanthropic efforts
  • ELOY Recognition Award for Outstanding Role in Empowering Women This award recognized her work towards empowering women.


  • She is currently nominated for the Africa Heritage Awards, which celebrates African accomplishments globally. 

Social Media

  • Instagram handle: @alakijaofficial
  • Facebook handle: Folorunsho Alakija
  • Twitter handle: @alakijaofficial

Personal Life

Folorunsho Alakija, a prominent Nigerian businesswoman, is married to Modupe Alakija, a professional lawyer. Together, they have raised a family of four sons and have the joy of being grandparents. Their home is in Lagos, Nigeria, where they enjoy spending time with their loved ones.

One of their sons, Folarin Alakija, gained media attention in 2017 when he tied the knot with Iranian model Nazanin Jafarian Ghaissarifar in a lavish ceremony. The event was widely covered for its luxury and extravagance, making it a focal point of discussion in various media outlets.

Net Worth

Folorunsho Alakija, a well-known Nigerian entrepreneur and generous philanthropist, currently holds the prestigious role of group managing director at The Rose of Sharon Group and serves as the executive vice chairman at Famfa Oil Limited.

Her estimated net worth is an impressive 1.55 billion dollars, a testament to her success and influence in the business world. Through her hard work and dedication, Alakija has become a notable figure in Nigeria’s business community and has used her wealth to make a positive impact through various philanthropic endeavors.

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