Alakija Net Worth (Updated 2026).

Alakija, a Nigerian businesswoman, began her career in the fashion industry in the late 1970s, after studying fashion design at the American College in London. She started by creating and selling traditional Nigerian clothing, which caught the attention of high-profile clients, including the wife of the former military president of Nigeria.

Her unique designs and exceptional craftsmanship led to her opening her first fashion label, Supreme Stitches, in 1986. This marked the beginning of her rise to fame, as her designs were soon featured in prominent fashion shows and magazines, both locally and internationally.

Alakija’s Current Net Worth (2025)

As of 2025, Folorunso Alakija’s net worth is estimated to be around $1.2 billion, according to Forbes. This makes her one of the wealthiest individuals in Africa.

Career

Alakija began her career as a secretary in the early 1970s. She later transitioned into the fashion industry, founding Supreme Stitches, a thriving fashion label, in 1981. In 1993, she established Digital REVOLUTION (DREV), a computer applications company. Her most significant venture, however, is Famfa Oil, an oil exploration company she founded in 1993.

Other Ventures

Besides her core businesses, Alakija has invested in real estate, with properties in Nigeria and the UK. She is also a philanthropist, supporting education and women empowerment initiatives through her Rose of Sharon Foundation.

Assets

Alakija’s assets include a 60% stake in Famfa Oil, which has exploration licenses for several oil fields in Nigeria. She also owns a significant stake in the DaySpring Property Development Company and has investments in the financial services sector. Her real estate portfolio includes luxury properties in Lagos and London.

Annual Income

Alakija’s annual income is primarily derived from Famfa Oil. In 2020, the company’s revenue was reported to be around $100 million, although this figure can vary significantly from year to year depending on oil prices and production levels.

Frequently Asked Questions about  Alakija

**Frequently Asked Questions: Alakija Net Worth**

1. What is Alakija’s net worth?

Alakija’s net worth is estimated to be over $1 billion.

2. How did Alakija make her fortune?

Alakija made her fortune through her fashion and oil businesses. She started as a fashion designer, then ventured into the oil industry, where she became one of Nigeria’s first female billionaires.

3. What is her primary source of income?

Alakija’s primary source of income is her stake in Famfa Oil, a Nigerian oil exploration company.

4. How old is Alakija?

Alakija was born on November 15, 1951.

5. Where did Alakija grow up?

Alakija grew up in Lagos, Nigeria.

6. What is Alakija’s educational background?

Alakija studied fashion design at the American College in London.

7. What are some of Alakija’s philanthropic efforts?

Alakija is known for her philanthropic efforts, particularly in education and health. She has established the Rose of Sharon Foundation, which supports widows and orphans.

8. What is Alakija’s stance on women’s empowerment?

Alakija is a strong advocate for women’s empowerment. She often speaks about the importance of education and economic independence for women.

9. What awards has Alakija received?

Alakija has received numerous awards, including the Forbes Africa Person of the Year (2015) and the National Honour of Officer of the Order of the Niger (OON) in Nigeria.

10. What is Alakija’s advice for young entrepreneurs?

Alakija often advises young entrepreneurs to be persistent, believe in their dreams, and never give up despite challenges.