Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking - Business

Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking (19913 Views)

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Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by AnonPoet(op): 8:36pm On Mar 19

Nigerian billionaire entrepreneur Folorunso Alakija has been ranked the second richest woman in Africa in the latest list released by Forbes, reaffirming her position as one of the continent’s most powerful business figures.

With an estimated net worth exceeding $1 billion, Alakija has maintained her status as the richest woman in Nigeria for several years. Her wealth stems largely from her investments in the oil and gas sector, alongside ventures in fashion printing and real estate.

She is the founder and managing director of Rose of Sharon Group, a diversified conglomerate with interests spanning multiple key industries.

Leading the ranking is Angolan business magnate Isabel dos Santos, whose fortune is estimated at $2.2 billion. Nigerian entrepreneur Bola Shagaya occupies the third position with an estimated net worth of $630 million.

The ranking underscores the rising economic influence of women across Africa, particularly in sectors such as energy, finance, and manufacturing. Notably, South Africa recorded the highest number of entries, with six women featured on the list, highlighting its strong presence in the continent’s business landscape.

According to Forbes, the list focuses on women with a minimum net worth of $10 million, celebrating those who have not only built significant wealth but also contributed meaningfully to economic development in their respective countries.

Born on July 15, 1951, in Ikorodu, Lagos State, Alakija has built a formidable reputation through decades of strategic investments and entrepreneurship. Her journey from the fashion industry to becoming a key player in Nigeria’s oil and gas sector reflects resilience, innovation, and sharp business acumen.

Beyond her business success, she is also widely recognized for her philanthropic work, supporting initiatives in education, healthcare, and community development.

Alakija’s continued presence among Africa’s wealthiest women highlights her enduring influence and the growing role of female entrepreneurs in shaping the continent’s economic future.

https://applesbite.com/folorunso-alakija-emerges-as-africas-second-richest-woman-in-latest-forbes-ranking/

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by eliwa47(m): 4:56am On Mar 20

Great she's always in the fore front, a woman of substance, a powerful figure in the continent.

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by aariwa(m): 5:03am On Mar 20*

What has the Forbes ranking done for her community ? Last week emoney completed completed a 10 kilometer road for his community joining hundreds of others doing for their communities what the failed government couldn’t do…no be by mouth or forb listing but by making your community a better place and increasing opportunities for others . Last year alone mighty mighty umuchu built and donated more than 100 bungalows to people in his community, Bishop ozubulu is tarring roads the whole of his community like crazy with street lights, instigator PH built 10 kilometers road and donated to his community, Clann Chief Vintage Nwaogugu donated more than 400 pieces of keke and many grinding machines to women to empower his community in Mbaise , Go abiriba, mbaise Wawa land and other communities, the story is the same and none of them is on foops magazine and countless other silent community developers doing their job in silence without any noise

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by Berankis: 5:14am On Mar 20

aariwa:
What has the Forbes ranking done for her community ? Last week emoney completed completed a 10 kilometer road for his community joining hundreds of others doing for their communities what the failed government couldn’t do…no be by mouth or forb listing but by making your community a better place and increasing opportunities for others . Last year alone mighty might umuchu built and donated more than 100 bungalows to his community, Bishop ozubulu is tarring the whole of his community like crazy with street lights, instigator PH built 10 kilometers road and donated to his community, Go abiriba, mbaise and other communities, the story is the same and none of them is on foops magazine

I think there is also danger in doing things in the community that the Government ought to have done. Nigerians are special people, them no get shame. They will happily welcome all of you to come and use your personal money while they continue to siphon and embezzle public funds given to them for the same purpose.
What we need to do is put a lot of pressure on them to continue to force them to work like never before.

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by DeepSight(m): 5:15am On Mar 20

You mean Isabel Dos Santos has not yet had all her assets seized?

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by atobs4real(m): 5:16am On Mar 20

Nice one but yet to reconcile with his husband. Money without family peace. Wait, who family peace help?

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by Fuckyoumod: 5:24am On Mar 20

Good for her, hope she is impacting on lives, leaving a history of legacy of empowerment to her community and others who are not so fortunate like her? No be by having all the money in the world ooh.

Because, all this money, last last, na others wey she no know go still chop am when she is no more.

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by Ibadanfarmroad: 5:24am On Mar 20

Jagabanfromcali:
lol since when is being gifted an oil block an act of extra ordinary entrepreneurship

liar, she bought the oil block, the oil block was written off previously but she bought it and spent billions and collaborated with international firm to start drilling oil there and the subsequent govt came and water to take it back from her, that case lingered for over 10 year and she came out victorious.

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by Ibadanfarmroad: 5:25am On Mar 20

Fun fact: Mrs Alakija is richer than every Igbo man that has ever existed on earth.

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by DMCA: 5:49am On Mar 20

I go like to eat snail from her grand children farm walahi cool

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by ijayalolo: 5:49am On Mar 20

aariwa:
What has the Forbes ranking done for her community ? Last week emoney completed completed a 10 kilometer road for his community joining hundreds of others doing for their communities what the failed government couldn’t do…no be by mouth or forb listing but by making your community a better place and increasing opportunities for others . Last year alone mighty mighty umuchu built and donated more than 100 bungalows to people in his community, Bishop ozubulu is tarring roads the whole of his community like crazy with street lights, instigator PH built 10 kilometers road and donated to his community, Clann Chief Vintage Nwaogugu donated more than 400 pieces of keke and many grinding machines to women to empower his community in Mbaise , Go abiriba, mbaise Wawa land and other communities, the story is the same and none of them is on foops magazine and countless other silent community developers doing their job in silence without any noise

You for do small research before this plenty talk wey nobody ask you so

Check out: Rose of Sharon Foundation and Flourish Africa initiative

Thank you for your attention to this matter

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by Image123(m): 5:51am On Mar 20

Isn't that my dear evangelist?

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by Omoboricash(m): 5:54am On Mar 20*

aariwa:
What has the Forbes ranking done for her community ? Last week emoney completed completed a 10 kilometer road for his community joining hundreds of others doing for their communities what the failed government couldn’t do…no be by mouth or forb listing but by making your community a better place and increasing opportunities for others . Last year alone mighty mighty umuchu built and donated more than 100 bungalows to people in his community, Bishop ozubulu is tarring roads the whole of his community like crazy with street lights, instigator PH built 10 kilometers road and donated to his community, Clann Chief Vintage Nwaogugu donated more than 400 pieces of keke and many grinding machines to women to empower his community in Mbaise , Go abiriba, mbaise Wawa land and other communities, the story is the same and none of them is on foops magazine and countless other silent community developers doing their job in silence without any noise

She is not the type that makes noise but her philantrophy work speak volume of her

Alakija Hospital in UNIOSUN is a state-of-the-art medical research and training hospital donated by Folorunso Alakija, the Chancellor of Osun State University, worth ₦34 billion. The hospital has a 250-bed capacity, 20 clinical departments, and 5 non-clinical departments, with facilities like advanced diagnostic imaging equipment, operating theatres, and intensive care units. It was commissioned in December 2025 and aims to enhance medical education, research, and healthcare delivery in Nigeria.

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by walosky(m): 5:58am On Mar 20

Who is she and was has she done or contributed to the growth of her hometown or Nigeria?

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by ijayalolo: 6:03am On Mar 20

Omoboricash:
She is not type that makes noise but her philantrophy work speak volume of her

Alakija Hospital in UNIOSUN is a state-of-the-art medical research and training hospital donated by Folorunso Alakija, the Chancellor of Osun State University, worth ₦34 billion. The hospital has a 250-bed capacity, 20 clinical departments, and 5 non-clinical departments, with facilities like advanced diagnostic imaging equipment, operating theatres, and intensive care units. It was commissioned in December 2025 and aims to enhance medical education, research, and healthcare delivery in Nigeria.

You can see his bigotry showing in full display. He knows practically nothing about the woman yet he started measuring and mentioning names nobody sent him. If he adds all the money those he is mentioning spent altogether is it up to just almost 10,000 people she has sponsored on schorlarship from secondary school till university graduation. and that's just 1 out of other numerous ones. A simple google check would have stopped him from displaying his ignorance for the world to see.

Thank you for your attention to this matter

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by ProudlyLagos: 6:04am On Mar 20

AnonPoet:
https://applesbite.com/folorunso-alakija-emerges-as-africas-second-richest-woman-in-latest-forbes-ranking/

still can’t sight the names of billionaires, ndi money nah water people…….a Yoruba woman occupying both second and third, even more richer than all the men in billionaires region………indeed yoruba lagba……we no be anybody mate grin

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by ProudlyLagos: 6:09am On Mar 20

aariwa:
What has the Forbes ranking done for her community ? Last week emoney completed completed a 10 kilometer road for his community joining hundreds of others doing for their communities what the failed government couldn’t do…no be by mouth or forb listing but by making your community a better place and increasing opportunities for others . Last year alone mighty mighty umuchu built and donated more than 100 bungalows to people in his community, Bishop ozubulu is tarring roads the whole of his community like crazy with street lights, instigator PH built 10 kilometers road and donated to his community, Clann Chief Vintage Nwaogugu donated more than 400 pieces of keke and many grinding machines to women to empower his community in Mbaise , Go abiriba, mbaise Wawa land and other communities, the story is the same and none of them is on foops magazine and countless other silent community developers doing their job in silence without any noise

😂😂😂ignorance is bliss……google the Alakija teaching hospital that was just built and commissioned in osun state and so many philanthropist gesture and project she as carried out…….you think everything is by noise?😂😂😂 no be only Emoney…..,.,where are all your acclaimed billionaires? Even with all the noise, not even one ever featured in Forbes list……ndi empty noise makers and chest beaters😂😂

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by tiger28: 6:09am On Mar 20

;DMoney na Water huh

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by tollyboy5(m): 6:10am On Mar 20

aariwa:
What has the Forbes ranking done for her community ? Last week emoney completed completed a 10 kilometer road for his community joining hundreds of others doing for their communities what the failed government couldn’t do…no be by mouth or forb listing but by making your community a better place and increasing opportunities for others . Last year alone mighty mighty umuchu built and donated more than 100 bungalows to people in his community, Bishop ozubulu is tarring roads the whole of his community like crazy with street lights, instigator PH built 10 kilometers road and donated to his community, Clann Chief Vintage Nwaogugu donated more than 400 pieces of keke and many grinding machines to women to empower his community in Mbaise , Go abiriba, mbaise Wawa land and other communities, the story is the same and none of them is on foops magazine and countless other silent community developers doing their job in silence without any noise

She's a native of Ikorodu.
Native Lagosians are not that hungry to start waiting to survive on philanthropic act, our state government is what we hold responsible for community development not charity.
So it's our business if our native billionaires like otedola, alakija do or do not do anything for community.
Thanks for protruding into that matter, but we're not bothered.

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by ProudlyLagos: 6:12am On Mar 20

Ibadanfarmroad:
Fun fact: Mrs Alakija is richer than every Igbo man that has ever existed on earth.

😂😂😂 no be lie my brother……we have always told them this but, pride and over bloated ego no go let dem agree……they will always find an excuse to downplay other peoples achievements grin

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by 96ACE: 6:13am On Mar 20

aariwa:
What has the Forbes ranking done for her community ? Last week emoney completed completed a 10 kilometer road for his community joining hundreds of others doing for their communities what the failed government couldn’t do…no be by mouth or forb listing but by making your community a better place and increasing opportunities for others . Last year alone mighty mighty umuchu built and donated more than 100 bungalows to people in his community, Bishop ozubulu is tarring roads the whole of his community like crazy with street lights, instigator PH built 10 kilometers road and [/b]donated to his community, Clann Chief Vintage Nwaogugu donated more than 400 pieces of keke and many grinding machines to women to empower his community in Mbaise , Go abiriba, mbaise Wawa land and other communities, the story is the same and none of them is on foops magazine and countless other silent community developers doing their job in silence without any noise

[b] Hmmm, so a private individual that acquires wealth due to their diligence and hard-work should be expected to pay dividends to his/her community and failure to do so, s/he shouldn’t be worthy of recognition and accolades. This thing called “entitlement “ is real oo

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by ProudlyLagos: 6:14am On Mar 20

ijayalolo:
You for do small research before this plenty talk wey nobody ask you so

Check out: Rose of Sharon Foundation and Flourish Africa initiative

Thank you for your attention to this matter

leave that clown…….na John snow, he knows nothing……he is just frustrated a Yoruba woman is even doing better than all the men from billionaires region…….the shame too much😂😂

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by EniHolar(f): 6:16am On Mar 20

She's 65 years old... That's impressive.

I'm coming after her

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by lenghtinny(m): 6:26am On Mar 20

aariwa:
What has the Forbes ranking done for her community ? Last week emoney completed completed a 10 kilometer road for his community joining hundreds of others doing for their communities what the failed government couldn’t do…no be by mouth or forb listing but by making your community a better place and increasing opportunities for others . Last year alone mighty mighty umuchu built and donated more than 100 bungalows to people in his community, Bishop ozubulu is tarring roads the whole of his community like crazy with street lights, instigator PH built 10 kilometers road and donated to his community, Clann Chief Vintage Nwaogugu donated more than 400 pieces of keke and many grinding machines to women to empower his community in Mbaise , Go abiriba, mbaise Wawa land and other communities, the story is the same and none of them is on foops magazine and countless other silent community developers doing their job in silence without any noise

This woman single-handedly built a state-of-the-art teaching hospital for Uniosun and you are here blabbing about 10km roads and streetlights angry

EniHolar:
She's 65 years old... That's impressive.

I'm coming after her

How can she be 65 when she was born in 1951 angry

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by adetayoonas(m): 6:36am On Mar 20

EniHolar:
She's 65 years old... That's impressive.

I'm coming after her

You are wrong. Mrs Folorunso Alakija is 74 years old beautiful, god fearing woman. She has helped so many lives. I m a bank manager, God I wish I have this kind of customer as her account officer. The fully equipped teaching hospital she donated to Osun state university is one of the best in Nigeria. God will bless her and her family

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by QuotaSystem: 6:38am On Mar 20*

aariwa:
What has the Forbes ranking done for her community?

Umuchu built and donated more than 100 bungalows to people in his community,

Vintage Nwaogugu donated more than 400 pieces of keke and many grinding machines to women to empower his community in Mbaise

Africa’s Richest Men: Dangote, Adenuga, Abdulsamad (BUA), Otedola - Forbes

Africa’s Richest Women: Alakija, Shagaya, Dos Santos - Forbes

Balanced minds will clap, introspect and move on…

But if inferiority complex no wound perpetually chestbeating empty barrels, what will?

Meanwhile, below is the multi-billion naira Medical Research & Teaching Hospital donated by Alakija to Osun State Government just last December.

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by Passionate888: 6:43am On Mar 20

She tried. It's not easy maintaining a conglomerate

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Re: Folorunso Alakija Emerges As Africa’s Second Richest Woman In Forbes Ranking by Mrexcell(m): 6:48am On Mar 20

aariwa:
What has the Forbes ranking done for her community ? Last week emoney completed completed a 10 kilometer road for his community joining hundreds of others doing for their communities what the failed government couldn’t do…no be by mouth or forb listing but by making your community a better place and increasing opportunities for others . Last year alone mighty mighty umuchu built and donated more than 100 bungalows to people in his community, Bishop ozubulu is tarring roads the whole of his community like crazy with street lights, instigator PH built 10 kilometers road and donated to his community, Clann Chief Vintage Nwaogugu donated more than 400 pieces of keke and many grinding machines to women to empower his community in Mbaise , Go abiriba, mbaise Wawa land and other communities, the story is the same and none of them is on foops magazine and countless other silent community developers doing their job in silence without any noise

All those igbo business men u mentioned are still learning philanthropy from alakija it seems u didn't even do a proper research on her before writing all these? Only the modern hospital she built in osun that was recently commissioned by the osun state governor dwarfed what those igbo business men has done in their communities.

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