Folorunsho Alakija is presntly 73 years old and has made great impact over the years in business world, as she began her career in 1974 as an executive secretary at Sijuade Enterprises in Lagos, Nigeria.

Her trajectory brought her to the former First National Bank of Chicago, presently a division of First City Monument Bank, where she assumed the role of the Managing Director’s Executive Secretary.

As of 2024, the remarkable net worth of Modupe Alakija is $3.1 billion. This immense wealth is evidence of her considerable accomplishments in the realm of commerce.

Modupe Alakija Family and Matrimony

In November 1976, Modupe Alakija and Folorunsho Alakija exchanged vows. The married couple and their four sons, Ladi, Folarin, Rotimi, and Dele, dwell in Lagos, Nigeria. Their son Folarin Alakija wed Iranian model Nazanin Jafarian Ghaissarifar in June 2017. According to reports, the billionaire couple has allegedly ended their relationship.

The Alakija family consists of Modupe Alakija Children Ladi Alakija, Folarin Alakija, Rotimi Alakija, and Dele Alakija, each of whom has established a distinct trajectory in life.

Although Modupe Alakija’s father was of Egba descent, her mother was the progeny of Alfa Cyprian Akinosho Tairu of Oyo. Her journey was undoubtedly impacted by her illustrious ancestry.

What is the origin of Alakija’s wealth?

Alakija’s initial enterprise, a fashion label that served notable clientele such as the spouse of former Nigerian president Ibrahim Babangida, exemplified her enterprising nature. Her company was granted an oil prospecting license by the Nigerian government in 1993; this license was subsequently converted to an oil mining lease.

Folorunsho Alakija, a billionaire entrepreneur with interests in the printing, fashion, oil, and real estate sectors, is the most prominent member. As the group managing director of The Rose of Sharon Group and vice chairman of Famfa Oil, a significant oil exploration and production company in Nigeria, she is well-known.

The offspring of Folarunso and Modupe Alakija include the CEO of Famfa Oil, Folarin Alakija.
The family lineage also comprises Adeyemo Alakija, the father of Folorunsho, as well as his siblings.
In general, the Alakijas are a notable Nigerian family that significantly impacts the business and philanthropic spheres.