Folorunsho Alakija is the second richest African woman and the third richest woman of African descent in the world. A Nigerian business tycoon, Alakija has business interests in the fashion, oil and printing industries. The Executive Vice-Chairman of Famfa Oil Limited, Alakija is also the Group Managing Director of The Rose of Sharon Group. The Group comprises The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited. Forbes has rated her as the richest woman in Nijeria with an approximate net worth of $ 2.1 billion, and the 87th in the list of the world’s ‘most powerful women’. Alakija is rumoured to be the second most powerful woman in Africa.
Born in 1951 to the family of Chief L. A. Ogbara in Ikorodu, Lagos, Alakija has done her primary education from Dinorben School for Girls in Hafodunos Hall, Wales. She has also been to the Muslim High School Sagamu Ogun State, Nigeria. Alakija did her secretarial studies from Pitman's Central College, London. She has also done a course in fashion designing from the American College and from the Central School of Fashion, London.