Meet the billionaire twins who purchased $10m value of Bitcoin when it nonetheless bought for $8

Meet The Billionaire Twins Who bought $10m Worth Of Bitcoin When It Still Sold For $8

Africa as a continent can solely boast of two ladies billionaires. In keeping with Forbes the continent’s solely two ladies billionaires are Isabel Dos Santos of Angola who’s now broke and dealing with a collection of authorized expenses and Nigeria’s Folorunsho Alakija.

Over time there have been many conspiracy theories and myths about Mrs Alakija’s story. As we speak we are going to discover all of the verified data now we have on the Nigerian dressmaker turned Oil Mogul.

Folorunsho Alakija’s Web value (Just a little underneath $1bn)

Though Forbes pegged her web value at $1bn it additionally reported that the determine dropped this yr as a result of decrease oil costs. There are now not any feminine billionaires (in {dollars}) in Africa as of January 2021.

READ: Aliko Dangote’s web value falls by $1.4 billion in Q1 2021 amid inventory market sell-off

The construction of her oil exploration firm

Folorunsho Alakija is the Vice Chairperson of Famfa Oil Exploration Firm. Famfa Restricted was integrated in September 1991 and was awarded the leasehold rights to OPL 216 on the tenth of August 1993.

Her husband, Modupe Alakija is the Chairperson of the corporate and her kids, Dele Alakija and Ladi Alakija sit on the Board as effectively.

READ: How Elon Musk misplaced $8 billion this week 

Famfa Oil’s important money cow is the profitable Agbami Oil Fields, one of many largest deepwater oil offshore discoveries in Nigeria, which the corporate believes might be energetic effectively past 2024.

Famfa Oil is a agency associate of different oil conglomerates in Nigeria. In keeping with their mission assertion, they work carefully with Chevron and Petrobras. Additionally they associate with a few indigenous oil corporations in Nigeria.

READ: Oba Otudeko loses N371 million from his Honeywell flour stake in a single day

Philanthropic efforts of Folorunsho Alakija

Mrs Folorunsho Alakija, coming from humble means, has maintained a detailed relationship with the poor and striving in Nigeria. She seems to be a deeply spiritual girl who heads a thriving Christian organisation, The Rose of Sharon Ministry.

Her NGO, The Rose of Sharon Basis (RoSF) is understood to deal with assuaging the plights of the world’s most weak folks – widows and orphans by giving widows 0% curiosity loans to start-up their companies. The RoSF has immediately impacted the lives of greater than 4,262 widows and 20,000 oblique members of the family in six (6) Geo-political zones of Nigeria.

READ: Billionaire traders in Nigeria chances are you’ll not know

What to know

Folorunsho Alakija joined the league of the rich when her first firm, a trend label started to service elite purchasers, essentially the most notable of whom was the late spouse of Nigeria’s former Head of State, Normal Ibrahim Babangida.

She is listed among the many prime 200 feminine executives by the Vitality Council.

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