Folorunsho Alakija House Photos, Cost & Address
Taking the tour of the house of a billionaire will certainly leave anyone in wonder due to how grand and magnificent it would be. Well, Folorunsho Alakija’s house is nothing short of that. Sit back and relax as we give you a tour of her home.
Folorunsho was once thought to have the most expensive house in Nigeria with a worth flowing into hundreds of millions of naira. However, information on the worth of houses of other billionaires like Dangote and Femi Otedola came into view and her mansion was nothing compared to theirs in terms of worth.
Nevertheless, she still owns one of the most expensive mansions in Nigeria. In the article, we are going to share details of Folorunsho Alakija’s house, its location, and photos.
Who is Folorunsho Alakija?
Folorunsho Alakija was once the richest black woman in the world. She was overtaken by Oprah Winfrey whose net worth now stands at $2.4 billion.
Folorunsho is a businesswoman with several investments in oil, fashion, and printing industries. She was born into a life of luxury and spent her early years in the United Kingdom where she acquired her primary education. She returned to Nigeria and attended Muslim High School in Ogun State before moving back to London for her tertiary education.
She got a degree in Fashion Design from the American College in London. Alakija began her business career in Nigeria as an executive secretary at Sijuade Enterprises. She went on to establish her tailoring company “Supreme Stitches”. Folorunsho later took an interest in oil and established Famfa Limited. In 1993, her company was granted an oil prospecting license (OPL).
The license marked the beginning of the expansion of her wealth as she was fruitful in her quest to find oil. However, she had to battle the Nigerian government in court to keep ownership of her company. She was able to succeed and later went on to become the richest woman in Nigeria.
Folorunsho Alakija’s House
Most of Nigerian millionaires and billionaires own grand mansions which are too big for them to stay. Some billionaires have a mosque and/or a church located within their mansions which gives guests a chance to worship as they wish. Others have numerous bedrooms and some structures which could be considered unnecessary.
Folorunsho seems to be the only Nigerian billionaire to stand out. Rather than build an old-styled house, she decided to go for something futuristic. Folorunsho awarded the contract for the constriction of the building to renowned construction firm Julius Berger in 2014.
The mansion was expected to be completed in 2018, however, it’s still yet unconfirmed if she has added the finishing touches to her home. There have been lots of speculations on the features of the house as some media outlets report that the house is expected to be bulletproof.
However, we can‘t confirm any features until the house is completed. The mansion is located in Ikoyi, Lagos State which is one of the luxurious and expensive locations in Nigeria.
Looking at the exterior, you will find most of the facilities you would expect to see in a luxurious house. The exterior is fitted with an outdoor swimming pool and a garage. Also, there are some trees and a lawn to add some natural feel to the mansion.
This house should be worth hundreds of millions if not billions of Naira. Well, if you are one of the richest women in the world with a net worth running into billions of dollars you can afford anything.
The house said to be worth over N700 million is more expensive than any asset that a Nigerian celebrity can afford. However, among billionaires, Folorunsho’s house doesn’t really carry much weight.
Dangote’s house is reportedly worth billions of Naira and that is expected as he is the richest man in Africa. Unlike Nigerian celebrities, billionaires don’t really argue and try to show off their wealth on social media to get recognition from fans and non-fans alike.
Even though her net worth has seen a considerable drop from 2015, Folorunsho continues to live her life of luxury.