Explore Femi Otedola net worth, age, height, bio, birthday, wiki, and salary! In this article, we will discover how old is Femi Otedola? Who is Femi Otedola dating now & how much money does Femi Otedola have?
| Name | Femi Otedola |
| First Name | Femi |
| Last Name | Otedola |
| Occupation | Businessman |
| Birthday | November 4 |
| Birth Year | 1962 |
| Place of Birth | Ibadan |
| Home Town | Oyo State |
| Birth Country | Nigeria |
| Birth Sign | Scorpio |
| Full/Birth Name | |
| Parents | Michael Otedola, Lady Doja |
| Siblings | Not Available |
| Spouse | Nana Otedola |
| Children(s) | DJ Cuppy, Temi Otedola, Fewa Otedola, Tolani, Olawunmi Christy Otedola |
Femi Otedola Biography
Femi Otedola is one of the most popular and richest Businessman who was born on November 4, 1962 in Ibadan, Oyo State, Nigeria.
Otedola has made several donations to the Michael Otedola University Scholarship Scheme, which was established in 1985 to give underprivileged students in Lagos State access to higher education. In 2005 Zenon donated N200 million to the scheme’s fund. Since its inception the scheme has benefited more than 1,000 students.
Otedola was born in Ibadan, the capital of Oyo State, south west Nigeria, into the family of the late Sir Michael Otedola, Governor of Lagos State from 1992 to 1993.
Femi Otedola (born (1962-11-04 ) 4 November 1962) is a Nigerian businessman, philanthropist, and former chairman of Forte Oil PLC, an importer of fuel products. Otedola is the founder of Zenon Petroleum and Gas Ltd, and the owner of a number of other businesses across shipping, real estate and finance. He has recently invested in power generation as part of the liberalisation of the sector in Nigeria.
Femi Otedola Net Worth
Net Worth: Femi Otedola, a renowned Nigerian businessman, was reported to have a staggering net worth of US$275 million in 2017. Boasting a diversified investment portfolio, his prominent wealth is a product of various enterprises including real estate, shipping, petroleum and gas, and financial investment companies. His ownership stakes in numerous businesses namely Zenon Petroleum and Gas Ltd, and his recent investment in power generation, all contribute significantly to his net worth. When compared to similar profiles in the industry, his fortune is representative of a successful businessman who strategically manoeuvres to maximize wealth across industries.
Career and Financial Growth: Otedola’s career is marked by a continuous effort to identify and seize lucrative opportunities. Starting with Zenon Petroleum and Gas Ltd, he invested N15 billion in downstream infrastructure development, leading to lucrative returns. His roles as the owner and chairman of Zenon, the former chairman of Forte Oil PLC, and the current executive chairman of Geregu Power PLC, are indicative of his strategic business acumen that fuels his financial growth. His wealth is also bolstered by major shares in many Nigerian banks including Zenith Bank and United Bank for Africa (UBA).
Source of net worth: Predominantly, Femi Otedola’s wealth is derived from his ventures as a businessman. His astute investments in petroleum, gas, shipping, real estate, finance, and now power generation, solidify his place as a successful entrepreneur. His acquisition of stakes in many companies has proven to be fruitful, generating substantial returns over the years. Besides his viable business ventures, any endorsements and sponsorships, if any, would also contribute to his overall net worth.
Personal Projects and Ventures: Apart from his mainstream businesses, Otedola established CentreForce Ltd, an endeavour specializing in finance, investments, and trading, and runs Swift Insurance. He is also the chief executive and president of SeaForce Shipping Company Ltd, and was once Nigeria’s largest ship owner. Perhaps his most notable real estate acquisition to date is of Stallion House in Victoria Island in Lagos.
Philanthropy: Otedola is known for his philanthropic contributions. His sizable donations to the Michael Otedola University Scholarship Scheme enabled access to education for many underprivileged students. His personal donation to the completion of the National Ecumenical Centre signifies his commitment to further societal causes. Additionally, he has made donations towards reducing crime in Lagos State, and to multiple educational institutions.
Recent Developments: Recently, in 2019, Otedola sold Forte Oil Plc, expressing plans to shift his business focus from oil to power generation with his company, Geregu Power Plc. Regarding his future net worth, with his strategic diversification into power generation, especially at a time when Africa is focusing on renewable energy and power infrastructure, it’s expected that his wealth could witness substantial growth if he manages to tap potential opportunities in these sectors effectively.
| Net Worth | US$275 million (2017) |
| Salary | Under Review |
| Source of Income | Businessman |
| Cars | Not Available |
| House | Living in own house. |
As owner and chairman of Zenon, in 2004 he invested N15 billion in downstream infrastructure development and acquired storage depots at Ibafon, Apapa as well as four cargo vessels, amounting to a combined total storage capacity of 147,000 metric tonnes. The same year he acquired a fleet of 100 DAF fuel-tanker trucks for N1.4 billion.
In 2005, Otedola made a N300 million personal donation to the completion of the National Ecumenical Centre—Nigeria’s primary place of Christian worship—in Abuja. In 2007 he was among a group of donors who gave N200 million to the State Security Trust Fund in a drive to reduce crime in Lagos State. Later that year he donated N100 million to the Otedola College of Primary Education in Noforija, Epe. In 2008 he donated N80 million to the Faculty of Agriculture at the University of Port Harcourt. Femi Otedola fulfilled his pledge of 25,000 dollars to the Super Eagles in the match against Algeria in the 2019 AFCON
Ethnicity, religion & political views
Many peoples want to know what is Femi Otedola ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Femi Otedola's ethnicity is Not Known. We will update Femi Otedola's religion & political views in this article. Please check the article again after few days.
In 2003, having identified an opportunity in the fuel retail market, Otedola secured the finance to set up Zenon Petroleum and Gas Ltd, a petroleum products marketing and distribution company.
Who is Femi Otedola Dating?
According to our records, Femi Otedola married to Nana Otedola. As of January 13, 2024, Femi Otedola’s is not dating anyone.
Relationships Record: We have no records of past relationships for Femi Otedola. You may help us to build the dating records for Femi Otedola!By 2005, Zenon controlled a major share of the Nigerian diesel market, supplying fuel to most of the major manufacturers in the country including Dangote Group, Cadbury, Coca-Cola, Nigerian Breweries, MTN, Unilever, Nestle and Guinness.
Height, Weight & Body Measurements
Femi Otedola height Not available right now. Femi weight Not Known & body measurements will update soon.
| Height | Unknown |
| Weight | Not Known |
| Body Measurements | Under Review |
| Eye Color | Not Available |
| Hair Color | Not Available |
| Feet/Shoe Size | Not Available |
In 1994, Otedola established CentreForce Ltd, specialising in finance, investments and trading. Otedola is also the owner of Swift Insurance.
In January 2006, Otedola was appointed a non-executive director of Transnational Corporation of Nigeria Plc, a multi-sectoral conglomerate established in 2004 by then-President Olusegun Obasanjo to respond to market opportunities requiring heavy capital investment in Nigeria and across sub-Saharan Africa. He held this post until February 2011.
Facts & Trivia
Femi Ranked on the list of most popular Businessman. Also ranked in the elit list of famous people born in Nigeria. Femi Otedola celebrates birthday on November 4 of every year.
Otedola has made a number of real estate investments, including a N2.3 billion acquisition in February 2007 by Zenon of Stallion House in Victoria Island in Lagos, from the Federal Government. The following month he was appointed chairman of the Transcorp Hilton Hotel in Abuja and tasked with driving its expansion and upgrade to a seven star faciility. He is the owner of FO Properties Ltd. Otedola has been reported to be a financier of the People’s Democratic Party and is said to have contributed N100 million to President Obasanjo’s re-election expenses in 2003. He was a close ally of President Goodluck Jonathan. He has served as a member of the Nigerian Investment Promotion Council (NIPC) since 2004, and the same year was appointed to a committee tasked with developing commercial relations with South Africa. In 2011, Femi Otedola was appointed by President Goodluck Jonathan to Nigeria’s National Economic Management Team.
How much is Femi Otedola net worth?
| Femi Otedola |
| Nigeria |
| 5.9 Billion |
| Petroleum |
What does Femi Otedola do?
Professions
Is Cuppy Otedola's daughter?
DJ Cuppy aka Ifeoluwa Florence Otedola na di daughter of Nigerian billionaire Femi Otedola, but she don manage to build a brand for herself away from her papa billions. She describe herself as DJ, artiste, philanthropist and student.
Is Otedola a billionaire in dollars?
According to Forbes the 5 richest Nigerians are: Aliko Dangote (net worth US $14.4 billion), Mike Adenuga (net worth US $9.9 billion), Femi Otedola (net worth US$1.85 billion), Folorunsho Alakija (net worth US$1.55 billion), Abdul Samad Rabiu (net worth $1.1 billion).
Who is the youngest billionaire in Nigeria?
Case in point, a 9-year-old Nigerian kid, who is being dubbed as the ‘world’s youngest billionaire’ on account of his lavish lifestyle. Muhammed Awal Mustapha AKA Mompha Junior, is living the Richie Rich life as he owned his first mansion at age six, something most don’t manage in a lifetime!
You may read full biography about Femi Otedola from Wikipedia.ncG1vNJzZmiZnKGzornOrqqboaKptaWt2GeaqKVfm7KutYyoq56cn6GucA%3D%3D