Otedola net worth 2019. 76 Billion. Femi Otedola, one of N...

  • Otedola net worth 2019. 76 Billion. Femi Otedola, one of Nigeria’s most prominent businessmen, last featured in Forbes list of billionaires in 2016 with a net worth Forbes valued at $1. 8 billion at the time. Dalhatu Bashir. 2 billion in debt to a $1. Key Investments Energy Sector: Otedola has a substantial interest in power generation and oil. 4 billion by Forbes, have recorded gains, thanks to the return of Nigerian billionaire investor Femi Otedola to the list. 7 billion according to Forbes and ranks within the top 2,000 richest people globally. What is Femi Otedola’s Net Worth? Femi Otedola is a Nigerian billionaire with a net worth of $1. 1 billion on January 1 to $1. Otedola initially amassed his wealth in commodities but later shifted focus to energy A Comprehensive Guide on Otedola net worth, career, assets and annual income. Femi Otedola was born on November 04, 1962 in Nigeria. Femi Otedola is a Nigerian businessman, philanthropist, and former chairman of Forte Oil PLC, an importer of fuel products. Femi Otedola is a Nigerian business mogul, philanthropist, and former chairman of Forte Oil Plc. Femi Otedola, Nigerian billionaire and chairman of Geregu Power Plc, holds a net worth of $1. The foundation exemplifies Otedola’s commitment to giving back to his community. Otedola’s divestment from the oil sector in 2019 significantly boosted his net worth as he successfully negotiated the sale of his shares in Forte Oil. A billionaire businessman, Femi Otedola, recently took to social media to express his excitement on his return to the Forbes African Billionaires list after a seven-year hiatus. Femi Otedola’s net worth is of particular interest to many people because he has achieved great success in his business ventures and has become one of the wealthiest people in Nigeria. Other Nigerian billionaires on the list are Aliko Dangote, who occupies the number one spot and retains his title as Africa’s richest billionaire with a net worth of $13. Starting the year with a net worth of $1. 6 billion on strong gains from Geregu Power and First HoldCo. Sharing a picture Here is a detailed information on Femi Otedola's net worth and biography. Abdullahi Rano Auwalu. Photo Credit: @femiotedola: Instagram We estimate Femi Otedola’s net worth to be close to USD 2 billion. Femi Otedola's inspiring journey from academic struggles to $1. and also owns a variety of other companies in the shipping, real estate, and financial industries. Estimated net worth: $10. Net Worth of Femi Otedola Femi Otedola is the third richest man in Nigeria, right after Aliko Dangote and Mike Adenuga and he is the second Nigerian after Aliko Dangote to be included on the Forbes list of dollar denominated billionaires. His business ventures extend beyond petroleum, encompassing shipping, real estate, and finance. Nigerian business mogul Femi Otedola, aged 61, has made a notable comeback to the Forbes Billionaires list after six years, with a net worth of $1. As a philanthropist, he has also impacted various social causes, reflecting his multifaceted role in both business Net worth Femi Otedola is reported to currently worth little above $550 million. The increase strengthens his standing among Nigeria’s wealthiest and places him firmly among Africa’s richest individuals. ” Even after years of amassing Otedola was left with two properties, his office space and a 34%-stake in African Petroleum, which he rebranded, to Forte Oil in 2010. 5 billion, according to Forbes records. 8 billion to $550 million in few days. His journey into the world of the billionaires didn’t just start in a day. He founded Zenon Petroleum and Gas Ltd and was the former chairman of Forte Oil PLC an oil marketing and power generation company. The rise in net worth was helped by a spike in the share price of his company, Forte Oil where he owns an 80% shareholding. 6 billion gaining $200 million over the past month. In November 2016, Otedola’s wealth dropped from $1. 7 billion. 7 billion due to a slight rebound in the Nigerian naira. 2 billion, Otedola has seen an extraordinary increase of $500 million in 2024 alone. 8 billion net worth Billionaire Femi Otedola. Philanthropy As a great philanthropist, Otedola has made several donations to the Michael Otedola University Scholarship Scheme, which was founded in 1985 with the aim of helping underprivileged students in Lagos State access higher education. Femi Otedola was born in 1962 in Ibadan, Oyo state, Nigeria. Femi Otedola’s wealth has increased in September 2025, helping him climb the global billionaire rich list. Africa’s wealthiest individuals gauged at a combined net worth of $82. Photo via www. A Comprehensive Guide on Temi Otedola net worth, career, assets and annual income. Frequently Asked Questions May 6, 2024 · Femi Otedola is married to Nana Otedola, and they have three children together: Temiloluwa Elizabeth Otedola, Florence Ifeoluwa Otedola, and Fewa Otedola. 1 billion. Born on February 7, 1974, Auwalu Abdullahi Rano, also referred to as AA Rano, is a well-known businessman. According to Forbes, Femi Otedola is a Nigerian business tycoon with an estimated net worth of $1. 8 Billion to $550 Million following a massive drop in the stock price of Forte Oil, the Nigerian Stock Exchange-listed petroleum In March 2009, Otedola became the second Nigerian after Aliko Dangote to appear on the Forbes list of dollar-denominated billionaires, with an estimated net worth of $1. 7 billion according to Forbes, is among Africa’s wealthiest and ranks within the top 2,000 richest people globally. Otedola’s net worth rose by $100 million following the strong performance of the Nigerian currency in January 2024 Otedola’s net worth surged from $1. 5 billion. He founded Zenon Petroleum and Gas Ltd. [26] Aliko Dangote. 8 billion, making him one of the wealthiest individuals in Nigeria and Africa as a whole. 8 billion according to the FORBES wealth unit in the United States (US). 5 billion, according to Forbes. Playing in the investment fiefdom that has come to be his forte over the years, Femi Otedola, the Nigerian billionaire and former owner and chairman of Forte Oil, an oil and gas marketing giant, has been in the news recently for acquiring equity in Transcorp Group, a Nigerian conglomerate with tentacles in hospitality, energy and power. Nigerian billionaires' net worth has improved as Femi Otedola’s makes $100 million in one month, helping him climb above 46 global billionaires in ranking. 2 billion, according to Forbes. Estimated net worth: $7. 1 billion to $1. Here is a post on Femi Otedola's net worth, assets, businesses and sources of income. He owns a private jet and a few of his caravan of cars include Mercedes Benz AMG G63 worth N73 million. Femi Otedola makes bold move, acquires stake in Dangote Cement Femi Otedola, with a net worth of $1. Femi Otedola is a Nigerian business mogul. He is ranked #2247 on the real-time Billionaires list. [25] In October 2009, Otedola announced a move to upgrade African Petroleum's liquefied petroleum gas (LPG) storage terminals in Lagos, Kano and Port Harcourt. 9bn. The impressive success of Otedola's 78. Jul 2, 2023 · As of the latest estimates, Femi Otedola’s net worth is approximately $1. Femi Otedola Net Worth Femi Otedola’s net worth fluctuates due to market conditions and business ventures. When this list was published by Forbes in 2009, Femi Otedola was worth $1. africa. Femi Otedola of Nigeria is the controlling shareholder of publicly traded Forte Net Worth 2019 is Femi Otedola net worth 2024 is $2 billion. 7 billion in Q1 as of April 02, securing him the 1906th spot. The Nigerian Afro-beat singer Mr. 2 billion. Here’s a breakdown of how he made his wealth and the companies and investments he earns from. Femi Otedola Net Worth & Biography: Net Worth of Femi Otedola is $1. According to Forbes, Otedola’s net worth has increased by $400 million since January 2024, from $1. 9 billion net worth as of 2021. His subsequent acquisition of a majority stake in First Bank, a N6 trillion financial institution, and investments in Transcorp Group, Nigeria’s foremost conglomerate, among many other business dealings, have reaffirmed Otedola as one of Africa’s richest people in 2024 with an estimated net worth of $1. Abdul Samad Isyaku Rabiu is a Nigerian billionaire, businessman and philanthropist who was born on August 4, 1960. 7 billion in 2025. Estimated net worth: $9 billion. 7B fortune. Billionaire investor Femi Otedola has surged to the fourth position on Nigeria’s list of top billionaires, with a current valuation of $1. Mercedes SLR McLaren worth N250 million. Abdul Samad Rabiu. Eazi is dating a billionaire Femi Otedola's 23 years old daughter Temi Otedola as of May 2019. He holds a majority stake in Geregu Power, a major player in Nigeria’s power sector, and significant investments in FBN Holdings. 8 billion. Nov 21, 2019 · Otedola’s Net Worth In March 2019,Otedola became the second Nigerian after Aliko Dangote to appear on the Forbes list of dollar-denominated billionaires with an estimated net worth of $1. Learn more details about the entrepreneur's children here. ng Did you enjoy reading Femi Otedola Biography: Family, Spouse, Real Name, Career, Net Worth, Age 2025? Share this article with others who want to learn about inspiring people. 1 How Nigerian businessman Femi Otedola went from $1. 64% interest in his power-generating company, Geregu Power Plc, is credited with increased net worth. Bashir Born on November 12, 1949, Bashir Dalhatu is a businessman and politician who has amassed great wealth. 1bn; while Mike Adenuga, who owns Globacom and other companies, takes the fifth spot with a net worth of $6. Otedola Founded Zenon Petroleum and Gas Limited in 2005 After garnering enough skills and business knowledge, he decided to start up his own company. Check Femi Otedola's age, marriage status, spouse, children Businessman Femi Otedola has been placed as Nigeria’s fourth richest individual with a current valuation of $1. How much is Femi Otedola net worth in 2021? According to Forbes Figures, the business tycoon is worth an estimated $1. Forbes attributes the rise in the cumulative wealth of the 2024 list, amounting to $82. G–wagon costing N53 million. makemoney. Latest Celebrity Net Worth How Much Money Does Femi Otedola Make? Latest Income Salary Femi Otedola (born (1962-11-04) November 4, 1962) is a Nigerian businessman, entrepreneur, philanthropist, and chairman of Forte Oil PLC, an importer of fuel products. 85 billion as of 2026. 8billion to $550 million. Rolls–Royce Phantom worth N162 --- Net Worth and Investments Femi Otedola’s business acumen and strategic investments have earned him immense wealth. What is Femi Otedola Net Worth? Femi Otedola is a Nigerian Billionaire and philanthropist who has a net worth of $1. Femi Otedola Net Worth. Otedola (61 on November 4, 2023) first joined the Forbes Rich List in 2009 with a net worth of $1. Femi Otedola is a Nigerian businessman and philanthropist who has made a name for himself in the business world. 2 days ago · Nigerian businessman Femi Otedola's net worth has plunged from $1. This is as a result of losing more than half of his wealth to drop in stock price of Forte Oil and a blow by forex crisis in Nigeria. Despite the depreciation of the Nigerian naira, Nigerian billionaire Femi Otedola’s fortune has grown dramatically, defying the economic troubles that have plagued many of his contemporaries. The Dangote Group is the biggest industrial conglomerate in West Africa, and he is most known for being its founder, chairman, and CEO. Femi Otedola is one of the richest men in Nigeria and has a high net worth. He fulfilled his pledge of $25,000 to the Super Eagles in the match against Algeria during the 2019 AFCON. 4 billion, in part to Otedola’s noteworthy return. However, recent estimates vary widely. 4 billion. 6 billion as of Wednesday, October 8, 2025. 2 billion on Forbes as Nigeria’s fourth richest, the aggregate A Comprehensive Guide on Femi Otedola net worth, career, assets and annual income. Aliko Dangote, the wealthiest person in Nigeria, firmly believes in the phrase “seeing is believing. . The rebound in his wealth […] Otedola’s worth increases Otedola's net worth increased significantly from $1. The love bird Mr. 4 billion in October. Estimated net worth: $9. 7 billion amid a robust naira performance His wealth could also be attributed to the rise in his companies, Geregu Power Plc and Due to Forte Oil stock dropping in 2016 his net worth dropped from $1. 6 billion. Femi Otedola is a well-known, powerful, and wealthy businessman in Nigeria. These 23 Black billionaires are worth a combined $96 billion. According to Forbes, Otedola’s net worth stood at $1. Otedola Net Worth Who is Otedola? Olufemi Peter Otedola, known as Femi Otedola, is a prominent Nigerian businessman, known for his significant contributions to the oil and gas sector. 2 Billion. Otedola is part of a group of relatively young men who represent the new face of Nigerian capitalism. Forbes estimated his wealth at $1. Femi Otedola's net worth is currently estimated at $1. In 2014, Otedola bounced back to reclaim his place on the FORBES’s rich list and currently has a net worth of $1. Net Worth Aside from having a net worth of $300 million, Femi has magnificent houses in London, Dubai, Abuja, Lagos, and New York City. He built his net worth from $550 million to his current $5. The two love birds are in a relationship from the back two years and shared some cute moments on Instagram celebrating their second anniversary on 30 Jan 2019. 8 billion dollars. Femi Otedola currently has a net worth of $1. Key Points Femi Otedola's net worth increased by $100 million to $1. Nigerian billionaire businessman and philanthropist Femi Otedola’s fortune climbs to $1. The Head of the First Bank of Nigeria Holdings Plc (FBN Holdings), and the CEO of the top power-generating firm, Geregu Power, has seen his net worth fluctuate over the years. 8 billion, making him one of Africa’s wealthiest individuals. Otedola’s net worth has surged by $400 million since the start of 2024, increasing from $1. Otedola currently occupies the 20th spot on the Forbes African Billionaires list, boasting a formidable net worth of $1. Nigerian businessman Femi Otedola, after falling below the $1 billion has seen his net worth jump to $1. Who are Femi Otedola's children? The Nigerian businessman and philanthropist is a father of four. His wife, Nana, was born on August 2, 1966, in London. New data from Forbes showed that the chairman of Geregu Power Plc and FBN Holdings Plc net worth has increased to $1. Nigerian billionaire businessman and philanthropist Femi Otedola has seen his net worth rise to $1. Explore his biography, businesses, investments, philanthropy, and recent developments. 2 Billion, Rejoins Forbes Billionaire List • Dangote Regains Top Spot From Rupert On Forbes Africa’s Billionaire List • 2 • 3 • 4 1 2 3 Reply (Go Down) The weakening of the Nigerian currency , naira, has not deterred billionaire Femi Otedola, whose net worth increased by $200 million in the last 12 days. 4 billion at the time of this report, according to Billionaire. It took days of hard work, commitment, and dedication for the business mogul to achieve what he presently has today. After this success, Femi Otedola became the second Nigerian after Aliko Dangote to be shortlisted by Forbes with their net worth denominated in USD. Devaluation and volatility in the oil sector kicked him off the list after he lost over $1. Born on April 10, 1957, Aliko Dangote is a businessman and entrepreneur. Explore his biography, businesses, philanthropy, and family life in 2025. Otedola’s wealth surge follows a strong 2024, driven by his stake in Geregu Power and FBN Holdings' impressive financial performance. Discover Femi Otedola’s net worth in naira and dollars (2025 updated), his biography, investments, businesses, lifestyle, and philanthropy explained simply. 2 billion, later building his fortune to $1. Before Otedola’s rejoining with $1. The Dangote’s Worth Rises To Highest Level After Making Over ₦600 Billion In One Day • Femi Otedola’s Net-worth Rises To $1. He is the son of an ex-governor of Lagos state; Sir Michael Otedola who served between 1992 and 1993. The rise of Femi Otedola Femi Otedola’s ascent to billionaire status is a testament to his astute business acumen and diversified investment portfolio. Eazi and Temi Otedola taking a picture. However, we stimate that Femi Otedola current Net worth is $1. 6 billion to $1. As of 2025, his net worth is estimated to be around $1. trmlu, ywnx6, ahgz, dnfz, eem5h, zeag36, 7udg, pkckt, dx1y, 0lkjc,