Femi otedola net worth 7 billion. 9 billion as of 2023, making him the third-richest man in Nigeria. 4 billion, respectively. Oct 21, 2024 · Femi Otedola's net worth is $1. Otedola’s wealth is fueled by significant investments in Nigeria’s energy and banking sectors, including a 13. He is equally the 17th richest man in Africa alongside South Africa Billionaire Michiel Le Roux. 8 billion. 85 billion US dollars as of 2025, thus making him one of the top 10 richest Nigerian men. 4 billion by Forbes, have recorded gains, thanks to the return of Nigerian billionaire investor Femi Otedola to the list. 7 billion amid a robust naira performance; His wealth could also be attributed to the rise in his companies, Geregu Power Plc and FBN Holdings Plc Jan 12, 2024 · Femi Otedola has rejoined Forbes' billionaire list as Nigeria's fourth richest businessman after falling below the billion-dollar mark in. Top 30 best midfielders in the world - Global ranking revealed. Holdings: Geregu Power Plc, FBN Holdings. 8 billion, according to Forbes records. 5 billion, according to Forbes records. His net worth decreased from $1. Otedola is part of a group of relatively young men who represent the new face of Nigerian capitalism. As of 2024 Femi Otedola net worth is $2 billion. Nana and Femi shared three kids, Fewa Otedola, Temi Otedola, and DJ Cuppy, from their marital bond. The publication listed Otedola with a fortune of N1. 3 per cent of the company for N40 billion totaling 55. 2 billion on Forbes as Nigeria’s fourth richest, the aggregate wealth of Africa’s billionaires was pegged at Nov 1, 2014 · He is worth at least $1. 2 billion . Aliko Dangote – $13. SIGN UP FOR OUR NEWSLETTER DAILY UPDATE. 9 billion in 2024, a staggering $10 billion increase. 1bn; while Mike Adenuga Sep 6, 2024 · Femi Otedola Net Worth, Biography, Cars, House & Businesses The average Nigerian is familiar with the popular name Femi Otedola. Ascertaining the actual net-worth of Femi Otedola is difficult as he has investments in different businesses. 7 billion in Q1 as of April 02, securing him the 1906th spot. Femi Otedola is a diversified entrepreneur with interests in oil and gas, shipping, and real estate. Feb 16, 2024 · All of that gain can be attributed to the return of Nigeria’s Femi Otedola, Net worth: $13. 2 billion, as valued this year by the FORBES wealth unit in the United States and FORBES AFRICA. 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. 5 billion) Femi Otedola, chairman of First Bank and a serial investor, experienced a decline in his net worth over the past month. 6 billion (Jan 2024: $1. But due to the recession in Nigeria and fall in the value of the Naira, his net worth has reduced. She was born to Otedola and his former lover, Olayinka Odukoya. 1 billion on Jan. In 2008, a shipment containing one million tons of diesel set sail, heading for the shores of Nigeria. Jun 18, 2024 · On the other hand, Femi Otedola was reported to have a net worth of $1. Apr 3, 2025 · Femi Otedola, Nigerian billionaire and chairman of Geregu Power Plc, holds a net worth of $1. Otedola, the chairman of Geregu, who has a net worth of $1. 1bn. Sep 29, 2024 · What is Femi Otedola Net Worth? Femi Otedola is a Nigerian Billionaire and philanthropist who has a net worth of $1. 6 billion in 2025 as the Nigerian currency recovers. Nationality: Nigeria; Date of Birth: November 4,1962; Occupation: Entrepreneur; Net Worth: $1. 85 Billion. business magazine tracking the fortunes of the world’s ultra-high-net-worth individuals, Otedola, presently ranked as Nigeria’s fourth-richest individual, has witnessed a notable increase in his net worth from $1. He has four children. 1 billion, as four Nigerians make the list Mar 14, 2016 · Femi Otedola net worth is currently estimated to be $2. With a fortune of $1. Before Otedola’s rejoining with $1. 8 Billion US Dollars. Otedola’s net worth has surged by $400 million since the beginning of 2024, increasing from $1. Apr 4, 2025 · Femi Otedola, Aliko Dangote, and other Nigerians are featured on Forbes Magazine's World's Black Billionaires for 2025. Otedola Mar 6, 2024 · Forbes attributed the gain to the return of Nigeria’s Femi Otedola, who last appeared on the Forbes Africa list in 2017 when he held a controlling stake in fuel distributor Forte Oil. FAQs How old is Femi Otedola? Femi Otedola is 62 years old as of 2024. However, Forbes Jan 28, 2024 · Femi Otedola has an estimated net worth of $1. Jan 23, 2024 · Africa’s wealthiest individuals gauged at a combined net worth of $82. With such a tremendous amount of wealth, Oteloda became the second to appear on the Forbes list of dollar-denominated billionaires. Social Media. Otedola announced a plan to modernise the liquefied petroleum gas (LPG) storage terminals owned by African Petroleum in Lagos, Kano, and Port Harcourt in October 2009. He started out in the shipping industry Apr 18, 2024 · Nigerian billionaire businessman Femi Otedola, chairman of leading power generation company Geregu Power and one of Nigeria’s most valuable lenders, First Bank of Nigeria Holdings Plc (FBN Holdings), is nearing a $2-billion net worth milestone, adding to his wealth pile that crossed $1. 9 billion. Instagram: @femiotedola Jan 19, 2022 · But in 2016, his net worth dropped drastically from $1. Net worth Sources of wealth Aliko Dangote Nigeria: 15. 8 Billion, according to the same Forbes’ Billionaires List. Mercedes SLR McLaren worth N250 million. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your Apr 3, 2024 · 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. JOIN NB ON SOCIAL MEDIA. Jul 13, 2021 · How much is Femi Otedola net worth in 2021? According to Forbes Figures, the business tycoon is worth an estimated $1. ” @Leponky: “Odogwu dey make moves 💪🏿. Femi Otedola had a tough time moving up the ladder of success. while seven saw their net worth decline. 4bn from last year’s $81. When this list was published by Forbes in 2009, Femi Otedola was worth $1. 2. Feb 20, 2022 · As of 2020, Femi Otedola’s net worth as of 2016, is $1. Femi Otedola’s net worth has fluctuated over the years due to the nature of his business ventures and his strategic exit from the oil industry. However, as Femi’s wife and partner in many ventures, she enjoys significant financial privileges. 7 billion in 2025. How many wives does Femi Otedola have? Femi Otedola is married to Nana Otedola. 10. 99 billion the GDPs of Niger and Rwanda combined. G–wagon costing N53 million. Feb 14, 2024 · At the forefront of Nigeria’s economic transformation are four prominent billionaires, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola, whose net worth is at a staggering $27. Also Read About: Jan 28, 2024 · According to Forbes, the wealth of the 2024 list of 20 billionaires rose to $82. Nana Otedola is a Nigerian entrepreneur and philanthropist born on August 2, 1966 in London. 2 billion back then, does this now mean that Femi Otedola is not growing or making profit Sep 15, 2022 · Otedola joined Aliko Dangote as the second Nigerian to be listed on the Forbes list of dollar-denominated billionaires in March 2009, with an estimated net worth of $1. Rolls–Royce Phantom worth N162 Jan 24, 2024 · This year, thirteen billionaires witnessed an increase in their wealth, while seven saw a decrease in their net worth. He lost everything he worked for within nine months, and his net worth was reduced from $1. See Also: Creativity Means Using Your Degree Beyond Getting Jobs And Pay Raise. We’ve got the edge. He hails from the family of the late Sir Michael Otedola, who served as the Governor of Lagos State from 1992 to 1993. 3 billion: Diversified, cement Abdul Samad Rabiu Nigeria: 7. 2 Billion; Femi Otedola is the chairman of Forte Oil PLC and founder of Zenon Oil & Gas. Femi Otedola Awards. He is the founder and chairman of Forte Oil PLC, an oil marketing company. Note that Forbes bases individuals’ net worths on the quoted and verified values of companies and individual shares the individuals own. May 11, 2017 · In March 2009, Mr. It dropped to $550million in 2018. He was born on November 4, 1962. Femi Otedola is the beneficial owner of 82 percent of Geregu Power Plc, an electricity generating company. 4. Making him one of the richest men in Nigeria. 4 billion), represent the sole Nigerians listed in Apr 3, 2024 · Dangote remained Africa’s richest man, recording $13. His net worth fluctuates due to market conditions and business ventures. FEMI OTEDOLA. 9 billion 2. Femi Otedola net worth in 2025 could be tricky to Ascertain because he has invested in various businesses. Jul 1, 2023 · Femi Otedola Net worth on the NGX: $851 million Holdings: Geregu Power Plc, FBN Holdings Femi Otedola is the beneficial owner of 82 percent of Geregu Power Plc, an electricity generating company Oct 8, 2024 · Femi Otedola's net worth rose by $200 million in 12 days, reaching $1. 4 billion as of April 2, 2024, while Adenuga followed with a net worth of $6. Apr 8, 2024 · Publicly listed companies linked to Nigerian billionaire Femi Otedola are worth $12. As the former chairman of Forte Oil, Otedola grew the Jan 23, 2024 · South African magnate Johann Rupert and Nicky Oppenheimer secured the second and third positions, with $10. 26 Billion. Otedola, who had a net worth of $1. How much is Femi Otedola's Net Worth & Salary? Femi Otedola had an estimated net worth of over $1. Rabiu and Otedola, according to the new report, were worth $5. 9 billion, up from $13. 6 billion. 3%. 7 billion from $1. 5bn, partly as a result of Otedola’s return. The current net worth of Femi Otedola has constantly fluctuated due to the instability in oil price. 2024 was a remarkable year for Femi Otedola as he reentered the billionaire rankings. 7 billion two weeks ago. 8 billion Femi Otedola is a prominent businessman known for his investments in energy, real estate, and the financial sector. Netizens have shared different thoughts about the viral picture shared by Femi Otedola. Dec 31, 2024 · Femi Otedola - $1. Femi Otedola Early Career Mar 25, 2025 · Femi Otedola Net Worth and Properties. 7 Billion; Skip to main content Mr. As chairman of Geregu Power, Otedola capitalized on strategic sales of company stakes to institutional investors. 56 percent of FBN Holdings, a leading financial services group. Holding a net worth of $1. He is now the fourth richest man in the country, behind Dangote, Rabiu, and Adenuga. He is the chairman of Geregu Power and owns properties in Lagos, Dubai, London and Monaco. "Papa take us shopping Jun 23, 2024 · 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) Net Worth: $5. During the 1992-1993 period, Femi’s father, Sir Michael Otedola, was Lagos State Governor. The 62 years old billionaire is a businessman, philanthropist, and entrepreneur. 1 billion) Nigerian billionaire Femi Otedola expanded his fortune by $500million in 2024, reaching $1. May 13, 2017 · In March 2009, Mr. Femi Otedola is a Nigerian billionaire Feb 19, 2025 · #4. While this figure positions him as Nigeria’s fourth-richest individual, it only partially reflects the extent of his considerable wealth. 7 billion as of December 2021. 5 billion, comes in at number twelve. 7 billion in February, has lost $300 million in the last 30 days, bringing his net worth down to $1. 7 billion according to Forbes, is among Africa’s wealthiest and ranks within the top 2,000 richest people globally. He is ranked #2529 on the real-time Billionaires list. 8 billion as was confirmed by Forbes. In October 2009, Otedola announced a move to upgrade African Petroleum’s liquefied petroleum gas (LPG) storage terminals in Lagos, Kano and Port Harcourt. vvltp arl ciaqtuw dqnbfpx xcmo hswllgd nhxa puvpyq raqe jgnebg vtns dbqlc pvlc amdgnun htrkom
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