Femi Otedola Net Worth: See His Biography, Cars, Education, Family, Children, and Wife

Femi Otedola is one of the wealthiest men in Nigeria and the father of the famous musician Dj Cuppy. Legitng reported that he stopped by in Italy when making a trip for an hour to buy ice cream, and this shows how wealthy he is. He is a business mogul and has made his mark in the Nigerian oil and gas sector. He is the current executive chairman of Geregu Power PLC and the founder and CEO of Zenon Petroleum.

Femi Otedola Biography

Femi was born on November 4, in Ibadan Western Region, known as Oyo State, to Sir Michael Otedola and Lady Doja. His father served as the then Governor of Lagos state during the Nigerian third republic from 1992 to 1993.

Femi Otedola Education

Born into a very influential family, his parents knew the value of education. They sent him to Olivet Baptist High School, founded by American South Eastern Baptist in 1945 and situated in Oyo state, his place of birth. After high school, Femi proceeded to Obafemi Awolowo University, Ife.

Femi Otedola Career

As one of Nigeria’s richest oil and gas moguls, he has had quite an enviable career, which we will explore in this section. Femi’s first shot in the oil and gas sector was in 2003 when he set up Zenon Oil and Gas Ltd after securing the finances. The company is a products marketing and distribution company, and two years later, it blew up to become the supplier of significant infrastructures to many top companies in the country.

In 2007, he became the chairman of African Petroleum, which later rebranded to what we now know as Forte Oil, but by then, he had acquired the most significant stake in the company, which made him the owner. After that, he received Geregu Power Plant, and recently, it was announced that he became the single largest shareholder of First Bank Plc.

Femi Otedola Wife, Children, Family

Apart from being a successful businessman, he is also a wonderful father and husband. Before tying the knot with his wife, Nana Otedola, he had an affair with Olayinka Odukoya, leading to the birth of his first daughter Tolani Otedola. His marriage to his current wife, Nana, produced three children: two girls(Florence Ifeoluwa and Elizabeth Temi) and a boy Few Otedola, his only male child.

Femi Otedola Cars, Net worth

Femi Otedola’s net worth is estimated to be $ 2 billion, and he is said to be the owner of different luxury cars like the BMW 6 series and Rolls-Royce Phantom, which is a car that is only seen among the elites. He also bought 3 Ferraris for his daughters and this act got a lot of response from other celebrities.

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