Femi Otedola of Nigeria is the former chairman of of forte oil plc, an oil marketing and power generation company. 0. His father Sir Michael Otedola was the governor of the Lagos State from 1992 to 1993. According to the world rankings of the richest people, he is number 1011 richest man. Of all his pricey properties his home in Ikoyi is where he and his family resides. Femi was born on November 4, 1962, in the Nigerian city of Ibadan, Oyo State. He eventually merged Zenon oil with African Petroleum. In fact, Nigerian singer and rapper Shasha Damilola Alesh, better known by his stage name Dice Ailes, has a 2017 song titled Otedola. Posted by Emmanuel Ekokotu June 10, 2020. The wealthy daughter of Femi attended her school from London. Share. On the 4th of November, 1962 Femi Otedola was born into the affluent home of Late Sir Michael Otedola and Mrs. Nana Otedolain Ibadan, the capital of Oyo State, Nigeria. Femi Otedola's net worth. How many children does Femi Otedola have . Additionally, Otedola donated a sum of over N200 million which is around $5523946 to the State Security Trust to reduce crime in Lagos. With such a tremendous amount of wealth, Oteloda became the second to appear on the Forbes list of dollar-denominated billionaires. His sojourn in business started when he successful ran the family’s printing business in the 1980s. He suffers from a condition called “Autism” and has been so since he was born that is why he is not so much in the spotlight like his other siblings. His estimated Networth for 2020 should be about $400million. His only son Fewa and heir to his wealth is mentally challenged. Femi Otedola’s Net Worth currently stands at a staggering $3.59 Billion. In March 2009, Femi Otedola became the second Nigerian after Aliko Dangote to appear on the Forbes list of the richest billionaires in Africa, with an estimated net worth of … Prior to his demise, Sir Michael Otedolawas the governor of Lagos State from 1992 to 1993. Femi Otedola was reported to have bribed a sum of over $620,000 to the Chairman Boniface Emenalo and Farouk Lawan of the House Committee on Fuel Subsidy Regime. Net Worth. In 2008, he donated N80Million to the Faculty of Agriculture at the University of Port Hacourt. Share this: Femi Otedola’s Age, Childhood, and Family. Femi first started his business at the age of six where he would offer to groom my parents’ guests’ nails called FEMCO. So, how much is Femi Otedola worth at the age of 58 years old? Otedola was worth $1.8 billion and ranked 1011st richest person in the world. Femi Otedola is an entrepreneurial mogul and billionaire who is the chairman of Forte Oil Plc, Zenon Petroleum and Gas Ltd, among others. News. Read More: Jordan Maron  Bio, Marital Status, Net worth. Otedola was worth $1.8 billion and ranked 1011st richest person in the world. The credit plunge of 2008-2009 led African Petroleum to record a massive loss in the year 2009. In March 2007, Zenon received a loan of over $1.5 billion to build Africa's largest premium spirit facility. Jim Iyke Net Worth and Biography. Temi Otedola net worth: $100,000 - $1M. It became a successful venture that by 2005, Zenon was a big name in the Nigerian petroleum market. Share on. Before his venture into the petroleum scene, Femi Otedola worked for the family printing press in the 90s. His entrance into the management of AP caused the company’s shares to soar. And her body weight is about 58 kg. She was born into the Family of Famous and influential business man Femi Otedola. When Forbes published its annual rich list in March 2016, Otedola was ranked as 1011st richest person in the world with a net worth of $1.8 billion. 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. Similarly, he also possesses various expensive automobiles. He also bought a house in Banana Island, one of the most expensive locations in Nigeria. Sign in Join. Femi Otedola (born () 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. 1. Hausa News; ... Femi Otedola Biography And Net Worth. In 2015, Forte Oil sold 17 percent of its equity to Swiss commodity trader Mercuria Energy Group, giving Forte Oil access to global commodity markets. Femi Otedola is a Nigerian businessman, philanthropist, and former chairman of Forte Oil PLC, an importer of fuel products. Femi Otedola is the second African man to wade into the Forbes list, just after his friend, Aliko Dangote. Femi Otedola had an estimated net worth of over $1.8 billion as of 2009. Femi Otedola is married to the beautiful Nana Otedola. He owns multi-million dollar mansion in Lagos, Abuja, Dubai, London, and New York City. He encouraged the sustainability of the Sir Michael Otedola University Scholarship Awards Foundation, which was created by his late father. Femi Otedola Net Worth. 5. BuzzNigeria – Famous People, Celebrity Bios, Updates and Trendy News, Femi Otedola Biography, Net Worth, House, Cars, Children, Wife and Other Facts, Abdul-Akaba Sumaila: Facts About The New Sole Administrator For Ajaokuta Steel Complex, 100 Sweet, Cute Things To Say To Your Crush to Make Him/Her Smile, 100 Funny Jokes For Adults That Are Nothing But Hilarious, 10 Richest Pastors in the World Right Now, 60 Romantic Words For Him Or Her That Can Absolutely Melt The Heart, 135 Sweet Goodnight Messages for Him or Her, 200+ Most Romantic Love Names For Your Loved Ones, Access Bank Online Transfer Codes, Internet and Mobile Banking, Customer Care, Is Wentworth Miller Gay or Married? In November, 2016 Femi Otedola lost more than half of his net worth when it drastically dropped from %1.8 billion to $550 million making him a millionaire rather than the billionaire he formerly was. According to him, his treasure is his family. Write CSS OR LESS and hit save. Femi Otedola Net Worth and properties. Temi was born in Nigeria on March 20, 1996, to wealthy parents Femi Otedola and Nana Otedola. Femi Otedola’s Net Worth. Read Also: 2Baba Biography (Early Life, Career, Networth) Mayorkun Biography (Early Life, Career, Networth) Kiddwaya BBNaija Biography (Early Life, Family, Net Worth) With less information regarding her career, her sole net worth cannot be assumed. Her father is a CEO of Zenon Petroleum and Gas Company. CTRL + SPACE for auto-complete. According to the 2019 Forbes 2019 ranking of the world's billionaires, Nigerian business magnate Aliko Dangote had a net worth of $10.9 billion and was the world's richest black person. With the growing success of Zenon Otedola donated to noble cause including N300 million to the completion of the Abuja National Ecumenical Centre and 80 million Naira to the faculty of agriculture at the University of Port Harcourt. Moreover, the youngest son Fewa joins his father business. Wife, Boyfriend, Brother, Family, Net Worth, 85 Cute Good Morning Texts for Him /Her to Brighten the Day, 100 Really Cute Things To Say To A Girl You Like, Who Is Bobrisky? Before the price decrease, Femi Otedola had a fortune of $1.8 billion, which dropped to just $550 million once the value of oil got dramatically lower. 0. Biography, Before and After, House, Net Worth, Facts. He invested a huge amount of over N15 billion in developing the infrastructure. He net worth has been growing significantly in 2018-19. Otedola has a total net worth of $2 million which she earned from her career as a fashion blogger. Occupation: Businessman and Entrepreneur; Nationality: Nigeria; Marital status: Married; Private phone number: Not available; Femi Otedola Biography Otedola is simplistic and only recently learned to use a tab, according to his daughter, DJ Cuppy. See Also: Abdul-Akaba Sumaila: Facts About The New Sole Administrator For Ajaokuta Steel Complex. Forte Oil revived the profit of Otedola’s petroleum company which had slumped in 2009 due to a crash in the price of oil. The billionaire owns many properties as he is the founder of FO Transport and Seaforce Shipping Company Ltd, Swift Insurance, Atlas Shipping Agency and FO Properties Limited. He would later venture in to the oil and gas industry. Recently, due to a drop in the share price of Forte Oil, which Otedola holds more than a 78% stake in, his net-worth was reduced to $1.2 billion. Otedola has a daughter named Tolani who is a singer from his previous marriage. Femi Otedola is a Nigerian businessman, Philanthropist, and oil trading supremo of Forte Oil PLC and the founder of many business sectors. In June 2019, Femi Otedola announced on his verified Instagram page that he is signing off from the Petroleum business and focusing on the power generation business. Femi Otedola’s income source is mostly from being a successful Businessman. In 2010, African Petroleum rebranded itself to Forte Oil PLC. The name ‘Femi Otedola’ symbolises wealth in Nigeria and it is commonly mentioned in Nigerian mainstream songs. Recently, due to a drop in the share price of Forte Oil, which Otedola holds more than a 78% stake in, his net-worth was reduced to $1.2 billion. 2. With such a tremendous amount of wealth, Oteloda became the second to appear on the Forbes list of dollar-denominated billionaires. Temi Otedola is Family Member with an estimated net worth of $100,000 - $1M.But how did she get her wealth? Unfortunately, his bank balance decreased drastically after facing difficulties in the economic condition which was caused by the slump in world oil prices. From the second marriage, he had two more daughters, Florence Ifeoluwa and Elizabeth Temi and a son, Fewa. One of his daughters is Nigeria’s most popular female DJ, Florence Ifeoluwa, also known as Dj Cuppy. View fresh updates on Temi Otedola’s earnings, income, bio, and facts below ⤵ 3. As a business tycoon whose wealth comes majorly from the oil sector, he has lots of luxury homes and cars which he shares with his lovely family. Femi Otedola continues to rule his business empire with a firm hand and earn millions. Femi Otedola’s Net Worth. Ascertaining the actual net-worth of Femi Otedola is difficult as he has investments in different businesses. However, the amount of his total assets is still under review as of now. It dropped to $550million in 2018. In 2007, he donated N200 million to the State Security Trust Fund which was done to aid crime fighting in Lagos. It is based on an annual assessment of wealth and assets compiled and published by Forbes magazine. hes has $1.8 billion dollars estimated net worth, from his profile you will agree with me that Femi Otedola might even worth more than this. Femi Otedola is a popular Nigerian Businessman with a lot of businesses around the country. 2. 3. He is from Nigerian. They have four children together, 3 daughters, Christine, Ifeoluwa and Temi, and a son Fewa. READ NEXT. This drop-in his net worth was an effect of the heavy decline in the stock price of Forte Oil. Later on, Femi started his oil business in 2003 after setting up Zenon Petroleum and Gas Limited. The current net worth of Femi Otedola has constantly fluctuates due to the instability in oil price. He is from Oyo state. As of now, the family is living together in peace without any rumors of divorce. However, even though Otedola stopped being a dollar-denominated billionaire in 2016, he still has a staggering net worth that makes him one of the richest people in Nigeria. Femi Otedola’s Net Worth. Femi Otedola Net Worth In 2014, he was listed by Forbes as number 29 among the richest people in Africa. This diversification caused Forte Oil’s revenue to escalate. Temi’s siblings are Olawunmi Christy, Ifeoluwa Florence (DJ Cuppy), and Prince Otedol. Femi Otedola Net Worth. Also, she has made numbers of real estate investment, including Zenon of Stallion House in Victoria Island in Lagos, from the Federal Government acquisition in N2.3 billion which is around $6,352,538 while converting in dollars. The home is a snow white colored house with roundish architecture which has three floors, an outdoor swimming pool, and a garage for Femi Otedola’s favorite car, is his bulletproof Mercedes G-Class. Let’s find out! Otedola is a sagacious man who doesn't ignore doing charitable works. Femi Otedola net worth is about 1.85 billion dollars. In addition to his income, he also receives quite a paycheque from his investment in several financial and insurance company such as SeaForce Shipping Company Ltd, Swift Insurance, Atlas Shipping Agency and FO Properties Limited. He is a philanthropist and former chairman of Forte Oil PLC. Femi Otedola Net Worth. We have estimated Femi Otedola's net worth, money, salary, income, and assets. Femi Otedola Biography and Net Worth. Femi Otedola Net Worth 2020 And Biography. According to the latest release by Forbes, Femi Otedola has net worth of $2.3 billion which puts him at the third position in terms of wealth in Nigeria. This drop in his net worth was an effect of the heavy decline in … By. He is also the chairman of zenon petroleum and gas Ltd. After the birth of his first child, Tolani, Femi married Nana Otedola. 0. Femi wanted his company to be removed from the list of a firm that was included for abusing fuel subsidy regime. Femi Otedola Net Worth: Femi Otedola is a Nigerian business mogul, investor, industrialist and an established entrepreneur who has a net worth of $1.8 billion dollars according forbes 2016 world billionaire ranking. In 2003, Femi Otedola set up Zenon Petroleum and Gas Ltd. 4. A receipt would be written then he would get the payment of his service. 1.2m Followers, 7 Following, 318 Posts - See Instagram photos and videos from Femi Ote (@femiotedola) He has made several donations to the Michael Otedola University Scheme for the underprivileged students for higher education. Due to the acquisition of a large part of African Petroleum, in 2007, Femi Otedola was named the chairman and chief executive of the company. As of 2020 Femi Otedola net worth is $1.8 … Published On Mon Jun 17 2019   Modified On Mon Jun 17 2019, Jordan Maron  Bio, Marital Status, Net worth. Aliko Dangote ($10.33B ~ N3,724B) - the official richest man in Nigeria & Africa. Femi Otedola Biography: Net worth. Florence is a DJ and a music producer famously known as DJ Cuppy. In November 2016 Femi Otedola lost more than half of his net worth when it drastically dropped from %1.8 billion to $550 million making him a millionaire rather than the billionaire he formerly was. Temiloluwa Elizabeth Otedola who is well known as Temi Otedola or JTOFashion is a Nigerian fashion blogger, actress, and last daughter of Nigerian business tycoon and billionaire, Femi Otedola who is one of the richest Nigerian men.. Temi Otedola was born on the 20th of March, 1997, and hails from Epe, Lagos State, Nigeria. Femi Otedola is a Nigerian business magnate, philanthropist, and former Forte Oil PLC chairman and an importer of fuel products born on the 4th November 1962 in Oyo State, Ibadan. Otedola wanted to be a reverend person but, his path took him into the business stream. The following is a list of Nigerian billionaires. Otedola comes under the top most influential persons of Africa. In 2011, he received an appointment to serve Nigeria’s National Economic Management Team by President Goodluck Jonathan and as part of the liberalization of the sector in Nigeria, he recently invested in power generation. Also Read: Laura Garcia Bio, Marriage, Net worth. Otedola restructured the company, focusing on technology and improved corporate governance which reformed the financial position resulting in a 1,321 percent rise in its shareholdings. Femi Otedola life. He thus owns another home in Abuja which is slightly smaller than his Ikoyi home. Moving on to Temi’s relationship status, she is not married. Femi Otedola was born in 1962 to the family of late Sir Michael Otedola, who was the governor of Lagos state between 1992 and 1993. It even secured deals with top Nigerian companies to which Zenon supplied petroleum products. See Also: Creativity Means Using Your Degree Beyond Getting Jobs And Pay Raise Forte Oil also got involved in power generation. Apart from his home in Ikoyi, Femi didn’t want to be left out when it came to acquiring choice properties in enviable locations. Femi Otedola is 58 Years Old. However, when he’s not winning at life and making Forbes’ lists, he enjoys cruising on his yacht. Aliko Dangote was … Temi Otedola: Birthday, Family, Facts. Temi is 5 feet and 9 inches tall in height (1.75 m). He has also held other positions and appointments in his career. She must have gathered a tremendous sole net worth by her own. Femi Otedola cars reportedly include a fleet of custom Rolls Royce cars in London and a Mercedes fleet in Nigeria worth close to $8 million.
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