In today’s article, we will be writing on Femi Otedola Net Worth, I know vividly well you all want to know more about this business tycoon, that is why we have dedicated our time to writing this article containing his Biography and Net worth. How much he is really worth? you wish to find out?, then read along as we unveil his Net worth and Biography. Femi Otedola tends to be a very famous and wealthy man and also one of the most regarded and rated billionaires in Nigeria today, being a businessman with the good ideology of business, his investments have spread wide and far and contributed immensely to the country’s important economic sector. However, over the years he has been a very major Business icon and dealer in the Nigeria Oil and Gas industry for many years now, which for now nobody can take his meet up with his rapid growth of success in Nigeria Oil and Gas.
Femi Otedola Net Worth 2020 And Biography
- Full Name: Femi Otedola
- Net worth in Dollars: $ 2.3 billion
- Age /Date of Birth: 4th of November 1962
- State Of Origin: Oyo state
- Place of birth: Ibadan, Oyo state.
- Occupation: Businessman and Entrepreneur
- Nationality: Nigeria
- Marital status: Married
- Private phone number: Not available
Femi Otedola Biography
Femi Otedola was born on the 4th of November 1962, to the family of Mr. Micheal Otedola. His father was the formal Governor of Lagos state. He was born in Ibadan, Oyo State, Nigeria he currently resides in Lagos State, Nigeria; He is a wealthy and active Nigerian businessman and entrepreneur that is dedicated to oil and gas business which is a very lucrative business in Nigeria and the world at large. Femi Otedola was recorded to have attended Obafemi Awolowo University (OAU) Ile-Ife from the year 1980 to the year 1985 making five years in total. As we may have it, his primary Education and Secondary Education were not recorded or has not been recorded rather and nothing much also was said about his childhood.
Femi Otedola Net Worth 2020 ($2.3 Billion)
Femi Otedola has been estimated to be worth $1.2 billion making a billionaire in the oil and gas sector, meanwhile, as at the year 2009, the month of march precisely, Femi Otedola was estimated to have worth $1.2 billion back then, does this now mean that Femi Otedola is not growing or making profit from his oil and gas business? No, He was noted to have a decrease in worth due to the slump in the prices of oil in the international market in the year 2016, he was recorded to have dropped down to a Net worth of $550 million estimated by Forbes. As God may have it, he has now back up, he is now estimated to be worth $2.3 billion.
Femi Otedola Business Career
After his graduation from the University, he thought of what he could do to continue life and fulfill his dreams, then he finally came up with a conclusion of being a businessman and as God would have it, he kick-started his career as a marketer for his family’s printing press, after gaining knowledge on how to manage and market a business management or company, he decided to start off his own business which was to trade petroleum products, which was like a dream come true for him.
Currently, Femi Otedola is the chief Executive officer of Forte Oil Company which was formally known as African Petroleum (AP) which I believe you all are familiar with, this company is a company that is dedicated to offering services of importing fuel products into the country, more also this company has over five hundred (500) gas stations across the country (Nigeria), this company also tend to manufacture or produce its own oil for engines and a storage gas depot is being operated by the company.
After a while he kick-started another company also in the same sector is the oil and gas sector, he became the founder of Zenon petroleum oil and gas limited, which I believe majority of us have heard about, this company (Zenon) became the largest supplier of fuel across the country after much investing much on the company, this company is now the current company that supplies fuel to big and well-known companies like MTN telecommunication company, Dangote group of companies, Coca-Cola company, Cadbury breweries company, Nestle company, and Guinness company. Femi Otedola as a man with the great wisdom of managing a business, invested into different financial institutes through Zenon Company and the company became the largest shareholder in various banks such as UBA Bank, Zenith Bank, and some other banks.
He also has other investments such as estate Business, he is the owner of FO properties, owner of Zenon of stallion house located in Victoria Island (VI), Lagos, Nigeria, which he bought from the Nigerian Government, the president of sea force shipping company which tends to be the largest shipping company in Nigeria and also own a ship which is one of a kind in Africa, which has a flat-bottomed bunker vessel and it is also the largest ship in Africa, Femi Otedola also tends to be a non-executive director of Transnational co-operation of Nigeria.
Personal / Marital life
Femi Otedola is known to be married to a woman called Nana Otedola, this holy matrimony is blessed with four lovely and cute children which are named Florence Otedola who is now a famous disk joker (DJ Cuppy) and an ambassador for Tourism in Nigeria despite the fact that she is a female by gender, Oawunmi Otedola, Fewa Otedola (Femi Otedola’s only Son) and Temi Otedola.
- Interesting facts about Femi Otedola
Femi Otedola as a famous and wealthy man being a billionaire also as viral connections with different politicians in Nigeria such as Olusegun Obasanjo, Goodluck Ebele Jonathan and others, Femi Otedola was recorded to have invested in the re-election expenses of former president Olusegun Obasanjo in the year 2003.
Femi Otedola was also noted to have a cordial relationship with the former president of the federal republic of Nigeria, President Goodluck Ebele Jonathan.
Femi Otedola has been noticed to be so close to his children especially Florence his daughter the famous Disk Joker and ambassador for tourism in Nigeria, by posting her picture on his Instagram page which was recently opened, although am not surprised because that is the way it should be, which shows that Femi Otedola is a responsible and caring father to his children and a loving husband to his wife.
He is known to own a mighty house in Lagos State, Nigeria, London, and New York City.
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Conclusion on Femi Otedola Net Worth 2020 And Biography
Femi Otedola is a fast-growing businessman and entrepreneur that ventured majorly into the oil and gas sector in Nigeria and has invested in a lot of business and made a huge amount of profit from each he invested in, with is high intelligence of managing business, he is now a famous billionaire, currently, he is one of the richest men in Africa. Meanwhile following his rapid growth in business; he would be worth more in years to come.
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