Wondering about what is the net worth of Femi Otedola?
Today we will certainly be talking about one of the richest people in Nigeria, yet likewise in the whole of Africa and worldwide.
Femi Otedola’s net worth is more than N100 billion and he is actually one of the richest billionaires in Nigeria.
If you have heard of him already, then you certainly know that he is an extremely effective entrepreneur and the father of a famous disc jockey, DJ Cuppy.
Moreover, in this post, you will have the opportunity to discover even more about Femi Otedola’s net worth and also his personal life.
We will also tell you more about his career life.
In fact, you will certainly have the chance to learn a few stuff regarding his child DJ Cuppy.
Now let start by informing you about Femi Otedola’s biography and history of life.
Femi Otedola Biography and History
Femi Otedola was born in Oyo State, Nigeria on November 4, 1962.
However, his father was one of the famous people in Nigeria, actually the Governor of Lagos state.
He started his education in Nigeria and graduate from the Obafemi Awolowo University in Osun State.
After he graduated from university, he chooses to start a household business that was connected to Printing Press.
As earlier mention about who Femi Otedola’s father was.
His father’s name is Late. Sir Michael Otedola who died in 2014 at the age of 87.
He died has one of the successful and richest politicians in Nigeria.
However, his mother’s name is Lady Doja Otedola who was behind the success of Femi’s father and that of his son Femi Otedola.
Today, Femi Otedola is married to one of the successful and richest businesswoman in Nigeria by name Nana Otedola.
Moreover, his wife founded a company called “Garment Care Limited” which is a dry-cleaning business located in Lekki, Lagos State. Nigeria.
With much money under his wife’s power, his wife is still looking younger than her actual age.
However, the couple is blessed with four children – a boy and three girls.
Moreover, his first daughter’s name is Olawunmi Christy Otedola, referred to as Tolani, as well as she is really effective in vocal singing.
One of his children is widely known as a DJ, Music Producer and Nigerian Tourist Ambassador which is DJ Cuppy.
Dj Cuppy’s real name is Florence Ifeoluwa Otedola a daughter to the richest businessman and a billionaire “Femi Otedola”.
His third daughter “Elizabeth Temi Otedola” is a fashion blogger and YouTuber who managed JTO Fashion.
She is working in the world of fashion and she is also extremely successful.
Besides these three daughters, Femi Otedola have a son name Fewa Otedola.
Femi Otedola Career Life
Femi Otedola is one of the richest men in Africa most regard as Oil Mogul.
However, He started making his early money from the family printing press before venturing to Oil and Petroleum industry.
In 1994, Femi Otedola starts another multi-million business in Finance and Investment industry.
During that time, Femi Otedola was already famous and richest in Nigeria.
Moreover, He has been recorded that Femi Otedola has invested over N20 billion to his petroleum company “Zenon Petroleum and Gas Limited”.
In 2006, he joined another multi-billion company “Transnational Corporation of Nigeria PIc” as one of the Executive Director.
In 2007, he was appointed the Chairman of African Petroleum Company which was later change to Forte Oil PIc.
However, this company has over 500 petrol stations in all African countries.
In the same year, he became the chairman of the Transcorp Hilton, Abuja.
Nevertheless, Femi Otedola is also a member of the Nigerian Investment Promotion Council (NIPC).
In fact, he is also the founder of FO Properties Limited as well as SeaForce Shipping Company Limited.
These are just businesses under his power but he has also partnered with over 50 other businesses in Nigeria and Aboard.
However, the above-listed companies owned by Femi Otedula will give you an inside to what Femi Otedola’s net worth will be.
Femi Otedula Net Worth
Femi Otedula is one of the richest people in Africa.
However, he owns one of the biggest mansions in Lagos.
Moreover, he also owns properties in Abuja, Dubai and another part of the world.
According to Forbes in 2016, Femi Otedula net worth decreased from $550 million to $300 million.
Checking back in 2019.
Femi Otedula net worth is estimated at $300 million (which is approximately N108 billion).
Nevertheless, Femi Otedula is also reported having a house in NewYork, USA and in London, UK.
Sum Up about Femi Otedola Net Worth.
Femi Otedola is one of the richest people in Nigeria and Africa as well as in the world.
He has been featured on Forbes Magazine, business talk, seminar and gathering of the business mindset.
However, he is married to Nana Otedola and the marriage is blessed with four children, a son, and three daughters.
Moreover, His net worth is estimated to worth about 300 million dollars as of 2019 which is approximately N108 billion.
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