Today we will be talking about one of the wealthiest people in Nigeria, but also in the whole Africa and maybe worldwide.
He is a billionaire and his net worth is more than 300 million dollars. The name of the personality that we are going to present you today is Femi Otedola.
If you have heard of him already, then you certainly know that he is a very successful businessman and the father of a popular musician DJ Cuppy.
However, in this article you will have the opportunity to find out more about Femi Otedola and his life. We are going to present you his career and to tell you something about his personal life, too.
You will have the chance to read a couple of words about his daughter DJ Cuppy as well. Many interesting things are expecting you in this article and you will have the opportunity to see how the life of someone who is very rich looks like.
The birth place of Femi Otedola is Ibadan, Oyo State, Nigeria and his date of birth is November 4, 1962.
His father had a very high position in society and he was actually the Governor of Lagos State. Femi Otedola graduated from Obafemi Awolowo University in Osun State.
Soon after finishing his studies, Femi Otedola started a family business that was related to printing press.
Below in this article you are going to get more information about the professional life of Femi Otedola. You are going to see in which way his career began and what businesses made him so rich and successful.
As we have said, Femi Otedola is one of the wealthiest people in the whole Africa. He is an oil mogul and the most powerful person in Nigeria.
However, before he started working in petroleum industry, he was dedicated to a family business, as we have already mentioned. It was a printing press work and it brought his family a lot of money.
However, the year 1994 was very important for Femi Otedola because in this year he started businesses related to finances and investment.
Femi Otedola is the founder of the company specialized in marketing of the petroleum products that has the name Zenon Petoleum and Gas Limitied. Femi Otedola invested a big amount of money (more than 15 billion Naira) in this business and its development.
The year 2007 was very important for the business of Femi Otedola. In this year he became the chairman of the African Petroleum Company. A couple of years later the company’s name was changed into the name Forte Oil PIc.
This company is still working great and brings a lot of money to Femi Otedola. There are 500 petrol stations all over Africa in the ownership of this company.
There is no doubt that Femi Otedola is a very influential person when it comes to the economy of Nigeria. His another business is related to Transnational Corporation of Nigeria PIc, so in the year 2006 he became the non-executive director of this company. It s also known that Femi Otedola is one of the members of NIPC, which means actually Nigerian Investment Promotion Council.
But, it is not all what we can tell you about the business of Femi Otedola. He is also the owner of SeaForce Shipping Company Limited, as well as the owner of FO Properties Limited. In the year 2007 he became the chairman of the hotel Transcorp Hilton that is located in Abuja.
It is also important to know that Femi Otedola is included in many other businesses as well. We have mentioned only a couple of companies that are in his ownership right now but there are also some others. If we take it into account, it is not a surprise to know that he is one of the richest people in Africa.
Later in this article you are going to see what his net worth exactly is, but now we are going to talk a little bit about his family and personal life.
We have already mentioned the father of Femi Otedola whose name was Michael, but he was known as Sir Michael Otedola. He died in the year 2014, at the age of 87.
As we have said, he was the Governor of Lagos State in Nigeria and one of the most successful Nigerian politicians. When it comes to the mother of Femi Otedola, there is not much information about her, but we know that her name is Lady Doja.
Femi Otedola is a married man and the name of his wife is Nana Otedola. She is also very successful in her business. She has a dry-cleaning firm in her possession and it is the main source of her personal income. The name of this firm is Garment Care. Nana Otedola is a very pretty woman and she is still looking very young.
Femi Otedola and Nana Otedola have 4 children – a son and 3 daughters. Their first daughter’s name is Olawunmi Christy Otedola, known as Tolani, and she is very successful in singing.
As we have mentioned earlier in this article, one of his daughters is popular in the world of music and she is known by her stage name DJ Cuppy, even though her real name is Florence Ifeoluwa Otedola. Not only is she a DJ, but she is also a music producer and a Nigerian tourist ambassador.
Elizabeth Temi Otedola is another daughter of this rich couple and she is a style blogger. She is working in the world of design and fashion and she is also very successful. Apart from their 3 daughters, Femi Otedola and Nana Otedola have also a son and his name is Fewa Otedola.
We are going to present you now the most important things from Femi Otedola’s biography. You are going to see in short his personal dates, as well as the members of his family, etc.
Full name: Femi Otedola
Date of Birth: November 4, 1962
Birth place: Ibadan, Oyo State, Nigeria
Residence: Lagos, Lagos State, Nigeria
Education: Obafemi Awolowo University, Osun State
Occupation: Businessman, philanthropist, former chairman
Personal Life and Family
Father’s name: Michael Otedola
Mother’s name: Lady Doja
Siblings: Not available
Marital status: Married
Spouse: Nana Otedola
Children: 3 daughters and a son – Olawunmi Christy Otedola (Tolani), Florence Ifeoluwa Otedola (DJ Cuppy), Elizabeth Temi Otedola, Fewa Otedola
Personal Look and Measurements
Height: Not available
Weight: Not available
Hair Color: Black
Eye Color: Black
Net Worth and Salary
Net worth: $300 Million
In the year 2009 the estimated net worth of Femi Otedola was circa 1.2 billion dollars, so at this time he got the place on the famous Forbes list of the richest people in the world.
However, it is said that in the following years his net worth reduced, so in the year 2016 it was ca. 550 million dollars.
His current net worth is 300 million dollars (March 2019).
He is still one of the wealthiest people in Africa, as well as in the whole world. He owns a couple of big and beautiful houses. His houses are located in Lagos, Dubai, Abuja, as well as in other parts of the world. It is known that Femi Otedola possesses a house in New York City, as well as a house in London.
Those are the official profiles of Femi Otedola on Twitter and Instagram, so you can join him and follow his work.
Even though Femi Otedola doesn’t have too much time for social networks, he is active from time to time and he is posting the things related to his business usually. He is posting rarely the photos with his family, so if you want to see them, you should better find the profiles of his children. They are posting regularly their family photos and they are showing in public their lifestyle.
However, it is important to say that there is not an official profile of Femi Otedola on Facebook, but there are a couple of profiles that may be created by his fans.
Now you are going to see a quick summary about Femi Otedola and his life. We will remind you of the most important things related to this famous African billionaire.
In the article of today we have presented you Femi Otedola, one of the wealthiest and most powerful people in Africa. He is a famous businessman and his net worth is 300 million dollars.
Femi Otedola was born on November 4, 1962 and he is 57 years old now. He was born in Ibadan, Oyo State, Nigeria, but he lives currently in Lagos, Lagos State, Nigeria.
He founded the company Zenon Petroleum and Gas Limitied and he is the owner of many other companies as well. The father of Femi Otedola was a famous Nigerian politician Sir Michael Otedola.
Femi Otedola is married and his wife is Nana Otedola. They have 4 children, actually three daughters and a son. One of the daughters of Femi Otedola and Nana Otedola is known as DJ Cuppy. She is one of the most famous disc jockeys not only in Nigeria, but also in the whole Africa.
We hope that you have found interesting information about Femi Otedola in this article. You have seen what his profession is and also in which way he is earning his money.
We have also told you a couple of facts about his personal life. Femi Otedola is present on Instagram and Twitter, so if you want to find out more about his career and family life, you can find him on social networks.