Femi Otedola Bio, Age, Wife, Father, Son, Companies, Net Worth
Femi Otedola Biography
Femi Otedola, born on November 4, 1962, is a renowned Nigerian businessman and philanthropist. He first made his mark in the oil and gas industry. Subsequently, Otedola founded Zenon Petroleum and Gas Ltd, revolutionizing Nigeria’s diesel market. In 2007, he acquired a majority stake in African Petroleum, later rebranding it as Forte Oil. Notably, Otedola diversified his portfolio by investing in power generation and financial services. Moreover, he expanded into real estate and shipping. Despite facing challenges, Otedola’s resilience led to remarkable comebacks. His philanthropic efforts focus on education, healthcare, and youth empowerment. Additionally, Otedola supports various charitable causes across Nigeria. He consistently ranks among Africa’s wealthiest individuals. Furthermore, Otedola’s business acumen has earned him numerous accolades. His success story continues to inspire aspiring entrepreneurs worldwide. Ultimately, Femi Otedola’s impact on Nigerian business and society remains significant.
Femi Otedola Age
Femi was born on November 4, 1962, making him 61 years old. As a prominent Nigerian billionaire, Otedola’s age reflects his extensive experience in the business world. Over the years, he has built a reputation for his strategic investments and philanthropic efforts, remaining influential in Nigeria’s economy.
Femi Otedola Wife
Femi Otedola stands as the devoted Husband of Nana Otedola. The couple has enjoyed a long-lasting marriage, supporting each other through various life stages. Together, they have raised four children, including famous DJ Cuppy. Nana maintains a low profile despite her husband’s high-profile status. Nevertheless, she actively participates in family events and philanthropic activities alongside Femi.
Femi Otedola’s Mother
Lady Doja Otedola, Femi’s mother, was a remarkable woman of dignity and grace. She played a crucial role in shaping Femi’s values and character. Throughout her life, Lady Doja actively supported her son’s entrepreneurial journey. Moreover, she was known for her philanthropic efforts in the community. Sadly, Lady Doja passed away in 2021, leaving behind a legacy of kindness and strength.
Femi Otedola Father
Femi Otedola’s father, Sir Michael Otedola, played a significant role in Nigerian politics and business. Sir Michael served as the Governor of Lagos State from 1992 to 1993. He instilled strong values and work ethic in his son Femi. Additionally, Sir Michael’s political career influenced Femi’s business acumen. Sadly, he passed away in 2014, leaving a lasting legacy. He often credits his father for shaping his entrepreneurial spirit.
Femi Otedola Siblings
Femi Otedola has two known siblings: Ayokunle Otedola and Rotimi Otedola. Ayokunle, his brother, maintains a low public profile despite the family’s prominence. Meanwhile, Rotimi has ventured into politics, following their father’s footsteps. The Otedola siblings share a strong bond, often supporting each other’s endeavors. However, unlike Femi, Ayokunle and Rotimi prefer to keep their personal lives private. Their relationships highlight the family’s close-knit nature.
Femi Otedola Son
Femi Otedola’s son, Fewa Otedola, is the youngest of his four children and his only male offspring. Born with autism, Fewa faces life’s challenges with remarkable strength and resilience. Despite his condition, he actively participates in family events and celebrations. Femi often expresses pride in Fewa’s progress and achievements. Moreover, Fewa’s sisters, especially DJ Cuppy, frequently share their love and support for him publicly. His journey continues to inspire many families dealing with autism.
Femi Otedola’s Daughters
Femi Otedola’s three daughters, Tolani, Florence (DJ Cuppy), and Temi, have carved impressive paths in their respective fields. Firstly, Tolani pursues a thriving music career, showcasing her vocal talents. Secondly, Florence, widely known as DJ Cuppy, dominates the international music scene as a DJ and producer. Lastly, Temi excels in fashion and has recently ventured into acting. Together, they embody their father’s entrepreneurial spirit and philanthropic values.
Femi Otedola Forbes
Otedola consistently features on Forbes’ lists of Africa’s wealthiest individuals. His net worth fluctuates due to market conditions and business ventures. Notably, Forbes recognized Otedola as a billionaire in 2009. However, his wealth has seen significant shifts over the years. Despite these fluctuations, Otedola maintains his status as one of Nigeria’s most prominent businessmen. Forbes continues to monitor his financial standing, reflecting his impact on African business.
Femi Otedola First Bank
Is Otedola the owner of First Bank?
Femi Otedola acquired a significant stake in First Bank of Nigeria Holdings (FBNH) in 2021. This bold move surprised many in the financial sector. Initially, he purchased a 5.07% stake, quickly increasing it to 7.57%. Subsequently, Otedola became the bank’s single largest shareholder. His investment in First Bank demonstrates his keen interest in Nigeria’s financial services industry. Consequently, this acquisition further diversified Otedola’s already impressive business portfolio.
Femi Otedola Business
Femi Otedola built his fortune primarily through the oil and gas industry, founding Zenon Petroleum and Gas Ltd. He later acquired a majority stake in Forte Oil, a leading petroleum marketing company. Subsequently, Otedola expanded into power generation with Geregu Power Plant. Recently, he ventured into financial services by acquiring shares in First Bank. Additionally, Otedola invests in real estate and shipping. His business acumen continues to drive growth across various sectors.
Femi Otedola Companies
Otedola owns and invests in several prominent companies across various sectors. Firstly, he founded Zenon Petroleum and Gas Ltd, a major player in Nigeria’s oil industry. Secondly, Otedola acquired significant stakes in Forte Oil, later selling his shares. Additionally, he owns Geregu Power Plant, contributing to Nigeria’s energy sector. Recently, Otedola became a major shareholder in First Bank Holdings. These investments showcase his strategic approach to business diversification.
Femi Otedola’s Cars
Femi Otedola boasts an impressive collection of high-end vehicles. His garage reportedly includes a Rolls-Royce Phantom, symbolizing ultimate luxury. Additionally, Otedola owns a sleek Ferrari, showcasing his taste for speed and style. He also possesses a Range Rover, perfect for both city drives and rugged terrain. Furthermore, the billionaire’s collection features a Mercedes-Benz AMG G63. Notably, Otedola once gifted each of his daughters Ferrari Portofinos, demonstrating his extravagant generosity.
Femi Otedola’s Donation
Femi Otedola consistently makes significant donations to various causes across Nigeria. He notably pledged N5 billion to the Save the Children Fund in 2019. Additionally, Otedola donated N1 billion to combat COVID-19 in Nigeria during the pandemic. He also supports educational initiatives, funding scholarships and infrastructure development. Furthermore, Otedola contributes to healthcare, sponsoring medical treatments for individuals in need. His philanthropic efforts demonstrate a strong commitment to improving lives in Nigeria.
Femi Otedola Education
Femi received his early education at prestigious institutions in Nigeria. He attended Olivet Baptist High School in Oyo State for his secondary education. Subsequently, Otedola pursued higher studies at Obafemi Awolowo University in Ile-Ife. However, he later transferred to complete his education abroad. Notably, Otedola studied at Central Saint Martins College in London. His diverse educational background significantly contributed to his business acumen and global perspective.
Femi Otedola’s Foundation
Femi Otedola Foundation spearheads various charitable initiatives across Nigeria. It primarily focuses on education, healthcare, and youth empowerment. The foundation provides scholarships to underprivileged students, enabling access to quality education. Additionally, it supports healthcare facilities, funding medical equipment and treatments. Moreover, the foundation initiates programs to nurture young entrepreneurs. Through these efforts, Femi continues to make a significant impact on Nigerian society. The foundation exemplifies Otedola’s commitment to giving back to his community.
Femi Otedola Net Worth
Femi Otedola’s net worth fluctuates due to market conditions and business ventures. Forbes estimated his wealth at $1.8 billion. However, recent estimates vary widely. Despite fluctuations, Otedola consistently ranks among Nigeria’s wealthiest individuals, reflecting his business acumen.
