Otedola Net worth 2019 Biography Age Wife

Filed in Biography & wikipedia by on September 12, 2019

Femi Otedola Net worth 2019 Biography Age Wife: Femi Otedola is a Nigerian businessman. who is the former chairman of Forte Oil PLC. He is also philanthropist, an importer of fuel products. Otedola is also the founder of Zenon Petroleum and Gas Ltd, and he is also into shipping and real estate and finance.

Femi Otedola Biography, Net worth, Age, Wife

In this article, I will be unveiling about the life and Net worth of the popular Femi Otedola.

Femi Otedola Net Worth 2019.

Femi Otedola popularly known as the Nigerian energy mogul is a Nigerian businessman, philanthropist, entrepreneur and the former chairman of Forte oil PlC (an importer of fuel products).  Femi Otedola was born in Ibadan, Oyo State, Nigeria, his hometown on the 4th of November, 1962.

Femi Otedola Wife.

Nana Otedola

Femi Otedola Children.

DJ Cuppy, Fewa Otedola, Temi Otedola, Olawunmi Christy Otedola

Femi Otedola Education.

Obafemi Awolowo University (1980–1985)

Femi Otedola Career.

Femi Otedola as a young child wanted to become a reverend father but his business instinct started quite early. He began his journey to the world of business around the age of six when started his First business FEMCO as a nail polisher at his parent’s house.

Femi Otedola Occupation.

Zenon Petroleum and Gas.

In 2003, Otedola was able to secure some finance he used to set up Zenon Petroleum and Gas Ltd, a petroleum products marketing and distribution company, having discovered an opportunity in the fuel retail market.

As the founder and owner of Zenon, he made a lot of investments in billions of Naria that resulted to acquirement of lots of profits. By 2005,his company zenon had already become a major manufacturers in the country including Dangote Group, Cadbury, Coca-Cola, Nigerian breweries etc. The Zenon company is also one of the largest shareholder in a number of Nigerian Banks such as Zenith Bank and UBA, it is an important player in the kerosene market.

African petroleum & Forte.

In 2007, Femi Otedola was appointed the chairman and Chief executive of African petroleum through the acquisition of a controlling stake in the business. His entry into the company rose it’s share price sharply and increasing the market capitalization from #36 billion to #217 billion within a space of six months.

In 2010, The African petroleum re-branded and changed it’s name to Forte oil PlC. The company was restructured  and focused mainly on technology and improved corporate governance. Recently this year 2019, femi otedola sold forte oil Plc and announced plans to change focus from oil to power with his company, Geregu power Plc.

 investments, ventures, Positions.

Femi Otedola owns and manages the following businesses and companies; center force Ltd , Swift Insurance, Seaforce shipping company Ltd, Fo properties Ltd. He is also a real estate investor, director and chairman of many Nigerian multi-million companies.

Femi Otedola is also a philanthropist who have donated millions and billions into different cause to help the lives and future of people in Nigeria .

Femi Otedola Net worth.

In March 2019,Otedola became the second Nigerian after Aliko Dangote

Femi Otedola net worth 2019 forbes.

Both Otedola and Aliko Dangote appear on the Forbes list of dollar-denominated billionaires with an estimated net worth of $1.2 billion.

Femi Otedola Net worth 2019.

As of 2019, his Net worth is estimated to worth US$300 Million making him one of Nigeria richest man across the globe.

Femi Otedola Personal Life.

Femi Otedola is currently married to his wife, Nana Otedola. The marriage is blessed with Four lovely Children;  Tolani,Ifeoluwa,Temi and Fees. Three of his Children who happens to be girls are mainly involved in the Nigerian entertainnent and fashion industries, the popular DJ cuppy is also one of his daughters . Otedola has homework in Lagos, Abuja, Dubai, London and New York City.

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