Femi Otedola
Born on November 4, 1962, in Ibadan, Nigeria, Femi Otedola is a prominent businessman and philanthropist.
From Oil to Energy and Finance
He initially made his fortune in the oil industry with Zenon Petroleum and Gas Ltd and later acquired a controlling stake in Forte Oil PLC.
In 2019, he sold Forte Oil to focus on power generation, leading Geregu Power Plc as its executive chairman.
Under his leadership, Geregu Power became the first power generation company listed on the Nigerian Exchange, with its stock price increasing significantly since its listing.
Otedola also holds a significant stake in FBN Holdings Plc, Nigeria's oldest bank, where he became the largest shareholder with a 13.16% stake.
Recognition and Philanthropy
In recognition of his impactful investments, Otedola was named “Investor of the Year 2024” by The Nation Newspaper.
Beyond business, he is known for his philanthropy, having donated N5 billion to Save the Children Foundation and N3.7 billion ($2.25 million) to Augustine University.
His contributions to education, healthcare, and disaster relief have made significant impacts across Nigeria.
Personal Life and Social Engagements
Otedola is married to Nana Otedola, and they have four children, including Florence (DJ Cuppy) and Temi Otedola.
He maintains residences in Lagos, Dubai, London, and Monaco. In February 2025, he hosted Nigerian music stars Wizkid and Burna Boy at his Lagos home, celebrating the global influence of Afrobeats.
As of April 2025, Femi Otedola's net worth is estimated at $1.7 billion, reflecting his continued influence in Nigeria's business landscape.
