Femi Otedola

$1.47B

$19.5M (1.3%)

as of 05/12/26

About Femi Otedola

Femi Otedola is a Nigerian billionaire who made his first fortune in commodities before selling his shares in Forte Oil to invest in the energy business.

In 2025, Otedola sold his majority stake in Geregu Power, a power generation business, pocketing roughly $750 million.

He had previously sold down his stake in Geregu, which once exceeded 95%, to bring on institutional investors.

He retains a 5% stake in the Lagos-based company.

He also owns properties in Lagos, Dubai, London and Monaco, and holds shares in Zenith Bank and FBN Holdings.

Personal stats

Citizenship

Nigeria

Source of wealth

Energy and Utilities

Residence

Lagos , Nigeria

Marital status

Married

Birth date

11/04/62 (age 63)

Number of children

Self-made

self-made

Femi Otedola’s fortune is worth

25K

troy ounces of gold

23K

median U.S. household

15K

median U.S. income

0.029%

U.S. credit card volume

0.006%

GDP of the United States

0.004%

United States debt

Net worth history

Annual ranking

Did you know?

His daughter is a professional DJ who goes by the stage name DJ Cuppy.

Net worth over time

Real-time ranking

Financial assets

NIGERIA | FIRSTHOLDCO-NG

FBN Holdings

NIGERIA | GEREGU-NG

Geregu Power

NIGERIA | ZENITHBANK-NG

Zenith Bank PLC