Femi Otedola

$1.64B

as of 12/29/24

About Femi Otedola

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

Otedola is chairman of Geregu Power, a power generation business, and owns more than 70% of the shares.

During 2022 and 2023 Otedola sold down a Geregu stake that was once more than 95% to bring on institutional investors,

Investors in Geregu include the Nigerian government, the Afrexim Fund for Export Development in Africa and the State Grid Corporation of China.

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 62)

Number of children

Self-made

self-made

Femi Otedola’s fortune is worth

27K

troy ounces of gold

25K

median U.S. household

16K

median U.S. income

0.033%

U.S. credit card volume

0.007%

GDP of the United States

0.005%

United States debt

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 | FBNH-NG

FBN Holdings

NIGERIA | GEREGU-NG

Geregu Power

NIGERIA | ZENITHBANK-NG

Zenith Bank PLC