Femi Otedola Net Worth in 2023 How Rich is He Now?
by Vinothini S
Updated Apr 24, 2023
How much is Femi Otedola's Net Worth?
So how much is Femi Otedola actually worth? According to our research, Femi Otedola's net worth is estimated to be $1.2 Billion Dollars. Femi Otedola's net worth is largely the result of his success as a Nigerian businessman.
Name
Femi Otedola
Net Worth( 2023)
$1.2 Billion Dollars
Profession
Nigerian businessman
Date of Birth
4 November 1962
Age
60 years old
Height
167 cm
Weight
65 kg (143 lbs)
Birthplace
Ibadan, Nigeria
Nationality
Nigerian
Who is Femi Otedola?
Femi Otedola is a Nigerian business magnate, entrepreneur, philanthropist, and former chairman of Forte Oil PLC, one of Nigeria's leading oil marketing companies. He was born on November 4, 1962, in Ibadan, Oyo State, Nigeria, into a wealthy family with his father, Michael Otedola, serving as the governor of Lagos State from 1992 to 1993.
Femi Otedola is known for his vast wealth and numerous business ventures. He started his career as a businessman in 1994, when he established Zenon Petroleum and Gas Ltd, which became one of the largest and most successful oil and gas marketing companies in Nigeria. In 2010, he founded Forte Oil PLC, which later became a publicly-traded company.
Aside from his business ventures, Femi Otedola is also a notable philanthropist. He has donated millions of dollars to various causes, including education and healthcare. In 2005, he established the Femi Otedola Foundation, which provides scholarships to underprivileged students in Nigeria. He has also donated funds to the Michael Otedola University Scholarship Scheme, which was named in honor of his father.
In addition to his business and philanthropic endeavors, Femi Otedola has also received numerous accolades and recognition for his contributions to the Nigerian economy. In 2011, he was awarded the Officer of the Order of the Niger (OON) by the Nigerian government for his contributions to the oil and gas industry. He was also named one of Africa's 50 richest people by Forbes magazine in 2019.
How old is Femi Otedola?
Femi Otedola, a Nigerian businessman, was born on November 4th, 1962 in Ibadan, Nigeria. As of 2023, he will be 61 years old. Despite facing numerous challenges throughout his career, Otedola has managed to establish himself as one of the most successful entrepreneurs in Nigeria. He began his journey by starting a small business with just $1,000 and has since grown to become the founder and CEO of numerous successful companies across various industries.
Otedola's hard work and dedication have not only earned him financial success but also widespread recognition and respect. He is known for his philanthropic efforts, having donated millions of dollars to various charitable causes. In addition, he has been actively involved in promoting education, health, and other social causes in Nigeria.
How tall is Femi Otedola?
Femi Otedola is a Nigerian businessman, entrepreneur, philanthropist, and former chairman of Forte Oil PLC, a petroleum marketing and distribution company. He is known for his successes in the business world and his contributions to society through various charitable endeavors.
In terms of his physical attributes, Femi Otedola is reported to have a height of 167 cm (5'5") and a weight of 65 kg (143 lbs). While his height is relatively average, he maintains a healthy weight, which is important for overall well-being.
Femi Otedola Biography
Femi Otedola is a Nigerian businessman, philanthropist, and former Chairman of Forte Oil PLC, an oil marketing company. He was born on November 4, 1962, in Ibadan, Nigeria. Otedola hails from a wealthy family; his father, Sir Michael Otedola, was the Governor of Lagos State from 1992 to 1993.
After obtaining his degree in Marketing and Business Studies from Regent's University in London, Otedola started his career with his family's printing press. Later, he moved to the oil and gas sector, where he established Zenon Petroleum and Gas Ltd in 2003, which became one of the largest Nigerian fuel marketers.
Otedola has also made significant contributions to the Nigerian philanthropic landscape, with donations to various causes including the Michael Otedola University Scholarship Scheme and the National Ecumenical Centre. He is also the founder of the Femi Otedola Foundation, which supports various charitable initiatives in Nigeria.
In 2019, Otedola made headlines when he donated $50,000 to the medical bills of a former Nigerian footballer, Christian Chukwu, who was suffering from an undisclosed ailment. His philanthropic activities have earned him numerous accolades, including the prestigious Philanthropist of the Decade award at the Thisday Awards 2020.
Otedola is also a music enthusiast and is known to have a close relationship with many Nigerian artists. In 2019, he made a guest appearance in the music video for "Gelato" by DJ Cuppy, his daughter, which went viral.
Real Name
Femi Otedola
Nick Name
Femi Otedola
Date of birth
4 November 1962
Age
36 years old
Height
167 cm
Weight
65 kg (143 lbs)
Birth Place
Ibadan, Nigeria
Gender
Male
Profession
Nigerian businessman
Nationality
Nigerian
Education
Obafemi Awolowo University (1980–1985), Olivet Baptist High School
Zodiac Sign
Scorpio
Kids/Children Name
DJ Cuppy, Temi Otedola, Fewa Otedola
Parents
Michael Otedola, Lady Doja
Spouse
Nana Otedola
Femi Otedola Social Media Accounts
Instagram
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Twitter
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YouTube
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Linkedin
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Facebook
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What is Femi Otedola Nationality?
Femi Otedola is a Nigerian business magnate, entrepreneur, and philanthropist. He was born on November 4, 1962, in Ibadan, Oyo State, Nigeria. Otedola's nationality is Nigerian and he is proud of his African heritage.
Nigeria is a country located in West Africa and is the most populous country on the African continent. The country has a rich cultural heritage and is known for its diverse ethnic groups, languages, and religions. Femi Otedola's nationality reflects the pride he has in his Nigerian roots and the impact he has had on the country's economy through his successful business ventures.
Femi Otedola career
Femi Otedola is a Nigerian entrepreneur, philanthropist, and businessman who has made significant contributions to the development of Nigeria's economy. Born on November 4, 1962, in Ibadan, Nigeria, Otedola is the founder and CEO of Zenon Petroleum and Gas Limited, which is one of Nigeria's largest oil marketing and distribution companies.
Otedola began his career as a journalist before venturing into the oil and gas industry in the early 1990s. He established his first company, Zenon Petroleum and Gas Limited, in 2003, which later expanded to become a leading player in the Nigerian oil and gas industry. He also has interests in other sectors, including shipping, real estate, and finance.
Apart from his business ventures, Otedola is also known for his philanthropic activities. He has donated millions of dollars to various causes, including education, healthcare, and poverty alleviation, through his Femi Otedola Foundation.
Otedola has received several accolades for his business acumen and philanthropic efforts. In 2011, he was named Africa's second-most powerful man by Forbes magazine. In 2013, he was awarded the Grand Commander of the Order of the Niger (GCON), one of Nigeria's highest national honors. He has also been recognized as a Knight of the Order of St. Gregory the Great by the Vatican.
Femi Otedola Achievement and Awards list
Femi Otedola has received numerous awards and recognitions for his contributions to various industries. Some of his notable awards and achievements include:
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Commander of the Order of the Niger (CON) – In 2011, Femi Otedola was awarded the Commander of the Order of the Niger (CON) by the Nigerian government for his contributions to the development of the country.
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African Philanthropist of the Year – In 2015, Femi Otedola was named the African Philanthropist of the Year at the African Achievers Awards in London.
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Nigerian Businessman of the Year – In 2016, Femi Otedola was named the Nigerian Businessman of the Year at the Forbes Africa Awards.
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Philanthropist of the Decade – In 2019, Femi Otedola was named the Philanthropist of the Decade at the ThisDay Awards in Nigeria.
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Lifetime Achievement Award – In 2020, Femi Otedola was honored with the Lifetime Achievement Award at the African Leadership Magazine Persons of the Year Awards.
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Global Champion of Humanity Award – In 2021, Femi Otedola was presented with the Global Champion of Humanity Award at the 2021 Global Good Governance Awards in Dubai.
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Honorary Doctorate Degree – Femi Otedola has received several honorary doctorate degrees from prestigious universities, including the University of Westminster, London and the Obafemi Awolowo University, Nigeria.
Femi Otedola Net Worth - FAQ
Femi Otedola is known as a Nigerian businessman. Femi Otedola was born on 4 November 1962 and presently Femi Otedola is 60 years old.
As of 2023, Femi Otedola's net worth is $1.2 Billion Dollars. Femi Otedola is a Nigerian businessman who was born on 4 November 1962.
Femi Otedola the successful Nigerian businessman weighs 65 kg (143 lbs). Get to know more about Femi Otedola from the above article.
Femi Otedola is a Nigerian businessman who stands 167 cm tall.
Femi Otedola was born on 4 November 1962. Femi Otedola is 60 years old.