Business

Femi Otedola -Biography, Business, Net Worth And More

Femi Otedola is a major player in the Nigerian oil and gas industry and also business mogul. His business investments spans across vital sectors of the economy in Nigeria. This article is about his biography and other information you may not have known about him.

EARLY LIFE

Femi Otedola, the chairman of Forte Oil Plc and the founder and CEO of Zenon Oil and Gas was born on the 4th of November, 1962 in Ibadan of Oyo State of Nigeria to the family of the former Lagos State Governor, Sir Michael Otedola.

He attended the Obafemi Awolowo University from 1980 all through to 1985 where he bagged his Bachelors Degree.

HIS BUSINESS OPERATIONS AND INVESTMENTS

Forte Oil Plc which was formerly named African Petroleum (AP) is chaired by Femi Otedola and it has well over 500 gas stations across the country and it also manufactures its own engine oil and owns gas depots across the country.

Femi Otedola aside from being the chairman of Forte Oil Plc, is also the founder and Chief Executive Officer of the Zenon Petroleum and Gas Limited, which is the biggest and the largest supplier of diesel in Nigeria and he does his supplies to multinational companies like MTN telecommunications, the Dangote Group, Cadbury, Coca-cola, Nigeria Breweries, Unilever Plc, Nestle Food, and Guinness Nigeria Plc amongst other multinationals.

He also owns substantial investments in the financial sector through his company, Zenon Oil and Gas in banks like the Zenith Bank, UBA Bank, others.

Femi Otedola as well has other investments which includes, the Seaforce Shipping Company Limited and it is the largest shipping company in Nigeria and the first in Africa to acquire a flat bottomed bunker vessel with a storage  capacity of about 16, 000 metric tonnes.

Another of his investment is the Forte Properties Limited which is a company focused on the real estate sector and they have successfully acquired  properties like the Stallion House in Victoria Island area of Lagos State of Nigeria through his company, Zenon Petroleum and Gas Limited. Apparently, Femi Otedola owns several other luxurious estates across the country and beyond.

HIS FAMILY

The business magnate and billionaire  got married to his wife Nana Otedola and they both have been blessed with four wonderful children of which three are female namely, Florence Otedola who is also known as DJ Cuppy; she is one of the hottest female DJ’s in Nigeria and Africa. Others are Temi Otedola and Olawunmi Christy Otedola and his only son, Fewa Otedola.

FEMI OTEDOLA NET WORTH

Femi Otedola is one of the richest and most influential businessmen in Nigeria and he is estimated to be worth about $ 1.2 billion dollars

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