Femi Otedola
$1.4B
Born
Nov 04, 1962
Age
63
Source of Wealth
Energy and Utilities
Residence
Lagos ,
Citizenship
Nigeria
Marital Status
Married
Children
4
Education
- 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.
- His daughter is a professional DJ who goes by the stage name DJ Cuppy.
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