Rank #2740
Femi Otedola
Net worth $1.4B
Energy and Utilities · Nigeria
- Born
- Nov 04, 1962
- Age
- 63
- Source
- Energy and Utilities
- Residence
- Lagos
- Citizenship
- Nigeria
- Marital status
- Married
- Children
- 4
- Education
Net worth over time
Biography
- 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.
Financial assets
| Exchange | Ticker | Shares | Price |
|---|