Femi Otedola Net Worth (Updated 2026).
Femi Otedola, a Nigerian businessman and philanthropist, began his career in the oil and gas industry after completing his education in the United Kingdom. He started as a young employee at the family’s petroleum marketing business, Zenon Petroleum and Gas Ltd, in the early 1990s.
Otedola’s journey to fame and fortune began when he took over the family business in 1997. Under his leadership, Zenon expanded its operations significantly, becoming one of the largest oil trading companies in Nigeria. His strategic decisions and innovative approaches to the industry caught the attention of both local and international business communities, catapulting him to national and eventually global recognition.
**Femi Otedola’s Current Net Worth (2025)**
As of 2025, Femi Otedola’s current net worth is estimated to be around $1.8 billion, according to Forbes. This makes him one of the wealthiest individuals in Africa.
**Career**
Femi Otedola is a Nigerian businessman and philanthropist. He is the founder of Zenon Petroleum and Gas Limited, a company that deals in the trading, storage, and distribution of petroleum products. He also served as the Chairman of Forte Oil PLC, a publicly-traded oil marketing and power generating company, until he stepped down in 2019.
**Other Ventures**
Otedola’s business portfolio extends beyond the oil and gas industry. He is the owner of the popular Nigerian nightclub, The Shrine, and also has investments in real estate. He is a major shareholder in the Nigerian discount retail chain, First City Monument Bank (FCMB), and also has interests in power generation.
**Assets**
Otedola’s assets include a private jet, a fleet of luxury cars, and several properties in Nigeria and abroad. He owns a $40 million yacht named “Dreams,” which is one of the most expensive yachts in Africa. His real estate portfolio includes a mansion in London and properties in Lagos and Abuja, Nigeria’s capital.
**Annual Income**
Femi Otedola’s annual income is not publicly disclosed. However, given his vast business interests, it is estimated to be in the hundreds of millions of dollars. His wealth has grown significantly over the years, reflecting his successful business ventures.
Frequently Asked Questions about Femi Otedola
**Frequently Asked Questions: Femi Otedola Net Worth**
1. What is Femi Otedola’s net worth?
Femi Otedola’s net worth is estimated to be around $1.8 billion as of the latest estimates.
2. How did Femi Otedola make his fortune?
Femi Otedola made his fortune through various business ventures, including oil trading, real estate, and investments in financial institutions. He is the founder of Zenon Petroleum and Gas Limited, a Nigerian oil trading company.
3. Is Femi Otedola the richest man in Nigeria?
No, Femi Otedola is not the richest man in Nigeria. As of the latest estimates, Aliko Dangote, the founder of Dangote Group, is the richest man in Nigeria and Africa, with a net worth of around $12.1 billion.
4. What is Femi Otedola’s age?
Femi Otedola was born on November 4, 1962, making him 59 years old.
5. What is Femi Otedola’s educational background?
Femi Otedola obtained a Bachelor of Science degree in Architecture from the University of Ife (now Obafemi Awolowo University) in Nigeria. He also has an MBA from the Harvard Business School.
6. Does Femi Otedola have any political affiliations?
Femi Otedola has not held any political office, but he has been known to support and contribute to political causes in Nigeria. He has also been rumored to have political ambitions, although he has not confirmed these rumors.
7. What is Femi Otedola’s philanthropic work?
Femi Otedola is known for his philanthropic work, particularly in education and healthcare. He has established the Otedola Foundation, which focuses on supporting vulnerable and disadvantaged individuals and communities in Nigeria.
8. How many children does Femi Otedola have?
Femi Otedola has five children, all from his marriage to Nana Otedola. His children include DJ Cuppy, a popular Nigerian disc jockey, and Temi Otedola, a fashion blogger and entrepreneur.
9. What is Femi Otedola’s relationship with the Nigerian government?
Femi Otedola has had various dealings with the Nigerian government, both as a businessman and a philanthropist. He has been known to contribute to government initiatives and has also had some controversies with the government, particularly regarding his business interests in the oil sector.
10. What are some of Femi Otedola’s investments?
Femi Otedola has investments in various sectors, including oil and gas, real estate, finance, and technology. Some of his notable investments include Zenon Petroleum and Gas Limited, a 94.9% stake in Forte Oil Plc (now Ardova Plc), and a significant stake in the Nigerian mobile network operator, Globacom.
