Otedola Net Worth (Updated 2025).

Nigeria’s business landscape is peppered with influential figures, among them being Femi Otedola. Born into a family with a strong entrepreneurial spirit, Otedola’s foray into the business world began at a young age. He started his career in the 1980s, trading in diesel and flour while still a student at the prestigious Obafemi Awolowo University. This early venture not only honed his business acumen but also laid the foundation for his future success.

Otedola’s rise to fame is a testament to his strategic mind and relentless work ethic. In the 1990s, he ventured into the oil and gas industry, establishing Zenon Petroleum and Gas Company. This move proved pivotal, as the company grew to become one of the largest oil trading companies in Nigeria. Otedola’s fame began to soar as Zenon’s influence expanded, making him a household name in the Nigerian business scene.

Otedola’s Current Net Worth (2025)

As of 2025, Femi Otedola’s current net worth is estimated to be around $2 billion, according to Forbes. This makes him one of the wealthiest individuals in Africa.

Career

Otedola’s career began in the late 1980s when he started a transport business in Lagos, Nigeria. He then ventured into oil and gas, founding Zenon Petroleum and Gas Limited in 2003. He served as the chairman of Forte Oil PLC until 2019, when he stepped down to focus on his other ventures.

Other Ventures

Otedola’s business portfolio is diverse. He is the founder of the Geregu Power Plant, one of Nigeria’s largest power generation companies. He also has investments in real estate, finance, and shipping. Additionally, he is the majority shareholder in the popular Nigerian telecommunications company, Airtel Africa.

Assets

Otedola’s assets include a luxurious mansion in Lagos, a private jet, and a fleet of high-end cars. He also has significant stakes in various public companies listed on the Nigerian Stock Exchange. His philanthropic efforts are reflected in the Otedola Foundation, which he established to support educational initiatives and health programs in Nigeria.

Annual Income

Otedola’s annual income varies due to the fluctuating nature of his investments. However, as of 2021, his estimated annual income was around $100 million, primarily from his investments in oil and gas, power generation, and telecommunications.

Frequently Asked Questions about  Otedola

**Frequently Asked Questions: Otedola Net Worth**

1. What is Otedola’s net worth?

Otedola’s net worth is estimated to be around $1.8 billion.

2. How did Otedola make his fortune?

Otedola made his fortune through his investments in the oil and gas industry. He is the founder of Zenon Petroleum and Gas Limited, a Nigerian oil trading company.

3. Is Otedola the richest person in Nigeria?

No, Aliko Dangote is currently the richest person in Nigeria, with a net worth of over $10 billion.

4. What is Otedola’s age?

Otedola was born on November 4, 1967, making him 54 years old.

5. What is Otedola’s educational background?

Otedola obtained a degree in Architecture from the University of Lagos, Nigeria.

6. Does Otedola have any political affiliations?

Otedola has no known political affiliations. He is primarily a businessman.

7. What are some of Otedola’s philanthropic endeavors?

Otedola has been involved in various philanthropic endeavors, including the Otedola Foundation, which focuses on education, health, and economic empowerment.

8. How many children does Otedola have?

Otedola has five children, including DJ Cuppy, a popular Nigerian disc jockey.

9. What is Otedola’s relationship with the Nigerian government?

Otedola has had some controversies with the Nigerian government, particularly regarding his business dealings in the oil and gas sector. However, he is not currently in any known political position.

10. What is Otedola’s stance on entrepreneurship?

Otedola is a strong advocate for entrepreneurship. He often shares his experiences and encourages young people to be entrepreneurs.