Femi Otedola Net Worth 2018, Femi Otedola Biography, Femi Otedola Salary 2018, Femi Otedola Biography And Net Worth, Femi Otedola Education.
Femi Otedola Net Worth 2018-2019
Femi Otedola Net Worth 2018: According to the recent forbes list for 2018, Femi Otedola is a Nigerian Business Man whose Net Worth is $900 Million USD (2018).
Femi Otedola Salary 2018-2019
Femi Otedola Salary 2018: According to the recent forbes list for 2018, Femi Otedola is a Nigerian Business Man whose Salary is $500 Million USD (2018).
Femi Otedola Biography And Net Worth 2018-2020
Femi Otedola (born November 4, 1962) is a Nigerian businessman, entrepreneur philanthropist, and chairman of Forte Oil PLC, an importer of fuel products.
He is also the founder of Zenon Petroleum and Gas Ltd, and the owner of a number of other businesses across shipping, real estate and finance. He has recently invested in power generation as part of the liberalisation of the sector in Nigeria.
Otedola was born in Ibadan, the capital of Oyo State, western Nigeria, into the family of the late Sir Michael Otedola, Governor of Lagos State from 1992 to 1993.
In the late 1980s he ran the marketing for his family’s printing press before going on to trade petroleum products.
In 1994 Otedola established CentreForce Ltd, specialising in finance, investments and trading. He is also the owner of Swift Insurance.
Otedola is chief executive and president of SeaForce Shipping Company Ltd and was at one point Nigeria’s largest ship owner after extending control over the distribution of diesel products.
One of his ships, a flat bottomed bunker vessel with a storage capacity of 16,000 metric tonnes, was the first of its kind in Africa.
In January 2006 Otedola was appointed a non-executive director of Transnational Corporation of Nigeria Plc, a multi-sectoral conglomerate established in 2004 by then-President Obasanjo to respond to market opportunities requiring heavy capital investment in Nigeria and across sub-Saharan Africa. He held this post until February 2011.
Otedola has made a number of real estate investments, including a N2.3 billion acquisition in February 2007 by Zenon of Stallion House in Victoria Island in Lagos, from the Federal Government.
The following month he was appointed chairman of the Transcorp Hilton Hotel in Abuja and tasked with driving its expansion and upgrade to a seven star facility.
He is the owner of FO Properties Ltd. Otedola has been reported to be a major financier of the People’s Democratic Party and is said to have contributed N100 million to President Obasanjo’s re-election expenses in 2003. He was a close ally of President Goodluck Jonathan.
He has served as a member of the Nigerian Investment Promotion Council (NIPC) since 2004, and the same year was appointed to a committee tasked with developing commercial relations with South Africa.
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In 2011 Femi Otedola was appointed by President Goodluck Jonathan to Nigeria’s National Economic Management Team.
Otedola is married to Nana Otedola and has three daughters – Christine Olawunmi, Florence Ifeoluwa and Elizabeth Temi—and a son, Fewa.
Florence Otedola, aka DJ Cuppy, is a DJ and music producer, as well as a tourism ambassador for Nigeria. Her younger sister, Temi, is a style blogger and aspiring designer. Otedola has homes in Lagos, Abuja, Dubai, London and New York City.
In December 2016, Otedola was embroiled in a controversy where two Toronto-based sisters—Jyoti and Kiran Matharoo—reportedly tried to extort him by cyberbullying and blackmail, claiming they had evidence of Otedola cheating on his wife that they would post on a notorious sex-scandal website.
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