Full Biography of Femi Otedola
Personal Details
- Full Name: Femi Otedola
- Date of Birth: November 4, 1962
- Place of Birth: Ibadan, Oyo State, Nigeria
- Nationality: Nigerian
- Occupation: Businessman, Philanthropist
- Net Worth: Estimated at over $1 billion (varies based on market changes)
Early Life and Education
Femi Otedola was born into a prominent family in Ibadan, Oyo State. His father, Sir Michael Otedola, served as the governor of Lagos State from 1992 to 1993. Growing up, Femi exhibited entrepreneurial interests and pursued business studies, which laid the foundation for his future endeavors. He completed his primary and secondary education in Nigeria before delving into business ventures.
Career
Femi Otedola is best known for his significant contributions to Nigeria’s energy, finance, and real estate sectors.
- Energy Sector:
- Zenon Petroleum and Gas: In 2003, he founded Zenon Petroleum and Gas Limited, which specialized in diesel products for industries and manufacturing firms. Zenon became a major supplier to Nigeria’s largest companies.
- Forte Oil: In 2007, he acquired a majority stake in African Petroleum, later rebranding it as Forte Oil. The company expanded into fuel marketing and power generation. In 2019, he sold his stake to focus on other investments.
- Finance and Investments:
- Otedola has stakes in several Nigerian and international financial institutions. He has also diversified into real estate, shipping, and other industries.
- Philanthropy:
- Through the Femi Otedola Foundation, he has supported numerous causes, including education, healthcare, and disaster relief. Notably, he once donated ₦5 billion to the Save the Children Foundation, one of the largest single donations in Nigeria’s history.
Family
Femi Otedola is married to Nana Otedola, a businesswoman. They have four children:
- Florence Ifeoluwa Otedola (DJ Cuppy): A popular DJ, producer, and philanthropist. She has a degree from King’s College London and a master’s from Oxford University.
- Temi Otedola: A fashion influencer and actress, known for her role in the Netflix film Citation. She is in a relationship with Nigerian singer Mr. Eazi.
- Tolani Otedola: A singer-songwriter and the eldest of Otedola’s children. She focuses on music and lives a relatively private life.
- Fewa Otedola: The youngest, Fewa has autism and is openly celebrated by the family as a special gift.
Legacy and Influence
Femi Otedola remains a key figure in Nigerian business, known for his strategic investments and philanthropy. His influence spans beyond Nigeria, as he maintains a prominent international profile. He is respected for his ability to adapt to changing market conditions and for his dedication to uplifting others through charitable endeavors.
