When it comes to Nigerian billionaires who have shaped the business landscape and inspired millions, Femi Otedola is a name that stands out. He is one of Africa’s most respected businessmen, known for his wealth, strategic investments, and philanthropic efforts.
This article provides a detailed explanation of Femi Otedola’s net worth in naira and dollars (2025), his biography, major investments, businesses, lifestyle, and everything you need to know about how he made his fortune. If you’ve been wondering how rich Femi Otedola is, how he built his wealth, and what his investments look like, keep reading — everything is explained here clearly.
Who is Femi Otedola? – Biography
Femi Otedola is a Nigerian businessman, investor, and philanthropist. He is the former chairman of Forte Oil Plc and the founder of Zenon Petroleum and Gas Ltd.
Born on November 4, 1962, in Ibadan, Oyo State, Femi is the son of the late Michael Otedola, who served as the Governor of Lagos State from 1992 to 1993.
Femi studied at Obafemi Awolowo University in Ile-Ife before venturing into the business world. Over the years, he has built a reputation as one of Africa’s wealthiest men, with investments spanning energy, finance, shipping, real estate, and more.
How Did Femi Otedola Make His Money?
Femi Otedola made his wealth through a combination of strategic business ventures, investments, and acquisitions. Below are the main sources of his fortune:
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Founding Zenon Petroleum and Gas Ltd., which became a dominant player in Nigeria’s diesel supply market.
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Acquiring a significant stake in Forte Oil Plc and turning it into a highly profitable energy company.
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Selling his shares in Forte Oil and reinvesting in power generation and other industries.
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Smart investments in banking, real estate, shipping, and manufacturing.
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Stock market investments in top-performing Nigerian and international companies.
His ability to identify lucrative opportunities and take calculated risks has kept him at the top of Nigeria’s richest list for decades.
Femi Otedola Net Worth in 2025 – In Naira and Dollars
In 2025, Femi Otedola’s estimated net worth is:
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₦1.6 trillion naira
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$1.1 billion dollars
This figure reflects his investments in various industries, his shareholdings in multiple companies, real estate properties, and other assets. Although his net worth fluctuates depending on market conditions, he remains one of the top Nigerian billionaires.
How Femi Otedola’s Net Worth is Calculated
The calculation of his net worth considers both his liquid and non-liquid assets, including:
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Shares in major companies like Geregu Power Plc, First Bank Holdings, and others.
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Ownership of real estate in Nigeria, the UK, the US, and Dubai.
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Earnings from his investments in the energy and shipping sectors.
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Other business ventures and cash reserves.
All these contribute to his immense fortune.
Femi Otedola’s Investments
Femi Otedola is widely known for his diverse investment portfolio. Let’s take a closer look at his major investments:
1. Energy Sector
Otedola made his mark in the energy sector through Zenon Petroleum and later Forte Oil. He owned over 75% of Forte Oil before selling his shares in 2019.
Today, he owns a significant stake in Geregu Power Plc, a power generation company that supplies electricity to the Nigerian grid. Geregu Power has become a major contributor to his current net worth.
2. Banking
Otedola holds a considerable number of shares in First Bank Holdings, making him one of the largest individual shareholders. His strategic stake in First Bank has brought him not only wealth but also influence in Nigeria’s financial sector.
3. Real Estate
Femi Otedola owns several luxury properties in prime locations. His real estate investments include:
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Mansions in Lagos (Ikoyi and Victoria Island).
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Properties in Abuja.
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Apartments and houses in London.
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Luxury homes in New York and Dubai.
These properties are estimated to be worth hundreds of millions of dollars.
4. Shipping and Maritime
Otedola also invested in the shipping and maritime industry through his fleet of oil tankers and other vessels. This allowed him to control not only the supply of petroleum products but also their transportation.
5. Other Investments
Apart from his core businesses, he also invests in:
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Manufacturing and industrial firms.
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Hospitality and tourism.
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Philanthropic projects and education (through donations and endowments).
His diverse portfolio ensures that his wealth remains resilient despite market fluctuations.
Femi Otedola’s Cars
Femi Otedola has a taste for luxury, and his car collection is proof of his love for the finest things in life. Some of the cars he has owned include:
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Rolls-Royce Phantom
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Mercedes-Benz S-Class
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BMW 7-Series
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Range Rover Autobiography
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Ferrari
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Bentley Continental GT
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Mercedes-Maybach
His cars are not just symbols of wealth but also of his appreciation for quality and style.
Femi Otedola’s Houses
Femi Otedola owns some of the most luxurious homes in Nigeria and abroad. Notable properties include:
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A mansion in Ikoyi, Lagos.
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A waterfront property in Victoria Island, Lagos.
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Apartments in central London.
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Homes in New York and Dubai.
These properties are designed to reflect his elite status and provide him with comfort and privacy.
Femi Otedola’s Philanthropy
Beyond his investments and businesses, Femi Otedola is also known for his generous donations to various causes. His philanthropy includes:
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Donating ₦5 billion to the Save the Children Fund to support displaced children in Nigeria’s North-East.
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Contributing to education through scholarships and endowments.
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Funding healthcare projects and religious institutions.
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Supporting disaster relief efforts across the country.
His charitable activities have touched countless lives and earned him admiration from the public.
Comparison: Femi Otedola and Other Nigerian Billionaires
How does Femi Otedola’s wealth compare with other Nigerian billionaires? Below is a simple comparison:
| Name | Estimated Net Worth (2025) |
|---|---|
| Aliko Dangote | $15 billion |
| Mike Adenuga | $7 billion |
| Abdulsamad Rabiu | $6 billion |
| Femi Otedola | $1.1 billion |
While he is not the richest Nigerian billionaire, Otedola’s influence and lifestyle keep him among the most admired.
Career Lessons from Femi Otedola
Here are some valuable lessons you can learn from Femi Otedola’s success story:
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Diversify your investments to minimize risk.
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Take bold steps when opportunities arise.
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Invest in sectors that are essential to the economy.
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Give back to society through philanthropy.
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Always adapt to changing market conditions.
Femi Otedola’s Net Worth Summary Table (2025)
| Category | Details |
|---|---|
| Estimated Net Worth (₦) | ₦1.6 trillion |
| Estimated Net Worth ($) | $1.1 billion |
| Major Businesses | Energy, banking, real estate |
| Major Assets | Homes, cars, company shares |
| Philanthropy Areas | Education, healthcare, children |
| Lifestyle | Luxurious, strategic, generous |
Frequently Asked Questions on Femi Otedola’s Net Worth
How much is Femi Otedola worth in 2025?
Femi Otedola’s net worth in 2025 is estimated at ₦1.6 trillion naira or $1.1 billion dollars.
What businesses does Femi Otedola own?
Otedola owns significant investments in energy (Geregu Power), banking (First Bank), real estate, shipping, and more.
How many cars does Femi Otedola have?
Femi Otedola has owned several luxury cars, including Rolls-Royce, Ferrari, Bentley, and Mercedes-Maybach.
Does Femi Otedola have houses outside Nigeria?
Yes, he owns properties in London, New York, and Dubai, in addition to his homes in Lagos and Abuja.
What is Femi Otedola known for besides business?
He is known for his philanthropy, particularly his support for children, education, and healthcare projects.
Final Thoughts on Femi Otedola’s Net Worth in Naira and Dollars (2025)
Femi Otedola remains one of Nigeria’s most inspiring business figures. His journey from the son of a governor to a billionaire investor is a testament to vision, hard work, and strategy.
His estimated net worth in 2025, valued at ₦1.6 trillion naira ($1.1 billion dollars), reflects decades of smart investments, resilience, and diversification. Beyond his wealth, his philanthropy and humility make him a role model for aspiring entrepreneurs.
Whether you admire his business acumen or his charitable heart, Femi Otedola’s story is proof that great success is possible with focus, courage, and generosity.