Femi Otedola net worth 2024, age, height, wife, girlfriend, kids, biography, wiki

Femi Otedola is a renowned businessman of Nigeria and ex-chairman of Forte Oil PLC. He is a philanthropist as well and known for his anthropological and philanthropical works. He is the originator of Zenon Petroleum and Gas Ltd and owns numerous another real estate, distribution, and finance enterprises.

Maybe you know about Femi Otedola very well But do you know how old and tall is he and what is his net worth in 2024? If you do not know, We have prepared this article about details of Femi Otedola’s short biography-wiki, career, professional life, personal life, wife, girlfriend, dating, divorce, kids, today’s net worth, age, height, weight, and more facts. Well, if you’re ready, let’s start.

Early Life & Biography

Born in November of 1962 in Ibadan, Oyo, Otedola was part of Sir Michael Otedola, a well-respected Executive Governor of Lagos State from 1992 – 1993.

Otedola had a love interest named Olayinka Odukoya, with whom he had his love child out of wedlock. His first daughter was named Tolani, and she is a singer by profession. Femi later had two more daughters with his wife, and Nana Otedola named Florence Ifeoluwa and Elizabeth Temi—and a son, Fewa. Otedola has Dubia, London, New York City, Lagos, and Abuja residences.

Being the wealthiest man in Nigeria and one of the richest in Africa, Otedola has ensured always to give back to his country and society in general through many of his philanthropic initiatives and socially responsible business ventures. Apart from being a renowned businessman in Nigeria, a CEO, and an industrialist for a variety of businesses like real estate, transportation, and finance.

Age, Height, Weight and Body Measurements

Being born on 4 November 1962, Femi Otedola is 62 years old as of today’s date 24th November 2024. His height is 1.67 m tall, and weight is 65 kg.

Personal Life: wife, girlfriend, dating, divorce, kids

Otedola’s personal, romantic life has been majorly topsy turvy during his youth. He was involved in a passionate affair with Olayinka Odukoya, and she was very young and almost schooling when they got involved physically and bore a child out of wedlock. Otedola’s parents denounced the scandal, and they abhorred the whole thing.

Otedola’s mother made sure she got him the child’s custody and got him as far as possible from the girl, Olayinka Odukoya. Years later, when she turned twenty-six, Femi had this dark past haunting him again wherein Olayinka Odukoya gave an interview narrating the whole story in candid. Their daughter together was named Tolani, who pursued singing eventually.

After the failed relationship with his love child, mama, he gave love another chance and got married to Nana Otedola and two daughters and a son with her. The two daughters were named Florence Ifeoluwa and Elizabeth Temi. The name of the son was Fewa.

While Florence Otedola became a DJ (disk jockey) and a music producer, she was also conferred with ‘Tourism Ambassador’ for Nigeria. The younger sister, Temi, got into acting soon enough. She was also engaged in fashion blogging and was an aspiring designer. Florence’s stage name was DJ Cuppy.

Career

Otedola began his entrepreneurial ventures with the retail fuel market and founded Zenon Petroleum and Gas Ltd, a petroleum products marketing and distribution company, in the year 2003. He invested a massive fortune in Zenon, acquiring a multitude of storage depositories at Ibafon, Apapa.

With a total storage capacity of 147,000 metric tonnes, he also purchased cargo vessels as an investment in this venture. He went ahead and capitalized and invested in 100 DAF fuel-tanker trucks for N1.4 billion. A major pie of the Nigerian diesel market was under his control by 2005.

By 2007, Otedola received a syndicated loan to build the largest premium motor spirit storage facility in Africa. He had managed to get a loan of up to US$1.5 billion, and this was the working capital needed for this one of a kind massive project he had undertaken.

Zenon was a prominent player in the market by this time. A controversy soon flared up for a bribery scam with respect to a purported fuel subsidy scam in which Zenon was among the listed companies in the report.

He established CentreForce Ltd in 1994 that focussed on investing, trading and finances in general. He also was the proprietor of Swift Insurance. Otedola is the single largest shareholder (5.07%) of First bank PLC.

Awards & Achievements

Otedola is the wealthiest man in Nigeria and one of the richest in Africa. His greatest achievement is his massive philanthropist personality. He has always been the one eagerly giving back to his country and society through his socially relevant projects that help people.

Net Worth & Salary of Femi Otedola in 2024

As of November 2024, Femi Otedola’s net worth has been calculated at $2 Billion. His income comes from his various distribution and shipping, transportation, finance, and real estate businesses. He is considered to be one of the richest men in Africa and the wealthiest in Nigeria.

Femi Otedola may have been involved in several controversies regarding bribery or corruption in various entrepreneurial adventures of his. He has proven time and again that there is a deep philanthropic inside of this businessman figure.