otedola net worth
Femi Otedola is a Nigerian billionaire businessman and entrepreneur who has made a fortune through his various investments and ventures. As of my knowledge cutoff date in September 2021, his net worth was estimated to be $1.3 billion, according to Forbes.
Otedola made his fortune in the oil and gas industry, where he started his career as a marketing executive with his family’s business, African Petroleum (now known as Forte Oil). He later founded his own oil and gas exploration company, Zenon Petroleum and Gas Ltd., which he sold to a consortium of investors in 2010 for $1 billion.
Aside from his interests in the oil and gas industry, Otedola has also made investments in other sectors, including real estate, finance, and shipping. He is the founder of the investment company, Femi Otedola & Associates, and has also served as the chairman of the Transcorp Hilton Hotel in Abuja, Nigeria.
In addition to his business ventures, Otedola is also known for his philanthropic work. He has donated millions of dollars to various charitable causes in Nigeria, including education, healthcare, and disaster relief.
Despite facing some financial setbacks in recent years, including the sale of his controlling stake in Forte Oil, Otedola remains one of the wealthiest individuals in Nigeria and Africa as a whole. His net worth fluctuates with market conditions, and as of my current date, it is not known whether it has increased or decreased.
Top 10 Richest Men in Africa:
As of 2021, the top 10 richest men in Africa are:
- Aliko Dangote (Nigeria) – $10.5 billion
- Nassef Sawiris (Egypt) – $8.2 billion
- Nicky Oppenheimer (South Africa) – $7.9 billion
- Johann Rupert (South Africa) – $7.3 billion
- Mike Adenuga (Nigeria) – $6.2 billion
- Abdulsamad Rabiu (Nigeria) – $5.5 billion
- Issad Rebrab (Algeria) – $4.4 billion
- Naguib Sawiris (Egypt) – $3.2 billion
- Koos Bekker (South Africa) – $3.1 billion
- Mohamed Mansour (Egypt) – $2.9 billion
Richest Man in Nigeria:
As of 2021, the richest man in Nigeria is Aliko Dangote. His net worth is estimated to be around $10.5 billion, according to Forbes.
Richest Oil Owner in Nigeria:
The richest oil owner in Nigeria is not publicly known. However, some of the top oil-producing companies in Nigeria include Shell, Chevron, ExxonMobil, Total, and Eni.
Richest Man in Nigeria 2023:
It is difficult to predict who will be the richest man in Nigeria in 2023, as this can be influenced by various factors such as economic conditions and fluctuations in the stock market. However, as of now, Aliko Dangote remains the richest man in Nigeria.
Richest Man in the World by 2025:
It is difficult to predict who will be the richest man in the world by 2025, as this can be influenced by various factors such as economic conditions, technological advancements, and global events. However, some of the current contenders for the title include Elon Musk, Jeff Bezos, and Bernard Arnault.
Top 10 Richest Men in Nigeria:
As of 2021, the top 10 richest men in Nigeria are:
- Aliko Dangote – $10.5 billion
- Mike Adenuga – $6.2 billion
- Abdulsamad Rabiu – $5.5 billion
- Femi Otedola – $1.3 billion
- Tony Elumelu – $1.1 billion
- Herbert Wigwe – $1 billion
- Jim Ovia – $980 million
- Abdulrazaq Abdulrahman – $950 million
- Theophilus Danjuma – $900 million
- Orji Uzor Kalu – $840 million
First Billionaire of Nigeria:
The first billionaire of Nigeria is not publicly known. However, some of the early successful businessmen in Nigeria include Alhassan Dantata, who made his fortune in the groundnut trade, and Louis Odumegwu Ojukwu, who made his fortune in transport and real estate.
First Millionaire in Nigeria:
The first millionaire in Nigeria is not publicly known. However, some of the early successful businessmen in Nigeria include Herbert Macaulay, who made his fortune in journalism and politics, and Chief Adeyemo Alakija, who made his fortune in trading and real estate.
Which State in USA is Bigger than Nigeria?
None of the states in the USA are bigger than Nigeria. Nigeria is the largest country in Africa in terms of population and land area, covering a total of 923,768