Connect with us


Femi Otedola: Biography, Age, Wife, Children, Net Worth, and Source of Wealth



One of the prominent big shots in Nigeria’s billionaire class is Femi Otedola.

Femi is a billionaire entrepreneur, philanthropist, founder of Forte Oil, a husband, and the father of four lovely children.

Keep reading to learn more.

Early Beginning

Femi is a native of Epe local government in Lagos was born in Ibadan, Oyo State on the 4th of November, 1962, to the family of the former governor of Lagos State, late Michael Otedola and Lady Doja, a well-established businesswoman welcomed this icon.

Where Did He School?

The well-known popular businessman attended the University of Lagos Staff School. He furthered his education at the prestigious Obafemi Awolowo University in 1985, Ile–Ife Osun State, where he achieved his first degree.

After schooling, he started working as the marketing personnel in his family’s printing business. 

First Wife Saga

Before Femi Otedola became super-rich, he fell in love with Olayinka Odukoya while working in his family’s printing business.

They both loved each other and did everything together but their relationship couldn’t last. The reason was that Femi’s mum was against the union.

Olayinka even got pregnant, but his mum remained adamant and didn’t welcome her.

ALSO READ: Billionaire, Femi Otedola acquires ‘Substantial’ stake In FBN Holdings

Sources of Wealth

Besides being the founder of Forte Oil and Zenon Petroleum and Gas Ltd, the billionaire owns other businesses, such as shipping, real estate, and finance.

Net Worth

Aside from having a net worth of $300 million, Femi has magnificent houses in London, Dubai, Abuja, Lagos, and New York City. He owns a private jet and a few of his caravan of cars include

  • Mercedes Benz AMG G63 worth N73 million.
  • G–wagon costing N53 million.
  • Mercedes SLR McLaren worth N250 million.
  • Rolls–Royce Phantom worth N162 million.
  • His BMW 6 series is worth N30 million.

What’s more? Femi Otedola married his heartthrob, Nana Otedola. God blessed the duo with four wonderful children, three daughters and a son namely;

  • Tolani Otedola
  • Temi Otedola
  • DJ Cuppy
  • Fewa Otedola


  1. Before Femi married Nana and became wealthy, he got involved in a whirlwind romance with a lady known as Olayinka Odukoya.
  2. The billionaire had serious issues as regards his mum’s rejection of Olayinka. However, the young lovers’ union results in Tolani, his firstborn.
  3. He had once lost everything he worked for within nine months where his net worth of $1.8 billion reduced to $550million.


The information in this article was curated from online sources. All details cannot be independently verified by NewsWireNGR or its editorial team.

Always visit NewsWireNGR for latest naija news and updated naija breaking news.

NewsWireNGR Latest News in Nigeria

Send Us A Press Statement/News Tips on 9ja Happenings: [email protected]

Advertise With Us: [email protected]

Contact Us


Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *