Femi Otedola

Femi Otedola

Nigeria 63 years old Self-Made

Overview

Source of Wealth
Energy and Utilities
Industry
Energy
Residence
Lagos
Marital Status
Married
Children
4

Assets

  • FBN Holdings
    8,055,314,000 shares @ -
    -
    FIRSTHOLDCO-NG
  • Geregu Power
    125,000,000 shares @ -
    -
    GEREGU-NG
  • Zenith Bank PLC
    125,000 shares @ -
    -
    ZENITHBANK-NG

Biography

Femi Otedola is a Nigerian billionaire who made his first fortune in commodities before selling his shares in Forte Oil to invest in the energy business.

In 2025, Otedola sold his majority stake in Geregu Power, a power generation business, pocketing roughly $750 million.

He had previously sold down his stake in Geregu, which once exceeded 95%, to bring on institutional investors.

He retains a 5% stake in the Lagos-based company.

He also owns properties in Lagos, Dubai, London and Monaco, and holds shares in Zenith Bank and FBN Holdings.

About

His daughter is a professional DJ who goes by the stage name DJ Cuppy.