Femi Otedola Biography: Age, Family, Net-worth and Everything You Need To Know - Everything You Should Know About Everything including Music, celebrities, and your mentors

Thursday, September 27, 2018

Femi Otedola Biography: Age, Family, Net-worth and Everything You Need To Know


Femi Otedola, the Nigerian business mogul, and the Chairman of Forte Oil and Gas, Plc and also the founder of Zenon Petrol and Gas, is one who is well known in Nigeria as the “Billionaire Boy”, due to his extreme wealth. He has invest into a whole lot of business in the past years and also in his children, four of them, the one with the most media presence is the DJ in the family, famous for the stage name DJ Cuppy. This article is to give some relevant information about the Billionaire, Femi Otedola.
femi otedola


Femi Otedola was born on the 4th of November, 1962 (56 years) in Ibadan, Oyo State to the family of Sir Michael Agbolade Otedola who was the Governor of Lagos state for a year (1992 to 1993) before Sani Abacha’s regime when he was taken out of power and his mother, Lady Doja. He studied at Obafemi Awolowo University for four years and got his bachelor’s degree, after which he started running his father’s printing press business tirelessly.


Like many wealthy people, Femi Otedola loves the good life, his net worth was initially $1.2 billion, but due to the fluctuation in the Dollar to Naira, his net worth dropped to about $600 million (According to Forbes).
If you have seen the garage of Femi Otedola, then you will know that he does not joke about the brand of cars he purchases. His favorite brand is Mercedes of course, and the car you will see him around most with is his Mercedes G-wagon, which costs about $400, 000. He likes all his cars bullet proof for security reasons. One of his daughters, Florence Otedola (DJ Cuppy) once stated that she is tired of the security around her but inside and outside the house. He also has a Rolls Royce Phantom to his car collection, which costs about $500 million when all the custom fees are included.
The billionaire also had houses spread across Nigeria and outside Nigeria. He has houses in Lagos located in Ikoyi, Banana Island, and also has houses in Abuja. It has also been rumored that he has several houses in more states in Nigeria. He also has a large yacht which he enjoys cruising with his family and friends.


The Billionaire always rolls out with the billionaire friends, but a close look at him shows that the billionaire, Aliko Dangote, the richest man in Africa and the 100th richest man in the world is his best friend. When they attend private functions, you will always see them together and also they go for their Yacht ride together when they are on vacation. Even on Dangote’s birthday on the 10th of April, Femi Otedola referred to him as his brother, his best friend and the greatest man that came out of Africa on his post on Instagram.


Femi Otedola is happily married to Nana Otedola and has four children, three female children and one male child. They are; Florence Otedola (DJ Cuppy), Temi Otedola, Fewa Otedola and Olawumi Christy Otedola.


Most people think she is a Ghanaian by nationality because of her name “nana”, but according to her, she is a Nigerian but grew up in the United Kingdom. In 2005, she started her own company in UK and she is presently the Director in her own company making her one of the richest women in Nigeria. She is playfully referred to as “mama cupps” by her daughter, DJ Cuppy.


Florence is popularly known by her stage name “DJ Cuppy”, she was born on the 11th of November, 1992 (age 26) in Lagos, Nigeria. She had her primary school education in Ilupeju, Lagos then moved to Ikeja. She had her secondary education at King’s college in London, where she graduated in the year 2014, getting a bachelors degree in Business and Economics. She also studied music business in New York University where she got her Masters degree in the year 2015.
The NEA award bearer DJ Cuppy has had several appearances in big events such as the MTV Africa Music Award that took place in Durban in 2004, Financial Times Summit in Mexico and Tatler and Christie Art Ball in UK, London. She is indeed an epitome of beauty, and a “Daddy’s girl”, on July this year, her father, Femi Otedola bought her a brand new Range Rover Sport which costs N25 million. And before you ask if she is dating anyone? The answer is a big yes; she is the girlfriend of Asa Asika, the popular Singer, Davido’s manager.


Temi is the younger sister of Cuppy, she is a Fashion blogger (JTO blog) and a social media senasation. She is currently dating the famous Nigerian Singer by stage name Mr Eazy. Her blog started in the year 2014; it was inspired by her personal thoughts and inspiration from other fashion blogs. She created it, so she can express her full adventures via the fashion, beauty, travel and art arenas.
She studied History and Art in University College, London where she graduated and got her Bachelors degree earlier this year and got a Brand new Range Rover Evogue from her Dad as her graduation gift.
Other children are; Fewa Otedola, who is the only son and Olawunmi Otedola.


Forte Oil is an Oil and Gas company that was founded in the year 1964 (54 years ago), by the British Petroleum Nigeria Limited, its main headquarters is located at Victoria Island Lagos, they deal in Fuel Oils, Jet fuel, Gas Cylinder, Lubricants and petroleum products. In 2017, he acquired the largest share in the company making him the Chairman of the company as a result of votes as he was the major shareholder of Forte Oil and Gas Plc.


Femi Otedola founded Zenon Petroleum and Gas in 2003, which is for Petroleumproduct marketing and distribution.
Other companies includes; he was the chairman of Transcorp hilton Hotel in2007, and also has a wole lot of investment at his grasp.

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