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Femi Otedola Net Worth 2023 And Biography.

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Femi Otdola Net And Biography.

Femi Otedola Net Worth: Femi Otedola is a Nigerian business mogul, investor, industrialist and an established entrepreneur who has a net worth of $1.8 billion dollars according forbes 2016 world billionaire ranking.

According to forbes 2016 billionnaire rating Femi Otedola Net Worth net worth is estimated at $1.8 million dollars, bringing him top on the list of the richest and most influential persons in Nigeria.

If you have spend time in In Nigeria, you must have hear of the popular name whom both Nigeria artistes and young boys mentioned on daily basis “Femi Otedola” the popularity of his name is not just for mere purposes.

Femi Otdola Net Worth

Femi Otedola who happen to be the father of Nigerian popular DJ, DJ Cuppy, Blogger Temi Otedola and a Musician Tolani Otedola, He has been sited several time by artistes most recently Victor AD, with the slangs “waiting DJ Cuppy money no fit do Otedola Money do am oo”, keep calm you are on the right page to know as much as you want to know about Billionaire Femi Otedola.

Otedola Net Worth: However, in 2016 Forbes Estimated net worth to be 1.8 Billion Dollars, making him one of the richest and most influential men in Nigeria and in Africa.

Femi Otedola Profile

  • Full Name: Femi Otedola
  • Birth Date: 1962
  • Birth Place: Oyo State
  • Nick Name: Otedola$
  • Religion: Christian
  • Nationality: Nigerian
  • Ethnicity: Yoruba
  • Education: N/A
  • Horoscope: N/A
  • Father’s Name: Updating Soon
  • Mother’s Name: Updating Soon
  • Siblings: Updating Soon
  • Age: 58-Years-Old
  • Height: 1.95M
  • Weight: N/A
  • Shoe Size : N/A
  • Eye Color : Dark Brown
  • Body Measurement: N/A
  • Marital Status: Married
  • Children: Blessed With Children
  • Profession: Businessman/ Entrepreneur
  • Stats: Active
  • Net Worth: $1.8 Billion Dollars
  • Salary: Updating Soon
  • Social Media: Instagram, Twitter

Femi Otedola Biography

Femi Otedola is a Nigerian both by birth and by origin, He was born on 4th November 1962, Otedola was born in Ibadan, Oyo State, south west Nigeria, into the family of the late Sir Michael Otedola, who was then Governor of Lagos State from 1992 to 1993.

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According to forbes 2016 billionnaire rating, Femi Otedola Net Worth net worth is estimated at $1.8 million dollars, bringing him top on the list of the richest and most influential persons in Nigeria.

He is a Nigerian businessman, philanthropist, and former chairman of Forte Oil PLC, an importer of fuel products. Otedola is the founder of Zenon Petroleum and Gas Ltd, and the owner of a number of other businesses across shipping, real estate and finance. He has recently invested in power generation as part of the liberalization of the sector in Nigeria.

Femi otedola Biography
otedola

In one of his recent interview, he once said “I had about 93 percent of the diesel market on my fingertips. All of a sudden, oil prices collapsed and I had over one million tons of diesel on the high seas and the price dropped from $146 to $34.”

Femi Otdola Net Worth

Despite this experience, Femi has risen to become one of Nigerian billionaires ranking among the world’s richest persons. This wouldn’t have been possible if he had refused to re-strategize after the initial downfall of his company.

Otedola Business Career

Femi otedola net worth And Biography
otedola

Zenon Petroleum and Gas Limited

Mr. Femi Otedola has asserted himself in the market of the Nigerian oil and gas. In 2003, he founded the Zenon Petroleum and Gas Limited which specializes in the marketing and distribution of petroleum products. In 2004, Mr. Femi Otedola invested 15 billion Naira in Zenon which was used in infrastructure development and acquiring storage depots and cargo vessels. The company owns storage depots at Ibafon and Apapa and also possesses four cargo vessels. Three of the cargo vessels are named after his father, mother, and wife. Their names are MT Sir Michael, MT Lady Doja, and MT Nana respectively while the last one is named Zenon conquest.

Zenon controls a major share of the diesel market and supplies fuel to most of the major Nigerian manufacturing industries. These include Dangote Group, Cadbury, Coca-Cola, Nigerian Breweries, MTN, Unilever, Nestle, and Guinness. Zenon was able to seize control of the market in a very short time.

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Femi Otedola Net Worth And Biography.

Femi Zenon obtained 28.7% share in African Petroleum Limited. He was later appointed the Chairman and CEO of African Petroleum Limited because of Zenon’s shares in African Petroleum. He later acquired additional 29.3% share of African Petroleum Limited (56% shares in total) making him the largest shareholder of African Petroleum Limited.

Femi Otdola Net Worth

African Petroleum Limited was later changed to Forte Oil PLC, with lots of improvement in management and technology put in place which was pioneered by Femi Otedola.

Forte Oil gained access to the global market after selling 17% of its equity to Swiss Commodity Trader Mercuria Energy Group.

According to forbes 2016 billionnaire rating Femi Otedola Net Worth net worth is estimated at $1.8 million dollars, bringing him top on the list of the richest and most influential persons in Nigeria.

Femi is also the president of SeaForce Shipping Company Limited. Otedola advanced consistently in his business career and diversified into the Financial Industry. He is one of the major shareholders in Zenith and United Bank of Africa (UBA).

Femi Otedola Houses

Femi otedola net worth And Biography
Femi Otedola

In February 2007, he acquired a real estate worth N2.3billion from the Federal government through the Zenon of Stallion House. This is also an enlargement to his business coast.

Femi Otedola’s cars

Femi otedola Daughter Dj Cuppy
Otedola car

Femi Otedola owns a fleet of luxurious cars. He maintains a Mercedes fleet in Nigeria. He also maintains the Rolls-Royce custom-designed cars, built in Great Britain. Both fleets cost about $1 billion. His Mercedes cars are bulletproof include a Mercedes Benz AMG 63,  He recently acquired a Mercedes-Benz Mclaren SLR valued at N250 million.

Femi Otedola Net Worth And Biography.

Femi Otedola Philanthropy

Femi otedola Biography
Femi Otedola

Otedola has made several donations to the Michael Otedola University Scholarship Scheme, which was established by his father in 1985 to give underprivileged students in Lagos State access to higher education. In 2005 Zenon donated N200 million to the scheme’s fund. Since its inception the scheme has benefited more than 1,000 students.

Femi Otedola Net Worth And Biography.

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In 2005, Otedola made a N300 million personal donation to the completion of the National Ecumenical Centre—Nigeria’s primary place of Christian worship—in Abuja. In 2007 he was among a group of donors who gave N200 million to the State Security Trust Fund in a drive to reduce crime in Lagos State. Later that year he donated N100 million to the Otedola College of Primary Education in Noforija, Epe. In 2008 he donated N80 million to the Faculty of Agriculture at the University of Port Harcourt. Femi Otedola fulfilled his pledge of 25,000 dollars to the Super Eagles in the match against Algeria in the 2019 AFCON.

Femi Otedola Net Worth And Biography.

In the same 2019 Otedola Pledge 5 billion to Cuppy Foundation, In 2020 Covid_19 Pandemic that Hit hard on Nigeria, Femi Otedola Donate the Sum of N1 Billion Naira to Nigeria Federal Government.

Femi Otedola’s Companies

Femi-otedola-yacht

CentreForce Limited, Swift Insurance, Forte Oil, Zenon Petroleum and Gas Limited, Gegeru Power Plc and others are some of his companies.  He is a shareholder in various companies within and outside Nigeria.

Femi Otedola’s Appointments

  • South Africa commercial relationship developement committee member 2004
  • Non-executive director of Transnational Corporation of Nig. Plc 2006-2011
  • Chairman, Transcorp Hilton Hotel, Abuja.                                             2007
  • Nigerians National Economic Management Team member               2011

Femi Otedola wife and children

Femi otedola Daughters
Otedola and his girls

Mr. Femi Otedola is married to Nana Otedola. She is the owner and CEO of Garment Care, a dry-cleaning enterprise. Together they have three daughters and a son. One of his daughters, Florence Otedola, is also known as DJ Cuppy. She is an international music producer, DJ, and a tourist ambassador for Nigeria. The other daughter, Temi, is a designer and style blogger.

Femi Otedola Net Worth And Biography.

Femi Otedola Net Worth

Femi Otedola Net Worth: In 2014, he was listed by Forbes as number 29 among the richest people in Africa. According to forbes 2016 billionnaire rating Femi Otedola Net Worth net worth is estimated at $1.8 million dollars, bringing him top on the list of the richest and most influential persons in Nigeria.

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Billionaires

Adebayo Ogunlesi Biography, Business, Age, Personal Life And Net Worth.

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September 28, 2023

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Adebayo “Bayo” O. Ogunlesi is a Nigerian lawyer and investment banker. Ogunlesi is currently Chairman and Managing Partner at the private equity firm Global Infrastructure Partners (GIP). Ogunlesi was the former head of Global Investment Banking at Credit Suisse First Boston before being promoted to Chief Client Officer and Executive Vice Chairman.

Early life

Ogunlesi went to King’s College, Lagos, a secondary school in Lagos, Nigeria. He received a B.A. with first class honors in Philosophy, Politics and Economics from Oxford University in England. In 1979, he received a J.D. magna cum laude from Harvard Law School and an M.B.A. from the Harvard Business School, which he pursued at the same time. During his time at Harvard, he was on the Harvard Law Review.

Career

From 1980 to 1981, Ogunlesi served as a law clerk to Associate Justice Thurgood Marshall of the United States Supreme Court. Ogunlesi was an attorney in the corporate practice group of the New York City law firm of Cravath, Swaine & Moore, where he had been a summer associate while studying for his M.B.A.

In 1983, Ogunlesi joined the investment bank First Boston as an advisor on a Nigerian gas project. At First Boston, he worked in the Project Finance Group, advising clients on transactions and financings and has worked on transactions in North and South America, the Caribbean, Europe, the Middle East, Africa and Asia. From 1997 to 2002, he was the Head of the Global Energy Group of the by then renamed Credit Suisse First Boston (CSFB). In 2002, Ogunlesi was appointed Global Head of CSFB’s Investment Banking Division. Also in 2002, he served as a member of Credit Suisse’s Executive Board and Management Committee. From 2004 to 2006, Ogunlesi was Executive Vice Chairman and Chief Client Officer of CSFB.

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In July 2006, Ogunlesi started the private equity firm, Global Infrastructure Partners (GIP), a joint venture whose initial investors included Credit Suisse and General Electric. He currently serves as Chairman and Managing Partner.

In 2006, GIP bought London City Airport. In 2009, GIP acquired the majority in London Gatwick Airport in a deal worth £1.455 billion. The Nigerian press has given him the nickname, “The Man Who Bought Gatwick Airport.” GIP also owns Edinburgh Airport, which they bought in 2012, and Nuovo Trasporto Viaggiatori, which they bought in February 2018.

Age

67 years

Personal life

Ogunlesi has been married to British-born optometrist, Dr. Amelia Quist-Ogunlesi since 1985. They have two children.

Awards and honors

Recipient of The International Center in New York’s Award of Excellence.

Memberships

  • Harvard Business School: Member, Board of Dean’s Advisors
  • Harvard Law School: Member, Leadership Council of New York
  • Harvard University: Member, Global Advisory Council
  • NAACP Legal Defense and Educational Fund: Member, National Board of Directors
  • NewYork–Presbyterian Hospital: Member, Board of Trustees
  • Partnership for New York City Fund: Member, Board of Directors
  • King’s College Old Boys Association: Member

Works and publications

  • Ogunlesi, Adebayo (1979). The Basic Human Needs Approach to Development. Cambridge, MA: Harvard Law School. OCLC 81062298. Submitted to: Professor C. Clyde Ferguson, Jr. [for the] Seminar: Legal Problems of the New International Economics Order (Harvard third year paper)

Net Worth Of Adebayo Ogunlesi

Looking at the portfolio of the investments of GIP of which Adebayo Ogunlesi is a shareholder in, you will agree that he is worth a fortune. as of 2020 his net worth is estimated to be $14.1 million dollars

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You can as well check our list of the richest Nollywood actors here

Quotes Of Adebayo Ogunlesi

“Professional success is about ability, hard work, and relationships. Who you know, and how you connect to them is an incredible determinant of how you would succeed.”

“Poor infrastructure not only inhibits economic growth but quite frankly, it stands in the way and affects the quality of the lives of the people in the continent.”

“Africa needs to recognize that it is in competition for investment capital.”

“Each generation of Africans faces a unique set of challenges that defines it.”

“…Use your entrepreneurial drive, uncompromising integrity, and a passion for excellence in everything you do, and apply all of those skills, talents and capabilities to address the challenges the continent faces.” Quote source

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Billionaires

Meet the top 10 richest Russian billionaires, who have a collective net worth of $180 billion dollars.

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Meet Vladimir Potanin, is the richest documented man in Russia, who made his $22 billion fortune in the nickel industry, has owned at least 3 yachts, and plays ice hockey with Vladimir Putin

top 10 richest Russian billionaires

  • The 10 richest Russian billionaires in the world, according to the Bloomberg Billionaires Index, have a collective net worth of almost $180 billion.
  • They are investors, businessmen, and owners of popular football clubs.
  • Some of these men also have close ties to Russian President Vladimir Putin, who is conspicuously absent from the list.
  • Meet the 10 richest known Russian billionaires in the world.

top 10 richest Russian billionaires

The richest Russian people in the world are ultra-wealthy businessmen and investors with stakes in minerals, large banks, and even popular football clubs. 

One name, however, is conspicuously absent: President Vladimir Putin. 

There is no definitive answer on how much the Russian head of state is worth. In 2019, Quartz described Putin’s net worth, as based on financial disclosures released by the Kremlin, as “comically modest.”

At a 2017 Senate Judiciary Hearing, outspoken Putin critic Bill Browder estimated the president “has accumulated $200 billion of ill-gotten gains” and described him as “one of the richest men in the world.”

Vladimir Potanin, is the richest documented man in Russia, who made his $22 billion fortune in the nickel industry, has owned at least 3 yachts, and plays ice hockey with Vladimir Putin

Check out: top 10 forbes richest Russian billionaires in 2020 here

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Billionaires

Phil Knight Forbes Net Worth And Biography

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September 28, 2023

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Philip Hampson Knight, is an American billionaire businessman, Who have a net worth of $47.4 billion dollar. He is the co-founder and chairman emeritus of Nike, Inc., and was previously chairman and CEO of the company. As of September 26, 2020, Knight was ranked by Forbes as the 25th richest Billionaires in the world. with an estimated net worth of US$47.4 billion.

Phil Knight Forbes Net Worth And Biography

  • Phil Knight, founder of shoe giant Nike, retired as chairman in June 2016 after 52 years at the company.
  • Knight ran track at the University of Oregon and created Nike shoes with his former track coach, Bill Bowerman.
  • In 1964, they each put up $500 to start what would become Nike, then called Blue Ribbon Sports.
  • Today Nike’s revenues top $37 billion.
  • Knight has pledged over $500 million in donations to both the University of Oregon and Stanford’s Graduate School of Business, his alma maters.

Phil Knight Early Life

Philip Hampson Knight was born in Portland, Oregon, on February 24, 1938. His parents are Lota Knight (née Hatfield) and Bill Knight, was a lawyer and later a newspaper publisher.

Knight was raised in the Portland neighborhood of Eastmoreland, and graduated from Cleveland High School. He then continued his education at the University of Oregon, where he was a member of the Phi Gamma Delta fraternity, worked as a sports reporter for the Oregon Daily Emerald, and was a middle-distance runner. He graduated from college in 1959 with a degree in journalism.

Knight began his career working as a Certified Public Accountant, firstly with Coopers & Lybrand, and then price Waterhouse. He then became an accounting professor at Portland State University.

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After graduating from the University of Oregon, Knight enlisted in the Army and served one year on active duty. After one year of active duty, he enrolled at Stanford Graduate School of Business.

Phil Knight Forbes Net Worth: As of September 26, 2020, Knight was ranked by Forbes as the 25th richest Billionaires in the world. with an estimated net worth of US$47.4 billion.

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