As a philanthropist, Femi Otedola has made several donations to orphanages, universities, hospitals, communities and so on. Femi Otedola is one the few real billionaires we in the country today. In 2007, he made a N100Million donation to the Otedola College of Primary Education in Epe. Femi Otedola is one of Nigeria’s most popular billionaires. The following year, Lawan was charged for corruption. Her sister Temi is a celebrity blogger, actress, and also a designer. Temi Otedola’s net worth. He developed an interest in business and investing in his youth, eventually entering the Wharton School of the University of Pennsylvania in 1947 before transferring to and graduating from the University of Nebraska at 19. Still in 2005, Femi made a donation of #300 Million for the completion of the National Ecumenical Centre. Just like other big businessmen in the country, he has made us proud, and we pray for his continuous success. Net Worth. In 2003, having identified an opportunity in the fuel retail market, Otedola secured the finance to set up Zenon Petroleum and Gas Ltd, a petroleum products marketing and distribution company. Some of these brands are Orange Culture Nigeria, FarFetch, Very UK, and other brands. In 2010, he and Bill Gates launched the Giving Pledge, asking billionaires to commit to donating at least half of their wealth to charitable causes. He has promised to donate over 99% of his wealth. Due to the difficult economic situations which were a result of a decrease in world oil prices and the credit squeeze, African Petroleum experienced a record loss in 2009. A Brand of Solorosco Web Service Solutions, (BN: 2741177). Top 10 Most Populated States In Nigeria (2021), The Richest Musicians In Africa (2021): Top 30 African Forbes List, The Best Estates In Lagos, Nigeria (Compared 2021), Ike Ekweremadu Net Worth, Bio, Properties, Houses, and Cars. Over the years, he has made major donations to the Michael Otedola University Scholarship Scheme. Webber received the Australian Sports Medal in 2000 and was appointed Officer of the Order of Australia (AO) in the 2017 Australia Day Honours. This actually happened within a short period of six months. In December that year he personally acquired a further 29.3 per cent of the company for N40 billion. Nevertheless, Femi Otedula is also reported having a house in NewYork, USA and in London, UK. He has been referred to as the “Oracle” or “Sage” of Omaha by global media. Buffett is a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Bill & Melinda Gates Foundation. However, her dry cleaning company fetches a sumptuous amount of over $100k annually. She has been known to make a tremendous amount of money from her dry cleaning company. As of 2019, his Networrh is estimated to worth US$300 Million making him one of Nigeria richest man across the globe. That is what we are going to find out in this article. So far he has given more than $41 billion, mostly to the Gates Foundation and his kids’ foundations. He left F1 after the 2013 championship and moved to the WEC alongside Bernhard and Hartley in a Porsche 919 Hybrid in the fully-professional Le Mans Prototype 1 category from the 2014 to the 2016 seasons. One of his ships, a flat bottomed bunker vessel with a storage capacity of 16,000 metric tonnes, was the first of its kind in Africa. They did this by launching an initiative to regulate the market and sell petrol at a rate of #50 per liter from more than 500 petrol stations across the nation. He is the son of local motorcycle dealer and petrol station owner Alan Webber and his wife Diane. As a style influencer, Vlogger, Blogger, Temi has partnered with several brands. He thoroughly restructured the business, focused on technology, and also upgraded their corporate governance. That same year, he purchased a fleet of 100 fuel tanker trucks. Webber received a second-hand worn out go-kart from his father in 1990 and drove it about once a month at the Canberra Go-Kart Club and in meetings in and around Canberra. Please enter your username or email address to reset your password. They had two daughters (Ifeoluwa and Temi) , and a son called Fewa. Femi Otedola Net Worth And Biography. As the founder and owner of this company, Femi Otedola invested a whopping #15 Billion Naira in the infrastructural development of this company. With several investments and businesses spread across different parts of the world, it is not a surprise that Femi Otedola is a billionaire. Otedola was born on 4th November 1962 in Ibadan, the capital of Oyo State, south west Nigeria, into the family of the late Sir Michael Otedola, Governor of Lagos State from 1992 to 1993. Although, Nana Otedola’s net worth has not been estimated, it does not rule out the fact that she is one of the most influential woman in Africa as a whole. Otedola established CentreForce Ltd, specialising in finance, investments and trading. In 2014, Femi Otedola again made it to the Forbes list, after falling out during their record loss in 2009. Tolani Otedola Profile Real Name Olawunmi Christine Otedola Other Names Tolani Otedola Age/Date of Birth 31st November, 1986. Back in 2007, Femi Otedola was amongst the group of people who gave #200 Million to the State Security Trust Fund in their movement to reduce crime in Lagos State. Femi Otedola is a popular Nigerian businessman, philanthropist, and former chairman of Forte Oil PLC, an indigenous energy group, headquartered in Lagos, Nigeria, with extended operations in Ghana. Femi Otedola has an estimated net worth of $1.8 billion, which was reported by Forbes in 2016. Later in 2009, he aired a move to upgrade the storage terminals of African Petroleum. As of 2021 Femi Otedola net worth is $2 billion. Content on this website is protected by DMCA. Femi was born on November 4th, 1962, in Oyo state capital, Ibadan, to the family of late Sir Michael Otedola, a one time Governor of Lagos state and served from the year 1992 to 1993. She is the first daughter of […] In 2005, this company was already in control of a major share of the diesel market in Nigeria. Online estimates of Temi Otedola’s net worth vary. Nana has actually given birth to three children for Femi Otedola. Temiloluwa Elizabeth Otedola, popularly known as Temi Otedola is a London based Nigerian entrepreneur. Although born into one of Nigeria and Africa’s richest family, Temi Otedola still strives to make a name for herself in the entertainment industry like her siblings. However, it doesn’t mean she is depended on her father for living expenses. His first daughter, Olawunmi Christy Otedola aka Tolani, is a musician. They supplied petrol to most manufacturers in the country like Dangote Group, Coca-Cola, Cadbury, Nestlé, Guinness, and more. Today, Otedola is the fourth richest man in Nigeria, and also one of the richest men in Africa. Top 10 Richest Footballers In The World (2021), Top 10 Richest Yoruba Actors and Actresses in Nigeria (2021), How To Cancel Auto-Renewal On MTN Data Plans, Top 10 Richest Actors In Nigeria and their Net Worth (2021), How To Join the Nollywood Industry in 2021, Wizkid Net Worth in Dollars and In Naira (2021) – Forbes, 15 Highest Paid Players In Premier League (2021). Webber attended the nearby Isabella Street Primary School and Karabar High School for his education. He is a champion of the 2015 FIA World Endurance Championship (WEC) for Porsche with German Timo Bernhard and New Zealander Brendon Hartley. He began driving motorbikes on weekends from about age four or five on his maternal grandfather’s 2,500-acre (1,000 ha) farm. It operates majorly in the downstream sector of the Nigeria’s Oil and Gas industry, but has diversified its businesses into other sectors of the energy value chain. Femi Otedola: Biography, net worth, cars, house & businesses 2021 Femi Otedola Biography Femi Otedola is the third richest man in Nigeria, and one of the richest men in Africa. Glusea brings to you Warren Buffett net worth. He retired from motor sport in 2016 and became a television pundit for Channel 4 in the United Kingdom and Network 10 in Australia and driver management. Otedola is chief executive and president of SeaForce Shipping Company Ltd and was at one point Nigeria’s largest ship owner after extending control over the distribution of diesel products. Femi Otedola is a Nigerian Business man and Philanthropist, Watch his Bio and be Inspired. Femi Otedola … The following year, Forte Oil’s revenue growth a mounted to about 33%. Towards the end of that same year, he further purchased a 29.3% stake in the company for a whopping #40 Billion Naira. Femi Otedola Early Career . In December 2010, African Petroleum re-branded, changing its name to Forte Oil PLC. Glusea brings to you Femi Otedola net worth Femi Otedola is a Nigerian businessman, philanthropist, and former chairman of Forte Oil PLC, an importer of fuel products. Also Read: Aliko Dangote Net Worth. This was part of the Government’s push to liberalize the ailing power sector in Nigeria. She has earned this money from her blogging career and will definitely inherit way more money from her father. The Hong Kong listed firm went public in September 2020, raising nearly $1.1 billion in its initial public offering. Femi Otedola Biography: Net worth. They became the biggest shareholders in major Nigerian banks like Zenith Bank and UBA. Temi Otedola’s net worth is $2 million. The trio won eight races in the final two seasons and the 2015 World Endurance Drivers’ Championship. This billionaire’s garage is said to worth millions of dollars. Aside from the drop in Forte Oil’s stock price, his wealth also received a blow from the devaluation of the Naira by the Central Bank of Nigeria. This deal was reported to have given Femi Otedola a whopping $200 Million. According to forbes 2016 billionnaire rating Femi Otedola Net Worth net worth is esimated at $1.8 million dollars, bringing him to the list of the richest and most influential persons in Nigeria. Mark Webber Net Worth: Mark Alan Webber is an Australian former professional racing driver who has a net worth of $15 million. See Also: Creativity Means Using Your Degree Beyond Getting Jobs And Pay Raise. Known as the “Oracle of Omaha,” Warren Buffett is one of the most successful investors of all time. Femi Otedola has made numerous donations to several charity schemes across the world. He is the richest person in China and in December 2020, he became Asia’s richest man, topping India’s Mukesh Ambani. He has currently invested in the power generation sector in Nigeria, so as to improve the productivity of the sector. This was actually established by his father in 1985 to provide higher education for underprivileged students in Lagos State. The son of a U.S. congressman, he first bought stock at age 11 and first filed taxes at age 13.
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