How rich is Femi Otedola?
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He could be the CEO of Forte Oil Plc, and seemed as among just two Nigerians (alongside Aliko Dangote) to show up to the 2009 “Forbes” list of 793 dollar-denominated billionaires on the planet, having an estimated net worth of over US$1.2 billion.
Femi Otedola is the billionaire owner of multi-billion naira native petroleum giant Zenon. Zenon, which can be directly run by Otedola, is the dominant power in the diesel company among petroleum advertising concerns. It consequently provides all of the significant fuel used to power creating sets of most Nigerian businesses and manufacturing companies. Included in these are Dangote Group, Cadbury, Coca Cola, Nigerian Breweries, MTN, Unilever, Nestle, and Guinness, amongst others. In September 2012, Otedola’s name was released on the list of set of managers whose business was owing Asset Management Corporation of Nigeria (AMCON) N192 billion. Otedola possesses among the nation’s biggest petroleum storage facilities which he bought for N2.8 billion. Otedola began Zenon few years back and in just a brief time assumed control of the marketplace. Now he’s become the pacesetter in the downstream sector while expanding the frontiers of rivalry. NNPC Group Managing Director, Engr. Funso Kupoloku admitted this much when he said Zenon was now the business to conquer in the downstream sector. His firm seemed to have completely prepared itself for the deregulation of the oil sector as evidenced in its purchases. Purchasing three cargo ships in rapid sequence to bring its total amount of boats to four. MT Sir Michael (his dad), MT Lady Doja (his mom), MT Nana (his wife). Energy specialists say Zenon’s growth will be to combine its competitive advantage in the marketplace.