![\"Otedola\"](\"https:\/\/nigerianfinder.com\/wp-content\/uploads\/2016\/03\/Otedola-213x200.jpg\")
<\/p>\nIn March 2009, Femi Otedola became the second Nigerian after Aliko Dangote to appear on the Forbes list of dollar denomination billionaires and one of the richest personalities to emerge from the African continent. Just how rich is Femi Otedola? What exactly does he do and what businesses is he into? Let\u2019s do a little exploration together.<\/p>\n
Femi Otedola was born in 1962 in Ibadan, Oyo state, Nigeria. He is the son of an ex-governor of Lagos state; Sir Michael Otedola who served between 1992 and 1993. He was exposed to business at a very young age as he was the head of the marketing department for the family\u2019s printing press before later leaving to trade petroleum.<\/p>\n
<\/p>\n
He is married to Nana Otedola and they both have three daughters and a son. Among his children is Florence Otedola aka DJ Cuppy, the international DJ and tourism ambassador for Nigeria and Temi \u201cStyles\u201d Otedola who is a fashion designer and a fashion blogger.<\/p>\n
Also Read: Atiku Abubakar Net Worth<\/a><\/strong><\/p>\n In 2003, he started Zenon oil and gas limited, with both his cash and some additional borrowed but much needed capital. Zenon oil and gas was actively involved in the production, marketing and distribution of petroleum and petroleum products. In 2004, he invested N16.4 billion in downstream infrastructure development and acquired storage depots in Apapa, four cargo vessels (147,000) metric tonnes, and 100 DAF fuel tankers.<\/p>\n By 2005, Zenon was the main supplier of fuel to companies like Dangote Group, Nigerian Brewries, MTN, Unilever, Nestle, Coca Cola, and Guinness. He had purchased 55.3% of African petroleum for N14 billion, shortly after he appointed chairman and chief executive of African petroleum through acquisition of the company\u2019s stake. In 2010, he changed the name of African Petroleum to Forte Oil.<\/p>\n