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Business Mogul Femi Otedola Made $398 Million in 3 Months!

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Femi Otedola Bella Naija

Jay Z once said, “I’m not a businessman, I’m a BUSINESS, man!” The same can be said about Nigerian business mogul, Femi Otedola.

He reportedly made a whopping $398 million in just 90 days as a result of Forte Oil PLC’s 167% surge in shares, Forbes reports. 

Otedola became the largest shareholder in Forte Oil in 2007 when he obtained a 28.7% stake in the company from the government-owned oil company, the Nigerian National Petroleum Corporation (NNPC), for $120 million. He subsequently appointed himself as chairman of the company.

13 Comments

  1. @edDREAMZ

    June 3, 2014 at 6:25 pm

    a.k.a EDWIN CHINEDU AZUBUKO said…
    .
    God, nigeria is this rich and yet we are still suffering….. Hidden billionaires…..
    .
    .
    .
    ***CURRENTLY IN JUPITER***

    • Mz Socially Awkward....

      June 3, 2014 at 8:53 pm

      Is that your real name? Edwin?… “edDreamz”… it actually makes sense now. 🙂

  2. RS

    June 3, 2014 at 6:32 pm

    WOWZER!!!!

  3. Igbeyinadun

    June 3, 2014 at 6:53 pm

    $398 or $398 million, cause there is no big deal in the former.

  4. John Bosco

    June 3, 2014 at 7:05 pm

    Check your headline again Bella… #DoroTypo

  5. Akolade

    June 3, 2014 at 7:08 pm

    #Insider Trading

  6. Gistyinka Blog

    June 3, 2014 at 7:13 pm

    God provide for me quickly, so that i can buy government property like Uncle Femi and to be in monopoly business of cement like Aliko Dangote..

  7. MoneyMustbeMade

    June 3, 2014 at 7:52 pm

    MONEY!!!

  8. Cancel Reply

    June 3, 2014 at 9:18 pm

    It is well!

  9. ufuoma akusu

    June 3, 2014 at 9:41 pm

    Monay Monay monay,monayyyyYyyyy.

  10. issa habeeb

    June 3, 2014 at 9:56 pm

    Otedola…more feathers to ur cap…thumbs up

  11. RideOn

    June 3, 2014 at 10:32 pm

    We wey come get the Oil how many billionaires we don create wey get am for the oyel business? Yoruba and Hausa own don dey too much o. Half of oil blocks na hausa get am. Now all these otedola, tinubu, alakaja and co of the SW are also making a feast of our resources… Dia ris god o

  12. CarliforniaBawlar

    June 4, 2014 at 1:29 am

    hmmn hmmmn….shey they have enough money to let us have light now??

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