Femi Otedola's net worth has risen to $2 billion, removing his title as Africa's poorest billionaire. He is now wealthier than several other prominent African billionaires, including Samih Sawiris, Yasseen Mansour, and Othman Benjelloun. Otedola's fortune grew thanks to his aggressive share acquisition and increasing influence at First HoldCo, where he became chairman in January 2024. His stake in First HoldCo increased to nearly 28%, with a recent multimillion-dollar share purchase bolstering his holdings.
Femi Otedola's net worth has risen to $2 billion, removing his title as Africa's poorest billionaire. He is now wealthier than several other prominent African billionaires, including Samih Sawiris, Yasseen Mansour, and Othman Benjelloun. Otedola's fortune grew thanks to his aggressive share acquisition and increasing influence at First HoldCo, where he became chairman in January 2024. His stake in First HoldCo increased to nearly 28%, with a recent multimillion-dollar share purchase bolstering his holdings.