Femi Otedola's Investment Value Soars by N1.48 Trillion
In the third quarter of 2026, Nigerian billionaire Femi Otedola experienced a remarkable N1.48 trillion increase in the market value of his investment in First HoldCo, raising its value from N451.50 billion at the end of June to N1.93 trillion by September. This surge was attributed to a substantial 185.3% increase in First HoldCo’s share price during the quarter.
The valuation gain also reflected changes in the number of shares held. As of January 2026, Otedola owned approximately 8.06 billion shares in First HoldCo, amounting to 18.12% of its outstanding shares.
On August 24, he acquired an additional 95.7 million shares for N12.58 billion at a price of N131.48 per share. By September 19, 2026, Forbes’ Real-Time Billionaires data indicated that Otedola's net worth had reached $2 billion, marking a $200 million increase from the previous valuation of $1.8 billion in August.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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