Femi Otedola's Net Worth Hits $1.8 Billion in 2026

Femi Otedola, a prominent Nigerian billionaire investor, has seen his net worth rise to $1.8 billion as of August 21, 2026, following a $500 million increase since the beginning of the year. This marks a 38.5% gain over eight months, according to Forbes’ Real-Time Billionaires ranking.

Otedola, who serves as Chairman of First HoldCo Plc, the parent company of First Bank of Nigeria, has shifted his investment focus from power generation to financial services, significantly increasing his stake in First HoldCo to over 26%. His investments in First HoldCo during 2026 have exceeded N400 billion, indicating a potential long-term strategy to gain majority control.

Otedola has received accolades for his investment strategies, including being named Activist Investor and Market Maker of the Year by Nairametrics in 2025 and Investor of the Year 2024 by The Nation. His wealth has also been influenced by previous transactions, including the sale of his majority stake in Geregu Power for approximately $750 million.