“No wonder”- Forbes report about Femi Otedola sparks buzz

Nigerian billionaire businessman, Femi Otedola, has made headlines after being named Africa’s poorest billionaire by Forbes.

‎It would be recalled that Forbes recently released the list of Africa’s richest men, with Aliko Dangote topping the list with an estimated net worth of $28.5 billion.

‎According to the Forbes report, Aliko Dangote is $4.6 billion richer this year, as shares of his NGX-listed cement company surged nearly 69% in March 2025.

‎Forbes Report On Femi Otedola

‎In the recently released report, Femi Otedola was listed as Africa’s poorest billionaire, having lost $200 million in wealth after selling the majority of his stake in Geregu Power at a discount to the company’s market price.

‎”Femi Otedola, who lost $200 million in wealth after selling the majority of his stake in Geregu Power at a discount to the public company’s market price, as the “poorest” billionaire in Africa, by Forbes’ estimates. Each is worth $1.3 billion“, The report reads in part.

Recall that Femi Otedola’s net worth was estimated at $1.5 billion in 2023, according to Forbes.

Among Africa’s poorest billionaires, alongside Femi Otedola, was Anas Sefrioui, according to the recent Forbes report.

See below……