IMPRESSIVE NEWS! FEMI OTEDOLA BREAKS INTO FORBES BILLIONAIRE'S LIST!

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pic source:
Pius Utomi/AFP/Getty Images

Check this out, number 601 on Forbes BILLIONAIRE'S LIST
Net Worth:$1.2 bil
Fortune:self made
Source:Energy
Age:42
Country Of Citizenship:Nigeria
Residence:
Industry:Energy
Education:NA,
Marital Status:married, 4 children

Politician's son used a majority stake in African Petroleum to get himself appointed its chief executive last year. Now he plans to merge it with his private firm, Zenon, to create the continent's largest oil company. Deal has stalled in the face of government concerns about a monopoly, with his assets temporarily frozen last year. Nigerian regulators lifted the ban in January. Conflict abounds in Otedola's life: he claims his friend and fellow billionaire, Aliko Dangote, broke a gentleman's agreement when he thwarted Zenon's bid to buy Chevron's local subsidiary in September. In retaliation, starting buying shares in Dangote's publicly traded sugar company.

Boy are we having fun or what? Watch out for our next post on the billionaire's list, should be impressive to say the least.

Comments

Anonymous said…
If Nigerians were not so greedy, and corrupt, I'm sure there will be more billionaires on the list than this,not including politicians, because we have a lot of natural resources, but unfortunately we don't know how to handle the natural resources with unity, and create equal opportunities. These two people made it this far by working hard.
12:25 AM
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