Billionaire Femi Otedola and his usual white outfit is on the cover of Forbes Africa Mag



Nigeria's foremost energy/oil and gas mogul, Femi Otedola have always raised the bar among his peers. He reportedly made a whopping $398 million (N65 billion) between March 3 and June 2, 2014 as shares of Forte Oil PLC, a Nigerian Stock Exchange-listed energy distributor, surged 167% in that period. Forte Oil PLC is primarily engaged in the distribution of petroleum products such as diesel, aviation fuel and Premium Motor Spirit (PMS). The company has over 500 company-owned, dealer-assisted and dealer-developed gas stations spread across the country, oil storage depots in Lagos and Rivers states, a Power plant and a Joint User Hydrant Installation facility in Lagos. The company also sells its own range of automobile lubricants. Guess what, he is just 47 years old.

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