The richest people in Nigeria & their worth – See who is number 1 (+Photos)

7. Femi Otedola

Net Worth: $900 Million

Rank In Nigeria: #7

Rank IN Africa: #29 (#49 in 2013)

Earlier this year, Femi Otedola made $398 Million in 90 days as the shares of Forte Oil Plc surged 176% in that peroid

Nigerian energy tycoon Femi Otedola heads petroleum marketing company Forte Oil, whose shares soared starting in the spring of 2014 but have fallen from the high levels reached in June.

Otedola is the controlling shareholder of Forte Oil, with a 75% stake. The company owns gas stations and fuel storage depots and manufactures its own line of engine oils.

Forte said its shares rose earlier in 2014 on account of new investments in power generation and distribution.