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15 IMPORTANT life lessons to learn from oil tycoon, Femi Otedola – See how he went flat broke and became a billionaire again (Photos)


5 The bright idea born in the dark

Femi Otedola
Femi Otedola, and daughter, DJ Cuppy

Otedola’s eureka moment happened during the customary black out that has plagued most African economies. The energy crises caused Otedola to see the gap in the market and supply gas oil to power the nation. Perfect example of turning life’s lemons into lemonade.

6 We all have a value

According to Forbes, Otedola’s net worth is a staggering $1.11 billion. With great wealth comes great responsibility and judging from Mr Otedola’s charitable investments, he is shouldering that responsibility quite well.

7 Never be too scared to get your hands dirty

In the early days, Otedola started his oil business by transporting barrels of diesel door to door in a truck. All his friends laughed at him but he persisted and today guess who has the last laugh?

8 The billionaire who bounced back

The worst day in business for Otedola was when he lost $1 billion. Now that is not something you lose everyday. Incidentally, Mr Otedola is the only billionaire on record, who has lost everything and bounced right back to the top of the coveted Forbes rich list.

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