- Category:
- Richest Business › Richest Billionaires
- Net Worth:
- $1 Billion
What is Femi Ote's Net Worth?
Femi Ote is a Nigerian businessman and entrepreneur who has a net worth of $1 billion. Femi Ote was born in Ibadan, Oyo State, Nigeria in November 1962. He is the chairman of fuel products importer Forte Oil PLC. He has also founded Zenon Petroleum and Gas Ltd. Ote owns several other businesses in industries like shipping, finances, and real estate. He secured financing to set up Zenon Petroleum and Gas Ltd.
In 2003. In 2007 he was appointed the chairman and chief executive of Africa Petroleum. The company changed its name to Forte Oil PLC in 2010. The company sold 17% of its equity to Mercuria Energy Group in 2015 which made Femi Ote about $200 million. He owns Swift Insurance and is the chief executive and president of SeaForce Shipping Company Ltd. He has been involved in alleged bribery and corruption but plead not guilty.
