Femi Otedola’s wealth has increased in September 2025, helping him climb the global billionaire rich list.
New data from Forbes showed that the chairman of Geregu Power Plc and FBN Holdings Plc net worth has increased to $1.6 billion as of Wednesday, October 8, 2025.
This represented a $100 million increase in one month, compared to $1.5 billion in September 2025.
Otedola’s new wealth has pushed him up from 2,431st to 2,385th position on the world’s billionaire ranking.
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According to Forbes, Otedola, who made his fortune in energy and utilities, benefited from strong investor confidence and the solid performance of Geregu Power Plc, the first power generation company listed on the Nigerian Exchange (NGX).
Since its debut on the market, the company has attracted institutional and international investors betting on Nigeria’s electricity reform.
At 62 years old, Otedola continues to diversify his investments beyond oil and gas, focusing on the power and finance sectors.
While Otedola’s fortune climbed, other Nigerian billionaires recorded minimal changes.
Aliko Dangote, Africa’s richest man, now ranks 93rd globally with a net worth of $24.8 billion, up slightly from $24.4 billion a month ago.
Abdulsamad Rabiu, chairman of BUA Group, saw his wealth rise from $7.2 billion to $7.9 billion, placing him 450th.
While Mike Adenuga, founder of Globacom, maintained his net worth at $6.3 billion, ranking 610th globally.
Global billionaire rankings
On the global front, American tech founders continue to dominate. Elon Musk, Larry Ellison, and Mark Zuckerberg occupy the top three positions, while Bernard Arnault & family remain the richest non-American, sitting in seventh place with $171.5 billion. Here’s world’s top 10 richest men.
Here’s world’s top 10 richest men
Elon Musk: $484.2bn
Larry Ellison: $344.4bn
Mark Zuckerberg: $244.3bn
Jeff Bezos: $234.5bn
Larry Page: $204.7bn
Sergey Brin: $189.9bn
Bernard Arnault & family: $171.5bn
Jensen Huang: $160.7bn
Steve Ballmer: $157.5bn
Warren Buffett: $150.1bn