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Femi Otedola’s net worth surged by $600 million in under five months, driven by his stake in First HoldCo PlcFirst HoldCo’s shares gained more than 200 per cent this year, making it Nigeria’s most valuable listed banking groupAliko Dangote also moved higher, with Africa’s combined billionaire wealth rising to $132 billion in 202
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Femi Otedola emerged as Africa’s fastest-growing billionaire in 2026 after his net worth surged by $600 million in less than five months, fuelled largely by the explosive rise in his stake in First HoldCo Plc, the parent company of FirstBank.
An analysis of Forbes Africa’s real-time billionaire tracker shows that Otedola’s fortune rose 46.1 per cent to $1.9 billion as of August 7, 2026, from $1.3 billion on March 9.
Femi Otedola emerges as Africa’s fastest-rising billionaire with a net worth of
