₦airaland Forum

The rich are getting richer while the poor are getting poorer. God have mercy on us.

Hopium:
People don't know it's the Nigeria stock market that's pushing our billionaires up the network ranking. Lmaooo.

If you bought/hold quality Nigerian stocks, your networth would have increased too. Ignoramus!

I don't suffer fools gladly. But just to point out that several Nigerians have far greater "quality Nigerian stock" holdings in the stock market than Femi, but they are not in the Forbes list, why? Both Tony and Jim have greater holdings in the stock market (via holding coys and subsidiaries), and Jim has a substantially greater collection of valuable real estate holdings... Not to mention a more consistent cash cow business, than Femi, so tell us another story.

Regardless, no further replies form me.

laivwire:
Valuation bro. Selling 20% stake in Geregu is bound to rocket up the valuation of the firm.

Besides we know what's happening with real estate in the West now. I'm assuming he's doesn't have a 3 bedroom but a bunch of skyscrapers at least. Monaco alone is a goldmine.

This is where the 'magic' happened. Fake valuations on the back of fake) sweetheart deals. Afrexim and the Nigerian government overpricing the stakes bought in Geregu. This guy is notorious for these kinds of things. Dangy already did something similar with NNPC's 'investment' in his refinery.

Forget the property portfolio. Femi doesn't own any skyscrapers in Monaco.

hedonido:
I'm not convinced. There's something fishy going on with this Forbes valuation. Geregu is nowhere near sufficient to propel this guy to a $1bn net worth. Don't bother to mention the so-called FBN and Zenith Bank shares or so called property portfolio.

He can't possibly be as rich as Jim Ovia, for instance - who isn't in the list.

Keyboard analyst. Well done.

hedonido:
I'm not convinced. There's something fishy going on with this Forbes valuation. Geregu is nowhere near sufficient to propel this guy to a $1bn net worth. Don't bother to mention the so-called FBN and Zenith Bank shares or so called property portfolio.

He can't possibly be as rich as Jim Ovia, for instance - who isn't in the list.

You can start your own rating. You seat down at comfort of your tiny room disproving work of a well known organisation in the world. Do you know Jim Ovia wealth or you think he's sole owner of Zenith Bank.

All these billionaires be making noise upandan with their small change.

We wey be Trillionaires sef no dey shout...na coded doingzz and we know ourselves, we need no validation from any Forbes rubbish!

hedonido:
I'm not convinced. There's something fishy going on with this Forbes valuation. Geregu is nowhere near sufficient to propel this guy to a $1bn net worth. Don't bother to mention the so-called FBN and Zenith Bank shares or so called property portfolio.

He can't possibly be as rich as Jim Ovia, for instance - who isn't in the list.

Haha. Please send your concerns to Forbes.


The Gergu networth alone is around 800m dollars

Largest individual shareholder in First Bank

Owns about 5% shares in Zenith

Has an impressive real estate portfolio abroad with investment in different financial assets that can be tracked and verified

dey play

buharibanjo:
Make this man no overtake me o

hedonido:
This is where the 'magic' happened. Fake valuations on the back of fake) sweetheart deals. Afrexim and the Nigerian government overpricing the stakes bought in Geregu. This guy is notorious for these kinds of things. Dangy already did something similar with NNPC's 'investment' in his refinery.

Forget the property portfolio. Femi doesn't own any skyscrapers in Monaco.

The NNPC investment in Dangote Refinery was under valued when NNPCL bought into it and forced on him. A few clauses were added to the PIA last minute mandating NNPCL to own equity stake in any private refinery with more than 50k daily production capacity.

Dangote in given the opportunity didn't want to sell to NNPC. Please don't speak about what yiu don't know.

Part of the payment was to be made in crude. The first tranche is what we see them delivering now.

hedonido:
I don't suffer fools gladly. But just to point out that several Nigerians have far greater "quality Nigerian stock" holdings in the stock market than Femi, but they are not in the Forbes list, why? Both Tony and Jim have greater holdings in the stock market (via holding coys and subsidiaries), and Jim has a substantially greater collection of valuable real estate holdings... Not to mention a more consistent cash cow business, than Femi, so tell us another story.

Regardless, no further replies form me.

Keyboard analyst

Go and question Forbes. The same forbes does ratings for the entire globe. Bad belle people!

LegendHero:
They should subtract that 1 billion donation he gave to Lagos.

That one no from his networth of assets come nah. That one must have been from his reservoir of profits.

yusufu16:
Whats going please. The rich are getting richer. There is a secrete they know which we don't know

Dangote
BUA
Mike Adenuga
etc are all increasing there wealth even in this harsh economy

you are your problem. start by changing your mentality..you call the economy HARSH so it will be harsh for you ..change by changing your mentality and the words from your mouth. Also be a giver and an investor this year. stop thinking risk and fear , wont help you go FAR.

Robinmido:
That's good. My own dey come

u said this 10 years ago.

TimeManager:
Elumelu right now...

-kiss the truth!

Tony is 3 billion $ rich bro.

RichDad1:
Go and make your own list and put Jim above him and stop hating.

Dem like dey drag everything... Their matter is really tiring

hedonido:
I'm not convinced. There's something fishy going on with this Forbes valuation. Geregu is nowhere near sufficient to propel this guy to a $1bn net worth. Don't bother to mention the so-called FBN and Zenith Bank shares or so called property portfolio.

He can't possibly be as rich as Jim Ovia, for instance - who isn't in the list.

You don't have to be convinced, just make your own list "Hedonido Billionaire's List" and rank Jim Ovia and Arthur Eze above him 🤡

hedonido:
I'm not convinced. There's something fishy going on with this Forbes valuation. Geregu is nowhere near sufficient to propel this guy to a $1bn net worth. Don't bother to mention the so-called FBN and Zenith Bank shares or so called property portfolio.

He can't possibly be as rich as Jim Ovia, for instance - who isn't in the list.

Someone said you sit comfortably in your tiny pace-me-I-face room to discredit a well-established organization. Femi, not a banker or stockbroker to influence anything here and I think he is worth way more than that. You just for your ulterior motive trying to sneak in the Upper Iweka road Igbo Petty-kiosk-phantom billionaires into the Forbes list . Nice try but we got you in reverend Al Sharpton’s voice. I don’t expect you to respect Femi Otedola because you don’t have the personality like that in your family.

hedonido:
I'm not convinced. There's something fishy going on with this Forbes valuation. Geregu is nowhere near sufficient to propel this guy to a $1bn net worth. Don't bother to mention the so-called FBN and Zenith Bank shares or so called property portfolio.

He can't possibly be as rich as Jim Ovia, for instance - who isn't in the list.

U might be right but I hope U know Geregu is undervalued

I doubt his billionaire status shack shim anymore. He has faced bankruptcy and back

LegendHero:
They should subtract that 1 billion donation he gave to Lagos.

That's like $1m

LegendHero:
Source: https://nairametrics.com/2024/01/11/femi-otedola-worth-1-2-billion-rejoins-forbes-billionaire-list-as-nigeria-4th-richest/

That's the work of politics bro, Tinubu is in power

You know well😄

Ashawoman82:
u said this 10 years ago.

hedonido:
I don't suffer fools gladly. But just to point out that several Nigerians have far greater "quality Nigerian stock" holdings in the stock market than Femi, but they are not in the Forbes list, why? Both Tony and Jim have greater holdings in the stock market (via holding coys and subsidiaries), and Jim has a substantially greater collection of valuable real estate holdings... Not to mention a more consistent cash cow business, than Femi, so tell us another story.

Regardless, no further replies form me.

Ignoramus!

I guess the NSE is rigging too. You will soon trend #AllEyesOnTheNSE

Olodo. Chest beater.

Real billionaires you don’t see them in party spraying 1m they dash state in billions

LegendHero:
They should subtract that 1 billion donation he gave to Lagos.

dey play. wetin be 1 billion naira for inside 1billion dollar

That billion was in naira now

LegendHero:
They should subtract that 1 billion donation he gave to Lagos.

HRHQueenPhil:
you are your problem. start by changing your mentality..you call the economy HARSH so it will be harsh for you ..change by changing your mentality and the words from your mouth. Also be a giver and an investor this year. stop thinking risk and fear , wont help you go FAR.

God bless you Sir

Ashawoman82:
Tony is 3 billion $ rich bro.

Not exactly

LyfeJennings:
U might be right but I hope U know Geregu is undervalued

Please off the mic. Don't tell the keyboard analysts on NL know the secret. Allow them to continue with the analysis while boys keeping stacking cheddar steady on the NGX

only chicken CHANGE

hedonido:
I'm not convinced. There's something fishy going on with this Forbes valuation. Geregu is nowhere near sufficient to propel this guy to a $1bn net worth. Don't bother to mention the so-called FBN and Zenith Bank shares or so called property portfolio.

He can't possibly be as rich as Jim Ovia, for instance - who isn't in the list.

Jim Ovia has never been on the list. In fact, Elumelu has greater chances appearing on the list before Jim. But it's funny how you are so authoritative than a magazine that ranks wealthy people for a living.