Femi Otedola loses 1.3billion in Wealth. Now worth $550m from $1.8billion in March this year
Recession in high places! Nigerian billionaire businessman Femi Otedola is no longer a billionaire in dollars. According to Forbes, he's now worth $550million following a massive drop in the stock price of his company, Forte Oil. Read the report from Forbes below... As at the close of trading on Friday October 14th, Forte Oil’s share price plunged to a one-year low of N145 ($0.44) per share, down from an all-time high of N342 ($1.1) in March this year when Forbes published its annual ranking of the world’s richest people. (more…)
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