# Femi Otedola wealth and FirstHoldCo performance

> Live situation record from CLSTR: https://clstr.news/situations/femi-otedola-wealth-and-firstholdco-performance
> Updated: 2026-10-12T18:47:58.000Z. Sources: 8. Developments: 2.

Nigerian investor Femi Otedola has seen his wealth rise to approximately $2 billion, following a significant rally in FirstHoldCo Plc, the parent company of FirstBank Nigeria. The company’s market capitalization recently surpassed the ₦7 trillion threshold, marking the first time a listed Nigerian bank has reached this milestone.

This growth in equity value follows a rapid increase in Otedola’s net worth, which was estimated at $1.3 billion in March and $1.8 billion in August. His personal investment in FirstHoldCo Plc is reported to exceed $450 million.

In connection with the company’s financial performance, a dividend policy was approved by the board in July 2026, which aims to pay out at least 60 per cent of annual profit after tax to shareholders.

## Timeline

### 2026-10-12: DJ Cuppy praises Femi Otedola’s business acumen and investments

DJ Cuppy praised her father Femi Otedola’s business intelligence, highlighting his $450 million investment in First HoldCo Plc and his focus on value creation.

3 sources. https://clstr.news/cluster/dj-cuppy-praises-femi-otedolas-business-acumen-and-investments

### 2026-09-19: Femi Otedola’s wealth reaches $2bn following FirstHoldCo rally

Femi Otedola’s wealth has risen to $2 billion following a rally in FirstHoldCo shares, placing him close to Africa’s richest individuals, Mohammed Dewji and Strive Masiyiwa.

5 sources. https://clstr.news/cluster/femi-otedolas-wealth-reaches-2bn-following-firstholdco-rally

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Cite as: Femi Otedola wealth and FirstHoldCo performance. CLSTR, https://clstr.news/situations/femi-otedola-wealth-and-firstholdco-performance