Nigerian Tycoon Gifts Daughters Ferraris Worth Sh69 Million!

Dj Cuppy Pose With Her New Ferrari

by Muthoni Kimani September 17, 2020

Nigerian oil tycoon Femi Otedola lit social media on fire after buying three Ferraris for his daughters, Dj Cuppy, Temi and Tolami. Word in the street is that a Ferrari Portofino starts from around Sh23 million, translating to Sh69 million for three rides. This came to light after Dj Cuppy shared photos of the three supercars bearing customised number plates on social media with the caption;

"Papa took us shopping and bought ONE of EACH! 💕💨 #FerrariPortofino #CuppyDat”

You might be wondering who this man who decided to shower his daughters is, Mr Otedola is an importer of fuel products and owns a stake in a power generation company. He also owns other businesses across shipping, real estate and finance. In 2015 he was listed in Forbes' Africa's 50 Richest dropped off in 2016. In 2019, Forbes estimated Otedola to be worth around Sh120 billion.

Even though Mr Otedola is considered a self-made billionaire, the family boasts of old money as his father; the late Michael Otedola was governor of Lagos state between 1992 and 1993.

In 2015 DJ Cuppy, was the official DJ during the inauguration of Nigeria's President Muhammadu Buhari.

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