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Billionaire splashes out on matching £165k Ferraris for his three daughters

2 min read

Oil billionaire Femi Otedola has shown he’s not the kind of man to hoard his cash.

He splashed out on three matching £165,000 Ferrari Portofino supercars – one for each of his three daughters.

His delighted daughter Florence Ifeoluwa Otedola, better known to music fans as DJ Cuppy, showed off the trio of motors on her Instagram page.

Cuppy, 27, shared images of the sisters with their brand new Ferraris with her 6 million followers.

She received a pink Portofino with a personalised CUP 9Y numberplate, and her sisters Elizabeth Temi and Tolani Otedola got a bronze and a blue one respectively.

Tolani, Otedola's oldest daughter, is a singer.

While Temi, the youngest, is a style blogger and aspiring fashion designer.

Otedola is the founder of Zenon Petroleum and Gas Ltd and the owner of a number of other businesses.

He has a net worth of around $1.85 billion (£1.43 billion) according to latest figures.

That makes him that 1,011th richest person on Earth.

Otedola’s generosity isn’t limited to his family.

In 2019 he donated a total sum of 5 Billion Naira (about £10 million) to the Cuppy Save Children Foundation, a scheme founded by his middle daughter which tries to help secure a better future for poor and homeless children in Nigeria.

One social media user, commenting on the Instagram post showing off Cuppy’s Ferrari, said: “The impressive thing about Otedola and his kids for me isn’t the gifts he gets for them, anyone with money can do that, it is the fact that he is ever present with them and their interests and that’s where most fathers (with money) fall short.”

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