How Femi Otedola Experienced One Of The Worst Days In His Life In Year 2018 After Loosing Over $1.2 Billion In A Day, Says He Had Two Options, Either To Commit Suicide Or Weather The Storm

Femi Otedola is a one-time billionaire in Africa and one of the oil moguls in Nigeria, worth over N124 billion.

In 2018, he experienced one of the worst days in his life as he lost over $1.2 billion in a day.

Due to the drop in oil price from $136 to $34, he lost $480 million. Otedola also lost $258 million to naira depreciation, $320 million to an increase in the interest rate and $160 million to the stock crash.

He said, “I had two options, either to commit suicide or to weather the storm. I decided to weather the storm. I just knew it was a phase I had to go through. You see, God prepares you for greater things and of course, experience is the best teacher, so I had to learn my lessons. I took the bitter pill”.

He weathered it well as he reclaimed his billionaire status and remained one of the affluent and reverend businessmen nationally and internationally.

Source: Spy Nigeria

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