Connect with us

News

“People Think They’ll Take Their Money With Them When They Die” – Billionaire, Femi Otedola

Published

on

"People Think They'll Take Their Money With Them When They Die" - Billionaire, Femi Otedola 3

Nigerian billionaire businessman, Femi Otedola has wondered why some people think they will take their money with them when they die.

News Agency of Nigeria (NAN) recalls that on November 10, 2019,  Femi Otedola donated the sum of N5 billion to his daughter’s DJ Cuppy Foundation at the Congress Hall of the Transcorp Hilton in Abuja, which is the first single largest donation to philanthropy in Nigeria.

Speaking to the media on why he made such a huge donation to the Cuppy Foundation, Femi Otedola said his action was because people don’t take their money with them when they die.

“A lot of people think when they die, they take their money with them, we’ll see. In my journey of life, I have taken the risk, I’ve done the chase, I’ve enjoyed the thrill and I have achieved success and recognition. What next? You give it back,” he said.

KanyiDaily recalls that Femi Otedola also offered a scholarship to a little girl who was filmed singing his daughter, DJ Cuppy’s new song, Gelato.

The little girl’s performance made a lasting impression on the oil magnate that he asked his daughter to search for the little girl, announcing that he will pay her school fees from now till university level.

"Don’t Allow Anybody Drag You Into Politics" – Akpabio Tells Davido During Courtesy Visit
Celebrities2 hours ago

“Don’t Allow Anybody Drag You Into Politics” – Akpabio Tells Davido During Courtesy Visit

Spyro Reveals Why He Would Never Be In The Same Room With BBNaija Star, Nengi
Entertainment3 hours ago

Spyro Reveals Why He Would Never Be In The Same Room With BBNaija Star, Nengi

Emdee Tiamiyu Reportedly Deported Back To Nigeria By UK Government
Celebrities4 hours ago

Emdee Tiamiyu Reportedly Deported Back To Nigeria By UK Government

Liverpool Confirms Arne Slot Will Replace Jurgen Klopp As Head Coach
Sports17 hours ago

Liverpool Confirms Arne Slot Will Replace Jurgen Klopp As Head Coach

Former Labour Minister, Ajibola Afonja Is Dead
News18 hours ago

Former Labour Minister, Ajibola Afonja Is Dead

Kehinde Wiley Reacts As Joseph Awuah-Darko Accuses Him Of Sexual Assault
Celebrities18 hours ago

Kehinde Wiley Reacts As Joseph Awuah-Darko Accuses Him Of Sexual Assault

Court Rejects Nnamdi Kanu’s Fresh Bail Request, Removal From DSS Custody
News21 hours ago

Court Rejects Nnamdi Kanu’s Fresh Bail Request, Removal From DSS Custody

"If There’s More, Confess In Advance” – Bovi Advices Diddy After He Apologized For Assaulting Cassie
Entertainment22 hours ago

“If There’s More, Confess In Advance” – Bovi Advices Diddy After He Apologized For Assaulting Cassie

"I'll Retire As Young Billionaire" - BBNaija Ka3na Brags As She Sales Her Property $900 Million
Celebrities23 hours ago

“I’ll Retire As Young Billionaire” – BBNaija Ka3na Brags As She Sales Her Property $900 Million

Jaywon Slams People Who Are 'Judging' Diddy For Assaulting His Ex-Girlfriend Cassie
Entertainment24 hours ago

Jaywon Slams People Who Are ‘Judging’ Diddy For Assaulting His Ex-Girlfriend Cassie

Iran’s President Ebrahim Raisi, Foreign Minister, 7 Others Confirmed Dead In Helicopter Crash
World News1 day ago

Iran’s President Ebrahim Raisi, Foreign Minister, 7 Others Confirmed Dead In Helicopter Crash

Caroline Danjuma Addresses Oritsefemi's Claim That She Was Married To Davido’s Late Friend Tagbo
Entertainment1 day ago

Caroline Danjuma Addresses Oritsefemi’s Claim That She Was Married To Davido’s Late Friend Tagbo

“I Will Never Marry A Man Who Can’t Afford A Cook” BBNaija's Doyin David [Video]
Celebrities1 day ago

“I Will Never Marry A Man Who Can’t Afford A Cook” – BBNaija’s Doyin David [Video]

Sean ‘Diddy’ Combs Caught On Camera Beating, Kicking His Ex-Girlfriend, Cassie Ventura [Video]
Entertainment2 days ago

Sean ”Diddy” Combs apologises after horrific video of him assaulting ex girlfriend Cassie goes viral

Christian Malanga Dead as Government forces foil coup in Democratic Republic of Congo (DRC) 4
World News2 days ago

Christian Malanga Dead as Government forces foil coup in Democratic Republic of Congo (DRC)

“I've Collected My Glory Back” – Portable Jubilates As His Former Manager, Stelliza Dies In Car Accident [Video]
Entertainment2 days ago

“I’ve Collected My Glory Back” – Portable Jubilates As His Former Manager, Stelliza Dies In Car Accident [Video]

Iran President Ebrahim Raisi Feared Dead as helicopter crashes and is yet to be found 5
News2 days ago

Iran President Ebrahim Raisi Feared Dead as helicopter crashes and is yet to be found

Fans Request Refund Of $50,000 Donations After Korra Obidi Travelled To Hawaii For Vacation
Celebrities2 days ago

Fans Request Refund Of $50,000 Donations After Korra Obidi Travelled To Hawaii For Vacation

I’m A Godfather To Wizkid, Davido And Burna Boy – Oritsefemi [Video]
Entertainment2 days ago

I’m A Godfather To Wizkid, Davido And Burna Boy – Oritsefemi [Video]

Oritsefemi Blames Caroline Danjuma For Making Him Marry His Ex-Wife, Nabila Fash [Video]
Entertainment2 days ago

Oritsefemi Blames Caroline Danjuma For Making Him Marry His Ex-Wife, Nabila Fash [Video]