Fela Durotoye is a popular figure among Nigerian youths and he is also called Mr Nigeria. He is a motivational speaker, business strategist, and project initiator. Fela is the president of the GEMSTONE Nation Builders Foundation, a non-profit, non-governmental organization aimed at training youths towards transformational leadership and social change. What is Fela Durotoye net worth and how did he make his money? Answers to these questions will be provided in this article.
- Nationality: Nigeria
- Date of Birth: May 12, 1971
- Occupation: Entrepreneur, Motivational Speaker
- Net Worth: $1.7Million
His full names are Adetokunbo Olufela Durotoye and was born in Ibadan, the capital of Oyo State, to Layiwola and Adeline Durotoye. Both parents are professors at the ancient University of Ibadan.
His parent moved from the University of Ibadan to continue teaching at Obafemi Awolowo Univesity in the ancient city of Ile-Ife, Osun State, Nigeria.
At a very young age, Fela Durotoye was enrolled in Staff Children’s School between (1974-1981). He also attended Moremi High School, a government run secondary school within the campus of Obafemi Awolowo University (previously University of Ife), Ile-Ife, Osun State, Nigeria.
He is a Master’s degree holder in Business Administration (M.B.A) from Obafemi Awolowo University. Fela also has a Bachelor of Science Degree in Computer Science with Economics, Masters degree in Business Administration (M.B.A) and Master of Philosophy Degree (M.Phil) in Strategic Management all from the same University.
He is also a graduate of the Kennedy School of Government at the prestigious Harvard University (USA).
Fela is married to Tara Durotoye, the famous makeup artist and the woman behind House Of Tara. They are both blessed with three boys, Mobolurin, Demilade & Morolaoluwa.
His Business Interests
Fela Durotoye founded VIP Consulting Limited in 2000 after previously working for Ventures and Trusts and also Philip Consulting in 1998. Some of his clients includes FirstBank, Zenith Bank, Oando, Airtel, MTN, Etisalat, Procter and Gamble, Unilevers and Standard Chartered Bank just to mention a few.
Some Of Fela’s Numerous Projects
Eden is a Christian Lifestyle + Entertainment Ministry set out to facilitate a vibrant Christian lifestyle established by Fela Durotoye on 30th September, 2000 at Obafemi Awolowo University, Ife. Presently, Eden is fully operational in some other institutions of higher learning in Nigeria which includes University of Ibadan, University of Port-Harcourt, Ladoke Akintola University of Technology, Olabisi Onabanjo University, University of Benin, the University of Lagos, e.t.c.
VISIBLE IMPACT is a social enterprise set up to tackle social and environmental challenges and limitations with the aim to build people into super-achievers and responsible leaders. It is also aimed at building corporate organizations into global market leaders and responsible corporate citizens, as well as assist governments in developing blueprints and programs that create a desirable environment for their people to do great things.
A budding business conglomerate, Visible Impact is divided into 5 groups:
- Project Management
- Investment Holding
RAISE is an acronym for Revive Academic excellence In Schools & Educational institutions.
In November 2006, Project RAISE was unveiled to the Nigerian media.
Using Fela Durotoye’s book, ‘The 17 Secrets of High Flying Students’ as a tool that delivers to students, principles that make them super achievers, while the entire RAISE plan guarantees an educational system that is believed will make Nigeria the worlds’ center for academic excellence by December 31, 2025.
The project received the endorsement of the Honorable Minister for Education, now World Bank Vice President, Mrs. Obiageli Ezekwesili.
GEMSTONE is an acronym for a Generation that is Empowered, Motivated & Stirred To Operate with Natural Excellence.
Over time, Fela received a structured model for building a Generation that will be Empowered, Motivated & Stirred To Operate with Natural Excellence (GEMSTONE).
Thus, GEMSTONE is a structured model that can be replicated in any other African country. Upon the implementation of the GEMSTONE model & platform by African nations, Africa is poised to become the world’s most desirable continent to live in.
The YES project is aimed at facilitating Youth Economic Summits nationwide and raising a generation of global-minded entrepreneurs from the shores of our nation
True Nigerian Project
The True Nigerian project is aimed at infusing our nation with 10 PATRIOTIC values
Fela Durotoye shocked most Nigerians when he declared that he will be running for President in 2019.
Durotoye also revealed that he will be joining a political party – Alliance for a New Nigeria (ANN) to enable him achieve his ambition.
Fela Durotoye Net worth according to our calculations is $1.7Million