Billionaire Femi Otedola Splashes Millions To Buy Ferrari For Each of His Daughters

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Femi Otedola, Nigerian businessman and father to popular entertainer Florence Ifeoluwa Otedola (DJ Cuppy) has spoilt his three daughters with a Ferrari Portofino each.

The billionaire who is no doubt a doting father recently went shopping for his daughters and splurged millions of naira on fast cars for them.

The 57-year old philanthropist took his three kids shopping and bought the cars.

The Ferrari’s came in different colors that seemed to suit the personalities of each daughter. Popular disk jockey DJ Cuppy’s ride came in her signature pink color and the family’s fashionista daughter Temi’s ride came in a nice brown color while Tolani’s Ferrari came in a cool blue color.

According to Edmunds, the least-expensive 2019 Ferrari Portofino is the 2019 Ferrari Portofino 2dr Convertible (3.9L 8cyl Turbo 7AM). Including destination charge, it arrives with a Manufacturer’s Suggested Retail Price (MSRP) of about $210,783.

AutoGuide gives a retail price of $215,000 for the 2020 Portofino, the most basic of the Ferrari brands.

In Naira terms the cost will be between N240 and N251 million at the official exchange rate of N387 to a dollar. In the parallel market at N465 to a dollar, it means the billionaire has spent about N300 million on the gifts to his daughters.

Cuppy earlier today flaunted the cars on Twitter in a post that read “Papa took us shopping and bought one of each! #FerrariPortofino  #CuppyDat.”

The cars came with customized plate numbers.

Papa took us shopping and bought one of each! #FerrariPortofino #CuppyDat

— #OriginalCopy (@cuppymusic) September 16, 2020

NEW CAR! #CuppyDat

— #OriginalCopy (@cuppymusic) September 16, 2020

News of the gifts has ignited a frenzy on Twitter, especially with Cuppy hinting the Ferrari may be the theme for a new song.

“Don’t say I didn’t warn you… Cuppy in a rarri! Two heartsCupcake Skrrrr skrrrr!”

Davido, in a retweet wrote: Congrats cuppy …. FireFire I will do the same for my daughters one day AMEN .. chai money good”.


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