Billionaire businessman, Femi Otedola has splashed a whopping N249,892,350 (Two hundred and forty-nine million, eight hundred and ninety-two thousand, three hundred and fifty Naira) on three Ferrari Portofino cars for his three daughters.

His celebrity daughter, DJ Cuppy took to her Instagram page to make the revelation as she shared photos of the exotic cars.

She also wrote; “Papa took us shopping and bought ONE of EACH! #FerrariPortofino #CuppyDat.”