Meet Ladi Delano, The Youngest Billionaire In Nigeria

Date: 11-05-2015 11:15 am (8 years ago) | Author: kaygee
- at 11-05-2015 11:15 AM (8 years ago)
(m)

Ladi Delano is a 35-year old Nigerian serial entrepreneur who made his first million as a liquor entrepreneur while living in China.
At the age of 24, in 2004, he founded Solidarnosc Asia, a Chinese alcoholic beverage company that made Solid XS, a premium brand of vodka. Solid XS eventually had a 50% market share and went on to become a mainstream liqour brand and was being distributed in over 30 cities, pulling in $20 million in annual revenue.
Delano then sold the company to a rival liquor company for over $15 million and put his funds into his next venture – a real estate investment holding company with a focus in mainland China.
Today, Delano is the co-founder and CEO of Bakrie Delano Africa (BDA) – a $1 billion joint venture with the Bakrie Group of Indonesia. Bakrie Delano Africa stands as the Bakrie Groups’ investment partner in Nigeria.
So far, the Indonesian Conglomerate has provided over $900 million worth of funding for investment in Nigeria and Bakrie Delano Africa identifies opportunities for investment in mining, agriculture, oil & gas, and executes the investment processes.
He was on Forbes’ list of the youngest millionaires to watch in Africa in 2012 and is the youngest Nigerian billionaire.


Posted: at 11-05-2015 11:15 AM (8 years ago) | Gistmaniac
- mcdaves at 12-05-2015 04:14 AM (8 years ago)
(m)
@alexjay who told u its from genuine business he made the money?
Posted: at 12-05-2015 04:14 AM (8 years ago) | Newbie
Reply

fire TRENDING GISTS fire

TODAY'S TOP
  1. Watch Moment Students Arrive For Prom In Helicopter And Expensive Cars

  2. Toyin Lawani Writes Open Letter To Asake Over New Hairstyle

  3. VIDEO: Skitmaker, Erekere Shows Off His Newly Acquired Benz GLE

  4. How British Charity Employed Nigerian Man, Peter Omoruy Convicted For Sex Trafficking In France

  5. Nigerian Govt Cuts Electricity Supplies To Benin Republic, Togo, Niger To Boost Domestic Supply

  6. Gunmen Kill One, Abduct Seven Along Sagamu-Ijebu-Ode Expressway

  7. BREAKING: Vice President Shettima Cancels Summit Trip To US Over Faulty Aircraft

  8. ‘I Appreciate Wike But I Can’t Worship Him’ – Rivers Gov, Fubara Opens Up

  9. Suspected One-Chance Armed Robber Arrested With Pistol In Suleja

  10. 'You Can Be Poor And Still Be Happier Than The So Called Rich' - World Bank Staff Says

  11. Actress, Etinosa Idemudia Calls Out BBNaija Star Over Unpaid Debt, Name Still Withheld

  12. Ekiti Court Sentences 3 Persons To Death By Hanging For Robbery

  13. Suspected Ritualists Kidnap 4 Month Old Boy In Akwa Ibom


THIS WEEK
  1. Moment Canadian Mayor Praises Tinubu For Work Done in Lagos While Honouring Peter Obi at Event

  2. Following CBN Directive, OPay, Palmpay, Others Clamps Down On Crypto

  3. Yvonne Jegede Reveals The Truth About Colleague, Mercy Johnson, While Calling Her Out (Video)

  4. Father-in-Law Of Wofai Fada, Engineer Kunle Cole Gives Reasons For Son’s Wedding Rejection

  5. Onanuga Shares A Post Alleging Peter Obi Demarkets Nigeria, Calls Him ‘Bitter Obi'

  6. Soldier, Abdullahi Ismail Dismissed From The Nigerian Army For Sleeping With Colleague’s Wife

  7. Primate Ayodele Issues Warning To Tinubu, Predicts Northern Opposition To Presidential Ambition

  8. Houseboy - Angela Okorie Fires Back At Mercy Johnson's Husband After His Post on 'Mad People'

  9. Ipswich Town Promoted to The Premier League After 22 Years

  10. Actors In Nollywood Films Used To Be Cast Based On Social Media Followers – Uzor Arukwe


TOP MEMBERS: