Log in Register

Login to your account

Username *
Password *
Remember Me

Create an account

Fields marked with an asterisk (*) are required.
Name *
Username *
Password *
Verify password *
Email *
Verify email *
Tuesday, 15 September 2015 13:56

Nigeria's Youngest Billionaire Featured

Posted by 
Rate this item
My rating
(1 Vote)

Ladi Delano is a 35-year old Nigerian entrepreneur, who made his first million as a liquor entrepreneur while living in China.

In 2004, At the age of 24, 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, He is the co-founder and CEO of Bakrie Delano Africa (BDA) – a $1 billion joint venture with the Bakrie Group of Indonesia.

Thus 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.

Read 558 times

Leave your comments

Post comment as a guest

0
Comments | Add yours

Like us on Facebook

Members Login & Logout

Newsletter Subscription

Enter your email address below to subscribe to our Newsletter.