Friday, May 15, 2015

Meet Nigeria’s Youngest Billionaire 'Ladi Delano' ,You won't Believe How he made It

We are planning an exclusive interview with him which will be featured here later in the year , but for now
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 madeSolid 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 theBakrie Groupof 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.

 
Source: Pulseng

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