Inspiring Story Of Young Nigerian Billionaire Ladi Delano
His is an inspiring story and a model to many young people.
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 theBakrie 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.
Delano is a bachelor and very single.
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