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.
Culled: Pulseng
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