The jet-setting Nigerian serial entrepreneur made his first millions as a
liquor entrepreneur while living in China. In 2004, at age 22, he founded
Solidarnosc Asia, a Chinese alcoholic beverage company that made Solid
XS, a premium brand of vodka.
Solid XS went on to achieve over 50% market share
in China and was distributed across over 30 cities in
China, and pulled in $20 million in annual revenue.
Delano subsequently sold the company to a rival liquor company for over
$15 million and ploughed his funds into his next venture- The Delano
Reid Group, a real estate investment holding company focused on
mainland China. Today, Delano is the co-founder and Chief Executive
Officer of Bakrie Delano Africa(BDA) – a $1 billion joint venture with
the $15 billion (market cap) Bakrie Group of Indonesia. Bakrie Delano
Africa serves as the investment partner of the Bakrie Group in Nigeria.
The Indonesian conglomerate has provided over $900 million worth of
funds to invest in Nigeria and Bakrie Delano Africa is responsible for
identifying investment opportunities in mining, agriculture and oil & gas
and executing them.
Source: Bella Naija
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