Ladi Delano

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Ladi Delano is a Nigerian entrepreneur who made his first millions selling liquor 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. The company later expanded with the launching of a dining and entertainment venue, The Collection.

Solid XS went on to achieve about 70% market share in China and was distributed across over 33 cities in China, with revenue of over $22 million annually. After some time, with the global economic downturn, Solid XS was sold to a rival liquor company for about $20 million.

Prior to selling Solid XS, Delano had set up a real estate investment company focused on mainland China called Delano Reid Group. The company went on to raise over $80 million for real estate investments in mainland China profiting from China’s real estate economic boom.

Delano is also a founding partner in DRG CIN Energy and Global DRG Capital, providers of global energy solutions.

In December 2011, Delano shifted focus from the Asia economic boom to establish his latest venture, Bakrie Delano Africa (BDA) in Africa.

Delano partnered with Indonesia conglomerate, the Bakrie Group under a joint venture partnership. His company partnership with Bakrie Group was created to facilitate the expansion of the South East Asia’s conglomerate in Africa. Through the joint venture, the Bakrie Group would invest about $1 billion over five years in Bakrie Delano Africa (BDA) in areas as diverse as mining, oil, gas and agriculture.

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