Thursday, July 3, 2025
  • CONTACT US
  • PRIVACY
  • REPORT A STORY
ENTERTAINMENT — WITHIN NIGERIA
  • Home
  • Features
  • Entertainment
    • Celebrities
    • Celebrities Biography
    • E-News
    • Music
    • Nollywood
    • Opinion
    • Reality TV Shows
      • Big Brother Naija
      • Gulder Ultimate Search
  • News Picks
  • MORE
    • Gist
    • Articles
    • Videos
No Result
View All Result
ENTERTAINMENT — WITHIN NIGERIA
No Result
View All Result
  • Home
  • Features
  • Entertainment
  • News Picks
  • MORE

Another Nigerian Entrepreneur joins Dangote, Adenuga, Otedola, others on billionaire list

Ogulesi’s story is a testament to the continent’s growing clout in shaping the future of high-stakes investments and wealth creation

Samuel David by Samuel David
September 5, 2024
in E-News
Reading Time: 2 mins read
A A
0
Another Nigerian Entrepreneur joins Dangote, Adenuga, Otedola, others on billionaire list
  • For years, the ranks of Nigeria’s wealthiest individuals on the Forbes billionaire list have been ruled by household names like Aliko Dangote, Mike Adenuga, and Femi Otedola.
  • However, the landscape is shifting as a new face emerges among the elite.
  • A Nigerian entrepreneur has stormed into the billionaire club, catching the attention of the business world and piquing the curiosity of many eager to learn more about this rising titan.

Nigerian billionaire mogul Adebayo Ogulesi has further cemented his standing among the global financial elite, with Forbes recognizing his impressive net worth of $1.7 billion.

This milestone not only elevates Ogulesi as Nigeria’s fifth billionaire but also contributes to Africa’s growing roster of high-net-worth individuals making waves on the world stage.

Forbes’ latest valuation marks a pivotal shift, following Bloomberg’s earlier report just eight months ago, highlighting Ogulesi’s remarkable ascent among African billionaires.

His meteoric rise is fueled by the massive success of Global Infrastructure Partners (GIP), the private equity behemoth he co-founded. The cornerstone of this success? A blockbuster deal with BlackRock, finalized in January, which has taken the world of finance by storm.

READ ALSO:

Carter Efe, Wizkid fans face-off: How cancel culture and stanship became a thing in the music industry

Why Tyler Perry’s hit movie ‘Straw’ would hit harder with a Yoruba or Igbo cultural spin

Mike Ejeagha: The highlife maestro and ‘gwo gwo gwo’ crooner who survived the civil war and revolutionised Igbo music

The battle between Netflix and Showmax for Nigerian viewers in 2025: Who’s truly winning and why?

Valued at a staggering $12.5 billion, the BlackRock-GIP alliance has not only redefined the infrastructure investment landscape but also solidified Ogulesi’s position as a formidable force in the global financial arena.

The deal includes a hefty $3 billion cash component, along with the issuance of roughly 12 million shares of BlackRock common stock—together totaling a jaw-dropping $9.5 billion.

This strategic merger brings together a powerhouse of assets under management (AUM), exceeding $150 billion, spanning equity, debt, and innovative solution-driven investments.

With this monumental deal under his belt, Ogulesi now firmly holds the title of Nigeria’s fifth richest individual, trailing only behind industrial titans like Aliko Dangote, Abdul Samad Rabiu, and Femi Otedola.

His rise marks a new chapter not just for Nigeria, but for Africa’s burgeoning financial influence on the global stage.

RelatedPosts

Carter Efe, Wizkid fans face-off:  How cancel culture and stanship became a thing in the music industry

Carter Efe, Wizkid fans face-off: How cancel culture and stanship became a thing in the music industry

June 27, 2025
Why Tyler Perry’s hit movie ‘Straw’ would hit harder with a Yoruba or Igbo cultural spin

Why Tyler Perry’s hit movie ‘Straw’ would hit harder with a Yoruba or Igbo cultural spin

June 13, 2025

Discussion about this post

ADVERTISEMENT

LATEST

We were never that close – Doris Ogala disowns Tonto Dikeh despite earlier apology

We were never that close – Doris Ogala disowns Tonto Dikeh despite earlier apology

July 3, 2025

I can’t wait to be father – Burna Boy

July 3, 2025
How my wife died on Olaiya Igwe’s set – Veteran actor Ojopagogo

How my wife died on Olaiya Igwe’s set – Veteran actor Ojopagogo

July 3, 2025
Annie Idibia celebrates as daughter Olivia graduates, unbothered by 2Baba’s apology storm

Annie Idibia celebrates as daughter Olivia graduates, unbothered by 2Baba’s apology storm

July 3, 2025
Men are raised to suffer in silence – AY Comedian defends 2Baba’s apology amid criticism

Men are raised to suffer in silence – AY Comedian defends 2Baba’s apology amid criticism

July 3, 2025
Why is he smiling like that – VDM and Yvonne Jegede’s cozy club video sparks reactions

Why is he smiling like that – VDM and Yvonne Jegede’s cozy club video sparks reactions

July 3, 2025
Load More
ENTERTAINMENT — WITHIN NIGERIA

WITHIN NIGERIA MEDIA LTD.

NEWS, MULTI MEDIA

WITHIN NIGERIA is an online news media that focuses on authoritative reports, investigations and major headlines that springs from National issues, Politics, Metro, Entertainment; and Articles.

Follow us on social media:

CORPORATE LINKS

  • About
  • Contacts
  • Report a story
  • Advertisement
  • Content Policy
  • Privacy Policy
  • Terms
 
  • Fact-Checking Policy
  • Ethics Policy
  • Corrections Policy
  • CONTACT US
  • PRIVACY
  • REPORT A STORY

© 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName

No Result
View All Result
  • Home
  • Features
  • Entertainment
    • Celebrities
    • Celebrities Biography
    • E-News
    • Music
    • Nollywood
    • Opinion
    • Reality TV Shows
      • Big Brother Naija
      • Gulder Ultimate Search
  • News Picks
  • MORE
    • Gist
    • Articles
    • Videos

© 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName