- Adebayo Ogunlesi, CEO of GIP, has joined Nigeria's ranks of billionaires with a net worth of $1.7 billion.
- A recent $12.5 billion deal with BlackRock significantly contributed to Ogunlesi's wealth increase.
- Nigeria now ties with Egypt for the second-highest number of billionaires in Africa, following South Africa.
Adebayo Ogunlesi, renowned for his work ethic and transformative impact in infrastructure management, has solidified his position as one of the worlds wealthiest individuals, with his net worth surging to $1.7 billion.
This milestone secures his spot as Nigerias fifth billionaire and further bolsters Africas growing roster of high-net-worth individuals.
Forbes ' latest valuation confirms a shift just eight months after Bloomberg reported Ogunlesis rise among Africas billionaires. Bloomberg had estimated his wealth at $2.3 billion following a monumental $12.5 billion deal with BlackRock , Inc., the worlds largest asset manager.
Ogunlesi, 70, is the chairman, CEO, and co-founder of Global Infrastructure Partners (GIP), a New York-based infrastructure investment firm. His current standing places him among the worlds top 2,000 wealthiest individuals, ranking 1,945th.
GIP's mega-deal with BlackRock boosts Adebayo Ogunlesi's fortuneThe surge in Ogunlesis wealth is closely tied to GIPs billion-dollar deal with BlackRock, finalized in Jan. 2024 . This strategic alliance, valued at $12.5 billion, is set to establish a leading multi-asset class infrastructure investment platform.
