Nigerian business owners Jason Njoku and Ladi Delano on Forbes young African Millionaires list
Two Nigerians, Jason Njoku and Ladi Delano have been named as one of Ten Young African Millionaires To Watch by influential business magazine Forbes.
Published yesterday, the list it consists of a handful of Africans in their 20s and 30s who have built businesses and amassed million-dollar fortunes.
So who exactly are the two Nigerians on the list?
Jason Njoku is 31 year old founder and CEO of Iroko TV dubbed the ‘Netflix of Africa’ it’s the world’s largest digital distributor of African movies. The company enjoys lucrative content distribution deals with Dailymotion, iTunes, Amazon and Vimeo. Earlier this year, Iroko TV raised $8 million in venture capital from Tiger Global Management, a New York-based private equity and hedge fund. Analysts believe the company could be worth as much as $30 million. Njoku is the company’s largest individual shareholder.
Ladi Delano, the 30 year old is the co-founder and CEO of Bakrie Delano Africa, a $1 billion investment company looking to make acquisitions in Nigeria’s mining, energy and agriculture sectors. A serial entrepreneur, Delano made his first millions at the age 22 by founding Solidarnosc Asia, a Chinese alcohol company which produced Solid XS, a premium brand of vodka. He sold the company for $15 Million and used these funds for his next venture The Delano Reid Group, a real estate investment holding company focused on mainland China.
Of the remaining eight millionaires four come from South Africa and two are women.
The list in full:
Kamal Budhabatti, 36, Kenyan, CEO, Craft Silicon
Yolanda Cuba, 35, South African, Executive Director, South African Breweries
Ladi Delano, 30, Nigerian, Founder and CEO, Bakrie Delano Africa
Vinny Lingham, 33, South African, Founder, Yola Inc
Jason Njoku, 31, Nigerian, Founder & CEO Iroko TV
Mike Macharia, 36, Kenyan, Founder & CEO, Seven Seas Technologies
Mark Shuttleworth, 38, South African, Founder, Knife Capital
Justin Stanford, 28, South African, Founder & CEO, 4Di Group
Ashish Thakkar, 29, Ugandan, Co-Founder and CEO, Mara Group
Magatte Wade, 36, Senegalese, Founder, Adina World Beat Beverages & Tiossan
Words by Emerson Forde