Adebayo Ogunlesi and His Impressive Portfolio

[Davidvictorson]

I have checked this board to see if there is a thread about the Nigerian who's story blew up the internet some days ago and I found none. I think it would be pretty interesting to have a little conversation about this Nigerian.

Here is the news

Adebayo Ogunlesi’s Global Infrastructure Partners (GIP) has been sold to American institutional investment company, BlackRock Inc. for $12.5 billion. The deal is expected to be finalized in Q3 2024, and it involves a payment of $3 billion in cash and approximately 12 million shares. The shares are valued at around $9.5 billion based on January 11 closing prices. Adebayo Ogunlesi is the Chairman and CEO of Global Infrastructure Partners, which is a global leading infrastructure funds manager. The company manages a portfolio worth about $100 billion, and companies in its equity portfolio generate a combined annual revenue of $80 billion. The company’s portfolio features Gatwick Airport, London City Airport, Port of Brisbane, Port of Melbourne, Sydney Airport, and Ruby Pipeline (680-mile gas pipeline in the US), among others. According to Bloomberg, the deal between GIP and BlackRock Inc. is BlackRock’s largest deal since its acquisition of Barclays Global Investors in 2009, even as the company seeks to establish itself as a key player in the fast-growing market for private and alternative assets.
https://nairametrics.com/2024/01/12/adebayo-ogunlesis-gip-sold-to-blackrock-for-12-5-billion/

On one hand, I am thinking with my non-business sense that BlackRock did this to have more money to buy Bitcoin for their ETFs. I may be wrong but they need money more than ever before to be able to control the bulk of the coins.

Secondly, the portfolio of Mr Adebayo Ogunlesi is so impressive that I ask myself, if this man were in Nigeria would have have achieved this level of success and wealth in the finance sector as has done now?

Lastly, are there other Nigerians that you have heard or read of who are doing impressive stuff but are very much on the low? Please share them with me lemme look them up.

[BIT-BENDER]

I don't think their is any link between the purchase of Adebayo Ogunlesi company by BlackRock to ETF or Bitcoin, and mind you Adebayo Ogunlesi did not just blow up this man has been a hustler for a very long time and the popular BurnaBoy has put his name into his lyrics.
One of the thing that caught my attention and gave my respect to Adebayo Ogunlesi is the fact that he did not take the money whole in cash, he took $3billon which is a huge money and the rest in share to me that's a very smart move because the share is definitely going to rise still keeping him earning from the company.

[Davidvictorson]

One of the thing that caught my attention and gave my respect to Adebayo Ogunlesi is the fact that he did not take the money whole in cash, he took $3billon which is a huge money and the rest in share to me that's a very smart move because the share is definitely going to rise still keeping him earning from the company.

You may have missed the part where of the contractual agreement where he is going to join BlackRock as on of the board of directors. It is absolutely a good deal. Lemme highlight it here - "Ogunlesi is presently a member of the Board of Directors at Goldman Sachs. And with the sale of GIP, he is expected to join BlackRock’s board and global executive committee.". Isn't this impressive?

[Charles-Tim]

On one hand, I am thinking with my non-business sense that BlackRock did this to have more money to buy Bitcoin for their ETFs. I may be wrong but they need money more than ever before to be able to control the bulk of the coins.

BlackRock is not a small asset manager but the largest asset manager in the world with $9.42 trillion in assets as of June 30, 2023. It is business and BlackRock did not just bought a company but it would be for profit reason. Although, I do not see any link between acquiring Global Infrastructure Partners (GIP) and their iShares Bitcoin Trust ETF (IBIT).

[Kelward]

I de always de happy anytime wey dem de associate any Nigerian name for anything global, weda na for politics, entertainment or business, e de help to redeem our image for outside the country. E de very sad say fraud and drugs be one of the things wey dem take know Nigerians for outside the country, if you be Nigerian wey wan enter oyibo county, na special attention dem go give you pass other nationals for airport because of how some of our country people don spoil our image for abroad. So dis Adebayo Ogunlesi, matter wey de trend so go let other nationals to know say better things de also come out from Nigeria.