Nigerian Billionaire Expands Empire: Acquires £23 Billion UK Shipping Port After Airport Purchase

Nigerian billionaire Adebayo Ogunlesi’s company, Global Infrastructure Partners (GIP), has made a significant move by acquiring the Panama Canal Ports for $23 billion.

This deal, involving a Hong Kong-based conglomerate, gives GIP operational control over essential ports. It will work alongside partners like TIL to manage the ports effectively.

This acquisition not only boosts Ogunlesi’s reputation but also places him in control of 43 ports across 23 countries, including crucial locations in Panama, Mexico, the Netherlands, Egypt, and Australia.

The Panama Canal is vital for global shipping, with about 70% of vessel traffic connected to U.S. ports. The United States originally constructed the canal and handed over control to Panama in 1999 following a 1977 agreement.

Ogunlesi’s net worth has now reached approximately $1.7 billion, ranking him among Nigeria’s wealthiest individuals. His firm, GIP, has grown significantly, with high-profile dealings that underline his status in the investment world.

Previously, his wealth saw a notable increase from $1.7 billion to $2.3 billion earlier this year, mainly due to strategic investments. The recent deal with BlackRock has further cemented his position in the infrastructure investment sector, which is valued at over $150 billion.

Adebayo Ogunlesi is more than just an investor; he has had a diverse career, holding significant roles in major companies like Goldman Sachs and Credit Suisse. His work at GIP has reshaped the company into one of the largest independent infrastructure managers globally, overseeing over $100 billion in assets.

As his company continues to grow and secure high-value deals, Ogunlesi is carving out a prominent place in the global investment landscape, showcasing the potential for African billionaires on the world stage.

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