Adebayo “Bayo” Ogunlesi is a Nigerian lawyer and banker born on December 20, 1953. He leads Global Infrastructure Partners, a big investment company. Before this, he had a high-ranking job at Credit Suisse First Boston bank.
Bayo was born in Makun, Sagamu, Ogun State, Nigeria. His dad, Theophilus O. Ogunlesi, was the first Nigerian medicine professor at the University of Ibadan. Bayo’s family is Yoruba.
He studied at King’s College in Lagos, Nigeria, then went to Oxford University in England, getting top grades in philosophy, politics, and economics. In 1979, he finished two degrees at Harvard – law and business. He was also part of the Harvard Law Review at that time.
How has Ogunlesi’s net worth surged to $2.3 billion? Delve into the intriguing journey of Adebayo Ogunlesi, uncovering the factors that led to his remarkable wealth accumulation. From his early career to his strategic investments, we’ll explore the key drivers behind this impressive financial milestone.
Ogunlesi Net Worth
Adebayo Ogunlesi, who started the company Global Infrastructure Partners, is going to become a lot richer – his wealth will increase to about $2.3 billion as of January 2024. This big change is happening because a deal is being made with another company called Blackrock. Blackrock has decided to buy Global Infrastructure Partners for $12.5 billion.
A news report from Bloomberg mentioned that once this deal is done, Ogunlesi will be officially considered a billionaire. He owns 17.5% of Global Infrastructure Partners, and that’s why his total wealth is estimated to be around $2.3 billion.
Meet Adebayo Ogunlesi a Nigerian billionaire. He founded GIP and manages about $100 Billion in Assets with Larry Fink, the co-founder CEO of BlackRock, a company that manages $10 Trillion in Assets.
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— Nigeria Stories (@NigeriaStories) January 13, 2024
Just recently, Blackrock announced that they are going forward with buying Ogunlesi’s company. After they finish this deal, they’re planning to make Ogunlesi a member of their board during their next board meeting.
Ogunlesi Net Salary
Adebayo Ogunlesi is the Lead Independent Director at Goldman Sachs and earns $600,257. However, there are 12 executives at Goldman Sachs who earn more, with David Solomon being the highest earner at $24,657,700.
Game-Changing BlackRock-GIP Deal
In simple terms, BlackRock acquiring GIP is a big deal for both parties. Aliko Ogunlesi, who led GIP, helped them invest in different things like transportation, natural resources, and power generation. From buying London City Airport in 2006 to raising money successfully, GIP has done really well.
As part of the deal, BlackRock wants Ogunlesi on their Board because they value his leadership. Ogunlesi and the GIP team will continue to lead the new combined company, using their skills to make investments work.
This deal makes Ogunlesi a billionaire and makes GIP even stronger in the world of infrastructure. It’s a big deal!
Ogunlesi Career and Professional Life
Between 1980 and 1981, Adebayo Ogunlesi worked as a law clerk for Justice Thurgood Marshall at the U.S. Supreme Court. He then joined a New York law firm, Cravath, Swaine & Moore. In 1983, he moved to the investment bank First Boston, focusing on a Nigerian gas project and later leading their Global Energy Group. By 2002, Ogunlesi became the Global Head of Investment Banking at Credit Suisse First Boston.
In 2006, he founded Global Infrastructure Partners (GIP), a private equity firm backed by Credit Suisse and General Electric. GIP bought several airports, including London City Airport and London Gatwick Airport, earning Ogunlesi the nickname “The Man Who Bought Gatwick Airport” in Nigeria. GIP also acquired Edinburgh Airport and Nuovo Trasporto Viaggiatori.
In 2024, BlackRock purchased GIP for about $12.5 billion, with Ogunlesi and other key partners joining BlackRock as part of the deal.
Ogunlesi Awards and Honors
In 2019, Ogunlesi received The International Center in New York’s Award of Excellence and was recognized as one of the Top 100 most influential Africans by New African magazine.
Who is Ogunlesi Wife?
Ogunlesi got married to Dr. Amelia Quist-Ogunlesi, a British optometrist, in 1985. They have two children together. In Burna Boy’s song “Wonderful,” he praises Adebayo for his dedication and hard work.
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