Nigerian businessman and petroleum economist, Hakeem Belo-Osagie has a net worth of $450 million as of November 2011, according to FORBES rich list. The Harvard-trained is chairman of the Nigerian operations of United Arab Emirates-based telecom provider Etisalat. Through his holding companies, Premium Telecommunications Holdings and MyaCynth, he commands a 12.5% stake in Etisalat Nigeria.
Hakeem Belo-Osagie Net Worth $450 Million
After graduating from Oxford with an M.A. and Harvard with awith an MBA in the early 80s, Belo Osagie returned to Nigeria where he worked briefly with the Nigerian government, serving as a special helper to the Nigerian Minister of Petroleum and Energy. In 1992, he founded First Securities Discounts House Limited, an immensely successful boutique securities trading outfit that initiated large scale trading activities in treasury bills, commercial paper and banker acceptances in Nigeria. Six years later, in 1998, he made history in Nigeria’s corporate groups when he became the first Nigerian to stage a hostile takeover.
The Nigerian government was selling off its controlling stake in the United Bank for Africa- a large, floundering commercial bank in Lagos. Belo Osagie got the bank despite intense resistance from your lender ‘s senior management and trade unions. Using his ill-famed lean management style, he pushed the bank to profitability before it for a gain to some consortium of investors headed by Nigerian banker, Tony Elumelu. A dedicated philanthropist, he’s among the largest donors to the African Leadership Academy, a residential secondary institution in Johannesburg, South Africa, which trains Africa’s most brilliant pupils for a future of direction.