Obakoolex:

Children of hate

Na bitter soul you dey call bittered soul?

Obakoolex:
No matter what the fact is, bittered soul will still wail.
It's a transferred generational curse

Please what is bittered soul?

The founding partners launched GIP in 2006, raising more than $5 billion. Within a few years they owned London’s Gatwick and City airports, as well as Edinburgh’s, and have since invested in gas pipelines, offshore wind farms, power plants and port operators.

Ogunlesi, who is chief executive officer, is calculated to have a 17.5% stake by the Bloomberg Billionaires Index and a total fortune of about $2.3 billion. An equal split of GIP’s $12.5 billion acquisition price would give the firm’s 27 other partners stakes worth more than $380 million each.

Source: Financial Post

Gamesmart:


There 6 founding partners, but there is NO CHANCE the firm became this big without institutional investors' money.

I doubt the 6 founders own up to 10% of the business. Even the founders of BlackRock that is buying them do not own more than 1% of BlackRock combined. Institutional investors own about 80% of BlackRock and all employees are given shares.

The founders of BlackRock actually have only like 0.10% to 0.30% (the highest share percentage owned by any of the founders).

So the likelihood Ogunlesi owns more than 5% of GIP is very slim to none.

Na only you sabi as this thing works. Too many idiots on this Nairaland!

maridrug:

Doesn't he worth it?

Go and buy a book called Brighter Grammar!

grandstar:


It should.

The six founding members are majority shareholders- that means they own over 50% of the firm. If 50% was shared equally between the 6, that would mean each partner holds a 8.33% stake catapulting him to billionaire status.

The partners may nor have equal shareholding. The exact shareholding would define his net worth

https://www.wsj.com/business/deals/blackrock-to-buy-global-infrastructure-partners-for-12-5-billion-22f8e3d9

That’s not how private equity works. Just shut up. Most of the money is put in by Limited partners (institutional investors such as pension funds, SWFs, etc that sit on billions of dollars). The General partner (Bayo and other partners) only put in about 1 or 2 percent. Mind you there are over thirty partners in the GP.

Bayo and the other partners will make good money but the LPs make most of the money.

If you don’t know how something works just shut the fukk up and stop sounding like an illiterate!

TimeManager:
Fantastic deal, with 12million shares valued @ $9billion, i should think he remains the largest shareholder. It couldn't have been a better deal.

-kiss the truth!

Who told you he owns 12 million shares

InvertedHammer:
/
I really detest the fact that when blacks owned companies make it to the top, they succumb to buy out by White companies.

/

GIP has only two black partners out of over 30 partners.. The investors are mainly white. How is this a black owned business? Because the Managing Partner is black? Omo people for here dull o..

Gamesmart:


GIP is NOT a black-owned company for fuuuuck sake!

Don’t mind the idiot. A fund with only two black partners…

[quote author=shine12 post=127914059][/quote]

It doesn’t work that way. There are investors called Limited Partners in Private Equity. And they invest most of the money. The partners (way more than 5) also called the General Partners may not even own up to 5% together…

Moneyyyy09:
We hope he didn't married igbo woman before our ronus brother go think sey nah the woman advice him to sell mugun people.

He’s married to a Ghanaian. Hopeless bigot like you.

lenghtinny:

Google who Professor Theophilus Ogunlesi first, then come back and delete this comment

N.B: Burna boy mentioned his name in the song Wonderful, go figure.


Proud to be a Sagamite

Burna Boy mentioning his name in a song is a very weak argument. These singers can mention anybody’s name in their song. Were they not singing about Hushpuppy?

Apatapiti:
While this is a good initiative, I feel it is better to have invested the money in improving the state of healthcare in the state.

I hope he knows that giving private cars is not enough reasons for doctors not to japa.
No be only doctors sef dey japa, other medical practitioners dey japa too, but na only doctors' we dey proclaim.

It would have been better to invest the money in healthcare: expand health centres, improve facilities, increase their salary (state-employed medical practitioners).

SUV money plenty ohh.

Na Innoson be the real winner here. If you know, you know…

jcflex:
Good one Mr Governor.

But why did he not buy Innoson, Nord, Proforce etc
instead of growing the naira and advancing our local industry

You are very dull. What brand of cars are those? Lazy Nigerian youth.

Battalion1:
Omo

Omo say wetin happen?

Wainey:
Rich people are always quiet.
They know they are at the top and doesn't need to prove it to anyone.
Na poor people deh try to impress media

Please try and learn the difference between don’t and doesn’t..

CoronaVirusPro:
I love the Adenuga family! Family not loud and always killing it secretly!

Even the children who are suppose to expose the dudes wealth are so reserved.

Its really true! Real cash doesn't make noise!

You are just talking nonsense. Have you met any of them? Ask anybody wey know them and you will be embarrassed. No be only reserved. Hiss!

LegendHero:
I’m not sure Adenuga will ever meet Dangote unless he diversify his portfolio more.

When Dangote refinery come on stream, the gap he will use to lead the second spot will be so wide.

You think he wakes up every morning thinking about how he can have more net worth than Dangote? You must be a child…

mrvitalis:

So you think NNPC sales crude? Lmaooo

Education in the South West has to be reviewed honestly

Do you even have an idea how the oil industry works?

Wetin be sales crude

Alatise777:
one cold heineken 4 this op..you get sense bruh

Do you know the meaning of OP? 😏

Whalis:
I always try to do away with this but it always builds up again.
I may not be the only one struggling with this.
Although sometimes it has come to help when I suddenly run out of soap.

Nasty 🤢 🤮 😷

Duyt1798:
Hi guys!

I hope this my post gets to the FP, so I can get insights from a wider audience; even I know some might not make sense, but one thing I've learnt from the short time I joined this platform, is that - sense dey inside nonsense.

Pardon me, my write fit dey a bit lengthy.

I currently work with a multi-national startup coy. My net pay is a bit above 400k naira (this's at the moment), I've worked for about 2 years. I'm married with two kids and expecting the third.

Now my dilemma is that, I've not been able to save up funds, I feel like my living condition doesn't reflect what I earn. Shingbai like this, I no get for account. The last I could remember, I go deep hand for forex, e nearly give me hypertension (I lost about 2m). I still dey pay debt wey I incur as a result.

Now where I need assistance is, looking at the amount I'm earning, how do I spend? Please for those that will be kind enough to give suggestions, let it practically explained, as in help me break am down to the amount wey I suppose spend, how I suppose spend am, and wetin I suppose save.

I believe say many family people dey here wey get better experiences.

Thanks 🙏.

Wjy are you married? Why you go born two kids when you no get money to care for them? You don’t even have a stable job. The start up can fail anytime and you no will be in the streets begging.

Duyt1798:
Hi guys!

I hope this my post gets to the FP, so I can get insights from a wider audience; even I know some might not make sense, but one thing I've learnt from the short time I joined this platform, is that - sense dey inside nonsense.

Pardon me, my write fit dey a bit lengthy.

I currently work with a multi-national startup coy. My net pay is a bit above 400k naira (this's at the moment), I've worked for about 2 years. I'm married with two kids and expecting the third.

Now my dilemma is that, I've not been able to save up funds, I feel like my living condition doesn't reflect what I earn. Shingbai like this, I no get for account. The last I could remember, I go deep hand for forex, e nearly give me hypertension (I lost about 2m). I still dey pay debt wey I incur as a result.

Now where I need assistance is, looking at the amount I'm earning, how do I spend? Please for those that will be kind enough to give suggestions, let it practically explained, as in help me break am down to the amount wey I suppose spend, how I suppose spend am, and wetin I suppose save.

I believe say many family people dey here wey get better experiences.

Thanks 🙏.

Show us your budget..

Ahnii:
Deenaa
Suya n fanta

Be careful. That’s all I can say…

smokinloud:

See this hopeless space booker

flexyrule:
Lol

This one say na lol. Hopeless space booker..

dominique:
Since both husband and wife have their means of livelihood centred around CMS area, they should consider getting an apartment around Obalende, Yaba/Oyingbo or even Iyana Oworo axis. They can rent out their house in Ikorodu or keep it locked and be visiting from time to time. This is the worst of times to be unemployed in this country.

Dominique you still dey around? I think say dem don sack you o

Happy new year!

freshvine:
When you guys are finally married, you'll be saying "sorry " to your wives for no reason.

You'll all understand that women are always right...anything after that is the beginning of a new argument.

And who taught you this? Your papa or your mama? 🤔

See as MTN CEO just stand there like coconut. Nobody send am