Business

Akin Alabi -Biography, Net Worth And More

Akin Alabi is a Nigerian business who successfully started Nairabet, a Sports betting business and built it into a multi million naira company. He is to sports betting in Nigeria what Alibaba is to comedy. This article is about his biography and other information you never knew about him.

EARLY LIFE

Akin Alabi who is the founder/CEO of Nairabet was born on the 31st of March, 1977 in the city of Ibadan, Oyo State of Nigeria to his parents, Chief and Chief Mrs. Adediran Alabi.

He began his education by attending Command children school in Ibadan, Oyo State of Nigeria and then went on to Federal Government College, in Enugu state of Nigeria. He later proceeded to Ibadan Polytechnic where he bagged his Higher National Diploma (OND) in Business Administration. In a quest to acquire more knowledge he went on to further his education and he got a Master of Science (MSc.) Degree in Marketing from the University of Liverpool in the United Kingdom.

As if that was not enough, he went further to attend Professional certificate courses in business, marketing and management at institutions across the world most notably being a certificate in Intellectual Property Strategy from Harvard University, Boston, United States of America.

HIS BUSINESS OPERATIONS AND INVESTMENTS

Akin Alabi is the founder and CEO of Nairabet which is the first legal sports betting company in Nigeria and it officially started its operations in 2009.

Prior to that, he had a forum called ‘Alabiforum.com during his 20’s where he held discussions about how to make money online in Nigeria and he equally had many other internet activities such as information marketing, PayPal, making money online and a host of other online opportunities on his forum back then.

In his quest for more business conquest , he delved into the entertainment industry and established ‘Over the top Entertainment’ record label which has the award winning ‘Skuki’ signed up to it, including ‘Shellroy’ and ‘Benjamin’ on record label as well.

He contested in 2015 for the Federal House of Representatives to represent the Egbeda/Ona-Ara federal constituency, Oyo State of Nigeria, under the People’s Democratic Party (PDP) but lost out to the candidate of the All Progressive Congress (APC). However, recent reports indicate that he may contest again in 2019.

Akin Alabi is involved in lots of philanthropy and this prompted him to establish the Akin Alabi Foundation which is a non-governmental and non profit making organization aimed at improving the lives of the common man on the street.

His foundation has successfully implemented projects like building and donating classrooms to primary schools, empowering widows financially and equally sinking of boreholes in areas of Lagos State and across where water is scarce.

In addition he sponsors a free business and career event called the ‘Youth Enterprise Conference’ which holds every year at the Eko Hotel and Suites in Victoria Island, Lagos of Nigeria.

FAMILY

Akin Alabi is married to Oluwadamilare and they are both blessed with two lovely children whose names are, Oluwalayomi and Ireoluwa Alabi

AKIN ALABI NET WORTH

His net worth is estimated at about $ 75 million dollars as result of his company Nairabet which has become hugely successful business in the country.

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