Akin Alabi is a Nigerian entrepreneur known as the founder of the first sports betting company in the country – NairaBet. Akin Alabi successfully created the platform to allow Nigerians and people from other countries bet on their favourite sports, and athletes. On this post, I’d discuss Akin Alabi net worth, biography, career, and his path to entrepreneurship.
Akin Alabi Net Worth: Biography, Profile & Age
BIRTH NAME: Otunba Akin Alabi
BIRTH DATE: 31st March, 1977
STYLE RATING: 3.0%
DISPLAY NAME: Akin Alabi
NET WORTH: $75 Million Dollars
ENDORSEMENT DEALS: None Yet
Akin Alabi Net Worth
Akin Alabi net worth is an estimated $75 million dollars. He’s the founder of NairaBet – a top sports betting company in Nigeria. The company returns a huge ROI (Return of Investment), and has generated billions of naira. Akin Alabi is officially one of the richest guys when you talk about sports betting in Nigeria.
Akin Alabi was born as Otunba Akin Alabi on the 31st of March, 1977. He was given birth to in Ibadan, Oyo state, Nigeria to Chief and Mrs Adediran Alabi. He began schooling at Command Children School in Ibadan, Oyo state. He later proceeded to Federal Government College Enugu. After rounding off secondary education, he obtained Higher National Diploma in Business Administration at the Ibadan Polytechnic.
Later on, as he started earning and making money, he furthered his education and acquired a Master’s degree in Marketing from the University of Liverpool, UK. Akin Alabi has attended lectures and taken courses in Marketing, and Management at different institutions worldwide. The multi billionaire entrepreneur studied Intellectual Property Strategy at the Harvard University, US, and now holds a degree in the course.
Akin Alabi founded NairaBet in 2009, and since then, the business has become a multi billion naira enterprise. He previously had a forum, Alabiforum.com, where he discussed money making tips online, and other services including PayPal. After the big success of NairaBet, he got known nationwide as a top earning guy in the sports betting industry.
The business, NairaBet, now generates over N3 million naira per day, and has branches and stores scattered all over the country. He signed comedian Crazeclown and Phyno as ambassadors to NairaBet for millions of Naira, and he has enough money to sign more artistes. Akin Alabi is also the owner of the record label known as Over The Top, under which Skuki, Benijamz, and Sheliroy were signed.
Akin is also the founder of a non governmental organization called the Akin Alabi Foundation. The organisation has the objective of improving the life of average Nigerians, and has successfully implemented certain projects to fulfill this goal. The foundation also organizes the Youth Enterprise Conference organized at Eko Hotel & Suites in Lagos state, Nigeria. The conference is a free business conference hosted to train and retrain interested Nigerian youths.
In 2015, Akin Alabi made a political move to contest for a seat at the House of Representatives. Unfortunately, he lost the contest. Again, he took interest in representing the Egbeda/ Ona-Ara Federal constituency under the PDP (People’s Democratic Party) political umbrella. He contested, but lost again to his APC (All Progressives Congress) opponent.
Akin Alabi is happily married to his wife, Oluwadamilare. The union is blessed currently with two wonderful children. They are Oluwalayomi and Ireoluwa Alabi.
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