Mike Adenuga Net Worth

Mike Adenuga Net Worth: Biography, Profile & Age
Mike Adenuga Net Worth: Biography, Profile & Age


Mike Adenuga is a Nigerian businessman and entrepreneur with stakes in Conoil and Equitorial Trust Bank. He’s the owner of second largest telecommunications network in Nigeria – Globacom. Mike Adenuga is one of the richest men in Nigeria and Africa, known often to be the second richest in Nigeria, and the third officially richest man in Africa. This post is about the net worth and biography of Mike Adenuga, his biography, and career.

Michael Adenuga Net Worth: Biography, Profile & Age

BIRTH NAME: Michael Adeniyi Agbolade Ishola Adenuga Jr
CAREER: Entrepreneur & Businessman
BIRTH DATE: 29th April, 1953
DISPLAY NAME: Mike Adenuga
NET WORTH: $4.5 Billion Dollars

Mike Adenuga Net Worth

Mike Adenuga has an estimated net worth of $4.5 billion dollars (July 2018 update). He’s the second richest man in Nigeria officially, but there are men occupying the list of richest people in Nigeria – men richer than Mike Adenuga and Dangote combined. Officially, based on his known sources of wealth, he’s the third richest man in Africa, and second in Nigeria.

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Mike Adenuga is the owner of Globacom – a trillion naira worth telecommunications network provider based in Nigeria, which operates also in Ghana and Republic of Benin. He also has large stakes in Conoil, and Equitorial Trust Bank. He’s not into politics, but is as influential as several top politicians in Nigeria. Dr. Mike Adenuga also operates other businesses and has properties worth billions of naira in his name.

Mike Adenuga was birthed as Michael Adeniyi Ishola Adenuga on the 29th of April, 1953. He was born in Ibadan, Oyo state to Chief Mike Adenuga Snr, and Madam Oyindamola Adenuga. His Dad worked as a school and his mother was a trader in Ibadan.

Growing up, he schooled at Ibadan Grammar School, and obtained his higher school certificate at the Comprehensive High School, Aiyetoro. He then travelled to the United States where he studied Business Administration at the Northwestern State University, Alva Oklahoma.

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He graduated successfully from the University and further obtained a Master’s degree in Business Administration from the Pace University, New York. Dr. Michael Adenuga was honoured with a doctorate degree by the Ogun State University for his outstanding contributions to business. In 2012, he was officially appointed by the Federal Government of Nigeria as a Grand Commander of the Order of Nigeria (GCON).

Mike Adenuga got the license to drill in 1990. In 1991, his company, Conoil (Consolidated Oil), discovered oil in large quantity in Ondo state, Nigeria. In 1999, he was issued a GSM licence which was later revoked. In 2003, the Federal Government of Nigeria organized an auction which ended with Mike Adenuga being granted a second GSM licence.

His telecommunications company, Globacom became patronized more speedily, giving South African telecommunications company MTN a run for their money in Nigeria. The company, Globacom, also began operating in Neighbouring countries including Benin and Ghana.

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In 2009, he was detained for money laundering by the EFCC (Economic and Financial Crimes Commission). He moved out of Nigeria to settle in London for some time before pardon was granted him by the Yar’Adua government. In May 2015, Mike Adenuga pledged a bid to purchase Comium Côte d’Ivoire, a telecommunications company operating in Côte d’Ivoire, for the sum of $600 million dollars.

The Nigerian billionaire is married currently to Titi Joyce Adenuga. He has 7 children from different marriages and his children are Abimbola Beenu, Brlinda Olubunmi Ajoke, Ms. Adetutu Oyindamola Emilia, Eniola, Adeniyi, Folashade, Tunde Abolade, and Prince Michael Babajide.

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