Mike Adenuga
$6.3B
Born
Apr 29, 1953
Age
72
Source of Wealth
Telecom, oil
Residence
Lagos,
Citizenship
Nigeria
Marital Status
Married
Children
7
Education
Master of Business Administration, Pace University
- Mike Adenuga, Nigeria's second richest person, built his fortune in telecommunications and oil production.
- His mobile phone network, Globacom, is the third-largest operator in Nigeria, with more than 17 million subscribers.
- His oil exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta.
- Globacom also built Glo-1, a 6,100-mile-long submarine Internet cable to the U.K. via Ghana and Portugal.
- Adenuga also owns 74% of publicly traded gasoline firm Conoil and just under 6% of publicly traded Nigerian bank Sterling Financial Holding.
- Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver.
- Adenuga made his first million at age 26 selling lace and distributing soft drinks.
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