Rank #606
Mike Adenuga
Net worth $6.6B
Telecom, oil · Nigeria
- Born
- Apr 29, 1953
- Age
- 73
- Source
- Telecom, oil
- Residence
- Lagos
- Citizenship
- Nigeria
- Marital status
- Married
- Children
- 7
- Education
- Master of Business Administration, Pace University
Net worth over time
Biography
- Mike Adenuga 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.
Financial assets
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