Mike Adenuga’s profile picture

Mike Adenuga

Mike Adenuga’s profile picture
Net worth 2018: $5.38 Billion
Industry: Diversified
Residence: Lagos, Nigeria
Country: Nigeria
BirthDay: 29 April 1953
Sigh: Taurus
Children: 7
Education: Master of Business Administration, Pace University, New York
BIOGRAPHY

Mike Adenuga was bornon 29 April 1953 in Lagos, Nigeria, Nigeria. Mike Adenuga is #373 in List Billionaires People In The World. Adenuga, Nigeria's second richest man, built his fortune in telecom and oil production. His mobile phone network, Globacom, is the second largest operator in Nigeria, with 37 million subscribers. His oil exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. He made his first million at age 26 selling lace and distributing soft drinks.

NET WORTH STATISTIC
2011

$2 Billion

2012

$4.3 Billion

2013

$4.7 Billion

2014

$4.6 Billion

2015

$4.2 Billion

2016

$10 Billion

2017

$5.8 Billion

2018

$5.38 Billion

TIMELINE
2017

8 billion as of 2017, which makes him the second-wealthiest Nigerian behind Aliko Dangote, with a net worth of $14

2016

In June 2016, it was revealed that Adenuga was being pursued for a combined debt of US$140

2015

In May 2015, Adenuga made a takeover bid to purchase Ivorian mobile telecom's operator Comium Côte d'Ivoire for $600 million

2012

In 2012, he was made Grand Commander of the Order of Niger by the government of Nigeria

2009

In 2009, Adenuga was detained for money laundering by the Economic and Financial Crimes Commission

2008

It launched services in Benin in 2008, and has continued its spread across Ghana and Côte d'Ivoire, with more licences currently being prospected in other West African countries

2007

He was named African Entrepreneur of The Year at the first African Telecoms Awards (ATA) in August 2007

1999

He was issued a conditional GSM licence in 1999; after it was revoked he received a second one when the government held another auction in 2003

1990

In 1990, he received a drilling license and in 1991, his Consolidated Oil struck oil in the shallow waters of Southwestern Ondo State, the first indigenous oil company to do so in commercial quantity

1953

Michael Adeniyi Agbolade Ishola Adenuga Jr (born 29 April 1953) is a Nigerian billionaire businessman, and the second-richest person in Nigeria

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