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Explore Mike Adenuga net worth, age, height, bio, birthday, wiki, and salary! Nigerian businessman, known for his ownership of the multinational telecommunications company Globacom as well as the oil exploration company Conoil. Forbes estimated his net worth at $4.3 billion in 2013. In this article, we will discover how old is Mike Adenuga? Who is Mike Adenuga dating now & how much money does Mike Adenuga have?

Mike Adenuga Biography

Mike Adenuga is one of the most popular and richest Entrepreneur who was born on April 29, 1953 in Ibadan, Oyo State, Nigeria. He was at one time the second-richest person Nigerian behind Aliko Dante.

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.

He was issued a conditional GSM licence in 1999; after it was revoked he received a second one when the government held another auction in 2003. His telecom company Globacom spread quickly and started challenging the giant MTN Group. 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.

His father is Michael Agbolade Adenuga Sr., and his mother Juliana Oyindamola Adenuga.

At the 2007 African Telecoms Awards, he was named African Entrepreneur of the Year.

Chief Michael Adeniyi Agbolade Ishola Adenuga Jr, GCON (born 29 April 1953) is a Nigerian billionaire businessman, and the third richest person in Africa. His company Globacom is Nigeria’s second-largest telecom operator, which has a presence in Ghana and Benin. He owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil (formerly Consolidated Oil Company). Forbes has estimated his net worth at $7.7 billion as of February 2020.

Mike Adenuga Net Worth

Net Worth: Mike Adenuga is a Nigerian billionaire businessman with an estimated net worth of $9.6 billion. Much of his wealth is derived from his telecom company, Globacom, which is Nigeria’s second largest telecom operator. Other key assets include stakes in the Equitorial Trust Bank fueling his vast of $9.6 billion, an impressive value compared to industry standards and similar profiles. Adenuga also owns Conoil, an oil exploration company formerly known as Consolidated Oil Company, adding to his enormous wealth.

Career and Financial Growth: Adenuga is a seasoned entrepreneur who made his first million at the age of 26 by selling lace and distributing soft drinks. His career took off in 1990 when he received a drilling license, leading to Conoil’s discovery of oil in Southwestern Ondo State. In 2003, Adenuga entered the telecom industry, acquiring a GSM license for Globacom. His significant investments, as well as his reinvestment strategy back into his business ventures, have played a pivotal role in his wealth accumulation.

Source of net worth: Most of Adenuga’s net worth can be attributed to his successful entrepreneurship in oil, banking and telecom industries. His telecom company, Globacom, stands as a significant achievement contributing largely to his wealth. Adenuga’s business in oil (Conoil) and banking (Equitorial Trust Bank) also constitute substantial parts of his income. The entrepreneur is yet to delve into any endorsements and sponsorships.

Personal Projects and Ventures: In addition to his leading roles in numerous successful businesses, Adenuga has taken on personal projects. In 2015, he made a takeover bid to acquire Ivorian mobile telecom’s operator Comium Côte d’Ivoire for $600 million.

Philanthropy: In line with many influential entrepreneurs, Adenuga has made philanthropy a core part of his life. He has donated generously to various health and educational causes throughout Nigeria and Africa though he is usually discreet about his donations and charity activities.

Recent Developments: Adenuga has lately been focused on expanding Globacom’s network capacity to meet an increase in demand. The current trends in digitalization and an increase in mobile data users could significantly impact his net worth through growing income from this venture. Furthermore, the consistent rise in oil prices may also enhance the valuation of his oil business, Conoil.

To support his education at Northwestern Oklahoma State University, Pace University, he drove taxis.

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

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

Ethnicity, religion & political views

Many peoples want to know what is Mike Adenuga ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Mike Adenuga's ethnicity is Not Known. We will update Mike Adenuga's religion & political views in this article. Please check the article again after few days.

In 2009, Adenuga was detained for money laundering by the Economic and Financial Crimes Commission. He subsequently left the country and lived in London until the Umaru Musa Yar’Adua regime granted him a pardon.

Who is Mike Adenuga Dating?

According to our records, Mike Adenuga married to Titi Joyce Adenuga. As of January 13, 2024, Mike Adenuga’s is not dating anyone.

In June 2016, it was revealed that Adenuga was being pursued for a combined debt of US$140.5 million, after his company ConOil failed to pay debts owed to, among others, the French oil giant Total. Bellbop, another company owned by Adenuga, had an interim injunction placed on it by the High Court in Lagos, after it too failed to pay the $9.4 million owed to the US oil and gas firm Baker Hughes.

Height, Weight & Body Measurements

Mike Adenuga height Not available right now. Mike weight Not Known & body measurements will update soon.

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

In 2018, he was decorated with the insignia of a Commander of the Legion of Honour by President Emmanuel Macron of France.

Facts & Trivia

Mike Ranked on the list of most popular Entrepreneur. Also ranked in the elit list of famous people born in Nigeria. Mike Adenuga celebrates birthday on April 29 of every year.

How Mike Adenuga made his money?

Adenuga, Nigeria’s second richest man, built his fortune in telecom and oil production. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 55 million subscribers. His oil exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta.

Who is the real owner of Glo?

Who is Mike Adenuga in Nigeria?

Mike Adenuga: The hands that keep giving 5 billion to the federal government to help in the fight against coronavirus in Nigeria. With MAF, Adenuga, a Grand Commander of the Order of the Niger (GCON), actively helps people out of life’s difficulties.

Is Mike Adenuga richer than Dangote?

Forbes: Dangote Remains Africa’s Richest Man as Adenuga Edges Rabiu to Third Place.

Who is the owner of UBA Nigeria?

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