$6.3 Billion

Wiki Biography

Born Michael Adeniyi Agbolade Ishola Adenuga Jr. on the 29th April 1953, in Ibadan, Oyo, Nigeria, Mike is best known to the world as owner of Globacom, which is Nigeria’s second largest telecom operator, and he owns stakes in the Equitorial Trust Bank, as well as being part owner of Conoil the Oil Company, all of which makes him the second richest Nigerian behind Aliko Dangote.

Have you ever wondered how rich the Mike Adenuga is, as of mid-2016? According to authoritative sources, it has been estimated that the Mike Adenuga’s net worth is as high as $10 billion, an amount earned through his successful business career which really began in 1990..

Mike Adenuga Net Worth $6.3 Billion

Mike Adenuga was raised a son of Michael Agbolage Adenuga Sr. and Juliana Oyindamola Adenuga in Ibadan, where he went to Ibadan Grammar School and then he went to America where he found a job as a taxi driver in order to fund studying at Northwestern Oklahoma State University and Pace University for a degree in Business Administration.

After finished studies, Mike returned to his home country, and started working as a trader of lace and Coca Cola. Little by little he started making profits, and invested in the oil industry and telecommunication. He made progress in the 1990s when his oil company Conoil received a license to drill in the shallow waters of Southwestern Ondo State. Since then, his career has gone only upwards, and so has his net worth. After the enormous success of his oil company, Mike founded Globacom Limited, which is a Nigerian multinational telecommunications company, which has now become Nigeria’s second-largest telecom operator, and in addition it also operates in Benin and Ghana. This has significantly increased Mike`s net worth.

Most recently, he took over the Ivorian mobile operator Comium Côte d’Ivoire for a fee of $600 million, the success of which also contributes to his net worth.

Regarding his personal life Mike has been married two times and has 8 children; his first wife was Fola Adenuga; they divorced and Mike got custody of children. His second is Joyce Titilola Adenuga with whom he has a daughter.

Mike Adenuga has won multiple awards, such as The Telecom Investor of The Decade award in 2014, and has been honored as Grand Commander of the Order of Nigeria.

However, Mike has had several problems with the law during his career, mostly for money laundering; in 2009 he was forced to leave the country and reside in London, UK until he was granted a pardon from Umaru Musa Yar`Adua regime. Also in 2016 he was accused of owing $140.5 million as his company ConOil failed to pay out debts to companies such as Total, a French oil giant, among many other; the cases are on-going.

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