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Mike Adenuga Forbes Net Worth And Biography



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Mike Adenuga Net Worth: Chief Michael Adeniyi Agbolade Ishola Adenuga Jr, GCON is a Nigerian billionaire businessman, investor who has a net worth of $7.7 billion dollars, With a net worth of $7.7 billion dollars Mike Adenuga is the third richest person in Africa.

Mike Adenuga Forbes Net Worth And Biography

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 2020.

Mike Adenuga’s Profile

  • Name: Mike Adenuga
  • Age: H is currently 67 years old
  • Nationality: Nigerian
  • Occupation: Business man, The Founder and CEO @Globacom
  • Position In The World: 287 richest man on earth as of 2021
  • Position In Africa: Third Richest Man In Africa
  • Position In Nigeria: second richest man Nigeria In Nigeria
  • Marriage: married and blessed with 7 Children
  • Net Worth: $7.7 billion dollars

Mike Adenuga Biography

Chief Michael Adeniyi Agbolade Ishola Adenuga Jr, GCON was born 29 April 1953, In Nigeria. His father, the Oloye Michael Agbolade Adenuga Sr, was a school teacher while his mother, Omoba Juliana Oyindamola Adenuga née Onashile, of Okesopin, Ijebu Igbo, was a businesswoman of royal Ijebu descent.

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Mike Adenuga Forbes Net Worth And Biography

After Obtaining his First School Leaving Certificate, Adenuga Proceeded to Ibadan Grammar School where received his West African Senior School Certificate, and Comprehensive High School, Aiyetoro, for his Higher School Certificate (HSC). He worked as a taxi driver to help fund his university education. He graduated from Northwestern Oklahoma State University and Pace University, New York, with degrees in Business Administration.


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He was issued a conditional GSM licence in 1999; after it was revoked he received a second one when the government held another auction in 2003.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

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Mike Adenuga Forbes Net Worth And Biography

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

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

Mike Adenuga Forbes Net Worth And Biography

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

Mike Adenuga’s Controversies And Criminal Charges

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

Mike Adenuga Forbes Net Worth And Biography

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 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.

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  • In 2012, he was made Grand Commander of the Order of the Niger by the government of Nigeria.
  • He holds a Yoruba tribal chieftaincy as the Otunba Apesin of the Ijebu clan.
  • In 2018, he was decorated with the insignia of a Commander of the Legion of Honour by President Emmanuel Macron of France.

Mike Adenuga Forbes Net Worth

Mike Adenuga is currently the second richest man in Nigeria and the third richest black person on earth, with estimated net worth of $7.7 billion dollars.

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