Mike Adenuga Net Worth

Glusea- Mike Adenuga Net Worth

Michael Adeniyi Agbolade Ishola Adenuga Jr is a Nigerian billionaire businessman, and the third richest person in Africa. He is the founder of Globacom. Mike Adenuga net worth is $7.7 billion.

Mike Adenuga Profile

Mike Adenuga

Michael Adeniyi Agbolade Ishola Adenuga Jr was born 29 April 1953.

His father, the Oloye Michael Agbolade Adenuga Sr, was a school teacher while his mother, Omoba Juliana Oyindamola Adenuga was a businesswoman of royal Ijebu descent.

Adenuga had his secondary school education at Ibadan Grammar School, Ibadan, 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.

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Career

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He was issued a conditional GSM licence in 1999; after it was revoked he received a second one when the government held another auction in 2003.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

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

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.

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

Mike Adenuga Net Worth

Mike Adenuga net worth is $7.7 billion.

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.

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