Mike Adenuga
#607

Mike Adenuga

Nigeria 73 years old Self-Made

Overview

Source of Wealth
Telecom, oil
Industry
Diversified
Residence
Lagos
Education
Pace University (Master of Business Administration)
Marital Status
Married
Children
7

Assets

  • Conoil
    518,298,603 shares @ -
    -
    CONOIL-NG
  • FBN Holdings
    5,416,599,684 shares @ -
    -
    FIRSTHOLDCO-NG
  • Julius Berger Nigeria
    405,893,000 shares @ -
    -
    JBERGER-NG
  • Sterling Financial Holdings
    1,620,376,970 shares @ -
    -
    STERLINGNG-NG

Biography

Mike Adenuga built his fortune in telecommunications and oil production.

His mobile phone network, Globacom, is the third-largest operator in Nigeria, with more than 17 million subscribers.

His oil exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta.

Globacom also built Glo-1, a 6,100-mile-long submarine Internet cable to the U.K. via Ghana and Portugal.

Adenuga also owns 74% of publicly traded gasoline firm Conoil and just under 6% of publicly traded Nigerian bank Sterling Financial Holding.

About

Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver.

Adenuga made his first million at age 26 selling lace and distributing soft drinks.