FORBES TOP 20 RICHEST PEOPLE IN NIGERIA & HOW MUCH THEY ARE WORTH

2. MIKE ADENUGA

Born on the 29th of April, 1953, Mike Adenuga is the second richest Nigeria thanks to his investments in the telecommunications giant Globacom and Conoil.

Globacom is the second largest telecoms operator and the company has offices in African countries like Ghana, CoteD’Ivoire and Benin.

According to the recently released Forbes list in 2017, Mike Adenuga’s net worth is estimated at $5.8 billion and he is the third richest person in Africa.

Mike Adenuga had his primary and secondary education in Nigeria before proceeding to the United States to study Business Administration. He received his Bachelor’s degree at the Northwestern Oklahoma State University after which he went on to obtain a Master’s degree at the Pace University in New York.

Mike Adenuga had his primary and secondary education in Nigeria before proceeding to the United States to study Business Administration. He received his Bachelor’s degree at the Northwestern Oklahoma State University after which he went on to obtain a Master’s degree at the Pace University in New York.

In 1990, his company which was then known as Consolidated Oil received a drilling licence and in 1991 they struck oil. Consolidated Oil was the first indigenous company to strike oil in commercial quantities.

Beyond Con Oil, Mike Adenuga further proved his mettle as an astute businessman when his company, Globacom was issued a conditional GSM licence in 1999. He received the second licence in 2003 and ever since then his telecoms company which is fully indigenous has grown rapidly.

Mike Adenuga claims he got his business acumen from his mother who was also a successful businesswoman.

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