What is Mike Adenuga’s Net Worth?


Mike Adenuga is a Nigerian billionaire and the second-richest African.

Globacom, Nigeria’s second-largest telecom operator, has a presence both in Ghana and Benin. He holds shares in Equitorial Trust Bank as well as the oil exploration company Conoil.

Mike Adenuga’s net worth was estimated at $6 Billion as of July 2022.

Early Life

Michael Adeniyi Agbolade Ishola Adenuga Jr., was born in Ibadan (Nigeria) on the 29th April 1953.

His father was a teacher, and his mother was a businesswoman from the royal Ijebu blood.

Adenuga completed his secondary education at Ibadan Grammar School in Ibadan and Comprehensive High School in Aiyetoro for his Higher School Certificate. To help pay for his university education, he worked as a taxi driver.

It began services in Benin in 2008. The company has expanded its reach to other West African countries, including Ghana and Cote d’Ivoire. More licenses are currently being sought in other West African countries.

Adenuga was awarded the title of “African Entrepreneur Of The Year” at the first African Telecoms Awards in August 2007. He was arrested by the Economic and Financial Crimes Commission in 2009 for money laundering.


Adenuga was granted a drilling permit in 1990. His Consolidated Oil, which was the first indigenous oil company to produce commercial quantities in shallow waters in Southwestern Ondo State in 1990, received a drilling license.

In 1999, he was granted a conditional GSM license. His telecom company Globacom grew quickly and began to challenge the MTN Group.


These are some of Mike Adenuga’s greatest moments:

  • Globacom, Nigeria’s second-largest telecom operator is Globacom
  • He holds stakes in Equitorial Trust Bank
  • Grand Commander of the Order of the Niger (2012)
  • Commander of the Legion of Honour (2018)

One Strong Lesson From Mike Adenuga

We now know all about Mike Adenuga and his success story. Let’s look at some lessons we can learn.

1. Grow Stronger than Before

Accepting, accepting, and learning from change will make you stronger than you were in the past. You can learn from your mistakes and make better decisions. You are able to accept the changes and move on with your life without regrets.

Favorite Quotes From Mike Adenuga

You will be more successful if you work harder