Mike Adenuga: Biography And Net Worth

Last Updated on August 29, 2021 by Ope Quadri

Mike Adenuga is a successful Nigerian entrepreneur who was able to build Globacom and Conoil to an enviable height. Adenuga is actually one of the richest people in the world (he is even regarded as the second richest person in Nigeria).

Full Name: Michael Adeniyi Agbolade Ishola Adenuga

Date of Birth: 29th of April, 1953

Nationality: Nigerian

Occupation: Entrepreneur

Net Worth:  $4.5billion

This man is a well-known business owner whose impact is felt across Africa as a whole. It should be noted that he made his first million at age of 26.

Mike was born on the 29th of April, 1953 to Oloye Michael Agbolade Adenuga Snr and Omoba Juliana Oyindamola Adenuga (née Onashile, of Okesopin, Ijebu Igbo), in the western part of Nigeria. He attended Ibadan Grammar School for his secondary school education and moved on to Comprehensive High School Aiyetoro for his Higher School Certificate.

He traveled abroad to study at superb institutions like North Western Oklahoma State University and Pace University in New York. He married Titi Joyce Adenuga and their union is blessed with many children.

Mike Adenuga’s Early Career

Mike Adenuga started out from the scratch too (he began as a taxi driver in New York to get money to pay for his university tuition). He appears to be a lover of business from the scratch, and it helped him a lot.

In his early career years, Adenuga was one of the beneficiaries of the new policy made by Professor Jubril Aminu, the oil minister during Babangida’s regime (that almost anyone can engage in the business of oil exploitation and exploration).

Mike Adenuga’s Telecom Waka

In 1999, the man spotted an opportunity in Telecommunication and got a GSM license from the Federal Government. Mike started the popular Globacom which has grown swiftly to become a very large Telecom Operator in the country and beyond.

He didn’t just limit himself to Nigeria, but he expanded his territory to Benin and has also been in Ghana and Cote ‘d’ivoire. In 2015, the man got the Ivorian Mobile Telecoms Operator ‘Comium’ in Cote d’I’voire for $600m.

Mike Adenuga Net Worth

One of the questions people are always seeking as far as this man is concerned is about his net worth. Well, it has been made known that his net worth as of 2nd of August, 2018 is $4.5billion

Mike Adenuga’s Companies

How many companies did he own? Here are the ones you should know:

Conoil Producing Limited

This is a well-known Oil and Gas firm running with the vision of dominating the indigenous upstream petroleum companies in Africa.


As far as Nigeria is concerned, you rarely see someone who is not aware of this telecommunication company (or haven’t come into contact with someone else who is). The company has evolved over the years. They have  different products including Glo Gateway, Glo Broad Access, Glo mobile and Glo-1 coverage.

It should also be noted that has stakes in different multinational companies in Nigeria including Stanbic IBTC Bank.

Mike Adenuga’s Philanthropic Gestures

Although he loves keeping his kind gestures to humanity on a low-key, it was made known that he touches lives via his Mike Adenuga Foundation (which has helped many, not only in Nigeria, but in other African countries too)

Mike Adenuga’s Recognition And Awards

  1. – African Entrepreneur of The Year at ATA in 2007
  2. – Grand commander of the order of Niger (GCON) in 2012
  3. – Companion of the Star of Ghana (CSG) in 2018
  4. – 100 distinguished and Eminent Nigerians Centenary Awardsin2018
  5. Commander of the Legion of Honourin 2018

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