Biography Of Mike Adenuga & Net Worth

3 years ago

Biography Of Mike Adenuga & Net Worth

Michael Adeniyi Agbolade Ishola Adenuga Jr CSG GCON is a Nigerian billionaire businessman, and the third richest person in Africa. His company Globacom is Nigeria's second-largest telecom operator, which has a presence in Ghana and Benin.

Mike Adenuga Biography

Michael Adeniyi Agbolade Ishola Adenuga 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 Ibadan, Oyo State. It is safe to say that Mike Adenuga inherited his business sense from his mother who was a businesswoman from royal Ijebu descent.

John bull (as he is fondly called) attended Ibadan Grammar School for his secondary school education and proceeded to Comprehensive High School Aiyetoro for his Higher School Certificate. Mike Adenuga is a graduate of Business Administration from North Western Oklahoma State University and he also has an MBA from Pace University, New York.

He is married to Titi Joyce Adenuga and they are blessed with many children.

Mike Adenuga’s Early Career

Mike Adenuga’s career path was not an easy one as one would think. The billionaire started out as a taxi driver in New York hustling to pay for his university tuition. At some point, he sold soft drinks and lace material. For Mike Adenuga, once the business is legal and he understands it and it can generate revenue, he is good to go.

We can say that fate smiled on Mike. He was one of the beneficiaries of the new policy made by Professor Jubril Aminu, the oil minister during Babangida’s regime. The policy allowed individuals to engage in the business of oil exploitation and exploration. In 1990, he was granted a drilling license and in 1991, he started his Consolidated Oil struck oil in the shallow waters of Ondo state.

Mike Adenuga’s Telecom Waka

Again, Mike saw another opportunity in Telecommunication and acquired a GSM license from the Federal Government in 1999. With this license, he started the Globacom we all know today. Globacom has grown rapidly to become a very large Telecom Operator in Nigeria and Africa with over 36million subscribers.

In 2008, he extended Globacom services to Benin and has further expanded to Ghana and Cote ‘d’ivoire. He is still scouting for more licenses in other West African countries.

In 2015, Mike Adenuga acquired the Ivorian Mobile Telecoms Operator ‘Comium’ in Cote d’I’voire for $600m. Mike is still on top of his game and his name comes to mind when you mention Oil and Gas or Telecommunication in Africa.

Mike Adenuga’s Philanthropic Gestures

Mike Adenuga prefers to keep his kind gestures to humanity a secret but trust us to dig deeper. We gathered that his philanthropy activities are carried out majorly through the Mike Adenuga Foundation. This foundation provides help to Nigeria and other African countries. The foundation once supported the victims of a flood with N500m in Bayelsa. Mike Adenuga is also the major sponsor of the Glo-CAF Award.