Mike Adenuga Net Worth, Biography, Cars And Houses

Anyone familiar with Globacom (simply called Glo), must have heard the name Mike Adenuga. Mike Adenuga is CEO of Nigeria’s second-largest telecom operator after MTN. His massive net worth has made him an economic force to reckon with in Nigeria. In fact, due to his net worth, Mike Adenuga rides the best cars, lives in a luxurious home and can afford any good thing in life. Forbes has estimated his net worth at $6.5 billion as of 2021, this made him the second richest person in Nigeria after Dangote. There are many exciting things to know about this iconic man. Check it out.

Mike Adenuga Profile

Name	Mike Adenuga
Full Name	Michael Adeniyi Agbolade Ishola Adenuga Jr
Age	68 years old (2021)
Date of birth	29 April 1953
Occupation:	Telecom, oil, Self Made
Wives	Adefolake Emilia Adenuga and Titi Joyce Adenuga
Status	Married
Net Worth:	$6.5 billion

Mike Adenuga Biography

The Nigerian billionaire, Mike Adenuga, was born to Oloye Michael Agbolade Adenuga Sr, who was a school teacher while his mother, Omoba Juliana Oyindamola Adenuga (née Onashile, of Okesopin, Ijebu Igbo), was a businesswoman of royal Ijebu descent. He was born on the 29th of April, 1953, which makes Nigeria’s second richest man just 68 years old.

Mike Adenuga made his fortune in the oil business and telecommunications. His company, Globacom is a major competitor to MTN and has over 52 million subscribers. Globacom also has a presence in Benin, Ivory Coast and Ghana. He owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil (formerly Consolidated Oil Company).

Mike Adenuga Education

Before travelling out of the country for his university education, Mike Adenuga had his secondary school education at Ibadan Grammar School, Ibadan, Oyo State, Nigeria and Comprehensive High School, Aiyetoro, for his Higher School Certificate (HSC). He then travelled to the US to have his degree in Business Administration from Northwestern Oklahoma State University and Pace University, New York. To fund his university degree, Mike Adenuga had to work as a taxi driver.

Mike Adenuga Career

Mike Adenuga had to do different kinds of jobs before his big breakthrough in the oil industry and telecommunications. At age 26, He made his first million in 1979, selling lace and distributing soft drinks.

In 1990, he started his journey in the oil business when he received a drilling license. In 1991, Consolidated Oil struck oil in the shallow waters of Southwestern Ondo State, the first indigenous oil company to do so in commercial quantities.

In 1991, he received a conditional GSM licence which was revoked but later reissued in 2003 to kickstart his telecommunications company- Globacom. Globacom has now become a giant corporation spreading to other countries like Cote d’Ivoire, Ghana, Benin etc.

Mike Adenuga Awards And Recognitions

A man of such Calibre and influence can’t go without honour. Mike Adenuga has prestigious titles and honours to his name;

• In 2012, he was made Grand Commander of the Order of the Niger by the government of Nigeria.
• He holds a Yoruba tribal chieftaincy as the Otunba Apesin of the Ijebu clan.
• In 2018, he was decorated with the insignia of a Commander of the Legion of Honour by President Emmanuel Macron of France.
• Adenuga was cited as one of the Top 100 most influential Africans by New African magazine in 2019

Mike Adenuga Wife

The suave business has two wives, Adefolake Emilia Adenuga and Titi Joyce Adenuga, with 7 children in total. His daughters are Adetutu, Abimbola, Folashade, Eniola, and Bella. Mike Adenuga’s sons, Prince Micheal, and his brother, Tunde, are both very proud sons.

Mike Adenuga Net Worth

Mike Adenuga is currently the second richest man in Nigeria with an estimated net worth of $6.5 billion.

Mike Adenuga Houses

Mike Adenuga’s residential house in Nigeria is more than just a house, it’s a palatial mansion sitting on a large expanse of land, roughly 3 hectares. His residence is located in Banana Island, Lagos is said to be called a Gold digger’s den and is worth over 1 billion NGN.

The house reported to have been built by Julius Berger and Cappa & D’Alberto comprises 8 duplexes and an additional one for his personal residence with a home office (the gold one), two watchtowers, and a mosque, a church and a multipurpose hall that sits 200 people.

It also has an indoor swimming pool, car park, helipad, and yacht deck.

Mike Adenuga Cars

It’s unimaginable to consider a man with a net worth of $6.5 billion not to drive the best and most luxurious cars. Mike Adenuga has expensive, exotic cars adorning his garage.

Armored Bentley Mulsanne

The specs of the armoured Bentley Mulsanne is just the perfect fit for a wealthy billionaire. The specs include;

• A sedan with 4-5 seats
• 2 trims are available (with 3 configurations)
• 505-hp, 6.8-liter V-8
• Airline-style reclining seat
• Top-notch infotainment system
• State-of-the-art cabin

Mercedes Maybach S-Class

This four-door sedan is one of the best models of the Mercedes Benz series. This bespoke vehicle is powered by a 4.0-litre V-8 engine generating a 463-hp. The passenger seats can accommodate about 4-5 people. The starting price of the Maybach is 72.1 million.

Mercedes Benz Amg C63

The luxury AMG C63 is the befitting car for Mike Adenuga on official assignments within Nigeria. You can get the Mercedes Benz AMG either as a coupe, sedan, and convertible. This car features a SiriusXM satellite radio that comes with a six-month trial, Android Auto, Apple CarPlay, and Bluetooth audio streaming.

Rolls Royce Phantom

The Rolls Royce brand is a statement of wealth and royalty. The exterior and interior of his Rolls Royce Phantom are made from high-quality materials. It costs over ₦150 million for Mike Adenuga to bring this one home. A silky 563-hp twin-turbo V-12 coupled with an eight-speed automatic and rear-wheel drive delivers massive power to the Phantom

N/O	Cars	Starting Price
1	Armored Bentley Mulsanne	₦110.5 million
2	Mercedes-Maybach S-Class	₦72.1 million
3	Mercedes Benz AMG C63	₦24.3 million
4	Rolls-Royce Phantom	₦151.6 million

Mike Adenuga Private Jet

Mike Adenuga is one of the few who own, not just one, but two private jets. The business tycoon uses these jets for his global itinerary. They include a Bombardier Global 5000 (worth ₦16.6 billion), and a Dassault Falcon 7x worth ₦19.6 billion.