Posted by Webby on
Born on: 29th Apr 53
Born in: Nigeria
Marital status: Married
Occupation: business tycoon
Born as Michael Adeniyi Agbolade Ishola Adenuga has an estimated net worth of 4700000000. He is a Nigerian business tycoon who is regarded being among the richest black people in the world. More so, his company Globacom control Nigeria’s second-largest telecom operator. Adenuga likewise has stakes in the Equitorial Trust Bank and also the oil exploration firm Conoil (formerly known as Consolidated Oil Company). Adenuga primarily built his fortune through the mobile telecommunications as well as the oil production. It was in 2006 when this gentleman founded Globacom, which has about 24 million customers in Nigeria. The said company also operates in the Republic of Benin. It is here where it recently got licenses to start putting up businesses in Ghana and Ivory Coast. Conoil Producing, on the other hand, is recognized to be one of the largest independent exploration companies within the country. This company has a production capacity of 100,000 barrels of oil daily. This business tycoon made his first fortune at the tender age of 26 by being a distributor of lace and other materials. It was through this experience that allowed him to slowly accumulate enormous wealth and even becoming the second richest person in Nigeria and the fifth richest in Africa as of March 2013. He used to be a secondary school education student at the Ibadan Grammar School. He had to work as a taxi driver while completing his studies in the university. All his hard work paid off when he was able to finish his education from the Northwestern Oklahoma State University as well as Pace University in New York bearing degrees in Business Administration.