Mike Adenuga Net Worth, Wives, Children, Biography, Wiki, House

Pinterest LinkedIn Tumblr

Michael Adeniyi Agbolade Ishola Adenuga Jr, Nigeria’s second richest man, built his fortune in telecom and oil production was born on the 29th day of April 1953 to a father who was a school teacher and mother who was a businesswoman.

Mike Adenuga’s Bio/Wiki:

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: $6.2 billion

Mike Adenuga’s Biography:

Chief Michael Adeniyi Agbolade Ishola Adenuga Jr CSG GCON (born 29 April 1953) 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. He owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil (formerly Consolidated Oil Company). Forbes has estimated his net worth at $6.2 billion as of May 2021.

Mike Adenuga’s Date of birth:

Mike Adenuga was born on the 29th of April, 1953. This makes Nigeria’s second richest man just 68 years old.

Mike Adenuga’s Parents, Father, Mother Name:

His father, the Oloye Michael Agbolade Adenuga Sr, was a school teacher while his mother, Omoba Juliana Oyindamola Adenuga (née Onashile, of Okesopin, Ijebu Igbo), was a businesswoman of royal Ijebu descent.

Mike Adenuga’s Education Background:

Adenuga received his secondary school education at Ibadan Grammar School, Ibadan, Oyo State, Nigeria and Comprehensive High School, Aiyetoro, for his Higher School Certificate (HSC). He worked as a taxi driver to help fund his university education.[8] He graduated from Northwestern Oklahoma State University and Pace University, New York, with degrees in Business Administration.

Mike Adenuga’s Career:

Adenuga made his first million in 1979, at age 26, selling lace and distributing soft drinks. In 1990, he received a drilling license and in 1991, his Consolidated Oil struck oil in the shallow waters of Southwestern Ondo State, the first indigenous oil company to do so in commercial quantity.

He was issued a conditional GSM licence in 1999; after it was revoked, he received a second one when the government held another auction in 2003. His telecom company Globacom spread quickly and started challenging the giant MTN Group. It launched services in Benin in 2008, and has continued its spread across Ghana and Côte d’Ivoire, with more licences currently being prospected in other West African countries.

He was named African Entrepreneur of The Year at the first African Telecoms Awards (ATA) in August 2007.

In May 2015, Adenuga made a takeover bid to purchase Ivorian mobile telecom’s operator Comium Côte d’Ivoire for $600 million.

Mike Adenuga and his family with the Ex-President Mahama of Ghana

Mike Adenuga’s Wife, Children:

The billionaire has two wives, Adefolake Emilia Adenuga and Titi Joyce Adenuga, with Mike Adenuga’s children numbering 7 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.

Adenuga citadel, located on 3 massive hectares

Mike Adenuga’s House:

With the amount of money he has, you would be sure his house should be a haven and sure it is. His estate ( this is because the house is more than just a mansion) located in Banana Island is said to be called Gold digger’s den and is worth over N1 billion.

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

It also has an indoor swimming pool, car park, helipad, yacht deck and it sits on roughly 3 hectares.

Goodluck Jonathan, presenting the GCON Merit Award to Chief Mike Adenuga at the 2012 National Honours Award

Mike Adenuga’s Awards and Recognition:

  • 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’s Car:

Mike Adenuga’s cars
 N/O Car 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
The billionaire entrepreneur also owns 2 formidable private jets for global trips on business and pleasure

Mike Adenuga’s private jet:

What about Mike Adenuga’s private jet? Just to digress a bit, the billionaire also hops on one of his private jets for his global junkets. They include a Bombardier Global 5000 (worth ₦16.6 billion), and a Dassault Falcon 7x. This is worth ₦19.6 billion.

Mike Adenuga’s Net Worth:

Mike Adenuga’s net worth has risen tremendously from $5.3 billion in 2012 to 6.2 billion in 2021 according to Forbes. Majority of his wealth is from his telecommunication and oil bloc businesses.


Thank you al for reading, hope to see you read our other posts, before you go it might interest you to know about Tony Elumelu Biography And Net Worth.

Share with friends and colleagues!
Alamu Tosin

The writer is Alamu Tosin. I have three strong passions in life — football, blogging and movies — in that order. I love spending time with friends talking about the important things in life and hate nothing more than ‘authority’ and hypocrisy. My personal believe in life is that once an individual sets his/her mind to achieve something, it is totally possible. And oh!, I am a strong Lannister, because I always pay my debt. For writing or fixing gigs, contact

Write A Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Pin It