Mike Adenuga is a man who has gained popularity in Nigeria and Africa in general. This businessman is one of the richest people in Africa, with a wealth of billions of dollars.
Many people would like to know what Mike Adenuga does for a living and how he made his wealth. Understanding Adenuga’s wealth means going back in time and learning how his career kicked off.
What Does Mike Adenuga Do For a Living?
Mike Adenuga made his fortune in telecom and oil production. He is the owner of Globacom, Conoil Producing, and a list of other businesses.
Adenuga started to strive for a better career after his secondary education at Ibadan Grammar School and Comprehensive High School, Aiyetoro. During this time, he worked as a taxi driver to help fund his university education.
He went on to graduate with degrees in Business Administration from Northwestern Oklahoma State University and Pace University in New York.
Mike Adenuga became a millionaire for the first time in 1979, at the age of 26. He achieved this feat by selling lace and distributing soft drinks.
As Adenuga progressed, in 1991, his oil company, Consolidated Oil, made its first oil exploration in the shallow waters of Southwestern Ondo State. This was after he received his drilling license in 1990.
Adenuga first ventured into telecom in 1999 after he was issued a conditional GSM license. The license was later revoked and this delayed his plans until 2003, when he received a second one.
It was on August 29, 2003, that Mike Adenuga founded The telecommunications company Globacom Limited, commonly known as Glo in Nigeria. Since then, the company has expanded to other countries like Ghana, the Benin Republic, and Côte d’Ivoire.
How Did Mike Adenuga Become a Billionaire?
Mike Adenuga became a billionaire by exploring crude oil through his company, Consolidated Oil. He also has other businesses and assets in companies like Globacom, Conoil, Julius Berger Nigeria Plc, and others.
What Companies Does Mike Adenuga Own?
Mike Adenuga is known for owning a Telecom company and an oil production company. But he also has assets in a list of other companies in areas like civil engineering and construction, banking, and the real estate sector.
List of companies and assets owned by Mike Adenuga:
- Conoil Producing
- Globacom Limited
- Transnational Corporation of Nigeria (Transcorp)
- Sterling Financial Holding
- Conoil Plc
- Cobble-Stone Properties & Estates Limited
- Julius Berger Nigeria Plc
These companies are popular in Nigeria and Africa. Julius Berger Nigeria Plc is well known for its expertise in planning, designing, and constructing major infrastructure projects in Nigeria.
Sterling Financial Holding operates the Sterling Bank PLC, a popular commercial banking service provider in Nigeria.
At this point, you know that Mike Adenuga does business for a living and how he started his career.