Mike Adenuga
The Nigerian business magnate who has built a fortune in telecom and oil production is the second richest black man in the world with a fortune estimated at $5.3 billion. Adenuga launched Globacom mobile phone network in 2006, which has reached about 37 million subscribers and continues to expand to other West African countries. Growing up, he made friends with people in the Nigerian military, whom he cornered to help him get state construction contracts. Ibrahim Babangida, Nigeria’s former president awarded Adenuga an oil prospecting license. Adenuga used that to build Conoil, becoming the first Nigerian to strike oil in commercial quantities.
