From Rags to Riches: Meet Africa’s Top Five Self-Made Billionaires

Fredrick Ngugi May 09, 2016

Mike Adenuga

Nigerian self-made billionaire Mike Adenuga. Photo (www.atlantablackstar.com)

Mike Adenuga (Nigerian)

Mike is the second richest person in Nigeria with an estimated net worth of about $10 billion as of September 2015. He was born in 1953 in a low-income family. His father was a school teacher and his mother, a businesswoman. Mike had to work as a taxi driver to support his university education. He is now the owner of Globacom, the second-largest telecom firm in Nigeria and owns stakes in Equitorial Trust Bank and Conoil (previously Consolidated Oil Company).

Last Edited by:Deidre Gantt Updated: May 9, 2016

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