Renowned Nigerian telecom and oil tycoon, Mike Adenuga, has reclaimed the title of Nigeria’s second-richest individual, surpassing Abdul Samad Rabiu after Forbes reevaluated the worth of his mobile phone network, Globacom.

Adenuga’s current net worth stands at $7.4 billion, reinforcing his prominent position in Africa’s business landscape.

Founder of the third-largest telecom service provider in Nigeria, Globacom, Adenuga had temporarily lost the second-richest position to Rabiu a year and a half ago.

However, following Forbes‘ recent reassessment, he now holds the title of Nigeria’s second-richest person, trailing only behind Aliko Dangote.

The Chairman of Conoil and founder of Globacom has experienced fluctuations in his net worth over the years, with it reaching $7.3 billion in 2022 and attaining its pinnacle at an impressive $10 billion in 2015.

Recall that Adenuga’s networth was reported to have fallen to $3.6 billion in June 2023 before bouncing back. The decline, from the initial $6.3 billion recorded in January last year according to Forbes, was influenced by multiple factors.

Read on..
https://latestnewsng.com/2024/01/mike-adenuga-networth-rises-to-7-4bn-forbes/

Let’s convert it to Naira so some people will know what we’re talking about. That’s over
N8,880,000,000,000 for one person!