Globacom, the crown jewel of Mike Adenuga’s business empire, continues to spearhead Nigeria’s digital transformation with significant investments in network expansion and innovation.
Net Worth Growth: In 2024, Adenuga’s wealth increased by $700 million, bringing his total net worth to $6.8 billion. This milestone secured him a spot among the world’s 450 richest individuals.
Diverse Holdings: His fortune spans telecommunications, banking, oil, and real estate, with key stakes in Globacom, Sterling Financial Holdings, and Conoil Producing.
Driving Digital Change: Globacom leads the way in digital transformation with initiatives such as innovation hubs and fintech ventures aimed at promoting financial inclusion and advancing tech growth.
Despite challenges like currency depreciation across many African countries, including Nigeria, Adenuga remains one of Africa’s wealthiest figures. His ability to grow his fortune highlights the resilience and diversification of his businesses.
According to Forbes, Adenuga’s net worth rose from $6.1 billion at the start of 2024 to $6.8 billion by year-end, placing him as the 448th richest person globally. Much of his wealth is anchored in Globacom, Nigeria’s second-largest mobile telecommunications and digital services provider, which serves over 60 million subscribers.
Nicknamed the “Spirit of Africa” for his philanthropic contributions and transformative impact across the continent, Adenuga’s story is one of remarkable self-made success. From working as a taxi driver to fund his education, he earned degrees in Business Administration from Northwestern Oklahoma State University and Pace University in New York.
