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How mike Adenuga made his money

Achievements Of Mike Adenuga Is Not By Accident, He Is A Hard Working Man; Mike Adenuga Climbed The Ladder Of Success While Working Hard In Every Step He Took Until Full Success Was Achieved. Mike Adenuga’s Ambitious Life Is A Good Testimony For All Of Us To See That These Is No Limit To What You Can Achieve To The Level Of Greatness And Financial Success You Can Atain In Life; Mike Adenuga Success Is The Outcome Of Dedication And Perseverance.

Michael Adeiniyi Agbolade Ishola Adenuga Widely Know As Mike Adenuga Was The Son Of Mr. Oloye Adenuga, A Teacher And Mrs Juliana Oyindamola Adenuga, A Businesswoman From A Royal Family Background. Michael Adeiniyi Agbolade Ishola Adenuga Was Born In Ibadan Of The 29th Of April, 1953. Michael Adeiniyi Agbolade Ishola Adenuga Is Married Joy Adenuga And Has Seven Children.

Michael Adeiniyi Agbolade Ishola Adenuga Went To Ibadan Grammar School, Oyo State For His Secondary Education. University, New York Where He Obtained A Master Degree In Business Administration, Mba.

Michael Adeiniyi Agbolade Ishola Adenuga, While He Was In The University Took Up A Job As A Cab Driver And Also Worked As A Security Guard Before Returning To Nigeria. It All Means Either He Partially Or Wholly Sponsored Himself Through The University.

BUSINESS CAREER PROGRESSION

Michael Adeiniyi Agbolade Ishola Adenuga Whom People See Today As One Of The Richest People In Africa Started In The Business World When He Hawked Goat Feed In The Street Of Ibadan. This Is One Of The Traits Of A Powerful Business Person Because, For Him, No Job Is So Menial. Michael Adeiniyi Agbolade Ishola Adenuga Is Always Searching For Available And Unexplored Opportunities. Michael Adeiniyi Agbolade Ishola Adenuga Is A Real Entrepreneur. His Friends Nicknamed Him “John Bull” Because Of His Insatiable Desire To Explore New Opportunity.

SAW MILL AND LACE IMPORTATION

Upon Michael Adeiniyi Agbolade Ishola Adenuga Return From America After His Duties, Michael Adeiniyi Agbolade Ishola Adenuga Supported His Mother’s Sawmill Business And Eventually Took Over The Business From Her At The Age Of 26. Over Time, He Became A Lace Dealer, He Seized It, After An Australian Lace Manufacturer Convinced Him On A Flight From New York To Nigeria To Invest In The Business Of Lace Material. Michael Adeiniyi Agbolade Ishola Adenuga Became An Important Of Lace Materials And It Is From This Business He Made His First Millions.

OIL BUSINESS

The oil business was the first big business Michael Adeiniyi Agbolade Ishola Adenuga went into that enhanced his net worth. Having good friends is good particularly those who help you in the way to success in life. Michael Adeiniyi Agbolade Ishola Adenuga is lucky to have good friends in the ministry. Michael Adeiniyi Agbolade Ishola Adenuga was awarded huge contracts to build military barracks and other military installation in Nigeria. Under the presidency of Ibrahim Babangida, former military head of state,  Michael Adeiniyi Agbolade Ishola Adenuga was awarded an oil explorationlicence. Having the licence, Michael Adeiniyi Agbolade Ishola Adenuga started conoil Producing Limited, to produce and market petroleum products. The company then discovered crude oil in commercial quantity in Ondo State and explored it in full.

BANKING BUSINESS

In 1990, Michael Adeiniyi Agbolade Ishola Adenuga ventured into banking sector and established the Equatorial Trust Bank (ETB), a fully indigenous bank. In 2011, the bank had grown to boast over 100 branches scattered all over Nigeria. Before then, in 2006, ETB had to merge with Devcon bank for consolidation purpose. Soon after, the ETB was found to be distressed, prompting the Federal Government of Nigeria to bail out the bank and consequently took up a substantial percentage of the share capital.

 TELECOMMINATION BUSINESS

Michael Adeiniyi Agbolade Ishola Adenuga hit his fortune jackpot in the communication business. Michael Adeiniyi Agbolade Ishola Adenuga was issued a GSM licence in 2006 after the first licence issued in 1999 was revoked. Michael Adeiniyi Agbolade Ishola Adenuga set up Globacom Limmited and built a telecome company with a submarine cable linked Nigeria to the United Kingdom. Glo provides GSM and internet services that are very reliable and the same time cheap.

Glo took the bull bu the horn when they introduced per second billings in Nigeria. Other operators joined to avoid being left behind. Globacom also added other services such as mobile internet, mobile banking, and vehicle tracking while it sponsored backberry (a mobile Smartphone). It launches its services in the Republic Of Benin in 2008 and continued to expand to other African countries. Today, globacom operates in Ghana, Cote D’Ivoire and the republic of Benin. Research shows that Glo has about 43 Million subscribers and it is the second largest telecome company in Nigeria.

PROPERTY

As you would expect, the second richest man in Africa is the owner of a massive multibillion estate with nine duplexes in banana island in Lagos. People say his estate is heaven on earth. Michael Adeiniyi Agbolade Ishola Adenuga has the Mike Adenuga tower located in Victoria Island, Lagos.

AWARDS

Michael Adeiniyi Agbolade Ishola Adenuga has received many awards such as

  • African Entrepreneur of the year 2007
  • Pillar of football in Africa
  • Special Golden Jubilee Independence Anniversary Award
  • Nigeria national Award of Grand Commander of the Order of the Niger GCON

NET WORTH

Michael Adeiniyi Agbolade Ishola Adenuga’s net worth has gone up fast from $4.6 billion in 2012 to $5.3 billion in 2018. Today forbes puts the net worth of the 2nd richest man in Africa at $8.7 billion.

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2 comments

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    Aguguo Nneoma Sandra


    Ok very good

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    KHP Connect


    Nice one

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