Michael Adeniyi Agbolade Ishola Adenuga was born on the 29th April, 1953 in the largest city in Nigeria, Ibadan, Oyo, Nigeria. He was born to Chief Michael Agbolade Adenuga Sr, (a school teacher by profession) and Mrs. Juliana Oyindamola Adenuga, née Onashile of Okesopin, Ijebu Igbo (a businesswoman of royal Ijebu descent).
Adenuga had his secondary school education at the Ibadan Grammar School, Ibadan and obtained his Higher School Certificate at Comprehensive High School, Aiyetoro. Interestingly, the business mogul did several jobs to ensure he had a great education. Works like a taxi driver, waiter and mortuary attendant to help fund his university education. He graduated from Northwestern Oklahoma State University with degree in Business Administration. He also earned a Masters degree at Pace University, New York, majoring in Business Administration with emphasis on Marketing.
The second richest man in Nigeria, Dr. Adenuga is a dominant player in the continent’s real estate, oil and gas, aviation and banking sectors, telecommunications etc. His first marriage to Folake did not last as a result of irreconcilable differences. Although before the break up, the union had already produced lovely children namely Paddy, Bella, Oyin and Jide. It was also gathered that He later married a lady whose name is Titi Joyce Adenuga. He has seven children in all whose names are Eniola Adenuga, Bella Adenuga-Disu , Tunde Paddy Abolade , Michael Babajide Adenuga , Adetutu Oyindamola Emilia.
Awards And Recognition Of Mike Adenuga
In 2012 Adenuga was made Grand Commander of the Order of Niger (Nigeria). In accordance with the recognition of his business achievement and outstanding contributions to the development of the country, he was awarded an honorary doctorate degree by the Ogun State University.
He also holds a Yoruba tribal chieftaincy as an Otunba of the Ijebu clan. On 27th August, 2007, He was named African Entrepreneur of The Year at the maiden African Telecoms Awards (ATA). During Nigeria’ 50th anniversary celebration, Adenuga was one of the 50 pre-eminent Nigerians who were conferred with the Special Golden Jubilee Independence Anniversary Awards by the Federal Government of Nigeria. There are several awards and recognitions year in year out.
Wealth And Net Worth
The successful business giant is reportedly worth $ 5.8 billion. The business mogul is the chairman of Mike adenuga group which include Globacom, Conoil oil etc. His house is said to be worth more than $2 billion according to the legendary Forbes magazine. He has become so rich due to his thriving successful businesses in Nigeria and other African countries, which includes Nigerian indigenous telecommunication company called Globa com, Conoil oil and Equatorial trust bank which merged with profitable Sterling Bank and several others businesses.
Mike Adenuga also possess two Falcons 7X private jets. Their worth is $50m (about N8.2billion) and Bombardier Challenger 604, which costs $30m (that is N4.8billion). No wonder, such a rich person chooses expensive mansions. Adenuga house in Banana Island suits such an important personality well.
Mike Adenuga house in Banana Island consists of 8 duplexes and also one more for his personal residence with huge home office, a mosque, two big watch towers, a church and also a huge multipurpose hall that has sits for 200 people.