Home » HEADLINES » Globacom CEO Mike Adenuga joins Forbes’ list of world’s billionaires

By Nigerians Abroad staff writer

Forbes Inc has named Nigerian telecom Guru, Mike Adenuga in its 2011 list of world’s billionaires. Adenuga joins few other elites who made the grande entrance into the billionaire club.

Adenuga now officially the second richest Nigerian - behind Aliko  Dangote - is believed to worth US$ 2billion and occupies 595 position among the world’s billionaires.

The inclusion of Adenuga, now placed Lagos, Nigeria as member of elite global cities that house the world billionaires.

According to Forbes, “Adenuga debuts on our billionaires list after making waves with mobile technology. His telecom carrier Globacom recently launched a 4G network, and he’s invested $1 billion on a submarine cable connecting Nigeria to the rest of the world. He made his first million at age 26 selling lace and distributing Coca-Cola, then won a contract to build military barracks in the late 1980s. He owns a stake in the Equitorial Trust Bank and chairs Niger Delta oil exploration firm Conoil. Adenuga is a soccer devotee and sponsors a number of tournaments.”

Meanwhile, Adenuga counterpart, Dangote consolidates his lead to become Africa’s richest person with over 557 per cent increase in fortune. Dangote, a guru in the manufacturing industry now worth US$ 13.8billion - from $2.1billion recorded last year - and now sits at position 51 of the world’s billionaires.

Dangote cement also holds the record of Africa’s largest cement manufacturers with a market value of $13billion, which accounts fro a quarter of the Nigerian Stock exchange overall market capitalization.

Both Adenuga  and Dangote are strong backers of Nigeria’ president Goodluck Jonathan - who is seeking to be elected in the country’s upcoming general election.

Forbes’ List of the Top 10 world’s billionaires

Names Net Worth Age Source Citizenship
Carlos Slim Helu & Family $74 71 Telecom Mexico
Bill Gates $56 55 Microsoft United States
Warren Buffett $50 80 Berkshire H United States
Bernard Arnault $41 62 LVMH France
Larry Ellison $39.5 66 Oracle United States
Lakshmi Mittal $31.1 60 Steel India
Amancio Ortega $31.1 74 Zara Spain
Eike Batista $30 54 Mining, Oil Brazil
Mukesh Ambani $27 53 Petrochemicals India
Christy Walton & Family $26.5 56 Walmart United States

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4 Responses to “Globacom CEO Mike Adenuga joins Forbes’ list of world’s billionaires”

  1. The door of success opens to those who push hardest

  2. Olatunji Samuel April 1, 2011

    Congratulation Mike Adenuga. My advice for you is that you should use your resources to better the lots of many less priviledged
    Jehovah God has blessed you for the benefit of other people, therefore, you must use your wealth to improve the life of common people in our society and your joy would be abundant in Jesus’s name
    I pray that you will enjoy your wealth to the full by the Grace of God.

  3. simon July 2, 2011

    Well well well, two Nigerians in the top 1125 richest billionaires, now that’s something to be proud of.

  4. Name (required) August 3, 2011

    HEADLINE NEWS. The C.E.O of Globacom Mr Mike Adenuga is in serious relationship with one Barbara Wood in Accra, Ghana.I wouldn’t be surprised if he even tops the world’s chat.Because of the millions he spends on the girl.