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MIKE ADENUGA
Nairametrics attempts to capture the biggest donors amongst African billionaires, leveraging on data available in monetary terms on their foundation websites as well as publicly verifiable coverage of such philanthropic acts as recognized by bodies such as Forbes, Bloomberg and the Times 100 within the period of the Covid-19 era, which elicited a lockdown in 2020 to present day 2025.
The wealth of Africa’s richest individuals took a hit in 2024, with the combined net worth of the continent’s top billionaires declining over the past 363 days. This article expolores how much they won and lost in 2024.
Nigerian billionaires and high-net-worth individuals have a variety of strategies for investing in the capital market, reflecting both the diversity of Nigeria's economy and the individual's business acumen.
The richest men in Nigeria typically amass their wealth through a mixture of industries pivotal to the Nigerian and broader African economy.
Mike Adenuga, Nigeria’s second-richest man and owner of Globacom, has emerged as one of the biggest winners in the billionaire ranks in 2024, recording a substantial increase in his net worth.
Forbes, the world’s most authoritative voice in wealth reporting recently released its 2024 list with four Nigerians making the cut.
Telecom billionaire and one of Nigeria’s oil barons Mike Adenuga makes a comeback as Nigeria’s second-richest man with a $7.4 billion net worth valuation, pushing Abdul Samad Rabiu to third position.
Mike Adenuga has seen a setback, with a $300 million decrease in his net worth, now estimated at $3.3 billion at the time of this report.
The Chairman of Conoil and CEO of Globacom, Mike Adenuga, has experienced a significant decline in his net worth, which now stands at $3.6 billion.
Forbes has released its comprehensive list of the world's billionaires for 2023. The list, which came out Tuesday, April 4th, with 2460 individual billionaires globally, has a couple of surprises.
"Philanthropy is my way of appreciating God’s Kindness" – Femi Otedola
Conoil assured shareholders of its commitment to continue to deliver strong and sustainable performance