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| Description: Net Worth: $8 billion Industry: Diversified Country of Citizenship: Nigeria Age: 61 Number of Jobs Created: 6,080 Nigeria’s second richest man saw little change in his fortune from last year. “The Bull”, as Adenuga is often called, continues to build his empire centered around Globacom (Glo), a telecommunications company with over 25 million active subscribers in Nigeria and about 30 million subscribers across West Africa. One of the fastest-growing telecommunications companies in the world, Globacom recently completed an $800 million high-capacity fibre-optic submarine cable from the UK to Nigeria in advance of its big push into data services provision. Adenuga’s other major asset, Conoil Producing, founded in the early 1990s, was the first Nigerian indigenous oil exploration and production company to strike oil in commercial quantities. It currently produces 100,000 barrels of crude oil daily. Adenuga also owns a 74-percent stake in Conoil Plc, a petroleum marketing outfit listed on the Nigerian Stock Exchange, which reported revenues of about $1 billion for 2013. Adenuga is also a big player in the real estate space and owns major real estate assets in Nigeria, the UK, South Africa and several European countries. Adenuga began his career relatively modestly, trading in fabrics and textiles popular with Nigerian men and women. He also distributed Coca-Cola products and secured a number of lucrative government contracts. Adenuga is currently grooming the next generation to take over his business empire. His daughter Bella and his son Paddy are actively involved in his business empire, serving in different capacities at either the board or executive level. |
| Comments | |
| dennis_005
Gender: (m) Posts: 635 | 16-11-2014 11:44 PM I like to be like him Insha Allah |
