Wednesday, 6 June 2012
Nigerians among Africa's Billionaires 2011
Mike Adenuga is the second-richest person in Nigeria with a fortune of $2 billion. He is the 595th richest person in the world and made his money in telecommunications with Globacom, a carrier that has recently launched its 4G network. The company has also invested in the submarine cable connecting Nigeria to the world. His beginnings were small, as he started selling lace and Coca-Cola, but then he finally won a contract to build military barracks in the late 1980s. Adenuga also has a stake in the Equitorial Trust Bank, and is the chair of Conoil.