2. Mike Adenuga
Net Worth: $4.6Billion
Rank in Nigeria: #2
Rank in Africa: #6 (#5 in 2013)
Mike Adenuga is Nigeria’s second richest man, thanks to savvy investments in mobile telecom and oil production.
In 2003, he founded Globacom, which now has more than 27 million subscribers in Nigeria, making it the second largest mobile phone network company in the country after South African giant MTN.
Adenuga is also the founder of oil exploration firm Conoil Producing, which owns at least 3 producing oil blocks and is exploring for oil on 4 others.
Adenuga made his first fortune trading lace and Coca-Cola after returning from his studies in the United States.
He made key friendships with top Nigerian military personnel and earned lucrative state contracts along the way.