Dr. Michael Adenuga,Jnr. has recorded another feat… by leaping to number 106 on the Forbes rich list with $10 billion in his name!
From $3.1 billion on Sunday,February 14,2016, the 62 year-old telecoms and oil giant, believed to own thousands of property in Nigeria and a few abroad, lept to $10 billion by Tuesday, February 16, 2016.
Believed to be worth quite more than had always been put against his name (since only stocks in quoted companies are used by Forbes), because Globacom and many of his companies are excluded, he is now climbing rapidly on the rich list.
encomium.ng gathered that the leap is a feat!
At his peak on the list, $4.7 billion was recorded against his name. But crashing oil prices, tumbling stocks, falling naira and more economic woes in Nigeria led to a loss that brought his net-worth to $3.1 billion.
Now he’s worth $10 billion!