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AUM

Not disclosed (estimated ~$6.8B based on net worth)

Principals

5

Principal Net Worth

$6.7B

Data Flags

Nigeria-based; Forbes Billionaires 2025 #498 $6.4B; #5 Africa's Billionaires; Telecom & oil (Globacom, Conoil)

Adenuga Family Office

SFOHigh Confidence

Lagos, Nigeria

Last verified: Jan 17, 2026

Details

Source of Wealth
Telecommunications (Globacom), Oil (Conoil), Banking
Assets Under Management
Not disclosed (estimated ~$6.8B based on net worth)
Source File
research/organizations/adenuga-family-office.md
UID
fo-adenuga-family-office

Also Known As

Mike Adenuga Family OfficeAdenuga Capital

Principals (5)

Mike AdenugaFounder/PrincipalOWNS
$6.7B
Bella DisuGlobacom ExecutiveOWNS
Daughters (others)Globacom, Conoil leadershipOWNS
Spouses-OWNS
TBD-OWNS

Team Members (4)

Bola TinubuTitle TBD
WORKS_AT
Emmanuel MacronTitle TBD
WORKS_AT
Honoured MikeTitle TBD
WORKS_AT
Muhammadu BuhariTitle TBD
WORKS_AT

Related Entities (8)

Adenuga FoundationFoundation
Conoil PlcSubsidiary

Downstream oil/petroleum marketing (74% stake)

Conoil Producing LimitedSubsidiary

Upstream oil exploration and production (6 oil blocks in Niger Delta)

Equitorial Trust BankTrust

(Former) - Sold in 2011

Glo-1Subsidiary

6,100-mile submarine internet cable (UK via Ghana and Portugal)

Globacom Limited (Glo)Subsidiary

Nigeria's 3rd largest telecom company (17M+ subscribers); operations in Nigeria, Ghana, Benin

Mike Adenuga FoundationFoundation

Philanthropic activities (mikeadenugafoundation.org)

Sterling Financial HoldingsHolding Company

Nigerian bank (~6% stake)

Relationship Strength

Loading relationships...

Sources (7)

Changelog

  • 2026-01-17UPGRADED TO HIGH CONFIDENCE - Added 2+ independent sources (Forbes Real-Time + Wikipedia with cited refs). Added birth date (Apr 29, 1953), education details, national honors (GCON, French Legion of Honour, Ghana Star), family details (Bella Disu daughter, 7 children, 2 spouses). Updated entity details with ownership stakes. Forbes verified $6.4B Jan 2026.
  • 2026-01-17Updated with Forbes Real-Time Jan 2026 data - $6.4B Forbes Billionaires #498 (was $6.7-6.8B). #5 Africa's Billionaires. Telecom & oil (Globacom, Conoil)
  • 2026-01-17Verified principal identity and net worth ($6.7-6.8B via Forbes). Corrected HQ to Lagos, Nigeria. Corrected AUM (was incorrectly $1.4B). Added business holdings (Globacom, Conoil). Added news about daughters taking leadership. Cleaned up team section (removed parsing errors like "Bola Tinubu", "Emmanuel Macron" which were incorrectly parsed). Upgraded from Low to Medium confidence.
  • 2026-01-15Auto-generated from principal Mike Adenuga

Engagement & Preferences