Mike Adenuga is one of Nigeria’s most prominent and successful businessmen, with diversified interests in telecommunications, oil, construction, gas, and real estate. At 75 and with over 40 years in business, Mike Adenuga has remained on Forbes’ and Bloomberg’s billionaire lists, not only as Nigeria’s richest businessman but also as one of Africa’s wealthiest people. For Mike Adenuga’s family, his children and grandchildren, and the role each one plays in the Mike Adenuga business. Each member plays a role in the Mike Adenuga business.
Who is Mike Adenuga?
Mike Adenuga is the CEO and founder of a business he started by selling lace fabrics and importable removable radio stereos, then branching into oil and telecommunications, building a multibillion-dollar empire that has earned him a top spot on Africa’s billionaire list.
With substantial business interests in Globacom, Conoil, and Jun, and substantial shares in Sterling Bank Plc, which are all successful businesses he built after once upon a time, he drove cabs for a couple of years to pay for his education.
Mike Adenuga Net Worth 2026 and Source of Wealth
Mike Adenuga was born to a schoolteacher father and a businesswoman mother from Ijebu. To support himself while earning his bachelor’s degree in Business Administration from Northwestern Oklahoma State University, he worked as a cab driver. After returning to Nigeria in 1974, he identified a market gap in car stereos and air conditioners. He quickly grew his business, becoming Africa’s largest car stereo importer by his late twenties. Over more than forty years, Adenuga expanded his ventures into one of the most diversified and profitable business empires in Africa. Below are some of his main business interests.
Consolidated Oil (Conoil)
In 1991, just one year after obtaining its drilling license, Mike Adenuga’s company, Consolidated Oil, struck oil in Southwestern Ondo State. Over the years, Conoil has grown into one of Nigeria’s leading petroleum marketing companies, selling gasoline, kerosene, diesel, and aviation fuel. The company also produces and markets lubricants under the brand name Quatro. With filling stations across the country, Conoil generates an estimated $2.9 billion in net income.
Global Com
After its first GSM license was issued and revoked between 1999 and 2000, Mike Adenuga’s company tried again in 2003 and launched Globacom. Globacom has since become the second-largest telecom operator in Nigeria and has expanded to other African countries like Ghana and Benin. The company now boasts 19.1 million subscribers and nearly $1.2 billion in annual revenue.
Real Estate: Mike Adenuga Banana Island mansion
Mike Adenuga’s Banana Island mansion is easily the most expensive house on Banana Island. the eastate sits on near five heactre of water front properties, and spots several family and guest house, a helipad, private church and mosque, pools and more, the property is estimated to be worth ofver 50million dollars/
The Adenugas family real estate investments also include the Cobble-stone properties and real eastate limited with eastate in Victoria Island, Ikoyi and Miatama abiuja, the realstate firm is headed by Bela Disu.
The Mike Adenuga Family Tree
Parents & siblings Wives & children Bella Disu’s branch
† deceased
Parents & Siblings
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Oloye Michael Agbolade Adenuga Sr. & Omoba Juliana Oyindamola Adenuga †-
Mrs. E.O. “Aunty Olu” Osunsade † -
Otunba Yetunde Adegbola -
Dr. Michael Adeniyi Agbolade Ishola Adenuga Jr.
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Mike Adenuga’s Wives & Children
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Dr. Michael Adeniyi Agbolade Ishola Adenuga Jr.
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Adefolake Emilia AdenugaFirst wife-
Adetutu Oyindamola “Oyin” Emilia Adenuga-
Ade OlufekoHusband
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Michael Babajide “Jide” Adenuga -
Tunde “Paddy” Adenuga -
Belinda “Bella” Ajoke Olubunmi Disu -
Eniola Adenuga
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Titi Joyce AdenugaSecond wife-
Abimbola Adenuga -
Folashade “Sade” Adenuga -
Adeniyi Richard Michael-Adenuga
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Bella Disu’s Branch
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Bella Disu & Jameel Disu
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Jaiye Disu -
Paris Disu -
Sloane Disu
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Mike Adenuga’s Wife: Emilia Marquis (Mike Adenuga’s First Wife)
Emilia Marquis, originally from Cross River State, was married to Mike Adenuga. Together, they have five children: Oyindamola, Babajide, Tunde (“Paddy”), Bella, and Eniola. Emilia keeps a low public profile, and little information about her personal life is publicly available.
Mike Adenuga’s Wife: Titi Joyce Adenuga (Mike Adenuga’s Second Wife)
Mike Adenuga’s second wife is Titi Joyce Adenuga, also known as Tizzle Girl. She is known for her impeccable fashion sense, warmth, and dedication to the Catholic faith. Titi was born to schoolteacher Madam Susannah Mebulaghanje Okome and Pa Elija Okome. She famously met her husband while serving as a youth corper at Devcom Merchant Bank. Besides her role as a founding member of Brozuel, Titi Joyce Adenuga is also a popular dancer at the Okere ‘Olori Ujo’
Titi Joyce Adenuga is more public and forward as Mike Adenuga’s wife. The pair have two children, Folashade (Sade) and Adeniyi Adenuga. Titi Joyce Adenuga is 60 years old.
Paddy Adenuga
Paddy Adenuga was born in London, England, and raised in Lagos State, Nigeria, until he was 10, when he relocated to Harlingen, Texas, to attend the prestigious Marine Military Academy (MMA). Paddy is highly intelligent; he graduated high school and earned his bachelor’s degree in Business Management at 18.University of Massachusetts Boston
Over the years, he held several positions within and outside the Mike Adenuga Group from 2002 to 2012, including co-CEO of GLO & ConOil Producing. In between heading and founding Pegasus Capital Investments Limited, Paddy Adenuga makes time for screenwriting, a passion. He has nurtured it since he was 15. His mother, Emelia Adenuga, is from Calabar, Cross River State.
Belinda Ajoke Olubunmi Adenuga (Bella Disu): Mike Adenuga, Folake Adenuga
Bella Disu, born Belinda Ajoke Olubunmi Adenuga, is married to businessman Jameel Dis. She serves as the Executive Vice Chairman of Globacom and is passionate about philanthropy through the Beladisu Foundation, which partners with other organisations to support children in need. Bella is also a children’s book author, having written ‘Soso and The Kako Leaf.’ She is a mother of two, both born in 2014.
Eniola Adenuga
Eniola Adenuga is the CEO of VTel and has invested in creating a future for himself outside of his father’s dynasty. He founded the telecommunications company in June 2018. His portfolio also includes a substantial investment of over $500,000 in solar power generation. Beyond his success as a CEO, Eniola is single and considered one of Nigeria’s most eligible bachelors. Eniola is a father of two children, whom he shares with Ogun Maggie and Damilola Ogun. He was involved in a brief custody battle with Ogun Maggie in 2016 over their now 13-year-old daughter. Date of birth: 29 March 1990. Emelia Adefolake Marquis.
Like his siblings, Eniola was appointed Executive Director of Conoil Producing Limited when he was 21 years old. He also served as Group Executive Director at Globacom from December 2018 to June 2020.
Prince Michael Babajide Adenuga
With an estimated net worth of about 12 million dollars, Jide Adenuga is Prince Michael Babajide, known as Jide Adenuga, the first son of Mike Adenuga, and is a junior, named after his father. In addition to serving as chairman of Globacom and is a former director of Conoil
Afolasade Michael-Adenuga
The bride, Sade Adenuga, is a certified Barrister and Solicitor of the Supreme Court of Nigeria. She married her beau, Adebola Ogunsanya, on October 28, 2024. She is the youngest daughter of the business tycoon and was called to the Bar in December 2017. On the business front, Afolasade joined as Group Executive Director (Legal) at Globacom and is a board member of Globacom and Conoil.
Adetutu Oyindamola Emilia Olufeko
Adetutu Oyindamola Emilia Olufeko is the first child and daughter of the business mogul and Emilia Marquis. She is a businesswoman and married Adeolu Abayomi Olufeko in July 2017.
Abimbola Michael Adenuga
She is the group executive director and the only child on the board of directors at CONOIL Plc. Abimbola Adenuga is the MD/CEO of Nuga First Investment Limited … She shares a birthday month with her father, and they celebrate their birthdays together.
Mike Adenuga: Awards & Recognition
Mike Adenuga has earned several national awards and business awards on local and international stages, including:
- Grand Commander of the Order of the Niger (GCON), conferred in 2012.
- Commander of the Legion of Honour. A French national honour presented to him by President Emmanuel Macron in 2018.
- Companion of the Star of Ghana (CSG), a Ghanaian honour he received in 2018.
Frequently asked questions about Mike Adenuga.
Who is Mike Adenuga’s wife?
Mike Adenuga has been married twice: Adefolake Emilia Marquis as his first wife, and Titi Joyce Adenuga (née Adewale) as his second wife. There is no credible information on whether Mike is still married to the two women or has ever been divorced.
How Many Children Does Mike Adenuga Have?
Mike has seven children:
Mike Adenuga’s daughters
Bella, Afolasade, and Abimbola
Mike Adenuga’s sons
Paddy, Babajide, and Adeniyi profiles
What is Mike Adenuga’s net worth?
Forbes estimates US$6.3 billion in August 2025.
Mariam Emily Adama is a copywriter, SEO strategist, and digital marketer passionate about using words to inform, inspire, and influence. With over seven years of experience writing for global brands and managing digital campaigns, she brings a data-driven yet creative approach to content creation. When she’s not writing or analyzing trends, Mariam enjoys exploring new cultures, reading, and documenting stories that celebrate African excellence.