The Richest Yoruba Man in Nigeria & Net Worth (2024)

Last updated on August 4th, 2023 at 08:15 pm

Wealthiest Yoruba Man in Nigeria 2024

We recently wrote on the richest Hausa man who we all know is Alhaji Dangote and the current wealthiest Igbo business man in Nigeria to balance the ethnicity. We also made a list of Nigeria’s billionaires 2023 who are seen as shakers of the economy.


This post therefore will reel out the richest man in Yoruba land in Nigeria and in the world, who made his wealth through business and not politics. It will also reveal his current estimated net worth according to Forbes.

Who is the richest Yoruba man in Nigeria today?

Mike Adenuga is the richest Yoruba man currently in Nigeria and is also the second richest man in the country with a net worth estimated at $7.2 billion USD.

He is the owner of the second largest telecommunications company in Nigeria – Globacom and the founder of ConOil.

His full names are Michael Adeniyi Agbolade Ishola Adenuga Jr but he is known as Chief Mike Adenuga.

Mike Adenuga, born on March 29, 1953 at Ibadan, had his primary school at Ibadan Grammar School, Ibadan. He worked as a taxi driver to sponsor his university education in the U.S. He graduated from Northwestern Oklahoma State University and Pace University, New York with degrees in Business Administration.

His business exploits started In 1990, after he received his drilling license for his company “consolidated oil” to dig oil from the shallow waters of Ondo state. Aside his popular telecommunication company, GLOBACOM, He is into different businesses in different sectors.

He also has many landed properties and even a private jet worth $51m which makes him one of the few richest Nigerian’s that owns a private jet. Nigeria’s richest yoruba man current net worth is estimated to be at $9.8 billion. You can learn more of Mike Adenuga’s Biography/Profile here

He has been on the rich list in Africa for some years now.

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Oluchi Chukwu

Oluchi is a seasoned Information blogger, content developer and the editor of Nigerian Queries. She is a tech enthusiast who loves reading, writing and research

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