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Mike Adenuga Loses N448Billion In Net Worth In One Week As Dangote Gained N84Billion

mike adenuga loses N448billion net worth

June 27, 2016 – Mike Adenuga Loses N448Billion From Net Worth In One Week As Dangote Gained N84Billion

Like a dream of the night, Nigerian billionaire Mike Adenuga has suffered a huge loss in net worth.

The fluctuating exchange rate which began on June 20 has cost Adenuga a fortune. The Globacom boss reportedly lost $1.6billion within a week while Aliko Dangote gained $300million.

Folorunsho Alakija on the other hand retained her $1.7billion net worth.

Adenuga’s net worth dropped from $8.9 billion to $7.3 billion, a total of $1.6 billion.



  1. betty

    June 27, 2016 at 8:34 PM

    Heya, God will replenish it

  2. Nelson

    June 27, 2016 at 8:54 PM

    The rich also cry,but come to think of it,N448 billion is good money man.One would have expected that the fluctuating exchange rate would hit so hard and have negative impact on many businesses.This is surely not good time for many business owners.Sorry baba olowo.God will replenish your loss in hundred folds.You need not get yourself stressed up,those are part of live challenges that would make you get stronger and stronger.

  3. Jay

    June 27, 2016 at 9:44 PM

    Google reports his net worth is 3.5b. at naijagist where una get ur info na.

  4. Danti

    June 27, 2016 at 9:51 PM

    When your investments worth less than it was yesterday; it is said to loss value, but when you sell below cost price then you sold at a loss. So, Chief did not loss any money, but his investments worth less due to forex exchange and stock market riotous price decline.

  5. fifelomo

    June 27, 2016 at 10:22 PM

    This is the case of the rich also cry.

    • Konga

      June 28, 2016 at 12:21 AM

      Rephrasing your statement….The thief also cry…….

    • Bokem

      June 28, 2016 at 2:54 AM

      but i don’t see ant tears in his eyes

  6. Truce

    June 27, 2016 at 10:53 PM

    It is well, people talking about billions while some are dying bcos they can’t afford 50naira gari.
    Why pity them for loosing anythg, we need this people to be their brothers keeper. Not cryg over loss of money that some people will never dream of seeing in d next generation to come.

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