Mike Adenuga
Source of wealth: Telecom, oil
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The scale of their wealth
Health
The price of life
Let's compare Mike Adenuga's fortune with the healthcare spending of a massive country
Mike Adenuga could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.0 years.
But even if we compare their fortune with that of a rich country
On the other end, Mike Adenuga could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.3 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Mike Adenuga could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.9 years.
And yes, we can also compare it with a rich country
But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Mike Adenuga could pay for it entirely for 2.6 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Mike Adenuga could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 11.1 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Mike Adenuga with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.2 years.
Gold
Everyday luxuries
Mike Adenuga's fortune is equivalent to 45 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.
A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.
Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.
Mike Adenuga could buy 12,095,753 gold rings. That's a lot of fingers and way too many gifts!!
And if you're struggling to visualize that many rings, it would take 2 trucks to transport them. Although Mike Adenuga will almost certainly have enough money left over to pay for the gas.
Biography
Mike Adenuga built his fortune in telecommunications and oil production.
His mobile phone network, Globacom, is the third-largest operator in Nigeria, with more than 17 million subscribers.
His oil exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta.
Globacom also built Glo-1, a 6,100-mile-long submarine Internet cable to the U.K. via Ghana and Portugal.
Adenuga also owns 74% of publicly traded gasoline firm Conoil and just under 6% of publicly traded Nigerian bank Sterling Financial Holding.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison