Mike Adenuga - Richest Nigerian? Where Is Dangote? Mike Now Africa's #1!

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Nairaland Forum  |  General | Welcome  |  Money (Moderators: FOD, naijacutee)  |  Mike Adenuga - Richest Nigerian? Where Is Dangote? Mike Now Africa's #1!
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Author Topic: Mike Adenuga - Richest Nigerian? Where Is Dangote? Mike Now Africa's #1!  (Read 1763 views)
larrytuche
Mike Adenuga - Richest Nigerian? Where Is Dangote? Mike Now Africa's #1!
« on: December 28, 2008, 08:01 PM »


Nigeria's Richest: by Impactors
Mike Adenuga of Globacom Limited is now Nigeria's richest person worthing a thumping some of five hundred and forty billion naira; What?! YES: 540billion naira = $4.5b approx. This came from a reliable estimate statistics that I wish we could all look into considering how much money is spent making fone calls everyday.

Adenuga was able to achieve this record to lead the "now" former richest Nigerian and indeed the richest African living in Africa, Aliko Dangote of Dangote Group due to the recent drop in share value of the shares of some of Dangote's companies.

The Math Proof / Justification: 100 * 1,000,000= 100,000,000 daily rough estimate
                                                = 3b naira monthly * 365 - Companies expenses and Taxes
                                                = 540b naira. Digg it
Is this true? Air / Argue your view.

Impactors Profile - Enterpise Category
Managed by: Abolore Salami 070 3516 1800, 07027 455 973 aboloresalami@gmail.com
frankiriri (m)
Re: Mike Adenuga - Richest Nigerian? Where Is Dangote? Mike Now Africa's #1!
« #1 on: December 30, 2008, 07:53 AM »

Your analysis is faulty. You cant project somebody's wealth from the turnover of the company that they own. Even if he owns 100% of Glo, His net worth will not be more than the total shareholders funds of Glo. I suggest you grab a copy of their financial statements
frenchman (m)
Re: Mike Adenuga - Richest Nigerian? Where Is Dangote? Mike Now Africa's #1!
« #2 on: December 30, 2008, 03:46 PM »

It is an open fact that Mike Adenuga is richer than Dangote, the hypothesis you propound not withstanding.
The analysis is faulty
pito
Re: Mike Adenuga - Richest Nigerian? Where Is Dangote? Mike Now Africa's #1!
« #3 on: December 31, 2008, 03:52 AM »

Your analysis is faulty. There is no doubt that Adenuga is rich your analysis shows nothing to confirm him the richest man in Africa.
larrytuche
Re: Mike Adenuga - Richest Nigerian? Where Is Dangote? Mike Now Africa's #1!
« #4 on: December 31, 2008, 05:04 PM »

Pardon the misplacement. The analysis is not meant for an estimation of his wealth, but for a pick look. Thanks for all the response though.
afam4eva (m)
Re: Mike Adenuga - Richest Nigerian? Where Is Dangote? Mike Now Africa's #1!
« #5 on: January 01, 2009, 03:24 PM »

Quote from: larrytuche on December 28, 2008, 08:01 PM

Nigeria's Richest: by Impactors
Mike Adenuga of Globacom Limited is now Nigeria's richest person worthing a thumping some of five hundred and forty billion naira; What?! YES: 540billion naira = $4.5b approx. This came from a reliable estimate statistics that I wish we could all look into considering how much money is spent making phone calls everyday.

Where did you get your stats from.
Adenuga's wealth is no where close to Dangote's wealth, compare Adenuga with people like Onny Okonkwo(Reltel)
somidot (m)
Re: Mike Adenuga - Richest Nigerian? Where Is Dangote? Mike Now Africa's #1!
« #6 on: January 02, 2009, 03:51 AM »

kindly cite your authority please.
thanks Grin
frenchman (m)
Re: Mike Adenuga - Richest Nigerian? Where Is Dangote? Mike Now Africa's #1!
« #7 on: January 03, 2009, 02:24 PM »

How can someone compare Mike Adenuga's wealth with that of Okonkwo (Reltel,a struggling company)?
Reltel is not strong as ETB not alone Conoil or Glo, please let posters post reasonably.

sunboy (m)
Re: Mike Adenuga - Richest Nigerian? Where Is Dangote? Mike Now Africa's #1!
« #8 on: January 05, 2009, 12:47 AM »

Mike could be richest in Nigeria but not in Africa, where will you throw the egyptians? They still top Africa list. For check forbes.com for update.
Mass Optin (m)
Re: Mike Adenuga - Richest Nigerian? Where Is Dangote? Mike Now Africa's #1!
« #9 on: January 05, 2009, 05:48 AM »

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KingSola (m)
Re: Mike Adenuga - Richest Nigerian? Where Is Dangote? Mike Now Africa's #1!
« #10 on: January 08, 2009, 09:37 AM »

What of Deinde Fernandez, the guy at Orascom and David Oyedepo?
KingSola (m)
Re: Mike Adenuga - Richest Nigerian? Where Is Dangote? Mike Now Africa's #1!
« #11 on: January 08, 2009, 09:39 AM »

What of Deinde Fernandez, the guy at Orascom, Harry Akande and David Oyedepo?
NaijaEcash (m)
Re: Mike Adenuga - Richest Nigerian? Where Is Dangote? Mike Now Africa's #1!
« #12 on: January 08, 2009, 01:52 PM »

He is definitely not the richest in Africa.
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