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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 ur view.

Impactors Profile - Enterpise Category
Managed by: Abolore Salami 070 3516 1800, 07027 455 973 aboloresalami@gmail.com

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

It is an open fact that Mike Adenuga is richer than Dangote, the hypothesis you propound not withstanding.
The analysis is faulty

Your analysis is faulty. There is no doubt that Adenuga is rich your analysis shows nothing to confirm him the richest man in Africa.

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.

larrytuche:

[color=#990000][/color]
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)

kindly cite your authority please.
thanks

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.

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.

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What of Deinde Fernandez, the guy at Orascom and David Oyedepo?

What of Deinde Fernandez, the guy at Orascom, Harry Akande and David Oyedepo?

He is definitely not the richest in Africa.

Harry Akande

LOL, LOL, LOL, LOL, , 419 Billionaire , living on fake credit, Harry Ko, William ni, LOL.