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Tony Elumelu is a Nigerian successful entrepreneur who has been able to build influential ventures and has been able to accumulate a lot of wealth for himself.
He has grown into a popular figure in the country and is currently one of the richest people in Nigeria. Mr. Elumelu is the chairman of Heirs Holdings and his net worth is said to be in region of 1.98billion USD.
- Full Name: Tony Elumelu
- Nationality: Nigeria
- Date of Birth: March 22, 1963
- Occupation: Entrepreneur
- Place of Birth: Plateau State
- Net Worth: $1.98 Billion
Tony Elumelu Biography, Education and Family
Although Tony was born in Northern Nigeria shortly after the country gained independence from Britain (I.e on March 22,1963), his father is from Delta State and he remains a native of Onicha-Ukwu in the State.
He got his degree from Ambrose Alli University before moving to the prestigious University of Lagos for his Masters. Being a lover of knowledge, Tony proceeded to Harvard Business school in America for an advanced management programme.
Tony has a beautiful wife – Dr. Awele Vivian Elumelu, and their union has produced 5 girls!
Tony Elumelu As A Business Man
Just like various others, Tony didn’t just found himself at the top, but he started from the scratch too. It started with the acquisition of Crystal Bank Limited in 1997. Along the lines, the Bank became known as Standard Trust Bank before it was eventually merged with UBA in 2005.
Under him, the bank keeps growing in various important ramifications, and right now, it has several branches in different African countries as well as USA and the United Kingdom; it can boast of $2billon market capitalization as well as $12billon in assets.
He retired in year 2010 from United Bank of Africa to obey the instruction given by the country’s apex bank that forbids banking bosses from using beyond 10 years.
After that, he established Heirs Holdings. The firm has now grown into a very big one with investments in financial services, energy, real estate, and so on.
One of the things that made him a well-known person was his Tony Elumelu Foundation (TEF), which was established in 2010.
It was actually a non profit organization that was made to assist entrepreneurs, not only in Nigeria, but in Africa as a whole. It was founded to groomed these entrepreneurs into leaders in the private sector.
It should also be added that in year 2013, Mr Tony pledged to invest $2.5 billion in the “Power Africa” initiative brought up by the former President of the United States of America, Barack Obama. It was meant to expand energy in sub-Saharan Africa, as, it is known that many people in the region still lack constant power.
Tony Elumelu Awards and Recognition
Tony Elumelu’s good works haven’t gone unnoticed, but he has been applauded and honoured at various times. Some of his awards and recognition includes:
i. – Being was conferred with the title of Member of the Order of the Federal Republic (MFR) in 2003
ii. – Being Voted by Investor Magazine as African leader of the year (in 2016)
iii. – Being recognized as banker of the year by “African Banker Magazine” in 2008
iv. – Being awarded with National Honour of Commander of the Order of the Niger (CON) in 2012
v. – Being recognized as one of “Africa’s 20 Most Powerful People in 2012 by “Forbes” magazine
vi. – Being named amongst the 100 most influential Africans in Business by “New African Magazine”
Tony Elumelu Net Worth
What is Tony Elumelu net worth? Well, according to reports, he worth about $1.98billion, making him one of the richest persons in the country.
Other Positions Tony Elumelu Has Occupied
Considering what he has got to offer (which manifested in his ability to build world-class ventures), Tony has been appointed into certain positions both in Nigeria and abroad.
Some of them are :
i. – Advisor to the USAID’s Private Capital Group for Africa (PCGA) Partners Forum.
ii. – Co-Chair of the Aspen Institute Dialogue Series on Global Food Security.
iii. – President of Agricultural Transformation Implementation Council (ATIC).
iv. – Vice-chairman of the National Competitiveness Council of Nigeria (NCCN).
v. – Chairman, ad-hoc Ministerial Committee for the establishment of world-class hospitals and diagnostic centres across Nigeria.
vi. – Member, Global Advisory Board of the United Nations Sustainable Energy for All Initiative (SE4ALL) and USAID’s Private Capital Group for Africa Partners Forum.
vii. – He was one of the co-chairs of the 26th World Economic Forum on Africa in Kigali, Rwanda, from 11 to 13 May 2016.
viii. – He is co-chair of the Africa Energy Leaders’ Group (AELG).
ix. – In 2009, the late Nigerian President, Umaru Musa Yar’adua asked him to serve on the Presidential Committee on the Global Financial Crisis.