What is Atiku Abubakar net worth?
|Net worth||$1.8 billion|
|Date of birth||25 November 1946|
|Full name||Atiku Abubakar|
Atiku Abubakar net worth 2023 is valued at $1.8billion. He is one of the richest people in Nigeria. Atiku is a Nigerian politician and businessman who served as the vice president of Nigeria from 1999 to 2007 during the presidency of Olusegun Obasanjo
Atiku Abubakar ran unsuccessfully for President of Nigeria five times, in 1993, 2007, 2011, 2015, and 2019. He contested again in 2023.
Biography of Atiku Abubakar
Atiku Abubakar was born on 25 November 1946 in Jada, a village which was then under the administration of the British Cameroons – the territory later joined with the Federation of Nigeria in the 1961 British Cameroons referendum.
His father, Garba Abubakar was a Fulani trader and farmer, and his mother was Aisha Kande.
He was named after his paternal grandfather Atiku Abdulqadir who hails from Wurno, Sokoto State and migrated to Kojoli village at Jada, Adamawa State.
In 1957, his father died by drowning while crossing a river to Toungo, a neighbouring village to Jada
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Atiku Abubakar net worth is valued at $1.8billion
Atiku Started his education at the age of eight years. This was after his father had opposed western education and stopped him for attending school from his childhood.
He started his education at Jada Primary School, Adamawa. After completing his primary school education in 1960, he was admitted into Adamawa Provincial Secondary School in the same year, alongside 59 other students.
Atiku graduated from secondary school in 1965 after he made grade three in the West African Senior School Certificate Examination.
Following secondary school, Abubakar studied a short while at the Nigeria Police College in Kaduna. He would later leave the college to work as a Tax Officer in the Regional Ministry of Finance.
Atiku continued his education at the School of Hygiene in Kano in 1966. He graduated with a Diploma in 1967, having served as Interim Student Union President at the school.
In 1967 he enrolled for a Law Diploma at the Ahmadu Bello University Institute of Administration, on a scholarship from the regional government. After graduation in 1969, during the Nigerian Civil War, he was employed by the Nigeria Customs Service.
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Atiku Abubakar Career
Abubakar worked in the Nigeria Customs Service for twenty years, rising to become the Deputy Director.
In April 1989, Atiku retired from his job and took up full-time business and politics. He started out in the real estate business during his early days as a Customs Officer.
Without money to finance his real estate business, Atiku took a loan of 31,000 to build his first house. He put the house for rent and was able to raise money from it. He then invested the money to build more houses until he was able to finance more his business. The business fell on hard times and closed in 1986.
Abubakar’s most important business move came while he was a Customs Officer at the Apapa Ports. Gabrielle Volpi, an Italian businessman in Nigeria, invited him to set up Nigeria Container Services (NICOTES), a logistics company operating within the Ports. NICOTES would later go on to become Intels Nigeria Limited and provide immense wealth to Abubakar.
Conflict of interest accusations has since trailed him on account of his involvement in business while a civil servant, who exercised supervisory authority.
Atiku Abubakar net worth is valued at $1.8billion
Atiku’s Political Career
Abubakar’s first foray into politics was in the early 1980s, when he worked behind-the-scenes on the governorship campaign of Bamanga Tukur, who at that time was managing director of the Nigeria Ports Authority.
In 1989, Abubakar was elected the National Vice-Chairman of the Peoples Front of Nigeria in the build-up to the Third Nigerian Republic.
Abubakar won a seat to represent his constituency at the 1989 Constituent Assembly, set up to decide a new constitution for Nigeria.
Vice President of Nigeria
On 29 May 1999, Abubakar was sworn in as Vice President of Nigeria. His first term was mainly characterized by his role as Chairman of the National Economic Council and head of the National Council on Privatization, overseeing the sale of hundreds of loss-making and poorly managed public enterprises alongside Nasir El Rufai.
Abubakar’s second term as vice president was marked by a stormy relationship with President Obasanjo.
Atiku Abubakar net worth is valued at $1.8billion.
Atiku Abubakar wives
Abubakar has four wives and twenty eight children.
In 1971, he secretly married Titilayo Albert, in Lagos, because her family was initially opposed to the union.
His children from her include: Fatima, Adamu, Halima and Aminu. In 1979, he married Ladi Yakubu as his second wife. He has six children with Ladi: Abba, Atiku, Zainab, Ummi-Hauwa, Maryam and Rukaiyatu.
In 1983, he married his third wife, Princess Rukaiyatu, daughter of the Lamido of Adamawa, Aliyu Mustafa. The children from her are: Aisha, Hadiza, Aliyu (named after her late father), Asmau, Mustafa, Laila and Abdulsalam.
Abubakar later divorced Ladi, allowing him to marry, as his fourth wife (the maximum permitted him as a Muslim), Jennifer Iwenjiora Douglas.
In 1986, he married his fifth wife (but due to his earlier divorce to Ladi, only his fourth current wife), Fatima Shettima. Her children include: Amina (Meena), Mohammed and the twins Ahmed / Shehu, the twins Zainab / Aisha, and Hafsat.
On Tuesday, 1 February 2022, Jennifer Douglas confirmed her divorce to Abubakar in a statement. According to her, their union broke down due to disagreements over her continued stay in the United Kingdom, amongst other long-standing issues
Atiku Abubaker Net Worth
Atiku Abubakar net worth is valued at $1.8billion. He is one of the richest people in Nigeria.