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Tony Elumelu Net Worth

Tony Elumelu Net Worth 2023: Tony Onyemaechi Elumelu is an African economist, entrepreneur, and philanthropist. Keep reading to find more about Tony Elumelu net worth here. He is the chairman of Heirs Holdings, the United Bank for Africa,Transcorp and founder of The Tony Elumelu Foundation.

Tony Elumelu Net Worth

Tony Elumelu Net Worth $700 million
Date of birth22 March 1963
OccupationEconomist
NationalityNigerian

As of 2023, Tony Elumelu net worth is valued at $700 million. Anthony Onyemaechi Elumelu CON MFR is a Nigerian economist, and philanthropist. He chairs Heirs Holdings, Transcorp and founder of The Tony Elumelu Foundation

Tony Elumelu Profile

Elumelu was born in Jos, Plateau State, Nigeria, in 1963. He hails from Onicha-Ukwu in Aniocha North Local Government Area of Delta State.

Tony Elumelu net worth
Tony Elumelu Net Worth

He has two degrees in economics from Nigerian universities, a bachelor’s degree from Ambrose Alli University and a master of science degree from the University of Lagos.

 Elumelu married Awele Vivien Elumelu, a medical doctor, in 1993, and they have seven children together.

He has four siblings, one of whom is Ndudi Elumelu, a member of the Nigerian Federal House of Representatives.

Career

Elumelu started his career in Union Bank as a Youth Corp member of the National Youth Service Corps in 1985. in In his early career, Elumelu acquired Standard Trust Bank  in 2005 and United Bank for Africa (UBA) was acquired afterwards.

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Following his retirement from UBA in 2010, Elumelu founded Heirs Holdings, which invests in the financial services, energy, real estate and hospitality, agribusiness, and healthcare sectors. In the same year, he established the Tony Elumelu Foundation, an Africa-based and African-funded philanthropic organisation.

Elumelu serves as an advisor to the USAID’s Private Capital Group for Africa (PCGA) Partners Forum. He sits on the Nigerian President’s Agricultural Transformation Implementation Council (ATIC).

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He is also vice-chairman of the National Competitiveness Council of Nigeria (NCCN) whose formation he was a key driver in, and serves as Co-Chair of the Aspen Institute Dialogue Series on Global Food Security.

He additionally chairs the Ministerial Committee to establish world-class hospitals and diagnostic centres across Nigeria, at the invitation of the Federal Government and the Presidential Jobs Board, engineered to create 3 million jobs in one year. 

He also serves as a member of the Global Advisory Board of the United Nations Sustainable Energy for All Initiative (SE4ALL) and USAID’s Private Capital Group for Africa Partners Forum.

He was one of the co-chairs of the 26th World Economic Forum on Africa in Kigali, Rwanda, from 11 to 13 May 2016. He was named in TIME 100 most influential people in the world.

Elumelu founded The Tony Elumelu Foundation in 2010

Tony Elumelu Net Worth

Tony Elumelu Net Worth 2023 is $700 million. He is one of the wealthiest entrepreneurs in Nigeria.

Tony has contributed a lot to the growth of the Nigerian Economy. He has received many honors and recognition for his work.

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Among the accolades Tony has received includes;

 the Federal Government of Nigeria granted Elumelu the title of Member of the Order of the Federal Republic (MFR), a national honour. 

In 2006, he won the African Business Leader of The Year award conferred by the United Kingdom-based magazine, Africa Investor.

In 2009, the Nigerian President Umaru Musa Yar’adua asked him to serve on the Presidential Committee on the Global Financial Crisis.

In 2012, he was awarded the National Honour of Commander of the Order of the Niger (CON) for his service in promoting private enterprise. 

At the 5th edition of the annual Economic Forum of the Ivorian National Council of Employers, CGECI Academy, (CGECI) in Abidjan in April 2016, he was awarded a Lifetime Achievement Award.

 Also, in 2016, he was awarded the ‘daily times, Nigerian man of the year.’

As of 2023, Tony Elumelu net worth is valued at $700 million. Anthony Onyemaechi Elumelu CON MFR is a Nigerian economist, and philanthropist. He chairs Heirs Holdings, Transcorp and founder of The Tony Elumelu Foundation

Does Tony Elumelu have a private jet?

Tony Elumelu is among the league of private jet owners. The popular banker has a Falcon 7X private jet to his fleet of exotic ‘toys’. Those who have seen the new acquisition say it is one of the most luxurious.

Which bank is owned by Tony Elumelu?

Tony O. Elumelu is an entrepreneur and a philanthropist. The chairman of Heirs Holdings, United Bank for Africa Plc and Transcorp Nigeria Plc.

How did Tony Elumelu become a billionaire?

In 1997, Elumelu led a small group of investors to take over a struggling Crystal Bank (later renamed Standard Trust Bank). He turned it profitable within a few years and in 2005 he led one of the largest mergers in the banking sector in Sub-Saharan Africa by acquiring United Bank for Africa (UBA).

Is Tony Elumelu a billionaire?

As of 2023, Tony Elumelu net worth is valued at $700 million. Anthony Onyemaechi Elumelu CON MFR is a Nigerian economist, and philanthropist. He is not yet a billionaire according to this stated net worth.

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Source: Glusea

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