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Tonye Cole Net Worth 2024



Tonye Cole net worth

what is Tonye Cole Net Worth 2024?

Tonye Patrick Cole happens to be the Group Executive Director Emeritus and also the Co-founder of Sahara Group. The Sahara group is an energy group of companies that was established to oversee the operations pertaining to energy chain in Nigeria and other West African countries and East Africa.

Tonye Cole Net Worth

Net worth$500 million
Date of birthJanuary 11, 1967
Full nameTonye Patrick Cole

As of 2024, Tonye Cole net worth is valued at $500 million making him one of the richest people in Nigeria.

Tonye also played a great role in piloting the building of the global expansion, as well as upholding the Group’s corporate governance principles.

He was an eccentric figure of PA I (partnering Against Corruption Initiative), The African Philanthropy Forum, The United Nations, amongst other prominent positions.

You won’t be wrong to conclude that Tonye Cole as seen all there is to see as far as wealth, prominence and power is concerned.

Tony outstanding virtues and  hard work has helped him in his journey to success. This article brings you thrilling facts about his life, career and net worth.

Tonye Cole biography

Tonye Patrick Cole was born 11 January 1967, in Abonnema, Rivers State, Nigeria to his parentsMr and Mrs Patrick Dele Cole who wasformer MD of Daily Times Newspaper. When it comes to education, Tonye Cole was privileged to attend the best schools including Harvard Business School, University of Brasília, University of Lagos, King’s Ely, King’s College, Lagos, Corona School, Lagos.

Tonye Cole Careers

Tonye Cole began his career at GrupoQuartro SA in Brazil as an Architect, from 1990-1992. He was very instrumental in the design and execution of the urban planning and city development of the capital city to the state of Toca tins by the name Palmas.

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On his return to Nigeria in 1993, Tonye Cole was appointed the Director of Operations with Nigerian Office OF Empress a Sul Americana de Montagens (the Brazilian Civil Engineering company which is reported to be the 7th largest engineering firm in Brazil, a company that won a World Bank award.

Tonye also launched his “Nehemiah Project”, a project named after Nehemiah of old. He is also the co-founder of Sahara Group which was founded in 1996. He is also a member of the private sector advisory group of the United Nations Fund for Sustainable Development (UN SDG-F). and he was appointed to the World Bank Group (WBG) Advisory Board on Citizen Engagement. He served as a board member for Atlas Mara, Bloomberg TV Africa, Enactus Nigeria, Nigerian Chamber of Shipping and Digital Jewels.

In addition to founding and running one of Nigeria’s largest energy conglomerates, he also spearheaded and developed work carried out for the Sahara Foundation globally. He continues working to inspire the youth of Africa through charities such as his NGO, Nehemiah Youth Empowerment initiative,

 which aims to influence change in Africa by bringing together young and emerging leaders to develop and implement practical strategies that will produce positive outcomes for millions and more recently, Behavioral Health Institute (BHI) that he set up for the study and management of behavioral health issues especially among the youths in Nigeria.

Tonye Cole net worth is valued at $500 million

In addition, he works closely with a number of foundations in Nigeria including the Down Syndrome Foundation, Slum-2-School Foundation, The Compassionate Center and various orphanages. He served as a board member for Atlas Mara, Bloomberg TV Africa, Enactus Nigeria, Nigerian Chamber of Shipping and Digital Jewels.

 He is also a member the Private Sector Advisory Group of the United Nations Sustainable Development Fund (UN SDG-F).

 and He was appointed to the World Bank Group’s (WBG) Expert Advisory Council on Citizen Engagement

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Tonye Cole Wife and Family

Tonye Cole was married to his lovely wife Sylvia Cole, whom he has three lovely kids with by name Vanessa Cole, TJ Cole, Serena Cole.


  • African Property Awards/Bloomberg TV For Highly Commendable Office Architecture
  • 2011 Ernst & Young Entrepreneur Of The Year Finalist
  • 2010 Thisday Award As Young Global Champions In Oil And Gas
  • 2009 Role Model Award By We Are The Future Of Our Nation In Recognition Of Contribution In Oil And Gas Sector.
  • Role Model Award By We Are The Future Of Our Nation In Recognition Of Contribution In Oil And Gas Sector
  • 2007 Merit Award By University Of Lagos Alumni Association For Outstanding Contributions And Commitment To National Development

Tonye Cole’s Political career

He won the primaries under the national ruling All Progressives Congress (APC) party and declared himself the flag bearer, but due to protracted litigation between the parties, the party was suspended and the courts prevented it from voting.

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Tonye Cole Net Worth

As of 2024, Tonye Cole net worth is valued at $500 million making him one of the richest businessmen in Nigeria.

Tonye Cole has motivated and inspired so many to succeed. Having looked at his life and career, we can see that hard work, diligence, determination, and focus really pays.

What is Tonye Cole tribe?

onye Cole is Kalabari by tribe in Rivers State, Nigeria. Tonye Cole was born in Port Harcourt, Rivers state on the 11 January 1967.