Tony Elumelu Biography, Age, Education, Religion, Net Worth, Wife, Children, Achievements.

Tony Elumelu Biography

Tony Elumelu is a prominent Nigerian economist, banker, and philanthropist. Here are the key details of his biography:

Early Life and Education

• Full Name: Anthony Onyemaechi Elumelu
• Date of Birth: March 22, 1963
• Place of Birth: Jos, Plateau State, Nigeria
• Parents: Suzanne and Dominic Elumelu
• Siblings: He has four siblings, including Ndudi Elumelu, a notable politician.

Tony Elumelu grew up in Jos and hails from Onicha-Ukwu in Aniocha North Local Government Area of Delta State. He earned a Bachelor of Science degree in Economics from Ambrose Alli University and a Master of Science degree in Economics from the University of Lagos. He also attended business programs at Harvard Business School, IMD in Switzerland, and the Singapore Institute of Management.

Career

Elumelu began his career as a salesman and later joined Union Bank as a corps member during his National Youth Service Corps. He gained prominence by leading a small group of investors to take over the struggling Crystal Bank, which was later renamed Standard Trust Bank. In 2005, he led one of the largest mergers in the banking sector in Sub-Saharan Africa by acquiring United Bank for Africa (UBA). Under his leadership, UBA expanded from a single-country bank to a pan-African institution with subsidiaries in 20 African countries.

Current Roles

• Chairman: Heirs Holdings, Transcorp, United Bank for Africa (UBA)
• Founder: The Tony Elumelu Foundation, which champions entrepreneurship across Africa.

Personal Life

• Spouse: Awele Vivian Elumelu (married since 1993)
• Children: Seven.

Achievements and Recognition

• Philanthropy: Through The Tony Elumelu Foundation, he has empowered thousands of entrepreneurs across Africa.
• Awards: Named on Time’s list of the 100 most influential people in the world in 2020.

Net Worth

Tony Elumelu is one of the wealthiest individuals in Nigeria, with significant investments across various sectors through Heirs Holdings.

Elumelu’s journey from a young salesman to a leading figure in African business and philanthropy is truly inspiring.

Tony Elumelu Age

Tony Elumelu was born on March 22, 1963. As of today, December 25, 2024, he is 61 years old.

Toni Elumelu Education

Tony Elumelu has a strong educational background in economics and business. Here are the details:

Educational Background

1. Bachelor’s Degree:

• Institution: Ambrose Alli University (formerly Bendel State University)
• Degree: Bachelor of Science in Economics
• Class of Degree: Lower Second Class (2:2

1. Master’s Degree:

• Institution: University of Lagos
• Degree: Master of Science in Economics

1. Executive Education:

• Harvard Business School: Completed various executive programs
• IMD Business School, Switzerland: Attended executive programs
• Singapore Institute of Management: Attended executive programs.

These educational experiences have equipped Tony Elumelu with the knowledge and skills that have significantly contributed to his successful career in banking, investment, and philanthropy.

Tony Elumelu Religion

Tony Elumelu is a devout Christian. He has often spoken about his faith and its influence on his life and work. Elumelu’s Christian beliefs are reflected in his values and philanthropic efforts, particularly through The Tony Elumelu Foundation, which aims to empower African entrepreneurs and promote economic development across the continent.

Tony Elumelu Net Worth

As of 2024, Tony Elumelu’s net worth is estimated to be around $700 million. Here are some details about his wealth:

Sources of Wealth

1. Heirs Holdings: A family-owned investment company with interests in various sectors including financial services, energy, real estate, and healthcare.
2. United Bank for Africa (UBA): A leading pan-African financial services group with operations in 20 African countries and offices in the United States, United Kingdom, and France.
3. Transcorp: A diversified conglomerate with investments in hospitality, agriculture, oil production, and power generation.
4. Real Estate: Extensive real estate holdings across Nigeria.
5. Minority Stake in MTN Nigeria: One of the largest telecommunications companies in Africa.

Assets

• Luxury Mansion: Tony Elumelu owns a luxurious mansion in Lagos, Nigeria.
• Private Jet: He owns a private jet for personal and business travel.
• Fleet of Cars: He has a collection of high-end vehicles.

Tony Elumelu’s strategic investments and leadership in various sectors have significantly contributed to his substantial net worth.

Tony Elumelu Wife

Tony Elumelu is married to Awele Vivian Elumelu, a distinguished Nigerian medical doctor and entrepreneur. Here are the details about her:

Early Life and Education

• Full Name: Awele Vivian Elumelu
• Date of Birth: June 23, 1970
• Age: 54 years old (as of 2024)
• Education:
• Bachelor of Medicine and Surgery: University of Benin, Benin City, Edo State, Nigeria
• Specializations: Obstetrics, Surgery, Pediatrics, and Gynecology

Career

• Medical Practice:
• Worked at Lagos University Teaching Hospital
• Worked at Grantham and District Hospital in the UK
• Current Roles:
• Chairperson: Avon Healthcare Limited
• CEO: Avon Medical Services Limited
• Investment Professional: Heirs Holdings Limited, overseeing healthcare investments.

Personal Life

• Marriage: Tony and Awele Vivian Elumelu got married in 1993. They met in the early 1990s when Tony was a mid-career banker.
• Children: They have seven children, including daughtersOge, Ogor, Onyinye, Ugo, and Nneka, and twin sons whose names are not publicly known.

Contributions and Recognition

• Philanthropy: Awele Vivian is also involved in philanthropic activities, supporting her husband’s initiatives through The Tony Elumelu Foundation.
• Balance: She is known for balancing her high-profile career with her roles as a dedicated mother and supportive wif.

Awele Vivian Elumelu is admired for her ability to manage her professional responsibilities while maintaining a strong family life.

Tony Elumelu Children

Tony Elumelu and his wife, Awele Vivian Elumelu, have seven children. Here are the details about their children:

Children

1. Oge Elumelu: One of the older daughters.
2. Ogor Elumelu: Another older daughter.
3. Onyinye Elumelu: One of the triplet daughters.
4. Nneka Elumelu: Another triplet daughter.
5. Ugo Elumelu: The third triplet daughter.
6. Twin Sons: The names of their twin sons are not publicly known.

The Elumelu family is known for maintaining a relatively private life despite Tony Elumelu’s high-profile career. The children are often kept out of the public eye, and there is limited information available about their personal lives and activities.

Tony Elumelu Achievements

Tony Elumelu has made significant contributions to business, entrepreneurship, and philanthropy. Here are the detailed achievements of his illustrious career:

Business and Banking

1. Standard Trust Bank: In 1997, Elumelu led a small group of investors to take over the struggling Crystal Bank, which was later renamed Standard Trust Bank. He turned it into one of the top five banks in Nigeria within a few years.
2. United Bank for Africa (UBA): In 2005, he orchestrated one of the largest mergers in the banking sector in Sub-Saharan Africa by acquiring UBA. Under his leadership, UBA expanded from a single-country bank to a pan-African institution with subsidiaries in 20 African countries, as well as offices in the United States, United Kingdom, and France.
3. Heirs Holdings: Founded in 2010, Heirs Holdings is a family-owned investment company with interests in various sectors including financial services, energy, real estate, and healthcare.
4. Transcorp: Elumelu holds a controlling interest in Transnational Corporation of Nigeria Plc (Transcorp), a diversified conglomerate with business interests in power, hospitality, and energy.

Philanthropy

1. The Tony Elumelu Foundation: Established in 2010, the foundation is dedicated to promoting entrepreneurship across Africa. The foundation’s flagship program, the Tony Elumelu Foundation Entrepreneurship Programme, has empowered thousands of entrepreneurs across the continent with training, mentorship, and seed capita.
2. Africapitalism: Elumelu is a strong advocate of Africapitalism, a philosophy that emphasizes the role of the private sector in driving economic and social development in Africa¹.

Awards and Honors

1. Member of the Order of the Federal Republic (MFR): Awarded by the Federal Government of Nigeria in 2003³.
2. Commander of the Order of the Niger (CON): Awarded in 2012 for his service in promoting private enterprise³.
3. Daily Times Nigerian Man of the Year: Awarded in 2016³.
4. Time 100 Most Influential People: Named one of Time magazine’s 100 most influential people in the world in 2020¹..

Other Recognitions

• Harvard Business School Alumni Achievement Award: Recognized for his contributions to business and society¹.
• Global Leadership Award: Presented by the U.S. Chamber of Commerce’s U.S.-Africa Business Center.

Tony Elumelu’s achievements reflect his commitment to transforming Africa through strategic investments and empowering the next generation of African entrepreneurs. Is there any specific achievement you would like to delve deeper into?

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