Age, Biography and Wiki

Tony Elumelu (Anthony Onyemaechi Elumelu) was born on 22 March, 1963 in Jos, Northern Region, Nigeria (now in Plateau State, Nigeria), is a Nigerian business person (born 1963). Discover Tony Elumelu's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 60 years old?

Popular As Anthony Onyemaechi Elumelu
Occupation Founder, The Tony Elumelu Foundation
Age 60 years old
Zodiac Sign Aries
Born 22 March, 1963
Birthday 22 March
Birthplace Jos, Northern Region, Nigeria (now in Plateau State, Nigeria)
Nationality Nigeria

We recommend you to check the complete list of Famous People born on 22 March. He is a member of famous Chairman with the age 60 years old group. He one of the Richest Chairman who was born in Nigeria.

Tony Elumelu Height, Weight & Measurements

At 60 years old, Tony Elumelu height not available right now. We will update Tony Elumelu's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Tony Elumelu's Wife?

His wife is Awele Vivian Elumelu (m. 1993)

Family
Parents Not Available
Wife Awele Vivian Elumelu (m. 1993)
Sibling Not Available
Children Ogor Elumelu, Onyinye Elumelu, Oge Elumelu, Ugo Elumelu, Nneka Elumelu

Tony Elumelu Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Tony Elumelu worth at the age of 60 years old? Tony Elumelu’s income source is mostly from being a successful Chairman. He is from Nigeria. We have estimated Tony Elumelu's net worth, money, salary, income, and assets.

Net Worth in 2024 US$900 million (January 2020)
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Chairman

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Timeline

1963

Anthony Onyemaechi Elumelu also known as Tony O. Elumelu (born 22 March 1963) is a Nigerian economist, and philanthropist.

He chairs Heirs Holdings, Transcorp, United Bank for Africa (UBA) and is the founder of The Tony Elumelu Foundation.

Elumelu was born in Jos, Plateau, Nigeria, on 22 March 1963, to Suzanne and Dominic Elumelu from Onicha-Ukwu in Aniocha North Local Government Area of Delta State.

He grew up with four siblings, one of whom is Ndudi Elumelu, a minority leader in the Nigerian Federal House of Representatives.

He studied Economics at Bendel State University (now Ambrose Alli University) obtaining a Bachelor of Science with a Lower Second Class (2:2).

Afterward, he studied and received a Master of Science degree in Economics at the University of Lagos.

1985

Elumelu worked in the Nigerian Bank Union Bank as a Youth Corp member during his National Youth Service Corps in 1985, before starting his career as a salesman.

Elumelu subsequently joined Allstates Trust Bank.

1997

In 1997, Elumelu led a small group of investors to take over a struggling Crystal Bank (later renamed Standard Trust Bank).

2005

in 2005 and United Bank for Africa (UBA) was acquired afterwards.

On his early career, he has said:"I started my career as a salesman, a copier salesman to be specific, young, hungry, and hardworking, but the reality was that I was just one of the thousands of young Nigerian graduates, all eager to succeed."

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).

Following the merger of Standard Trust Bank and United Bank for Africa in 2005, Elumelu led the company as Group Managing Director from a single-country banking group to a pan-African bank with subsidiaries in 20 African countries, France, the U.S and the U.K, eventually stepping down in 2010.

Elumelu currently chairs the board of the United Bank for Africa.

The National Council on Privatization (NCP), which is chaired by the former Vice President of Nigeria Prof. Yemi Osinbajo, handed over full ownership of Transcorp Hotels to the Chairman after fulfilling all privatization conditions attached to the sale of the property in 2005.

2010

In 2010, he founded Heirs Holdings, his family-owned investment holding company.

Elumelu also established in the same year the Tony Elumelu Foundation, an Africa-based foundation championing entrepreneurship in Africa.

Heirs Holdings maintains a portfolio of investments across several sectors.

Through Heirs Holdings, Elumelu holds a controlling interest in Transnational Corporation, a diversified conglomerate with business interests in Power, Hospitality and Energy.

On April 14, 2021, Elumelu was officially handed the Certificate of Discharge of the iconic hospitality facility.

Following his retirement from United Bank for Africa in 2010, Elumelu founded The Tony Elumelu Foundation.

The Tony Elumelu Foundation promotes entrepreneurship in Africa.

The Tony Elumelu Foundation’s belief that the private sector’s role is critical for Africa’s development is hinged on the economic philosophy of Africapitalism, which was introduced by Elumelu; "that the African private sector has the power to transform the continent through long-term investments, creating both economic prosperity and social wealth."

2015

In 2015, Elumelu committed $100 million to create 10,000 entrepreneurs across Africa over the next 10 years through the Tony Elumelu Foundation Entrepreneurship Programme - a Pan-African entrepreneurship initiative designed to empower African entrepreneurs through a multi-year programme of training, funding, and mentoring.

Elumelu has received recognition and praise for his contributions to business and entrepreneurship.

2020

In 2020, Elumelu was named on Time's list of the 100 most influential people in the world.