Tony Elumelu Biography, Age ,Net Worth, Wiki, Real Name, Children, Instagram, Parents, partner

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Tony Elumelu, born on March 22, 1963, in Jos, Plateau State, Nigeria, is a prominent African entrepreneur and philanthropist. Raised by entrepreneur parents, he has made significant contributions to the business world and social development. This blog post explores Tony Elumelu’s background, professional career, family life, investments, foundation, and achievements.

Tony Elumelu’ Early Life and Education

Tony Elumelu hails from Onicha-Ukwu in Delta State, Nigeria, and was raised alongside his four siblings. He earned an honors degree in Economics from Ambrose Alli University and later pursued a master’s degree in Economics from Lagos State University. Additionally, he gained academic exposure from prestigious institutions such as Harvard Business School, the International Institute of Management Development (IMD) in Switzerland, and the Singapore Institute of Management (SIM).

Tony Elumelu’ Family Life

In 1993, Tony Elumelu married Awele Vivien Elumelu, a medical doctor, and they are blessed with seven children. The family includes five daughters and two sons, including a set of twins.

Professional Career and Investments

Tony Elumelu commenced his banking career at Union Bank of Nigeria Plc in 1985, marking the beginning of a remarkable journey. He achieved a major breakthrough by leading the largest merger in the Sub-Saharan African banking sector, acquiring the United Bank for Africa (UBA). Under his leadership, UBA transformed into a Pan African institution, serving over seven million customers in nineteen African countries.

After retiring from UBA in 2010, Elumelu founded Heir Holdings, a company with investments in financial services, energy, real estate, hospitality, healthcare, and agribusiness. He also played a pivotal role in acquiring a controlling interest in Transnational Corporation of Nigeria Plc (Transcorp).

Tony Elumelu’ Philanthropy and Foundation

Tony Elumelu is the founder of the Tony Elumelu Foundation, an Africa-based and African-funded philanthropic organization. The foundation focuses on promoting excellence in business leadership and entrepreneurship, aiming to demonstrate the private sector’s potential as the primary driver of economic development in Africa.

Tony Elumelu’ Recognition and Awards

As a renowned entrepreneur, Tony Elumelu has received numerous awards, including the National Honour of Commander of the Order of the Niger (CON), recognition as one of Africa’s 20 Most Powerful People by Forbes Magazine, and the Dwight D. Eisenhower Global Entrepreneurship Award.

Tony Elumelu’ Net Worth

With a diverse portfolio of successful business ventures, Tony Elumelu boasts an estimated net worth of $1.4 billion.

Tony Elumelu’s Books

In addition to his business ventures, Elumelu has shared his insights and philosophies on economic development in various global publications, including the Economist, the Wall Street Journal, and the Financial Times. His testimonial, “The Power of Vision,” provides a glimpse into his life and achievements.

Frequently Asked Questions (FAQs)

Q1: How many children does Tony Elumelu have? A: Tony Elumelu is blessed with seven children, including five daughters and two sons (twins).

Q2: What is the focus of the Tony Elumelu Foundation? A: The Tony Elumelu Foundation focuses on promoting excellence in business leadership and entrepreneurship in Africa.

Q3: What is Tony Elumelu’s net worth? A: Tony Elumelu’s estimated net worth is $1.4 billion, built from his diverse business channels.


Tony Elumelu’s journey from a youth corps member to a visionary business leader and philanthropist is truly inspiring. His impact on the African business landscape and commitment to social development continue to make a lasting difference.