[People Profile] All We Know About Tony Elumelu Biography: Age, Career, Spouse, Family, Net Worth
Tony Elumelu Biography: Age, Career, Spouse, Family, Net Worth
In This Review
Who is Tony Elumelu?
Anthony Onyemaechi Elumelu CFR is a distinguished Nigerian economist, banker, and philanthropist known for his significant contributions to the business and philanthropic sectors. He serves as the chairman of Heirs Holdings, Transcorp, and United Bank for Africa (UBA), where he has played a pivotal role in expanding their operations across Africa. Additionally, he is the founder of The Tony Elumelu Foundation, an organization dedicated to empowering African entrepreneurs. In recognition of his impact and influence, Elumelu was named one of Time magazine’s 100 most influential people in the world in 2020.
Profiling Tony Elumelu
A Quick Glance At Tony Elumelu| Full Names | Anthony Onyemaechi Elumelu |
| Stage Name | Tony Elumelu |
| Date Of Birth | 22 March 1963 |
| Age | 61 Years Old |
| Nationality | Nigerian |
| State of Origin | Delta State, Nigeria |
| Occupation | Economist, Investor, Chairman of United Bank for Africa |
| Spouse | Awele Vivian Elumelu (m. 1993) |
| Marital Status | Married |
| Academics | Ambrose Alli University University of Lagos |
| Net Worth | $1 billion |
Tony Elumelu Biography
Tony Elumelu, born on March 22, 1963, is a prominent figure in the African business landscape, widely recognized for his excellence and leadership. Also known as Anthony Onyemaechi Elumelu CFR, he is a distinguished investor, economist, philanthropist, and businessman whose entrepreneurial endeavors have significantly contributed to the economic development of the continent. As the founder and chairman of Heirs Holdings, a family-owned investment firm, Tony Elumelu is actively engaged in transforming Africa through strategic investments across key sectors, including finance, hospitality, power, energy, technology, and healthcare.
In addition to his role at Heirs Holdings, Tony Elumelu serves as the chairman of United Bank for Africa (UBA), a leading pan-African financial services group with operations in 20 countries worldwide, including the United States, France, the United Kingdom, and various African nations. UBA has established a reputation for delivering innovative and reliable banking services, with a strong emphasis on technology-driven solutions that cater to the evolving needs of its customers.
Under Tony Elumelu’s visionary leadership, UBA has emerged as one of Africa’s most respected and innovative financial institutions, uniquely standing out as the only African bank with a commercial branch in the United States. His forward-thinking approach and commitment to excellence have propelled the bank’s growth and success, inspiring a new generation of African entrepreneurs and business leaders.
Beyond his impressive business accomplishments, Tony Elumelu is deeply committed to sustainability and social responsibility. Through various initiatives and philanthropic efforts, he is dedicated to shaping a brighter future for Africa, fostering entrepreneurship, and empowering individuals to achieve their full potential. As a result, Tony Elumelu continues to be a beacon of hope and inspiration for millions across the continent, driving positive change and paving the way for a prosperous future.
Early Life And Education
Born on March 22, 1963, in the tranquil city of Jos, located in the Northern Region of Nigeria’s Plateau State, Anthony Onyemaechi Elumelu, commonly known as Tony Elumelu, has established himself as a prominent figure associated with excellence, investment, and philanthropy across the African continent.
Tony Elumelu grew up in a family of six, sharing his childhood with his siblings, one of whom, Ndudi Elumelu, has made a name for himself as the minority leader in the Nigerian Federal House of Representatives. His parents, Suzanne Elumelu and Dominic Elumelu are well-respected figures in the Nigerian business community, known for their commitment to ethical business practices and integrity. This nurturing environment played a significant role in shaping Tony Elumelu’s values and aspirations.
As a proud indigene of Onicha-Ukwu in Aniocha North Local Government Area of Delta State, Tony Elumelu’s thirst for knowledge propelled him toward higher education. He initially attended Bendel State University, which is now known as Ambrose Alli University, where he earned his Bachelor of Science degree in Economics. This academic achievement laid a strong foundation for his future endeavors in the world of business and investment.
Following his undergraduate studies, Tony Elumelu sought to deepen his understanding of economics further. He pursued a Master of Science degree in Economics from the University of Lagos, one of Nigeria’s premier institutions. This advanced education solidified his reputation as a man of academic excellence and equipped him with the analytical skills necessary for his subsequent career in finance and investment.
Through his early life experiences and educational pursuits, Tony Elumelu cultivated a vision for transforming Africa’s economic landscape, ultimately becoming a leading investor and philanthropist dedicated to fostering growth and development on the continent.
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Age
Tony Elumelu was born on March 22, 1963. As of 2024, he is 61 years old.
Career
Tony Elumelu’s career is marked by remarkable achievements in the fields of finance, investment, and philanthropy. His journey began after he graduated with a Bachelor of Science degree in Economics from Bendel State University (now Ambrose Alli University) and a Master of Science degree in Economics from the University of Lagos.
In the early 1990s, Tony Elumelu joined the banking sector as a young executive at the Commercial Bank of Africa. However, his breakthrough came in 1997 when he became the CEO of Standard Trust Bank. Under his leadership, the bank experienced rapid growth and profitability, transforming it into one of Nigeria’s most successful banks.
In 2005, Tony Elumelu played a pivotal role in the merger between Standard Trust Bank and United Bank for Africa (UBA), which he then led as Group Managing Director/CEO. Under his stewardship, UBA expanded its operations from Nigeria to a pan-African presence, becoming one of the largest financial institutions in Africa. Today, UBA operates in over 20 countries across Africa, Europe, and the United States, providing innovative banking solutions and financial services.
Beyond banking, Tony Elumelu is the founder and chairman of Heirs Holdings, a family-owned investment firm that invests in key sectors across Africa, including energy, healthcare, real estate, and agriculture. His commitment to entrepreneurship is exemplified by the establishment of the Tony Elumelu Foundation, which focuses on empowering African entrepreneurs through mentorship, training, and funding.
His influence extends beyond the corporate world as he has been actively involved in various philanthropic initiatives aimed at improving the quality of life in Africa. His philosophy of “Africapitalism,” which advocates for the role of the private sector in driving economic growth and social development, has inspired many young entrepreneurs across the continent.
Through his leadership and vision, Tony Elumelu has not only contributed significantly to the African economy but has also positioned himself as a prominent advocate for sustainable development and entrepreneurship in Africa. His career continues to inspire countless individuals, making him a leading figure in the African business landscape.
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Personal Life
Tony Elumelu, a prominent investor, businessman, and philanthropist, has built a fulfilling personal life alongside his successful career. He has been happily married to the talented Dr. Awele Vivian Elumelu since 1993. Their enduring partnership has blossomed into a beautiful family, with seven children who each carry unique names: Oge Elumelu, Ogor Elumelu, Onyinye Elumelu, Ugo Elumelu, Nneka Elumelu, and two other children whose names reflect the family’s rich cultural heritage.
Dr. Awele Vivian Elumelu is not only a devoted wife and mother but also a respected figure in the healthcare sector. She holds dual leadership positions as the Chairperson for both Avon Medical Practice Limited and Avon Healthcare Limited, where she plays a crucial role in shaping healthcare delivery in Nigeria. In addition, she oversees the healthcare investments of Heirs Holdings, further demonstrating her expertise and commitment to advancing healthcare in the region.
Dr. Awele Vivian Elumelu earned her Bachelor of Medicine and Bachelor of Surgery degree from the prestigious University of Benin. This solid academic background has equipped her to provide world-class guidance in healthcare management and strategy, making her an invaluable asset to the organizations she serves. Her contributions not only enhance the quality of healthcare services but also reflect the Elumelu family’s dedication to making a positive impact in their community.
Together, Tony Elumelu and Dr. Awele Vivian Elumelu embody a partnership that balances family, career, and philanthropy, demonstrating a commitment to excellence in both their personal and professional lives.
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Net Worth
As of 2024, Tony Elumelu’s estimated net worth is approximately $1 billion. His wealth is primarily derived from his extensive investments in various sectors, including banking, energy, hospitality, and healthcare through his investment firm, Heirs Holdings, and his leadership at United Bank for Africa (UBA).
Social Media
You can follow him through the social media handles below:
- Instagram handle: @Tonyoelumelu
- Twitter handle: @Tonyoelumelu
