Tony Elumelu Biography
Tony Elumelu (born March 22, 1963), whose real name is Anthony Onyemaechi Elumelu CFR, is a man synonymous with excellence and leadership in the African business world.
He is a renowned investor, economist, philanthropist, and businessman whose entrepreneurial spirit has positively impacted the continent.
As the founder and chairman of Heirs Holdings, a family-owned investment firm, he actively transforms Africa by investing in key sectors such as finance, hospitality, power, energy, technology, and healthcare.
In addition to his role at Heirs Holdings, Tony Elumelu is the chairman of United Bank for Africa (UBA), a pan-African financial services group that operates in 20 countries worldwide, including the United States, France, the United Kingdom, and several African countries.
The bank has a reputation for providing innovative and reliable banking services to its customers, emphasizing technology-driven solutions.
Under Tony Elumelu‘s leadership, UBA has become one of Africa’s most respected and innovative financial institutions and the only African bank with a commercial branch in the United States.
His vision for UBA has driven the bank’s continued growth and success, and his leadership has inspired a new generation of African entrepreneurs and business leaders.
With a strong commitment to sustainability and social responsibility, Tony Elumelu‘s work is helping to shape the future of Africa, and he continues to be a beacon of hope and inspiration to millions across the continent.
| Biography of Tony Elumelu WIKIPEDIA | |
|---|---|
| Full Name: | Anthony Onyemaechi Elumelu |
| Stage Name: | Tony Elumelu |
| Born: | 22 March 1963 (age 61 years old) |
| Place of Birth: | Jos, Plateau, Nigeria |
| State Of Origin: | Delta State |
| Nationality: | Nigerian |
| Height: | 1.79 m |
| Parents: | Mrs Dominic Elumelu and Mrs. Suzanne Elumelu |
| Siblings: | Ndudi Elumelu |
| Spouse: | Awele Vivian Elumelu (m. 1993) |
| Girlfriend • Partner: | N/A |
| Children: | Oge Elumelu, Ogor Elumelu, Onyinye Elumelu, Ugo Elumelu, Nneka Elumelu |
| Occupation: | Economist • Investor |
| Net Worth: | $1.4 billion |
Early Life
Born on March 22, 1963, in the serene city of Jos, nestled in the Northern Region of Nigeria’s Plateau State, Anthony Onyemaechi Elumelu fondly addressed as Tony Elumelu, is a name that has become synonymous with excellence, investment, and philanthropy on the African continent.
Growing up, Tony Elumelu was part of a family of six, including his siblings, one of whom, Ndudi Elumelu, is currently a minority leader in the Nigerian Federal House of Representatives. His parents, Suzanne Elumelu and Dominic Elumelu are household names in the Nigerian business landscape, with a sterling reputation for ethical business practices.
Tony Elumelu Age
Tony Elumelu was born on March 22, 1963, and according to this date of birth his age 60 years old.
Tony Elumelu Religion
Tony Elumelu is a Christian, He was born into a Christian family.
Tony Elumelu Tribe and Origin
Tony Elumelu is an indigene of Onicha-Ukwu in Aniocha North Local Government Area of Delta State, Nigeria. His roots in the Igbo tribe have influenced his values and cultural identity, reflected in his philanthropic endeavors aimed at uplifting his community and beyond.
Education | Tony Elumelu Biography
His educational path led him to study Economics at Bendel State University (now Ambrose Alli University), earning a Bachelor of Science degree with a Lower Second Class (2:2) honor. He further pursued a Master of Science degree in Economics from the University of Lagos.
Personal Life
Tony Elumelu, a successful investor, businessman, and philanthropist, has been happily married to the talented Dr. Awele Vivian Elumelu since 1993. This union has brought forth the fruit of seven beautiful children, each bearing unique names such as Oge Elumelu, Ogor Elumelu, Onyinye Elumelu, Ugo Elumelu, Nneka Elumelu, and two others.
Dr. Awele Vivian Elumelu has become a respected figure in healthcare, holding dual leadership positions as the Chairperson for both Avon Medical Practice Limited and Avon Healthcare Limited while also overseeing the healthcare investments of Heirs Holdings.
Her Bachelor of Medicine and Bachelor of Surgery degree, earned from the prestigious University of Benin, has equipped her to offer world-class guidance in these areas, making her a valuable asset to the organizations she serves.
Tony Elumelu’s Family Life, Children
Tony Elumelu Children
Tony Elumelu and his wife, Awele Vivien Elumelu, have been blessed with seven children. While their names and personal lives are kept relatively private, it’s evident that family holds significant importance to Elumelu.
Tony Elumelu First Daughter
Tamara-Marie Oge Elumelu, the eldest daughter and first child of Tony Elumelu, is carving her path in the world of economics. With a keen interest in finance and economics, Oge Elumelu is breaking barriers and proving that gender is not a limitation to success.
Tony Elumelu Career
In the year of our Lord, 1985, a young Tony Elumelu stepped into the workforce with a position at the Nigerian Bank, Union Bank, as a Youth Corp member. He then went on to join Allstates Trust Bank, where his unbridled talent and relentless work ethic saw him quickly rise up the ranks.
In 1997, Tony Elumelu made his first major move in the banking industry when he acquired Crystal Bank, which he successfully transformed into a profitable entity. This set the stage for one of the most remarkable moments in the banking industry in Sub-Saharan Africa when in 2005, he led the merger of Standard Trust Bank and United Bank for Africa (UBA) to form a pan-African bank with subsidiaries in 20 African countries, France, the U.S., and the U.K.
Tony Elumelu served as the Group Managing Director of Standard Trust Bank and UBA, where his visionary leadership and financial acumen were crucial in leading the merged entity to unprecedented success before stepping down in 2010 to pursue new ventures.
In 2010, he founded Heirs Holdings, an investment holding company with a diverse portfolio of investments across multiple sectors. As a champion of entrepreneurship in Africa, Tony Elumelu also founded the Tony Elumelu Foundation to empower African entrepreneurs with the tools and resources they need to thrive.
His relentless pursuit of excellence and visionary leadership did not go unnoticed. In 2021, Tony Elumelu achieved a historic milestone when he officially took full ownership of Transcorp Hilton Hotels, an iconic hospitality facility, after fulfilling all privatization conditions, marking another remarkable chapter in his illustrious career.
Indeed, Tony Elumelu is more than just a businessman. He is a visionary, a trailblazer, and a philanthropist committed to transforming the African continent through long-term investments in key sectors like financial services, hospitality, power, energy, technology, and healthcare. His indomitable spirit and relentless pursuit of excellence continue to inspire generations of Africans to dream big and achieve greatness.
Transformational Leadership
In 1997, Elumelu led a determined group of investors to acquire the struggling Crystal Bank (later renamed Standard Trust Bank). His strategic acumen turned the bank profitable within a short span. This laid the groundwork for his leadership in orchestrating one of Sub-Saharan Africa’s largest banking sector mergers – the acquisition of United Bank for Africa (UBA) – where he received a pivotal 20 million Dollars investment from billionaire Femi Otedola.
Architect of Pan-African Banking
Elumelu’s tenure as the Group Managing Director after the 2005 merger of Standard Trust Bank and United Bank for Africa marked a transformative era. Under his guidance, UBA evolved from a domestic institution to a pan-African financial powerhouse spanning 20 African countries, France, the U.S, and the U.K. In 2010, he stepped down, continuing to contribute as the board chair of the United Bank for Africa.
Heirs Holdings and Philanthropy
In 2010, Elumelu founded Heirs Holdings, his family’s investment holding company. The same year saw the inception of the Tony Elumelu Foundation, dedicated to fostering entrepreneurship across Africa. Through Heirs Holdings, Elumelu holds a controlling stake in Transnational Corporation, a conglomerate active in Power, Hospitality, and Energy.
Transcorp Plc
Elumelu’s leadership prowess extended to Transcorp Plc, where he officially received ownership of Transcorp Hotels on April 14, 2021. This marked the successful fulfillment of all privatization conditions attached to the property’s sale in 2005.
Tony Elumelu: Philanthropy and Impact
Beyond his success in the business world, Tony Elumelu is renowned for his philanthropic initiatives. He founded The Tony Elumelu Foundation, dedicated to empowering entrepreneurs across Africa through mentorship, training, and funding. His commitment to fostering entrepreneurship has catalyzed economic growth and social development across the continent.
Tony Elumelu Cars
- A Range Rover:
- Mercedes Benz S-class:
Tony Elumelu Houses
Tony Elumelu currently lives in his mansion at Osborne Foreshore, Ikoyi in Lagos, Nigeria. He also has many estates and real estate investments in Nigeria and abroad.
Tony Elumelu Net Worth
According to Forbes, Tony Elumelu‘s net worth is estimated at $1.4 billion. His success is the product of years of hard work and risk-taking, as well as serial investments and a variety of other factors.
He is one of the most successful entrepreneurs in Nigeria, and he has done a lot for Nigerians through his Tony Elumelu Foundation.
Tony Elumelu Awards
• In 2008, African Investor Magazine named him African Business Investor of the Year.
• He was also the first African to be awarded the Dwight D. Eisenhower Global Entrepreneurship Award.
• Côte d’Ivoire Entrepreneurs (CGECI) annual forum Academy 2016 in Abidjan, Côte d’Ivoire.
• In 2013, he received the Africa-America Institute (AAI) Awards for Leadership in Business and Charity.
• During the 2013 African Business Awards, he was named African Business Icon.
• In 2008, African Banker Magazine named him African Banker of the Year.
Social Media
- Instagram handle: @Tonyoelumelu
- Twitter handle: @Tonyoelumelu
Tony Elumelu Pictures
Frequently Asked Questions (FAQs) about Tony Elumelu Biography
How old is Tony Elumelu?
Tony Elumelu was born on March 22, 1963, making him 61 years old as of 2024.
Who is Tony Elumelu wife?
Tony Elumelu beloved wife is Awele Vivien Elumelu, they both got married in 1993.
Is Tony Elumelu the owner of UBA?
Tony Elumelu is the chairman of United Bank for Africa (UBA), a pan-African financial services group that operates in 20 countries worldwide, including the United States, France, the United Kingdom, and several African countries.
How did Tony Elumelu make his money?
Tony Elumelu amassed his wealth through strategic investments and leadership roles in the banking sector. Tony Elumelu success story notably turned around struggling banks, such as Standard Trust Bank, and orchestrated mergers, including the creation of UBA.
Where does Tony Elumelu live?
Tony Elumelu resides in his mansion at Osborne Foreshore, Ikoyi, a prestigious neighborhood in Lagos, Nigeria.
How many children does Tony Elumelu have?
Tony Elumelu and his wife, Awele Vivien Elumelu, are proud parents of seven children.
Conclusion
In conclusion, Tony Elumelu biography is a testament to the power of perseverance, determination, and visionary leadership. From humble beginnings to becoming a titan in the world of finance and philanthropy, Elumelu’s journey inspires millions across the globe.
His impact on entrepreneurship and economic development in Africa underscores his commitment to shaping a brighter future for generations to come.
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