BIRTH NAME : Tony Onyemaechi Elumelu
BETTER KNOWN AS : Tony Elumelu
NET WORTH : $700 million according to Forbes
DATE OF BIRTH/AGE : Born on the 22nd of March 1963
PLACE OF BIRTH: Jos, Plateau State
STATE OF ORIGIN : Plateau State
OCCUPATION : Nigerian Businessman, entrepreneur, investor, and billionaire.
NATIONALITY : Nigeria
MARITAL STATUS/HUABSND :
CHILDREN : He is blessed with four daughters
EDUCATION : Ambrose Alli University, University of Lagos, Lagos
Tony Onyemaechi Elumelu profile and biography is what this publication is all about. Tony Elumelu is a Nigerian economist, entrepreneur, and philanthropist. He is one of the most famous business man that is know all the over the country and beyond as a result of his innovative and lucrative lifestyle. Anything he touches turns into money and he is highly respected for that nature.
Tony Onyemaechi Elumelu head several companies, he is the Chairman of Heirs Holdings, the United Bank for Africa, Transcorp and founder of The Tony Elumelu Foundation. He have been given several accolades by the Federal Government for his contribution to the development of the country in different sector.
Tony earned the Nigerian national honours, the Commander of the Order of the Niger (CON) and Member of the Order of the Federal Republic (MFR). He was also listed by Forbes Magazine as one of “Africa’s 20 Most Powerful People in 2012” .
Early Life And Background Information
Tony Elumelu was born 22 March 1963 in Plateau State, Nigeria; Jos precisely to Dominic and Suzanne Elumelu. He is an indigene of Onicha-Ukwu in Aniocha North Local Government Area of Delta State. His passion to become a successful person started in his early days when he used to sell petty things in their house and secondary school.
Tony Elumelu whose full name is Tony Onyemaechi Elumelu is a graduate with several degrees. He is a graduate of both Ambrose Alli University situated in Ekpoma , Edo state and the University of Lagos situated in Lagos State, Nigeria. He bagged a bachelor’s degree from Ambrose Alli University and obtained a master of science degree from the University of Lagos.
He also furthered his education at Harvard Business School where he studied Advanced Management Programme.
Career And Success
He started his career in the banking sector, his journey to fame started when he took over seemingly insignificant struggling commercial bank in Lagos, Nigeria and turned it into a top-five player in Nigeria. In year 2005, he rebranded and modified United Bank for Africa (UBA), and was able to transform it from a single-country bank to a pan-African institution with more than seven million customers in 19 African countries.
He was able to revive the bank and make it profitable again, the bank grew rapidly and it currently has branches in up to 20 African countries, in the U. S and also in U.K with a staggering customer base of more than 7 million customers from African countries.
After successfully transforming UBA into what it is today, he later retired in year 2010 and founded “Heirs Holdings”, which invests in the financial services, energy, real estate and hospitality, agribusiness, and healthcare sectors.
He also went ahead to established the Tony Elumelu Foundation the same year. This foundation is an is based in Africa and founded by philanthropist from this region of the world.
Tony Elumelu has also worked in other areas , he serves as an advisor to the USAID’s Private Capital Group for Africa (PCGA) Partners Forum. He plays a significant role in the Nigerian President’s Agricultural Transformation Implementation Council (ATIC), he sits at the apex of the body. Tony also serves as the vice-chairman of the National Competitiveness Council of Nigeria (NCCN)- according to revelations, he was a key driver in, and serves as Co-Chair of the Aspen Institute Dialogue Series on Global Food Security.
He was also appointed as the chairman of the Ministerial Committee who are with the major focus to establish world-class hospitals and diagnostic centres across Nigeria. The organization has designed a strategy engineered to create three million jobs in one year after inviting Federal Government and the Presidential Jobs Board.
The popular Nigerian Businessman, entrepreneur, investor, and billionaire also serves as a member of the Global Advisory Board of the United Nations Sustainable Energy for All Initiative (SE4ALL) and USAID’s Private Capital Group for Africa Partners Forum.
Needful to assert, he was also the co-chairs of the 26th World Economic Forum on Africa in Kigali, Rwanda, from 11 to 13 May 2016.
He is married to his wife Awele Vivian Elumelu, a medical doctor. They got married in 1993 and they currently have four daughters together. He has been married just once unlike other rich people who have married several times jumping in and out of marriages.
He has four siblings including Ndudi Elumelu, a Nigerian politician and former member of the Nigerian Federal House of Representatives.
Tony Elumelu is behind some other non profit organization beside The Tony Elumelu Foundation.
- Tony Elumelu was a member of the World Economic Forum’s Regional Agenda Council on Africa.
- He is a Fellow of the Nigeria Leadership Initiative (NLI).
- He is co-chair of the Africa Energy Leaders’ Group (AELG)
- He is involved, through his foundation, with the Tony Blair Africa Governance Initiative (AGI) in a partnership to strengthen the private sector’s role in the economic transformation of select African countries. This partnership is called the Blair-Elumelu Fellowship Programme.
- His presence on the Bretton Woods Committee, which brings together senior leaders in the global banking industry, is recognition of his work on African development.
- Elumelu is a Trustee of the Infant Jesus Academy in Delta State, Nigeria
Recognition And Accolades
- The title of Member of the order of the Federal Republic (MFR), a national honour which was conferred on him in 2003.
- President Umaru Musa Yar’adua asked him to serve on the Presidential Committee on the Global Financial Crisis in 2009.
- He received the Leadership Award in Business and Philanthropy from the Africa-America Institute (AAI) Awards in 2013.
- He was voted African Business Leader of the Year by African Investor magazine in 2006 and was also recognized as the African Banker of the Year in 2008 by the same magazine.
- Also in 2013 he was named African Business Icon at the 2013 African Business Awards.
- He has decorated the highly esteemed National Honour of Commander of the Order of the Niger (CON) for his service in promoting private enterprise in 2012.
- In 2012 New African magazine featured him in their list of the “100 Moat Influential Africans in Business”.
- In April 2016 he was awarded a Lifetime Achievement Award at At the 5th edition of the annual Economic Forum of the Ivorian National Council of Employers, CGECI Academy, (CGECI) in
Writings And Books
He has contributed to the success of some books. One of them is “How to Excel at Work”, a book that outlined strategies for achieving superior work performance. This book is originally written by Bili A. Odum but was inspired by Elumelu’s work ethics.
He has also contributed to the Nigeria Leadership Initiative White Papers, writing on Leveraging private sector approaches in transforming government delivery. “The Power of Vision” , it tells about Tony Elumelu testimonial compiled on the occasion of his retirement as Group managing director/chief executive officer at the United Bank for Africa.
The popular man has also written about his philosophy and the economic development of Africa for numerous publications including The Economist, The Financial Times and The Wall Street Journal .