Tony Elumelu, a renowned African entrepreneur and philanthropist, has gained recent attention for his active role in advocating for climate action and promoting entrepreneurship.
Notably, he played a significant part in the Conference of the Parties (COP28) in Dubai, where he urged global leaders to take immediate steps for Africa’s benefit.
The Tony Elumelu Foundation made headlines by launching a groundbreaking initiative named #BEGREENAFRICA. In collaboration with UNICEF Generation Unlimited and IKEA Foundation, this initiative aims to support green entrepreneurs across Africa.
Adding to his impactful presence, Elumelu represented the African private sector at the 2023 New Global Financing Pact in Paris. He received an invitation from French President Emmanuel Macron, showcasing his influential role on the international stage.
These recent developments underscore Tony Elumelu’s commitment to driving positive change, both in climate action and entrepreneurship, solidifying his position as a key figure in Africa’s pursuit of sustainable growth.
He seems to have figured out how to work hard and look good at the same time. He is from the Igbo tribe and is from Anioma, which is in Aniocha North LGA in Delta State, Nigeria.
Wikipedia Profile and Background
|Anthony Onyemaechi Elumelu
|Date of Birth:
|22 March 1963
|60 years old @ 2023
|State of Origin:
|Delta State, Nigeria
|Place of Birth:
|Jos, Northern Region, Nigeria
|Awele Elumelu (m. 1993)
|Founder of The Tony Elumelu Foundation – UBA Bank Chairman
|$700 Million >
|Ambrose Alli University – University of Lagos
Tony Elumelu Biography
Anthony Onyemaechi Elumelu CFR is an economist and philanthropist from Nigeria. He was born on March 22, 1963. He is the head of Heirs Holdings, Transcorp, and the Tony Elumelu Foundation, which he started. Elumelu was named one of the 100 most influential people in the world by Time in 2020.
He got a Bachelor of Science in Economics from Bendel State University, which is now called Ambrose Alli University. After that, he goes to school at the University of Lagos and gets a Master of Science in Economics.
How old Is Tony Elumelu
He was born on the 22 of March, 1963 in Jos, he is currently at the age of 60 years old, as of 2023. He grew up with four brothers and sisters. One of them, Ndudi Elumelu, is the leader of the minority in the Nigerian Federal House of Representatives.
State of Origin and Place of Birth
Elumelu was born on March 22, 1963, in Jos, Plateau, Nigeria. His parents, Suzanne and Dominic Elumelu, were from Onicha-Ukwu in the Delta State area of Aniocha North Local Government Area.
forbes claims that, His net worth is above or below $700 Million. Tony Elumelu is a Nigerian businessman and investor who owns a controlling stake in Transcorp, a publicly traded Nigerian company with interests in hotels, farms, oil production, and power generation.
In 1997, he got a lot of attention when he led a small group of investors to take over a small bank in Lagos that was having trouble. After a few years, he made it profitable, and in 2005, he combined it with the United Bank for Africa.
This bank group now has branches in the United States, the United Kingdom, and 20 African countries. Elumelu also owns a lot of property in Nigeria and a small share of the mobile phone company MTN Nigeria, among other things. ((Forbes))
After Standard Trust Bank and United Bank for Africa merged in 2005, Elumelu took over as Group Managing Director and turned the company from a single-country banking group into a pan-African bank with branches in 20 African countries, France, the U.S., and the U.K. He left the company in 2010. Elumelu is in charge of the United Bank for Africa right now.
Elumelu’s family owns an investment holding company called Heirs Holdings, which Elumelu runs. The Tony Elumelu Foundation is where he does his charitable work. In 2010, he set up Heirs Holdings, an investment holding company that is owned by his family.
Elumelu also set up the Tony Elumelu Foundation in the same year. This is an organization based in Africa that supports entrepreneurs in Africa. Heirs Holdings keeps a portfolio of investments in a number of different areas.
Elumelu owns a controlling stake in Transnational Corporation through Heirs Holdings. Transnational Corporation is a diversified conglomerate with businesses in Power, Hospitality, and Energy.
In January 2021, Heirs Holdings announced that its subsidiaries, Heirs Oil & Gas and Transnational Corporation, had bought a 45% operating stake in Oil Mining Lease 17 from Shell, Total, and ENI in a deal worth more than $1 billion.
On April 14, 2021, Elumelu was given the official Certificate of Discharge for the famous hotel. The Vice President of Nigeria, Prof. Yemi Osinbajo, is in charge of the National Council on Privatization (NCP).
In 2005, the NCP gave full ownership of Transcorp Hotels to the Chairman after all privatization conditions tied to the sale of the property were met.
The Tony Elumelu Foundation
In 2010, Elumelu left his job at United Bank for Africa and started the Tony Elumelu Foundation. The Tony Elumelu Foundation encourages people in Africa to start their own businesses.
The Tony Elumelu Foundation thinks that the role of the private sector is important for Africa’s development. This is based on the economic philosophy of Africapitalism, which Elumelu created: “that the African private sector has the power to transform the continent through long-term investments, creating both economic prosperity and social wealth.”
In 2015, Elumelu pledged $100 million to create 10,000 entrepreneurs across Africa over the next 10 years through the Tony Elumelu Foundation Entrepreneurship Programme.
This is a Pan-African entrepreneurship initiative that aims to give African entrepreneurs more power through a multi-year program of training, funding, and mentoring. ((wikipedia))
Which Bank Is Owned by Tony Elumelu
The entrepreneur doesn’t own a bank, he is the current Chairman executive officer of UBA Bank, world wide. As a member of the National Youth Service Corps in 1985, Elumelu worked at the Nigerian Bank Union Bank. This was before he became a salesman.
Is Tony Elumelu a Igbo
Tony Elumelu was born in 1963 in Jos, Plateau State, Nigeria, to Suzanne Elumelu and her husband. He is from the Igbo tribe and is from Anioma, which is in Aniocha North LGA in Delta State, Nigeria.
Tony and Awele Vivien Elumelu are the parents of seven children. The powerful couple has five children, three of whom are triplets named Onyinye, Nneka, and Ugo. They also have two sets of twin boys.
Tony Elumelu Wife
Tony Elumelu is now married to Awele Vivien Elumelu, a doctor, as of May 2022. They met in the 1990s when they were both young professionals who wanted to do well.
Information seen by DNB Stories Africa says that the couple got married in a beautiful ceremony in 1993. At the moment, Tony Elumelu and Awele have seven children together. ((dnbstories))
In recent years, he faced controversies. In 2020, he rejected accusations of being involved in a N41 billion fraud against the now-defunct NITEL telecommunications company.
Then, in 2023, billionaire investor Femi Otedola accused him of betrayal. Otedola claimed that Elumelu used his UBA shares to settle his loan interests and took control of his shares in Transcorp. As of May 2023, Elumelu has not publicly addressed Otedola’s claims.
Tony Elumelu’s brother, Honorable Godwin Ndudi Elumelu, is one of his most well-known relatives. Godwin Elumelu was born on February 23, 1965, so he will be 57 years old in May 2022. Ndudi is a Nigerian politician. He is also the leader of the House’s minority party.