Story
Tony Elumelu (born 22 March 1963), also known as Anthony Onyemaechi Elumelu CFR, is a man whose name is 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 company, he is actively transforming 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 also the chairman of United Bank for Africa (UBA), a pan-African financial services group operating 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, with an emphasis on technology 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 presence 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 Africa’s future, and he continues to be a beacon of hope and inspiration to millions across the continent.
Nigerian economist
Tony Elumelu |
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 Tony Elumelu: History ‧ Biography ‧ Photos |
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| Wiki Events & About Data | |
| First and last name: | Anthony Onyemaechi Elumelu |
| Stage Name: | Tony Elumelu |
| Born: | March 22, 1963 (age 61) |
| Place of birth: | Jos, Highlands, Nigeria |
| State of origin: | Delta State |
| Nationality: | Nigerian |
| Height: | 1.79 minutes |
| Parents: | Suzanne Elumelu, Dominic Elumelu |
| Siblings: | Ndudi Elumelu |
| Couple: | Awele Vivian Elumelu (married 1993) |
| Girlfriend • Partner: | Do not have |
| Children: | Oge Elumelu, Ogor Elumelu, Onyinye Elumelu, Ugo Elumelu, Nneka Elumelu |
| Job: | Economist • Investor |
| Net asset value: | 700 million dollars |
Early life and education
Born on March 22, 1963, in the peaceful city of Jos, located in the Northern part of Plateau State, Nigeria, Anthony Onyemaechi Elumelu affectionately known 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 now the Minority Leader in Nigeria’s Federal House of Representatives. His parents, Suzanne Elumelu and Dominic Elumelu, are household names in the Nigerian business scene, with an enviable reputation for ethical business practices.
A proud indigene of Onicha-Ukwu in Aniocha North Local Government Area of Delta State, Tony Elumelu’s quest for knowledge took him to Bendel State University (now known as Ambrose Alli University) where he obtained a Bachelor of Science degree majoring in Economics. He then proceeded to further his education by obtaining a Master of Science degree majoring in Economics from the University of Lagos, cementing his status as a man of academic excellence.
Personal life
Tony Elumelu, a successful investor, businessman and philanthropist, has been happily married to the talented Dr. Awele Vivian Elumelu since 1993. The marriage has produced seven beautiful children, each with their own 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 the healthcare industry, holding dual leadership positions as Chairwoman of 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 degrees, awarded by the prestigious University of Benin, have equipped her to provide world-class instruction in these areas, making her a valuable asset to the organizations she serves.
Career
In the year of our Lord, 1985, a young Tony Elumelu entered the workforce with a position at the Bank of Nigeria, Union Bank, as a member of the Youth Corps. He then went on to join Allstates Trust Bank where his boundless talent and relentless work ethic saw him rise rapidly.
In 1997, Tony Elumelu made his first big move into banking when he acquired Crystal Bank, which he transformed into a profitable entity. This set the stage for one of the most notable moments in banking in Sub-Saharan Africa when in 2005, he led the merger of Standard Trust Bank and United Bank for Africa (UBA) to create a pan-African bank with subsidiaries in 20 African countries, France, the United States and the United Kingdom.
Tony Elumelu served as Group CEO of Standard Trust Bank and UBA, where his visionary leadership and financial acumen were instrumental in taking the merged entity to unprecedented success before stepping down in 2010 to pursue new ventures.
In 2010, he founded Heirs Holdings, an investment company that holds a diversified portfolio across multiple sectors. 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 have not gone unnoticed. In 2021, Tony Elumelu achieved a historic milestone when he formally took full ownership of Transcorp Hilton Hotels, an iconic hospitality establishment, after meeting 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 pioneer and a philanthropist committed to transforming the African continent through long-term investments in key sectors such as financial services, hospitality, power, energy, technology and healthcare. His indomitable spirit and relentless pursuit continue to inspire generations of Africans to dream big and achieve greatness.
Net asset value
According to Forbes, Tony Elumelu’s net worth is estimated at $700 million. He is one of the most successful businessmen in Nigeria and has done a lot for the Nigerian people through his Tony Elumelu Foundation.
Social Media
- Instagram Name: @Tonyoelumelu
- Twitter Username: @Tonyoelumelu
