Tony Elumelu Net Worth 2024: Biography, Phone Number
Tony Elumelu was born on March 22, 1963, in Jos, Nigeria. He is the fifth of seven children born to his parents. His father was a tailor and his mother was a housewife. Elumelu attended Ambrose Alli University in Ekpoma, Edo State, where he studied accounting. He graduated in 1984 with a first-class honors degree.
Biography of Tony Elumelu:
Name: Anthony Onyemaechi Elumelu
Date of Birth: March 22, 1963
Nationality: Nigerian
Occupation: Economist, Entrepreneur, Philanthropist
Education:
- Bachelor’s Degree in Economics from Ambrose Alli University, Nigeria
- Master of Science in Economics from the University of Lagos
- Advanced Management Programme at Harvard Business School
Early Life and Education
Tony Elumelu was born in Jos, Nigeria. He grew up in a modest family and attended Ambrose Alli University for his undergraduate studies in economics. He later obtained a Master of Science degree from the University of Lagos. Elumelu also completed an Advanced Management Programme at Harvard Business School, which helped shape his business acumen.
Career
Tony Elumelu is best known for his role in the African banking industry. He rose to prominence when he led a small group of investors to acquire Standard Trust Bank in 1997. Through strategic mergers and acquisitions, he transformed it into one of the top banks in Nigeria.
In 2005, Elumelu was instrumental in the merger of Standard Trust Bank with the United Bank for Africa (UBA), a leading pan-African bank with operations in multiple countries. He served as the CEO of UBA until 2010, turning it into a global brand with a presence in 20 African countries, as well as offices in the USA, UK, and France.
Entrepreneurship and Investments
After retiring as CEO of UBA, Elumelu founded Heirs Holdings, a family-owned investment company with interests in various sectors, including financial services, energy, real estate, and hospitality. He is also the chairman of Transcorp, a leading Nigerian conglomerate with investments in the hospitality, agribusiness, and energy sectors.
Philanthropy
Tony Elumelu is a renowned philanthropist, primarily through the Tony Elumelu Foundation (TEF), established in 2010. The foundation is committed to empowering young African entrepreneurs and has launched the Tony Elumelu Entrepreneurship Programme (TEEP), which has funded over 15,000 entrepreneurs across the continent.
Net Worth 2024
As of 2024, Tony Elumelu’s estimated net worth is approximately $700 million. His wealth is primarily derived from his investments in banking, oil, and other sectors through Heirs Holdings and his shareholding in Transcorp.
Contact Information
- Tony Elumelu Foundation Website: tonyelumelufoundation.org
- LinkedIn: Tony Elumelu
- Twitter: @TonyOElumelu
- Instagram: @tonyoelumelu
Please note that personal contact information such as phone numbers is typically not publicly disclosed to maintain privacy and security.
Frequently Asked Questions:
1. What is Tony Elumelu known for?
Tony Elumelu is known for his transformative impact on the African banking sector and his philanthropic efforts to empower African entrepreneurs through the Tony Elumelu Foundation.
2. How did Tony Elumelu start his career?
Tony Elumelu began his career in banking and gained recognition when he led a group of investors to acquire and transform Standard Trust Bank in 1997.
3. What is the Tony Elumelu Foundation?
The Tony Elumelu Foundation is a philanthropic organization focused on empowering African entrepreneurs through its flagship programme, the Tony Elumelu Entrepreneurship Programme (TEEP).
4. What are Heirs Holdings?
Heirs Holdings is a family-owned investment company founded by Tony Elumelu, with interests in various sectors, including financial services, energy, real estate, and hospitality.
5. What is Tony Elumelu’s role in UBA?
Tony Elumelu served as the CEO of the United Bank for Africa (UBA) from 2005 to 2010, transforming it into a leading pan-African bank with a global presence.
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