Tony Elumelu Net Worth, Biography, Cars, And House

Tony Elumelu Net Worth

Anthony Onyemaechi Elumelu was born in Jos, Plateau State, Nigeria on 22 March 1963. He hails from Onicha-Ukwu in Aniocha North Local government zone of Delta State. He has a B.Sc in Economics from Ambrose Alli University and a Master’s degree in Economics from the University of Lagos. Additionally Tony is a former student of the Advanced Management Program of Harvard Business School.

Tony Onyemaechi Elumelu is an African business analyst, business person, an altruist. He is the executive of Heirs Holdings, the United Bank for Africa, Transcorp, and founder of The Tony Elumelu Foundation. Elumelu holds the Nigerian public distinctions, the Commander of the Order of the Niger (CON) and Member of the Order of the Federal Republic (MFR) in 2003. He got Nigeria’s National Productivity Order of Merit in 2019.


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Real nameTony Onyemaechi Elumelu
Date of birth22 March 1963
Country of OriginFederal Republic of Nigeria
Net worth$700 million
WifeAwele Vivian Elumelu

Elumelu began his career in Union Bank as a Youth Corp member from the National Youth Service Corps in 1985. At the start of his financial career, Elumelu gained Standard Trust Bank in 2005, and United Bank for Africa (UBA) was obtained afterwards. Following his retirement from UBA in 2010, Elumelu established Heirs Holdings, which puts resources into the monetary administrations, energy, land and cordiality, agribusiness, and medical care areas. In the very year, he set up the Tony Elumelu Foundation, an Africa-based and African-supported charitable organization.

Heirs Holdings - Tony Onyemaechi Elumelu
Heirs Holdings – Tony Onyemaechi Elumelu

Elumelu fills in as an Adviser to the USAID’s Private Capital Group for Africa (PCGA) Partners Forum. He sits on the Nigerian President’s Agricultural Transformation Implementation Council (ATIC). He is additionally Vice-Chairman of the National Competitiveness Council of Nigeria (NCCN), whose development he was a critical driver in, and fills in as Co-Chair of the Aspen Institute Dialog Series on Global Food Security. He moreover seats the Ministerial Committee to set up top-notch emergency clinics and analytic focuses across Nigeria, at the greeting of the Federal Government and the Presidential Jobs Board, designed to make 3 million positions in one year. He additionally fills in as an individual from the Global Advisory Board of the United Nations Sustainable Energy for All Initiative (SE4ALL) and USAID’s Private Capital Group for Africa Partners Forum. He was one of the co-seats of the 26th World Economic Forum on Africa in Kigali, Rwanda, from 11 to 13 May 2016. He was named in TIME 100 most influential individuals in the world.

In 2003, the Federal Government of Nigeria bestowed upon Tony Elumelu the title of Member of the Order of the Federal Republic (MFR), a public honour. In 2006, he won the African Business Leader of The Year award presented by the United Kingdom-based magazine, Africa Investor. In 2009, the Nigerian President Umaru Musa Yar’adua requested that he serve on the Presidential Committee on the Global Financial Crisis. In 2012, he was granted the National Honor of Commander of the Order of the Niger (CON) for his administration in advancing private enterprise in Nigeria. At the fifth version of the yearly Economic Forum of the Ivorian National Council of Employers, CGECI Academy, (CGECI) in Abidjan in April 2016, he was granted a Lifetime Achievement Award. Also, in 2016, he was granted the Daily times, Nigerian man of the year award.

Tony Elumelu family
Tony Elumelu family

Tony Elumelu is happily married to Awelu Vivian Elumelu and together, the couple have seven children.

Tony Elumelu Net worth

Tony Elumelu has been listed by Forbes Africa on the richest men in Africa’s list. In 2015, he was listed as the 31st richest man in Africa with a net worth of $700 million.

Tony Elumelu Cars

Tony Elumelu Cars

1) A Range Rover:

Tony Elumelu Range Rover

Excellent balance of off-road ability and luxury featuring a turbocharged inline-six replaces the previous supercharged V6. This car is valued at over N30 million.

2) Mercedes Benz S-class:

Tony Elumelu Mercedes Benz S-class

Tony Elumelu Houses

Tony Elumelu Houses

Tony Elumelu currently lives in Lagos, Nigeria. He also has many estates and real estate investments in Nigeria and abroad.

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