Tony Elumelu
|
Tony O. Elumelu MFR, CON |
|
|---|---|
| Born |
Anthony Onyemaechi Elumelu 22 March 1963 Jos, Plateau, Nigeria |
| Nationality | Nigerian |
| Citizenship | Nigerian (1963–present) |
| Alma mater |
Ambrose Alli University, University of Lagos, Lagos |
| Occupation | Chairman & CEO of Transnational Corporation of Nigeria, Heirs Holdings & United Bank for Africa |
| Years active | 1987—present |
| Notable work | Tony Elumelu Entrepreneurship Programme |
| Net worth | US$700 Million (March 2015) |
| Spouse(s) | Dr. Awele Elumelu |
| Parent(s) |
|
| Relatives | Ndudi Elumelu (brother) |
Tony Onyemaechi Elumelu (born 22 March 1963) is a Nigerian economist, entrepreneur, and philanthropist. He is the Chairman of Heirs Holdings, the United Bank for Africa, Transcorp and founder of The Tony Elumelu Foundation. Elumelu holds 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 recognised as one of "Africa's 20 Most Powerful People in 2012" by Forbes magazine.
Elumelu was born in Jos, Plateau State, Nigeria, in 1963. He hails from Onicha-Ukwu in Aniocha North Local Government Area of Delta State. He has two degrees in economics from Nigerian universities, a bachelor's degree from Ambrose Alli University and a master of science degree from the University of Lagos. He is an alumnus of Harvard Business School's Advanced Management Programme. Tony Elumelu married Awele Vivien Elumelu, a medical doctor, in 1993, and they have seven children together. He has four siblings, one of whom is Ndudi Elumelu, a former member of the Nigerian Federal House of Representatives.
In his early career, Elumelu acquired and turned Standard Trust Bank into a top-five player in Nigeria. In 2005 he led the acquisition of United Bank for Africa (UBA), later transforming it from a single-country bank to a pan-African institution with more than seven million customers in 19 African countries.
Following his retirement from UBA in 2010, Elumelu founded Heirs Holdings, which invests in the financial services, energy, real estate and hospitality, agribusiness, and healthcare sectors. In the same year, he established the Tony Elumelu Foundation, an Africa-based and African-funded philanthropic organisation dedicated to the promotion of excellence in business leadership and entrepreneurship and to enhancing the competitiveness of the private sector across Africa.
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