What is Tony Elumelu Net Worth 2023: Wiki, Age, Weight, Height, Relationships, Family, And More

What is Tony Elumelu Net Worth 2023 Wiki, Age, Weight, Height, Relationships, Family, And More

Tony Elumelu is a renowned Nigerian entrepreneur and philanthropist who has significantly contributed to the business world. With an impressive net worth and a successful career, he has become a prominent figure in Nigeria and beyond. This article will delve into Tony Elumelu Net Worth, his biography, and other interesting facts about his life.

Quick Facts

Full NameTony Onyemaechi Elumelu
Popular NameTony Elumelu
Birth DateMarch 22, 1963
Age58 years old
ParentsNnamdi Elumelu (father)
SiblingsThree sisters
Birth PlaceOnicha-Ukwu, Aniocha North Local‌ Government Area,⁢ Delta ⁢State, ⁤Nigeria
EducationBachelor of Science in Economics (Ambrose Alli University), ⁢Master of Science in Economics (University of Lagos)
Marital StatusMarried
Wife/SpouseAwele Vivian Elumelu
Net WorthApproximately $700 million
Source of WealthInvestments, banking, and various business ventures
Height6 feet 1 inch
Weight85⁢ kg

What is Tony Elumelu’s Net Worth and Salary in 2023?

What is Tony Elumelu's Net Worth and Salary in 2023

As of 2023, Tony Elumelu’s net worth is estimated at $700 million. His wealth comes from his successful career as an entrepreneur and various investments in finance, energy, real estate, hospitality, agribusiness, and healthcare.

Through his ventures, Elumelu has accumulated significant wealth and established himself as one of the wealthiest individuals in Nigeria.

Why is Tony⁢ Elumelu Famous?

Tony Elumelu is famous for his contributions to the business world and philanthropic endeavors. He is the chairman of Heirs Holdings, Transcorp Nigeria Plc, and United Bank for Africa Plc.

Elumelu’s entrepreneurial success and leadership have earned him recognition and numerous awards, including being named one of Time magazine’s 100 Most Influential People in the World in 2020.

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He is also known for his commitment to empowering African entrepreneurs through the Tony Elumelu Foundation Entrepreneurship Programme.

Tony Elumelu Biography

Tony Elumelu Biography

Early ‍Life

Tony Elumelu was born on March 22, 1963, in Onicha-Ukwu, Aniocha North Local Government Area, Delta State, Nigeria. He grew up ⁣in a close-knit family with three‌ sisters and his⁤ father, Nnamdi Elumelu. From a ‌young age, Elumelu displayed an ⁣entrepreneurial spirit and a drive for success.


Elumelu obtained a Bachelor of Science degree in Economics from Ambrose Alli University and a Master of Science degree in Economics from the University of Lagos. His educational background equipped him with the knowledge and skills necessary for his future endeavors as an African business leader of the year.

Career and Awards

Tony Elumelu’s career took off when he joined the United Bank for Africa (UBA) in 1995 as its Chief Executive Officer. Under his leadership, UBA experienced significant growth, expanding its operations beyond Nigeria’s borders. Later, he also served as the Chairman of the standard trust bank.

In 2010, Elumelu established Heirs Holdings, an investment company focusing on strategic sectors such as energy, financial services, hospitality, and healthcare. Through this venture, he has made substantial contributions to Africa’s economic forum development and job creation.

Elumelu’s commitment to fostering entrepreneurship and innovation led him to create the Tony Elumelu Foundation in 2010.

The foundation’s flagship program, the Tony Elumelu Foundation Entrepreneurship Programme (TEEP), has provided mentoring, training, and funding to thousands of African entrepreneurs, empowering them to transform their ideas into successful businesses.

Personal Life

Tony Elumelu is married to Awele Vivian Elumelu, and the couple has seven children. Elumelu is known for his humble and down-to-earth nature despite his immense wealth. He is actively involved in philanthropy and is passionate⁣ about empowering Africa’s youth through ⁤entrepreneurship.

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Social Media ‍Accounts

FAQs about Tony Elumelu

FAQs about Tony Elumelu

What are Tony Elumelu’s main sources of wealth?

Tony Elumelu’s wealth comes from his strategic investments and diverse business ventures.

How many children does Tony Elumelu have?

Tony Elumelu has seven children.

What is the Tony Elumelu Foundation Entrepreneurship Programme?

The Tony Elumelu Foundation Entrepreneurship Programme is a Pan-African initiative to empower African entrepreneurs through training, funding, and mentoring.

It is open to individuals from all 54 African countries with scalable business ideas or businesses that have been operational for over three years.


Tony Elumelu’s journey from a young boy passionate about business to a billionaire philanthropist is awe-inspiring. His dedication to empowering entrepreneurs and fostering economic growth in Africa has left a remarkable impact.

With his net worth soaring in 2023, Tony continues to be an influential force in business and humanitarianism, leaving a lasting legacy for generations to come. Visit Covemarkets to learn more relevant posts. Thanks for reading!

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