A well known Nigerian economist and philanthropist, Elumelu has made a permanent imprint on the world of finance and entrepreneurship.

Brought into the world in 1963 in Jos, Plateau State, , Elumelu has ascended to become one of Africa’s most influential figures.

This article examines his remarkable life journey, net worth, family, accomplishments, and significant contributions to the banking industry.

Biography

Anthony Onyemaechi Elumelu, widely known as Tony O. Elumelu CFR, (born on March 22, 1963) hails from Onicha-Ukwu in Aniocha North Local Government Area of Delta State, . Elumelu’s early life laid the foundation for his future successes, instilling in him the values of hard work, determination, and resilience.

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Tony Elumelu Biography: Age, Net Worth, Children, Cars, Tribe, Bank

Net Worth

One of the most frequently asked questions about is his net worth. As of 2024, his current net worth stands at $850 billion, making him one of the wealthiest individuals in Africa. This immense wealth is a testament to his astute business acumen and strategic investments in various sectors.

Tony Elumelu’s Family Life

Children

Tony Elumelu and his wife, Awele Vivien Elumelu, have been blessed with seven children. While their names and individual lives are kept relatively private, it’s clear that family holds huge significance to Elumelu.

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First Daughter

Tamara-Marie Oge Elumelu, eldest daughter and first child of Tony Elumelu, is cutting her way in the realm of economics.

Oge is breaking down barriers and demonstrating that gender is not a barrier to success with a keen interest in finance and economics.

Tony Elumelu Tribe and Origin

Tony Elumelu was born in Anioma, Aniocha North LGA, Delta State, , to an family.

His underlying foundations in the tribe have influenced his values and social character, reflected in his altruistic undertakings pointed toward elevating his community and beyond.

Education and Career

Education

Elumelu pursued his undergraduate studies in Economics at Bendel State University, now known as Ambrose Alli University. He later obtained a Master of Science degree in Economics from the University of Lagos, solidifying his expertise in the field.

Career Milestones

Elumelu’s renowned career includes extraordinary accomplishments for the banking sector.

He led the acquisition of Crystal Bank, which was later renamed to Standard Trust Bank, in 1997 and turned it into a profitable business.

The merger that resulted in the United Bank for Africa (), a significant turning point in Africa’s banking history, was also made possible by his visionary leadership.

Tony Elumelu: Philanthropy and Impact

Beyond his success in the business world, Tony Elumelu is renowned for his philanthropic initiatives. He founded The Tony Elumelu Foundation, dedicated to empowering entrepreneurs across Africa through mentorship, training, and funding. His commitment to fostering entrepreneurship has catalyzed economic growth and social development across the continent.

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Frequently Asked Questions (FAQs)

How old is Tony Elumelu?

Tony Elumelu was born on March 22, 1963, making him 61 years old as of 2024.

How did Tony Elumelu make his money?

Tony Elumelu amassed his wealth through strategic investments and leadership roles in the banking sector. He notably turned around struggling banks, such as Standard Trust Bank, and orchestrated mergers, including the creation of .

Where does Tony Elumelu live?

Tony Elumelu resides in his mansion at Osborne Foreshore, Ikoyi, a prestigious neighborhood in Lagos, Nigeria.

How many children does Tony Elumelu have?

Tony Elumelu and his wife, Awele Vivien Elumelu, are proud parents of seven children.