Tony Elumelu Biography, Wikipedia, Age, Net worth, Family, Wife, Awards

Tony Elumelu’s Biography, Age

Anthony Onyemaechi Elumelu better known as Tony Elumelu, is a Nigerian businessman, economist, and philanthropist and also the founder of the Tony Elumelu foundation. He was born on March 22, 1963, into a Christian household in Jos, Plateau state, Nigeria, to Mr. Dominic and Mrs. Suzanne Elumelu.

Tony Elumelu’s Family

In 1993, Tony Elumelu married Mrs. Awele Vivien Elumelu, a medical Professional. Seven children, including five girls and two twin boys who are the last to be born in the family, are the result of their union.

Tony Elumelu Net Worth

Tony Elumelu’s present Net Worth is thought to be over $1.4 billion; his success is a result of years of toil and risk-taking, as well as serial investments and a number of other things.

Tony Elumelu’s Achievements

As a member of the Union Bank Youth Corps, Tony Elumelu began his banking career. He was and is now a banker who was able to upend a failing institution and bring it back to prosperity. He persuaded a small group of investors to buy out a medium-sized commercial bank that was about to fail in 1997.

Tony Elumelu was appointed as the bank’s CEO, and the newly purchased bank’s name was changed to Standard Trust Bank. He brought the bank back to profitability in a short period of time, and afterwards the bank amalgamated with UBA, the third-largest bank in Nigeria at the time. Tony Elumelu was chosen to lead the newly combined UBA bank, and under his leadership, the Nigerian bank was transformed into a Pan-African Bank with locations in more than 20 different African nations. When he left his position as CEO of UBA, the bank had a market capitalization of $2 billion, $12 billion in assets, and more than 10,000 employees.

Tony Elumelu Career

Nigerian billionaire Tony O. Elumelu established the Tony Elumelu Foundation (TEF) in 2010 as a continuation of his unflinching faith in young people as engines for Africa’s transformation. Through the creation of jobs, the eradication of poverty, and the economic empowerment of women, the Tony Elumelu Foundation, a leading philanthropist fostering a new generation of African entrepreneurs, has become synonymous with Africa’s sustainable development. The Foundation’s goals are based on AFRI capitalism, which sees the private sector—and especially entrepreneurs—as the engine driving the continent of Africa’s social and economic advancement.

Troduced in 2015, the Foundation has provided over 1.5 million young Africans with training on www.tefconnect.com, Africa’s largest digital entrepreneurship ecosystem, and distributed close to $100 million in direct funding to more than 18,000 African women and men, who hAVe collectively generated over 400,000 direct and indirect jobs.

Elumelu, a Fellow of the Nigeria Leadership Initiative (NLI), collaborates with the Tony Blair Africa Governance Initiative (AGI) through his foundation in order to increase the role of the private sector in the economic reform of a number of African nations. The Blair-Elumelu Fellowship Programme is the official name of this collaboration. He serves as one of the group’s co-chairs (AELG).