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Tony Elumelu's Biography in Summary

Tony Elumelu (born March 22, 1963), also known as Anthony Onyemaechi Elumelu CFR, is an African business leader whose name is synonymous with excellence and leadership. He is a well-known investor, economist, philanthropist, and businessman whose entrepreneurial spirit has benefited Africa. He actively transforms Africa as the founder and chairman of Heirs Holdings, a family-owned investment firm, by investing in key sectors such as finance, hospitality, power, energy, technology, and healthcare.

Tony Elumelu is the chairman of United Bank for Africa (UBA), a pan-African financial services group that operates in 20 countries worldwide, including the United States, France, the United Kingdom, and several African countries, in addition to his role at Heirs Holdings. 

 

Tony Elumelu Early Life & Education Born on March 22, 1963, in the serene city of Jos, nestled in the Northern Region of Nigeria’s Plateau State, Anthony Onyemaechi Elumelu fondly addressed as Tony Elumelu, is a name that has become synonymous with excellence, investment, and philanthropy on the African continent. Growing up, Tony Elumelu was part of a family of six, including his siblings, one of whom, Ndudi Elumelu, is currently a minority leader in the Nigerian Federal House of Representatives. His parents, Suzanne Elumelu and Dominic Elumelu are household names in the Nigerian business landscape, with a sterling reputation for ethical business practices. As a proud indigene of Onicha-Ukwu in Aniocha North Local Government Area of Delta State, Tony Elumelu‘s quest for knowledge saw him attend Bendel State University (now known as Ambrose Alli University), where he earned his Bachelor of Science degree in Economics. Later on, he furthered his studies by obtaining a Master of Science degree in Economics from the University of Lagos, solidifying his place as a man of academic excellence. Tony Elumelu Personal Life Tony Elumelu, a successful investor, businessman, and philanthropist, has been happily married to the talented Dr. Awele Vivian Elumelu since 1993. This union has brought forth the fruit of seven beautiful children, each bearing unique names such as Oge Elumelu, Ogor Elumelu, Onyinye Elumelu, Ugo Elumelu, Nneka Elumelu, and two others. Dr. Awele Vivian Elumelu has become a respected figure in healthcare, holding dual leadership positions as the Chairperson for both Avon Medical Practice Limited and Avon Healthcare Limited while also overseeing the healthcare investments of Heirs Holdings. Her Bachelor of Medicine and Bachelor of Surgery degree, earned from the prestigious University of Benin, has equipped her to offer world-class guidance in these areas, making her a valuable asset to the organizations she serves. Tony Elumelu Career In the year of our Lord, 1985, a young Tony Elumelu stepped into the workforce with a position at the Nigerian Bank, Union Bank, as a Youth Corp member. He then went on to join Allstates Trust Bank, where his unbridled talent and relentless work ethic saw him quickly rise up the ranks. In 1997, Tony Elumelu made his first major move in the banking industry when he acquired Crystal Bank, which he successfully transformed into a profitable entity. This set the stage for one of the most remarkable moments in the banking industry in Sub-Saharan Africa when in 2005, he led the merger of Standard Trust Bank and United Bank for Africa (UBA) to form a pan-African bank with subsidiaries in 20 African countries, France, the U.S., and the U.K. Tony Elumelu served as the Group Managing Director of Standard Trust Bank and UBA, where his visionary leadership and financial acumen were crucial in leading the merged entity to unprecedented success before stepping down in 2010 to pursue new ventures. In 2010, he founded Heirs Holdings, an investment holding company with a diverse portfolio of investments across multiple sectors. As a champion of entrepreneurship in Africa, Tony Elumelu also founded the Tony Elumelu Foundation to empower African entrepreneurs with the tools and resources they need to thrive. His relentless pursuit of excellence and visionary leadership did not go unnoticed. In 2021, Tony Elumelu achieved a historic milestone when he officially took full ownership of Transcorp Hilton Hotels, an iconic hospitality facility, after fulfilling all privatization conditions, marking another remarkable chapter in his illustrious career. Indeed, Tony Elumelu is more than just a businessman. He is a visionary, a trailblazer, and a philanthropist committed to transforming the African continent through long-term investments in key sectors like financial services, hospitality, power, energy, technology, and healthcare. His indomitable spirit and relentless pursuit of excellence continue to inspire generations of Africans to dream big and achieve greatness.

Tony Elumelu's Early Life and Education

Born on March 22, 1963, in the peaceful city of Jos, located in Nigeria's Plateau State, Anthony Onyemaechi Elumelu, better known as Tony Elumelu, is a name synonymous with excellence, investment, and philanthropy across Africa.

Growing up, Tony Elumelu was part of a family of six, which included his siblings. One of his siblings, Ndudi Elumelu, currently holds the position of minority leader in the Nigerian Federal House of Representatives. His parents, Suzanne Elumelu and Dominic Elumelu, are renowned figures in the Nigerian business sphere, known for their ethical business practices.

Hailing from Onicha-Ukwu in Aniocha North Local Government Area of Delta State, Tony Elumelu's quest for knowledge led him to attend Bendel State University (now Ambrose Alli University), where he earned a Bachelor of Science degree in Economics. He furthered his education by obtaining a Master of Science degree in Economics from the University of Lagos, establishing his reputation as a man of academic distinction.

Tony Elumelu's Personal Life

A successful investor, businessman, and philanthropist, Tony Elumelu has been happily married to Dr. Awele Vivian Elumelu since 1993. This union has brought forth seven children, each with unique names such as Oge Elumelu, Ogor Elumelu, Onyinye Elumelu, Ugo Elumelu, Nneka Elumelu, and two others.

Dr. Awele Vivian Elumelu has carved a respected path in healthcare. She holds leadership positions as Chairperson for Avon Medical Practice Limited and Avon Healthcare Limited, along with overseeing healthcare investments at Heirs Holdings. With a Bachelor of Medicine and Bachelor of Surgery degree from the esteemed University of Benin, she offers top-tier guidance in these fields, becoming an invaluable asset to the organizations she serves.

Tony Elumelu's Career

In 1985, a young Tony Elumelu entered the workforce as a Youth Corp member at the Nigerian Bank, Union Bank. He later joined Allstates Trust Bank, rapidly ascending through the ranks due to his remarkable talent and unwavering work ethic.

In 1997, Tony Elumelu made a significant stride in the banking industry by acquiring Crystal Bank, transforming it into a profitable entity. This paved the way for a momentous event in Sub-Saharan Africa's banking sector in 2005, when he spearheaded the merger of Standard Trust Bank and United Bank for Africa (UBA), creating a pan-African bank with subsidiaries in 20 African nations, France, the U.S., and the U.K.

Tony Elumelu served as Group Managing Director of Standard Trust Bank and UBA, where his visionary leadership and financial expertise propelled the merged entity to unparalleled success. In 2010, he established Heirs Holdings, an investment holding company with a diverse portfolio spanning various sectors. As a champion of African entrepreneurship, he also founded the Tony Elumelu Foundation, empowering African entrepreneurs with essential tools and resources.

His pursuit of excellence and visionary leadership did not go unnoticed. In 2021, Tony Elumelu achieved a historic milestone by gaining full ownership of Transcorp Hilton Hotels, an iconic hospitality establishment, after meeting all privatization requirements. This marked another extraordinary chapter in his illustrious career.

Indeed, Tony Elumelu transcends mere business. He is a visionary, a pioneer, and a philanthropist dedicated to transforming Africa through long-term investments in sectors like finance, hospitality, energy, technology, and healthcare. His unwavering determination and pursuit of excellence continue to inspire generations of Africans to dream big and achieve greatness.