Tony Elumelu Biography: Net Worth, Wife, Age, Children, House, State Of Origin, Foundation, Grant, Transcorp Hilton

Posted By Blessing Buchi


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

In addition to his role at Heirs HoldingsTony 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. The bank has a reputation for providing innovative and reliable banking services to its customers, emphasizing technology-driven solutions.

Under Tony Elumelu‘s leadership, UBA has become one of Africa’s most respected and innovative financial institutions and the only African bank with a commercial branch in the United States. His vision for UBA has driven the bank’s continued growth and success, and his leadership has inspired a new generation of African entrepreneurs and business leaders. With a strong commitment to sustainability and social responsibility, Tony Elumelu‘s work is helping to shape the future of Africa, and he continues to be a beacon of hope and inspiration to millions across the continent.

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Tony Elumelu: History ‧ Bio ‧ Photo
Wiki Facts & About Data
Full Name: Anthony Onyemaechi Elumelu
Stage Name: Tony Elumelu
Born: 22 March 1963 (age 60 years old)
Place of Birth: Jos, Plateau, Nigeria
State Of Origin: Delta State
Nationality: Nigerian
Height: 1.79 m
Parents: Suzanne Elumelu, Dominic Elumelu
Siblings: Ndudi Elumelu
Spouse: Awele Vivian Elumelu (m. 1993)
Girlfriend • Partner: N/A
Children: Oge Elumelu, Ogor Elumelu, Onyinye Elumelu, Ugo Elumelu, Nneka Elumelu
Occupation: Economist • Investor
Net Worth: $700 million

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.

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.


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.

Net Worth

According to ForbesTony Elumelu‘s net worth is estimated at $700 million. He is one of the most successful entrepreneurs in Nigeria, and he has done a lot for Nigerians through his Tony Elumelu Foundation.

Social Media

  • Instagram handle: @Tonyoelumelu
  • Twitter handle: @Tonyoelumelu

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