Tony Elumelu’s cars, biography, net worth, businesses, and houses
Anthony Onyemaechi Elumelu CFR was born on 22 March 1963 in Jos, Plateau, Nigeria. He is a Nigerian economist and philanthropist, he chairs Heirs Holdings, Transcorp Nigeria PLC, and United Bank for Africa. He is also the founder of The Tony Elumelu Foundation. In 2020, he was named on the Times’s list of the 100 most influential people in the world. This article will revolve around Tony Elumelu’s cars, biography, net worth, family, businesses, and houses.
Table of Contents
Biography
Tony Elumelu was born on 22 March 1963 to Suzzane and Dominic Elumelu, in Jos, Plateau, Nigeria. He is from Onicha-Ukwu in Aniocha North Local Government Area of Delta State. He grew up with four siblings, one of whom is Ndudi Elumelu, a minority leader in the Nigerian Federal House of Representatives.
Education
He obtained a Bachelor of Science in Economics from Bendel State University (now Ambrose Alli University). Afterward, he studied and received a Master of Science degree in Economics at the University of Lagos. Tony Elumelu also studied Advanced Management Program at Harvard Business School and IMD.
Career
In his early career, he said:
” I started my career as a salesman, a copier salesman to be specific, young, hungry, and hardworking, but the reality was that I was just one of the thousands of young Nigerian graduates, all eager to succeed.”
During his NYSC in 1985, he worked at Union Bank before starting his career as a salesman. He later joined Allstates Trust Bank.
Tony Elumelu led a small group of investors to take over a struggling Crystal Bank (later renamed Standard Trust Bank) in 1997. In the space of a few years, he turned it profitable, and in 2005, he led one of the largest mergers in the banking sector in Sub-Saharan Africa by acquiring the United Bank for Africa (UBA). He currently chairs the board of the United Bank for Africa.
Heirs Holdings
In 2010, he founded Heirs Holdings, his family-owned investment holding company. That same year, he established the Tony Elumelu Foundation, an Africa-based foundation championing entrepreneurship in Africa. Heirs Holdings maintains a portfolio of investments across several sectors. Through Heirs Holdings, Elumelu holds a controlling interest in Transnational Corporation, a diversified conglomerate with business interests in Power, Hospitality, and Energy.
Transcorp PLC
Tony Elumelu was officially handed the Certificate of Discharge of the iconic hospitality facility on April 14, 2021. The National Council on Privatization (NCP), which is chaired by the Vice President of Nigeria Prof. Yemi Osinbajo, handed over full ownership of Transcorp Hotels to the Chairman after fulfilling all privatization conditions attached to the sale of the property in 2005.
Philanthropy
In 2010, Elumelu founded the Tony Elumelu Foundation following his retirement from United Bank for Africa. The foundation promotes entrepreneurship in Africa. In 2015, he committed $100 million to create 10,000 entrepreneurs across Africa over the next 10 years.
Awards and honors
Tony Elumelu has received so many awards and honors for his contribution to business and entrepreneurship. They include:
- In 2003, the Federal Government of Nigeria granted Elumelu the title of Member of the Order of the Federal Republic MFR, a national honor.
- In 2012, he was awarded the National Honour of Commander of the Order of the Niger CON for his service in promoting private enterprise.
- He was awarded the Daily Times, Nigerian Man of the Year in 2016.
- In 2018 and 2019 he was awarded the All-Africa Business Leaders Awards (AABLA) Philanthropist of the Year Award
- Bayero University Kano (BUK) – Honorary Doctor of Business degree in 2019[30] He was honored with the National Productivity Order of Merit Award in 2019.
- TIME magazine’s 100 Most Influential People of 2020.
- On 11 October 2022, Elumelu received the National honor of Commander of the Order of the Federal Republic.
Personal life
Tony Elumelu tied the knot with Awele Vivien Elumelu, a medical doctor in 1993. The union is blessed with seven children.
Tony Elumelu’s cars
Tony Elumelu owns luxury cars, including Mercedes-Benz S-Class, Range Rover Vogue, and Toyota Hilux vans, among other vehicles in his garage.
Range Rover Vogue
Range Rover Vogue is the most luxurious SUV in British Manufacturer’s lineup. Its used by millonaires and billonaires. Its armored version, the Sentinel is used by Governors, Presidents, and top-class individuals who value luxury and security. Tony Elumelu owns a Range Rover Vogue.
Mercedes-Benz S-Class
Mercedes-Benz designed the S-Class for chauffeur driving, the rear seat features an increased entertainment system, premium sound systems, more legroom, a cold box, and massage functions among other luxury features in the car. Customers who need more luxury can opt for the Mercedes-Maybach S-Class which features premium features on both the exterior and interior. Tony Elumelu’s garage boasts of luxury Mercedes-Benz S-Class.
Toyota Hilux and other pick-up vans
In Nigeria, Toyota Hilux pick-up trucks are used as security vehicles to convey the VIP’s security aids when moving in convoy. It’s quite rare to see a billionaire who doesn’t have at least a pickup truck in his home.
Tony Elumelu’s houses
Tony Elumelu lives in Lagos, Nigeria and he owns houses in Lagos, his hometown and so many parts of the country.
Tony Elumelu’s net worth
In 2015, he was listed by Forbes Africa as of the richest men in Africa’s list. As of then, Tony Elumelu’s net worth was $700 million, but we believe it has surged past that over the years, his recent net worth is estimated to be over a billion Dollars, though not verified yet.
Quick facts about Tony Elumelu at a glance
| Full names | Anthony Onyemaechi Elumelu CFR |
| Date of birth | 22 March 1963 |
| Nationality | Nigerian |
| State of origin | Delta State |
| Wife | Awele Vivien Elumelu |
| Years active | 1987- present |
| Children | 7 |
| Net worth | $700 Million |
