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

Tony Elumelu Biography

Tony Elumelu Biography: A prominent Nigerian economist and philanthropist, Elumelu has left an indelible mark on the world of finance and entrepreneurship. Born in 1963 in Jos, Plateau State, Nigeria, Elumelu has risen to become one of Africa’s most influential figures. This article delves into his remarkable life journey, his net worth, family, achievements, and significant contributions to the banking sector.

Tony Elumelu Biography

Tony Elumelu Biography

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

Tony Elumelu Net Worth

One of the most frequently asked questions about Tony Elumelu is his net worth. As of 2024, his current net worth stands at a staggering $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


Tony Elumelu and his wife, Awele Vivien Elumelu, have been blessed with seven children. While their names and personal lives are kept relatively private, it’s evident that family holds significant importance to Elumelu.

First Daughter

Tamara-Marie Oge Elumelu, the eldest daughter and first child of Tony Elumelu, is carving her path in the world of economics. With a keen interest in finance and economics, Oge is breaking barriers and proving that gender is not a limitation to success.

Tony Elumelu Tribe and Origin

Tony Elumelu was born into an Igbo family in Anioma, Aniocha North LGA of Delta State, Nigeria. His roots in the Igbo tribe have influenced his values and cultural identity, reflected in his philanthropic endeavors aimed at uplifting his community and beyond.

Education and Career


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 illustrious career includes transformative achievements in the banking sector. In 1997, he led the acquisition of a struggling Crystal Bank, later renamed Standard Trust Bank, and turned it into a profitable venture. His visionary leadership also led to the merger that created the United Bank for Africa (UBA), marking a significant milestone in Africa’s banking history.

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.

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 UBA.

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.


In conclusion, Tony Elumelu’s biography is a testament to the power of perseverance, determination, and visionary leadership. From humble beginnings to becoming a titan in the world of finance and philanthropy, Elumelu’s journey inspires millions across the globe. His impact on entrepreneurship and economic development in Africa underscores his commitment to shaping a brighter future for generations to come.

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