Tony Elumelu Biography: Age, Wife, Children, Businesses & Net Worth

Tony Onyemaechi Elumelu CON MFR was born on 22 March 1963, he is a Nigerian economist and philanthropist. 

He is a Business owner, citing Heirs Holdings, Transcorp and founder of The Tony Elumelu Foundation.

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Early Life

Tony Elumelu was born in Jos, Plateau, Nigeria, on 22 March 1963, to Suzanne and Dominic Elumelu from Onicha-Ukwu in Aniocha North Local Government Area of Delta State.

Tony Elumelu grew up with four siblings, one of whom is Ndudi Elumelu, a minority leader in the Nigerian Federal House of Representatives.

Tony Elumelu biography
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Tony Elumelu
Tony Elumelu


While he must have had a lot going on for him, his rise to fame came when he acquired and turned Standard Trust Bank into a top player in the Nigerian banking industry. He did not stop there. 

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In 2005, he led a group of investors that led a merger and brought about the United Bank for Africa which had grown so big and had branches in over 20 African countries and also in the United States of America and the United Kingdom.

Aside from this, he founded Heirs Holding after he retired from UBA in 2010. He also has other businesses including landed properties.

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Aside from being a successful businessman, Tony Elumelu is a well-known philanthropist. 

Tony Elumelu is the founder of the Tony Elumelu Foundation, a non-profit organization centered on promoting and celebrating entrepreneurship and excellence in business across the African continent.

One of the pet-projects of which he is known for is the Tony Elumelu Entrepreneurship Programme. He is also involved in other non-profits’ works. 

Some of these include him being a member of the World Economic Forum’s Regional Agenda Council on Africa at a time.

Tony Elumelu is also a fellow of the Nigeria Leadership Initiative, he is a trustee of the Infant Jesus Academy in Delta State. 

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Tony Elumelu was a member of the Bretton Woods Committee and also involved with the Tony Blair Africa Governance initiative through his foundations.


Tony Elumelu studied Economics at the Bendel State University (now Ambrose Alli University) obtaining a BSc and a Master of Science degree in Economics from the University of Lagos.

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Personal Life

Tony Elumelu married Awele Vivien Elumelu, a medical doctor, in 1993. They have seven children together.

Tony Elumelu Wife
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Tony Elumelu
Awele Vivien Elumelu
Tony Elumelu and his twin

Tony Elumelu Net Worth

Tony Elumelu is a Nigerian economist and philanthropist. He has an estimated net worth of $50 millions.

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